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…
Tag: downtown
Walking Away at Olive8
We made a passing mention of Olive8 pre-sale buyers walking away from their deposits in the condo sales status project post (which is still being compiled, by the way), and a week or so ago the Seattle Times posted a story about buyers at Olive8 and elsewhere walking away. On Saturday local entrepreneur Andy Liu…
JPMorgan to Drop WaMu Leases Downtown
Here’s another WaMu update on a subject that will likely have a large impact on downtown’s commercial real estate scene: Seattle Times: JPMorgan dumping WaMu’s leased space in Seattle Seattle P-I: JPMorgan dropping six WaMu leases in Seattle From the P-I story: New York banking giant JPMorgan Chase & Co., which in September bought the…
“Out here in Seattle, we were living in a bubble.”
These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…
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…