An institutional housing platform has paid $12.2 million for a stretch of undeveloped land in the small unincorporated King County community of Fall City, a sign that national capital is looking beyond the Eastside’s core job centers for its next wave of residential land plays. A parcel of undeveloped land in unincorporated King County has just changed hands for $12.2 million, bringing institutional capital into one of the region’s most conteste…
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