{"id":1004052229,"date":"2012-03-23T14:10:33","date_gmt":"2012-03-23T22:10:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=38817"},"modified":"2022-12-04T12:36:57","modified_gmt":"2022-12-04T20:36:57","slug":"as-merger-looms-harbor-properties-sells-two-multi-family-assets-to-area-for-41m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/as-merger-looms-harbor-properties-sells-two-multi-family-assets-to-area-for-41m\/","title":{"rendered":"As Merger Looms, Harbor Properties Sells Two Multi-Family Assets to AREA for $41M"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

Harbor Properties, Inc. has closed the sale of two multi-family complexes to affiliates of AREA Property Partners, the Seattle Times<\/em> reported. AREA paid $40.9 million for the Mural apartment complex in West Seattle as well as with the Greenhouse complex in Columbia City.<\/p>\n

The 136-unit, seven-story Mural (pictured) includes amenities such as an entertainment lounge, bike room, a workout room and a roof deck. A ground-floor retail lineup features \u00a0Fresh Bistro by Herban Feast, Seasons Hair Salon and Wallflower. Scheduled for completion in December, the Greenhouse will offer 124 units.<\/p>\n

Harbor is in the midst of a high-profile merger with \"\"<\/a> Los Angeles-based Urban Partners LLC, and a report in the Puget Sound Business Journal<\/em> indicates that the proceeds from the recent sale will be invested in new multi-family development.<\/p>\n

 <\/p>\n

Pictured: The Mural Apartment Complex, photo courtesy of muralapartments.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor
\nHarbor Properties, Inc. has closed the sale of two multi-family complexes to affiliates of AREA Property Partners, the Seattle Times reported. AREA paid $40.9 million for the Mural apartment complex in West Seattle as well as with the Greenhouse complex in Columbia City.
\nThe 136-unit, seven-story Mural (pictured) includes amenities such as […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[],"class_list":["post-1004052229","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"\nAs Merger Looms, Harbor Properties Sells Two Multi-Family Assets to AREA for $41M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/as-merger-looms-harbor-properties-sells-two-multi-family-assets-to-area-for-41m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Merger Looms, Harbor Properties Sells Two Multi-Family Assets to AREA for $41M\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Harbor Properties, Inc. has closed the sale of two multi-family complexes to affiliates of AREA Property Partners, the Seattle Times reported. 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