CWS: Would you pay $40M for an empty Seattle apartment building? This out-of-state investor just did

None of the units in the Lenora Apartments in downtown Seattle are leased, but that didn't stop an out-of-state investor from buying the six-story Belltown building for significantly more than what the property sold for five years ago. CWS Capital Partners paid nearly $40.4 million for the 107-unit property at 211 Lenora St., on Monday according to public records. That's 67 percent more than what the sellers - a joint venture of two Seattle companies, Laird Norton Properties and Unico Properties...