Reduced Eviction Periods: Good News for Washington State Multifamily Landlords
On February 20th, the Washington Supreme Court ruled in Housing Authority v. Knight that landlords of subsidized properties can now issue 30-day pay or vacate notices for nonpayment of rent, replacing the previous 90-day requirement. The ruling also shortened notice...
Maximizing Tax Savings: Why Every Multifamily Owner Should Use Cost Segregation
Cost segregation is a strategic tax planning tool that allows investors in real estate to maximize their depreciation deductions. Residential real estate is depreciated over 27.5 years, but cost segregation allows owners to accelerate depreciation on personal property...
Molly Mikolajczyk Promoted to Managing Director at SVN Cornerstone
SVN Cornerstone is proud to announce the promotion of Molly Mikolajczyk to Managing Director of the locally owned Commercial Real Estate firm. With six years at SVN Cornerstone and nine years in the real estate industry, Molly has been an integral part of the firm's...
Wave of Maturing Loans in 2025 Could Trigger Distressed Sales in Multifamily Real Estate
In 2025, approximately $598 billion in U.S. commercial real estate debt is set to mature, with a significant portion in the multifamily sector. Property owners who purchased or refinanced during the low-rate years may struggle to secure favorable terms as interest...
Largest Multifamily Projects Under Construction in Spokane County
Apartment owners, buyers, and sellers should be aware of ongoing development projects in order to prepare for potential increases in vacancy rates, especially if these projects are near their properties. Currently, there are only 955 apartment units under construction...
2024 Spokane County Multifamily Sales: Quick Statistics Snapshot
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2024 Total Properties Sold: 55 Total Units Sold: 1,554 Total SF Sold: 1,279,978 Total Volume Sold: $190,174,149 Average Sale Price/Unit: $121,528 Average Sale Price/SF: $163 Average Sale Cap Rate: 6.27% Average...
Key Takeaways
SVN | Cornerstone Commercial provides comprehensive commercial real estate insights through market reports, blog content, and strategic resources that help clients make informed decisions. Our research team tracks macroeconomic factors, valuation trends, occupancy data, and rental rates that drive CRE performance across all property types.