Regular readers may recall this post from last October: Construction Defaults Over 10%, Tacoma Condos Empty. Tacoma News Tribune: Downtown condo sales at a crawl How’s the market for condominiums in downtown Tacoma? “What market?” says Judy Mayfield, head of sales for The Esplanade, the 162-unit project on the Foss Waterway, now nearing completion. After…
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Two Recent KUOW Pieces of Note
Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market. Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A…
Weekend Roundup: Empty Condos, Story Updates, & a Rosy Forecast
Got a few interesting stories for you today. First up, from the Puget Sound Business Journal: Seattle, Bellevue luxury condominium towers are slow to fill up Three-quarters of the new condos at five major buildings in Seattle and Bellevue are unsold, leaving developers in a high-stakes battle to unload millions of dollars worth of homes….
Boeing “Bean Counters” Threatening to Leave Town
Lots of news has come out over the last few days regarding Boeing. Here’s a roundup of some of the big headlines. Airbus extends air show order lead over Boeing Airbus has now racked up $11.5 billion in orders and agreements this week, well ahead of Boeing, which notched up its first air show order…
News Brief: Local Unemployment Rate Resumes Climb
Just a quick update on the unemployment rate. According to data from the Washington State Employment Security Department, both statewide and King County unemployment have resumed their rise, pushing close to double-digits: After dropping from 7.9% to 7.0% from March to April, King County’s unemployment rate shot up a full point to (barely) reach a…