Martha Lake
REAL ESTATE
Amid concerns from property owners, council OKs Main Street Phase II property acquisition
The Mountlake Terrace City Council at its June 6 meeting approved the acquisition of property needed for the city’s Main Street Phase II project. The vote came after some property and local business owners voiced their concerns about the impacts of future phases of the Main Street Revitalization Project.
Built-to-rent housing boom bypasses PNW
Despite a chronic need here for affordable housing, the national trend to build houses for rent, not for sale, hasn't gained traction in the Pacific Northwest.Why it matters: With mortgage rates perched near record highs for the year, there has been a proliferation of such housing in many communities across the U.S.They offer residents property management perks without down payments or long-term commitments — and no mortgages.By the numbers: In 2023, the U.S. saw 27,500 build-to-rent houses completed, an all-time high. It was 75% more than the year before and triple the number in 2021, according to a recent RentCafe...
Property Watch: A Tiny Waterfront Cabin with a Bananas View
The Pacific Northwest cabin brings a certain aesthetic to mind: maybe made of logs that hail straight from the surrounding forest, fire-lit interiors built to keep the damp gray at bay. Flannel cushions. But this Maury Island cabin flouts just about every convention of the genre, with bright, vintage interiors...
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