Discovery Park to gain $11.1 million property
The city of Seattle agreed Monday to spend $11.1 million to buy 24 acres of surplus Navy property on the Magnolia bluff -- marking the first time the city has had to pay for land to complete Discovery Park.
In the past 35 years, hundreds of acres of land at the park, originally donated more than a century ago by local residents for a military base, have been returned to the city for free.

NAI Norris, Beggs & Simpson is proud to announce Eric Shreves, Esq., as the newest member of our investment sales division, the Capital Asset Group. Shreves specializes in multi-family properties.

Metro Multifamily Housing Association continues to advocate on issues which are of importance to the Property Management Industry.

Proposal builds on “Homes Within Reach” as neighborhoods grow

As a second part of his “Homes Within Reach” strategy, Mayor Greg Nickels recently announced a proposal to extend to other neighborhoods throughout the city a successful program that is creating hundreds of affordable homes in the downtown area.

A healthy local economy is supporting strong revenue growth in the Seattle apartment market, a trend that is expected to continue in the coming quarters.

How to begin repair works of the apartment?

The first stage of the repair of old apartments is the destruction and dismantling first of all of the dilapidated walls and partition walls, removing the wall and ceiling coating. This stage is one of the most "dirty" stages of the repair.

I’ve heard from housing providers over the past several months that HUD and EPA are cracking down on lead hazards disclosure requirements and checking records to confirm compliance. This and a relevant case just a few years ago in Oregon of a landlord penalized for non-compliance are excellent reminders to be sure you’re aware of the law and your procedures are up-to-snuff.
The Oregon story referenced above can be read at http://www.epa.gov/region10, search for "Portland Landlord Cited."

categories of federally subsidized multifamily housing increased across all building types in 2006 from 2005 levels, with increases ranging from $ 0.16 to $ 0.90 per square foot of rentable area. Section 202 garden buildings reported the lowest total expenses in 2006 at $4.37 per square foot of rentable area. Section 221(d)3 elevator buildings reported the highest total expenses at $8.14 per square foot of rentable area.