Commercial trio sells for nearly $5M

By JOURNAL STAFF

Three small old commercial buildings recently sold for just over $4.9 million, according to King County records. The seller, via three LLCs, was a local family that owned the properties for two decades or more.

Security Properties inks $175M deal

By JOURNAL STAFF

Local shop Security Properties has multifamily investments all over the county, including Nashville. There, Connect CRE has reported — apparently from other news outlets — it just sold a three-building portfolio with 551 units. The reported sales price of $175.6 million works out to around $318,693 per unit.

Merlone Geier files big plan for Redmond that could top 1K units

By BRIAN MILLER

Three years back, via an LLC, Merlone Geier Partners paid $41 million for the rather tired old Overlake East shopping center, at 15340 N.E. 24th St. The over 6-acre Bel-Red property is about a 10-minute walk north to Overlake Village Station, where light rail service should begin in 2024.

Tiny Oregon town hosts first wind-solar-battery ‘hybrid’ power plant in US

By GILLIAN FLACCUS

The project will generate enough electricity to power a small city.

Portland politician disputes $77K fine over cheap rent

; A Portland City Council candidate has formally asked elections officials to waive a $77,000 fine, arguing that a deeply discounted downtown office space he received from a wealthy backer doesn't go against the city's campaign finance rules.

Ford putting $700M into Louisville truck plant

By DYLAN LOVAN and TOM KRISHER

Most of the money will go to retool the truck plant, which makes Super Duty pickup trucks and chassis cabs, plus the Ford Expedition and Lincoln Navigator large SUVs.

Ian threatens Fla. insurance market

Florida's property insurance market was already in peril. Now comes Hurricane Ian.

Amazon unveils new sleep tracker

Soon enough, a bedside Amazon device might know whether you're sleeping — or not.

Alzheimer's drug shows promise

Shares of Biogen and other drugmakers researching Alzheimer's disease have soared after Japan's Eisai Co. said its potential treatment appeared to slow the fatal disease in a late-stage study.

Stocks rally, bonds soar

By DAMIAN J. TROISE and STAN CHOE

Stocks rallied on Wall Street to their first gain in more than a week, as some calm returned to markets around the world Wednesday after the Bank of England moved forcefully to get a budding financial crisis there under control.