(Editor’s Note: According to King County public records, the seller was an entity affiliated with Essex Property Trust, and the buyer was an entity that shares an address with Principal Asset Management.)

Seattle – September 18, 2025 – CBRE announced the sale of 8th + Republican Apartments, a 211-unit mid-rise multifamily community located at 430 8th Ave N in Seattle’s South Lake Union neighborhood. The property was acquired by a confidential institutional investor for $94,850,000 (about $449,526 per unit).

CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the confidential seller.

Completed in 2016, 8th + Republican is a high-quality mid-rise building constructed with concrete and steel, offering modern living in one of Seattle’s most vibrant urban neighb

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