WENATCHEE, WA – Weidner Apartment Homes, a local multifamily developer and owner, is making significant investments in downtown Wenatchee to expand housing options and restore the Wenatchee Jailhouse into a bustling commercial space.
The cornerstone of Weidner’s investment is The Majestic Apartments, a seven-tale, 212-unit residential community designed with Milbrandt Architects. Inspired by downtown Wenatchee’s architecture, The Majestic will feature a brick exterior, arched entries, and distinctive Art Deco design. The development will also add 100 public parking stalls within its underground garage, expanding downtown parking and encouraging foot traffic to nearby businesses. The Majestic is expected to be completed in summer 2027 and will build upon the existing 1,626 residential units Weidner has developed in Moses Lake, Leavenworth, and Wenatchee.
In front of The Majestic, Weidner is bringing new life to a piece of the city’s history by restoring the former Wenatchee Jailhouse. The 2,736-square-foot building, built in 1910, once served as the city’s jail and has been vacant for decades. Weidner partnered with Graham Baba Architects to preserve and adapt the historic structure for future food-and-beverage use. Dime Food Group, a local restaurant group, will operate the jailhouse’s two new commercial spaces, plotted as a Spanish-style deli and a speakeasy. The revitalization is expected to be completed in summer 2027.
Weidner’s commitment to Wenatchee extends beyond real estate development. Weidner donated $7.5M to the Wenatchee Valley Museum and Cultural Center to support its renovation and continued celebration of the region’s rich history. In December 2025, Weidner’s late founder and chairman, W. Dean Weidner, bought the historic Wenatchee Valley YMCA’s Lake Wenatchee Camp and entered into a 99-year, low-cost lease agreement with the YMCA to preserve this opportunity for local youth in the Wenatchee Valley and across Washington. In addition, Weidner contributed $2M as an endowed gift to preserve the camp and support its stability.
“Weidner has an 18-year history of developing housing within the Wenatchee Valley, and our experience has been overwhelmingly positive,” said Nick Nowotarski, Development Director at Weidner Apartment Homes. “We share the city’s goal to encourage economic development within the downtown core while preserving Wenatchee’s strong sense of community and character. Weidner is excited to be part of that growth.”
Weidner’s longstanding commitment to Wenatchee reflects the appreciation Dean Weidner had for the region. Dean was drawn to its natural beauty and quality of life, with access to the Columbia River, nearby skiing, and Washington wine country, as well as the character of historic downtown Wenatchee.
Dean Weidner embraced Wenatchee through targeted investments in housing, local businesses, historic preservation, and community organizations, supporting his goal of enhancing what makes the city distinctive while sustaining a vibrant community for generations to come.

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SAN MATEO, CA – Prometheus Real Estate Group, one of the Bay Area’s leading private multifamily operators, announced the opening of Harken, a new 172-unit apartment project at 5150 El Camino Real in Los Altos. Harken will be Los Altos’ first new apartment project in decades and will offer large, thoughtfully designed one- and two-bedroom homes, averaging 1,134 square feet each. The property will also include 29 below-market-rate affordable housing units and help to address California’s ongoing housing shortage.
“Due to the lack of construction in recent years, it’s charming downtown, fantastic neighborhoods, and strong school district, it’s been nearly impossible to find a place to live in Los Altos,” said Don Peterson, Senior Vice President at Prometheus Real Estate Group. “With all of this in mind, Harken was designed to offer something different: a boutique experience with quality materials and thoughtful details throughout.”
Harken is a play on the term “harkening back,” and its design centers on making a respite from the pace of everyday life, with spaces that encourage slowing down and connection. Natural light and warm wood tones shape its design, complemented by a private listening lounge, two lobbies, and a clubhouse for work or gatherings. Amenities include a 24/7 gym, featuring Technogym cardio and strength-training equipment, a multi-functional training rack, a pool, a separate 20-by-10-foot spa, and towel service.
Harken is located less than two miles from three top-rated Los Altos schools, including Almond Elementary School, Ardis G. Egan Junior High School, and Los Altos High School. The new luxury property is also less than two miles from the San Antonio Caltrain station, from which residents can travel to major metropolitan areas such as San Francisco and San Jose. Sitting between the downtowns of Los Altos and Mountain View, Harken provides simple access to both cities and is the best of both worlds.
Leasing at the new Harken property starts this month, with occupancy expected to start in November. The waiting list is open now, with tours coming later this year.

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DENVER, CO – Griffis Residential, a vertically integrated multifamily real estate investment manager, has announced the first close of Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments.
Fund VII continues Griffis Residential’s value-add investment strategy focused on acquiring high-quality multifamily communities in select U.S. markets with favorable demographics, affordability metrics, and improving supply and demand dynamics.
“We are grateful for the continued confidence and support of our investors,” said Ian Griffis, Chairman and Co-Chief Executive Officer of Griffis Residential. “Our best-in-class operations team has once again protected our partners throughout the current real estate recession. Looking forward, the environment presents an brilliant opportunity to buy Class A multifamily assets at severely discounted prices. Fund VII allows us to build on decades of successful real estate investing, through multiple market cycles, while maintaining the consistent and disciplined approach that has guided our investment strategy since our founding.”
Fund VII has already completed its first acquisition, Griffis North Olive, a 263-unit apartment community in West Palm Beach, Florida. Bought in March 2026 for approximately $104 million, the 2016-vintage community was bought at an estimated 25% discount to replacement cost. The acquisition expands Griffis Residential’s presence in South Florida and reflects the Fund’s strategy of investing in well-located apartment communities with the opportunity to make value through targeted improvements and improved management.
Griffis Residential currently owns and manages approximately 9,500 units in 13 geographically diverse markets nationwide.

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