Apartment building market firing on all cylinders in Seattle

The pace of multifamily investments in the greater Seattle area shot up 87 percent last year, and that growth is expected to continue in 2013.In the Puget Sound area, large apartment buildings worth nearly $2.8 billion sold last year, according to commercial real estate company Jones Lang LaSalle and Property and Portfolio Research. That compares to nearly $1.5 billion in 2011 sales.“We are kind of again at the peak,” David Young, an apartment broker with JLL, said during a Wednesday presentation…

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