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LIVE Belltown


Give a Hand Up, Get a Hand to Help

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Every day local homeowners and businesses call the Millionair Club Charity asking for help on indoor and outdoor projects.

If you are someone who could use a little help here and there, hire a Millionair Club worker to assist you in yard work, maintenance, moving, painting, cleaning and other kinds of general labor. For $10-12 per hour, you can make a positive difference in the lives of the unemployed, homeless and working homeless who come to the Millionair Club for support.

Anyone can hire a worker today by calling 206-728-JOBS (4527) or visiting millionairclub.org and filling out a Request a Worker form online.


At Least It Won't Look Like Bellevue, er, South Lake Union

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 A private, San Diego-based real estate investor and operator (MG Properties Group) has bought The Cornelius Apartments on 3rd Ave. for $18.5 million. The seller was an affiliate of Goodman Real Estate. Built in 1925, The Cornelius went through extensive physical improvements in 2010, including a full renovation of apartment interiors, addition of state-of-the-art common areas, and extensive upgrades to the building's systems and envelope.

The Cornelius is located blocks from Amazon.com's recently announced three-block, 3,000,000-square-foot planned Denny Triangle headquarters and office project development.

Mark Gleiberman, MGPG's President, describes the property as being "ideally positioned to appeal to residents looking for a well-appointed in-city home with an excellent value proposition. Seattle's growing prospects for professional employment in the downtown and south Lake Union districts make Belltown likely to experience strong apartment fundamentals in the coming years."

The Cornelius is MGPG's second purchase from an affiliate of Goodman Real Estate within the past year. The seller was represented by Tim Campbell and Jeff Gilson of Pinnacle and MGPG represented itself in the transaction. The acquisition was financed with a $13.8-million, 10-year, fixed-rate loan from Freddie Mac, arranged by Bryan Frazier of CW Capital. MGPG took advantage of low rates to lock in 10-year financing with five years of interest only.


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