Schnitzer Unloads Equinox for $65 million

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

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • Dan

    Speaking of unloading – the Olive 8 owners blog is reportong rumors of an auction.