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Seattle & Northwest  + Seattle  + Finance  |  October 12, 2023
1. Troubled StoryBuilt Selling $2B Development Pipeline
Jasmine Kilman
By: Jasmine Kilman

Troubled StoryBuilt Selling $2B Development Pipeline

Embattled real estate firm StoryBuilt is selling $2 billion of its development pipeline. The commercial and residential pipeline is on the market by A&G Real Estate Partners and Onyx Asset Advisors in a receiver sale.

This includes 28 projects with five partially or nearly complete properties in Seattle. Other properties are located in Austin, Denver and Dallas. The pipeline is available for purchase in its entirety or separately.

Several notable projects in the Seattle area include “Stanley,” a 19-townhome development that is 75 percent complete in the Georgetown neighborhood and the “Josephine” development site, which is approved for 380 apartment units.

Founded in 2009, StoryBuilt is a real estate developer that has been facing financial issues, including lawsuits, recent layoffs and a voluntary receivership to help fix the company’s finances.

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Inside The Story

A&G Onyx Asset AdvisorsStoryBuilt

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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