Here’s an… interesting story about the “tacky little building at 1315 First Ave.“ In the high-stakes game of downtown real estate, the tacky little building at 1315 First Ave. was surely doomed. A group of heavyweight developers, including a billionaire, a wealthy venture capitalist, and a former Seattle mayor, aimed their wrecking ball at Peaches,…
Luxury Condos Pop Up All Over
Apparently Puyallup is not alone outside of Seattle in its ability to attract ridiculously lavish condominiums. "Luxury condos" are popping up in all kinds of outlying Seattle neighborhoods: Luxury condominiums, some priced up to $2 million, are springing up in such unlikely locations as Edmonds and Ruston as developers look to attract empty nesters in…
Workplace Anecdotes
My coworker that is selling his Northgate-area house still hasn’t had any luck. In fact, the home that he originally listed at ~$475,000, then dropped to ~$450,000, has had the price reduced again to ~$425,000. Furthermore, it now shows up as a "new listing," listed in the past seven days. Hmm, interesting. Also, I just…
$500,000 Condos In Puyallup
Some parts of the market in the greater Seattle area may be slowing down, but nobody told the condo developers in Puyallup: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell…
Condo Conversions Taking Over Seattle
Apartment to Condo conversions made the front page of today’s Seattle P-I in a story titled City’s renters lose out as condo switch soars. Thousands of Seattle renters have been displaced as developers turn to apartment buildings to meet strong appetite for in-city homes. Apartment-to-condominium conversions in Seattle have skyrocketed, from 345 in 2004 to…