High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Finance  | 

MG Properties Bags Bellevue MF from Kennedy Wilson for $191M

San Diego-based MG Properties Group acquired the LIV Bel-Red Apartment Homes in Bellevue for $191 million. The seller was Kennedy Wilson Fund V, a commingled fund managed by Beverly Hills, CA-based Kennedy Wilson.

The Eastside property, which was renamed Vue 22 Apartments, is a 451-unit community completed in 2015 and located in the Bel-Red submarket, between downtown Bellevue and downtown Redmond.

MG Properties Group’s Mark Gleiberman says, “We have been very active purchasers in the Seattle region and believe Bellevue is well positioned to benefit from economic growth in the near term. Vue 22’s location and profile make it an excellent fit for our long-term cash-flow oriented private capital investor group.”

JLL’s David Young, Corey Marx, Chris Ross, and Jordan Louie represented the seller. JLL’s Charles Halladay, Rick Salinas, and Jake Wisness handled the acquisition financing.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With MG Properties GroupConnect With Kennedy WilsonConnect With JLL’s Young

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action