Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Portland Multifamily Trades for the First Time in 25 Years
A recent sale represents the first time Sunset Summit has changed hands in more than 25 years. The 261-unit multifamily property in the West Hills neighborhood of Portland recently sold for $80.75 million. This equates to $309,387 per unit. The buyer was Prime Residential.
Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, BPM Real Estate Group. Anthony Palladino, Giovanni Napoli, Philip Assouad, Ryan Dinius and Sidney Warsinske were the seller brokers.
Sunset Summit features low-density construction with views of the Tualatin Valley from most units. Built in 1989 on 31 acres and renovated in 2014, Sunset Summit is approximately a seven-minute drive from downtown Portland, allowing for a convenient commute into the city via Burnside Road, along with access to Nike and Intel via U.S. Highway 26 or the Sunset Transit Center.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition


