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Marc Stiles Real Estate Editor |
October 14, 2010
The rumor was true that Sabey Corp. was the buyer of the Federal Reserve's former downtown Seattle branch.
The Tukwila-based development company entered into a deal with the Federal Reserve Bank to buy the half-block property at 1015 Second Ave., according to a copy of the agreement. But Sabey officials may be thanking their lucky stars that the deal, signed a few months before everything tanked in 2008, was spiked after a group of historic preservationists successfully sued to stop it.
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