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Originally published Monday, February 3, 2014 at 11:37 AM

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Japanese firm buys Capitol Hill apartment building

The apartments fetched 60 percent more than the owner paid just two years ago.

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In the past, when Japanese companies began buying up American real estate it always... MORE
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The owner of the 79-unit Union Manor apartments in Seattle’s Capitol Hill neighborhood recently sold the brick building to Japanese investors for $15.2 million, 60 percent more than it paid just two years ago, records show.

Union Arms Investors, which is managed by Gerry Pigotti, a principal at Seattle-based investment property broker Gibraltar, sold the property at 604 E. Union St. to Mitsumaru Estate Co.

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