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June 20, 2014

Former Red Lion sold for $127M

By JOURNAL STAFF

SEATTLE — Lowe Enterprises of Los Angeles sold the former Red Lion Hotel in downtown Seattle yesterday for $127 million — 79 percent more than Lowe paid for the property in 2011, according to public records.

The buyer is Cornerstone Real Estate Advisors, a subsidiary of Massachusetts Mutual Life Insurance Co.


 
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