School in Bellevue sells for almost $17M

By JOURNAL STAFF

A former office building at 2125 112th Ave. N.E. sold this week for just under $17 million, according to King County records.

Buybacks of offshore wind leases now total $4B

By JENNIFER McDERMOTT

An offshore wind company said Thursday that it reached a $1.2 billion settlement with the Trump administration to walk away from projects under development off New York, California and Louisiana. This latest agreement brings the total amount spent on such settlements to nearly $4 billion.

City thought cable cars could solve gridlock

By ALEXANDER JOE

The idea was unique for sub-Saharan Africa: Use cable cars to lift thousands of commuters above the daily gridlock in one of Africa's fast-growing cities.

Special meeting on airport DEIS

By JOURNAL STAFF

The Port of Seattle is hosting a special meeting on Aug. 11 for the public to provide comments on a series of proposed development projects at Seattle-Tacoma International Airport outlined in the draft environmental impact statement (EIS) for the airport's Sustainable Airport Master Plan (SAMP) near-term projects.

Mortgage rates rise for 5th week

The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers who are facing steep borrowing costs.

Jobless claims up to 199,000 last week

The number of Americans applying for unemployment benefits rose last week, but layoffs remain in the historically healthy range of the past few years.

Stocks edge lower as oil prices rise and more earnings reports roll in

By DAMIAN J. TROISE

Wall Street opened the week soaring higher and notching records, but has calmed over the last two days.