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DESC poised to begin work on 109 Interbay units

By BRIAN MILLER

The master use permit came last fall for an affordable housing project planned by Downtown Emergency Service Center at 2626 15th Ave. W. in Interbay.


LIHI, ICHS plan 90 units in ID

By JOURNAL STAFF

ICHS and LIHI formally announced their plans this week.


CBRE sells 186 Renton units for over $53M

By BRIAN MILLER

A Renton apartment complex at 1300 N. 20th St. recently sold for a little over $53.1 million, according to King County records.



RDA Block, or most of it, for sale in the ID

By BRIAN MILLER

Most of a city block at 821 Seventh Ave. S. recently came to market, with an asking price of $20.5 million. Jeff Huntington and Tim Foster at Kidder Mathews are the brokers.

St. Vincent sells store on Aurora

By JOURNAL STAFF

A retail property at 13553 Aurora Ave. N. has sold for $2.3 million, according to King County records.


Microsoft profits up; stock jumps

By MATT O'BRIEN

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive.


Southwest to exit Bellingham airport

Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.


Amazon to build $11B data center

Amazon's cloud computing unit Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs.


FCC restores rules on net neutrality

The FCC on Thursday restored “net neutrality” rules that prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others.


$5.6M in refunds for Ring settlement

The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access.


Stocks close sharply lower

By STAN CHOE

Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market.


Rates climb for 4th straight week

The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what's traditionally the housing market's busiest time of the year.


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