{"id":1004122719,"date":"2015-07-07T20:26:29","date_gmt":"2015-07-08T04:26:29","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354521"},"modified":"2022-03-04T18:29:53","modified_gmt":"2022-03-05T02:29:53","slug":"sequoia-equities-takes-root-in-downtown-seattle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/","title":{"rendered":"Sequoia Equities Takes Root in Downtown Seattle"},"content":{"rendered":"

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

Sequoia Equities<\/a> recently completed the acquisition of a downtown Seattle community and is prepared to put the property through renovation almost immediately. The property in question is One Thousand 8th<\/sup> Avenue Apartments, a 65-year-old multifamily complex located at the base of First Hill.<\/p>\n

The new owner purchased the property for $93 million, with 78 percent Freddie Mac financing. Following the change in ownership, property management duties will be handled by Sequoia. The company has consistently expressed confidence in the Pacific Northwest’s real estate market, citing strong market fundamentals as it has added properties in the region.<\/p>\n

\"One<\/a><\/p>\n

One Thousand 8th Avenue Apartments<\/p>\n<\/div>\n

The two 14-story residential buildings at 1000 8th<\/sup> Avenue offer 351 residential units totaling 211,119 square feet of rentable space. Located near the city\u2019s rampant downtown core, the property offers proximity to the CBD, as well as important medical and research hubs. Built in 1949, the two-building community will be improved by the new owner, as Sequoia will apply an $8 million renovation plan starting this month in an effort to reposition the asset.<\/p>\n

According to the press statement announcing the transaction, the improvements planned for One Thousand 8th<\/sup> Avenue Apartments include changes to the interior and exterior, focusing on \u201ca full branding overhaul.\u201d Interiors will be fitted with low-maintenance features such as quartz countertops, wood-plank-style flooring and full-height backsplashes.<\/p>\n

Image courtesy of experienceot8.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sequoia Equities recently completed the acquisition of a downtown Seattle community and is prepared to almost immediately put the property through renovation. The property in question is One Thousand 8th Avenue Apartments, a 65-year-old multifamily complex located at the base of First Hill.<\/p>\n","protected":false},"author":41,"featured_media":1004505742,"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-1004122719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"\nSequoia Equities Takes Root in Downtown Seattle - 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\/sequoia-equities-takes-root-in-downtown-seattle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sequoia Equities Takes Root in Downtown Seattle\" \/>\n<meta property=\"og:description\" content=\"Sequoia Equities recently completed the acquisition of a downtown Seattle community and is prepared to almost immediately put the property through renovation. The property in question is One Thousand 8th Avenue Apartments, a 65-year-old multifamily complex located at the base of First Hill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-08T04:26:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-05T02:29:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Sequoia Equities Takes Root in Downtown Seattle\",\"datePublished\":\"2015-07-08T04:26:29+00:00\",\"dateModified\":\"2022-03-05T02:29:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/\"},\"wordCount\":233,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/1000-8th-Ave.jpg\",\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/\",\"name\":\"Sequoia Equities Takes Root in Downtown Seattle - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/1000-8th-Ave.jpg\",\"datePublished\":\"2015-07-08T04:26:29+00:00\",\"dateModified\":\"2022-03-05T02:29:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/1000-8th-Ave.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/1000-8th-Ave.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sequoia-equities-takes-root-in-downtown-seattle\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sequoia Equities Takes Root in Downtown Seattle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sequoia Equities Takes Root in Downtown Seattle - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/","og_locale":"en_US","og_type":"article","og_title":"Sequoia Equities Takes Root in Downtown Seattle","og_description":"Sequoia Equities recently completed the acquisition of a downtown Seattle community and is prepared to almost immediately put the property through renovation. The property in question is One Thousand 8th Avenue Apartments, a 65-year-old multifamily complex located at the base of First Hill.","og_url":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-07-08T04:26:29+00:00","article_modified_time":"2022-03-05T02:29:53+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Sequoia Equities Takes Root in Downtown Seattle","datePublished":"2015-07-08T04:26:29+00:00","dateModified":"2022-03-05T02:29:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/"},"wordCount":233,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg","articleSection":["News","Seattle"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/","url":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/","name":"Sequoia Equities Takes Root in Downtown Seattle - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg","datePublished":"2015-07-08T04:26:29+00:00","dateModified":"2022-03-05T02:29:53+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/sequoia-equities-takes-root-in-downtown-seattle\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sequoia Equities Takes Root in Downtown Seattle"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/1000-8th-Ave.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004122719"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122719\/revisions"}],"predecessor-version":[{"id":1004570882,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122719\/revisions\/1004570882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505742"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004122719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004122719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004122719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}