Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here. Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation’s The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far…
Tag: commercial
Big Downtown Land Deal Evaporates
Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market. Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with…
Gambling On Office Space In Bellevue
Here’s another tidbit about commercial real estate in the Seattle area. Quite appropriately, the headline uses the word “gambling” to describe what’s going on with office buildings in Bellevue: Spec development, as in constructing an office building without pre-lease commitments on the gamble that it will attract tenants upon completion, is the new buzzword among…