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Schnitzer Unloads Equinox for $65 million

By August 3, 2010

Brix, Equinox

While I was downhill mountain biking at Whistler last week the Times reported that Schnitzer [sold] two big properties for more than $300M. One of them being failed condo project Equinox which converted to apartments just a year ago:

Schnitzer got another $65 million for Equinox, a recently completed 204-unit apartment building in Seattle’s Eastlake neighborhood.

The sales were the second- and third-largest in King County so far this year, according to county records.

Update: Schnitzer is also looking to close out Brix. They’re down to the last five units and have cut prices today and are offering a buyer bonus of 3% if you are under contract by 8/31 and close by 9/30.

#304, 1 bed, 1 bath, $270,000
#312, open 1 bed, 1 bath, $240,000
#313, open 1 bed, 1 bath, $240,000
#314, open 1 bed, 1 bath, $235,000
#315, open 1 bed, 1 bath, $240,000