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'N' Habit Belltown 35% Leased, Motif Seattle Sold For $127M

BELLTOWN'N' Habit Belltown, a 49-unit building at 2217 Third Ave. that features modular construction, announced its official opening by noting that 35% of its units are already leased. The apartments range in size from 422-752 sq. ft., with a majority of homes featured as flexible 720 sq. ft. "flats." Belltown Dance Studio has moved in to one of their street-level retail spaces as well. [NHabit]

EVERETTSecurity Properties paid $63.5M last week for an Everett apartment complex called the Millington at Merrill Creek. That's 15% less than what the 344-unit property sold for in 2007. Close proximity to Boeing was a key factor in the sale. [PSBJ]

DOWNTOWNMotif Seattle, formerly known as the Seattle Red Lion Hotel, was officially sold for just over $126.9M. The buyer, Cornerstone Real Estate Advisers, paid 79% more for the property than its previous sale, though the building did just complete a $25M makeover and rebranding. [PSBJ]