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Real Estate


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June 29, 2009

Decatur condo owners worry about GE's plans

  • Some are concerned that GE Capital Real Estate will auction off the block of units it recently acquired from the condo converter.
    • By LYNN PORTER
    Journal Real Estate Editor

    DJC photo [enlarge]
    Seattle-based Wysong Group purchased the 146-unit Decatur in 2006 for $25.7 million. In April, 63 of the units were conveyed to GE Capital Real Estate.

    Schoolteacher Eric Clem bought a condo in October 2007 in the Decatur, a 146-unit high-rise project on Seattle's First Hill that was converted from apartments.


     
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