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Marc Stiles
Real Estate Editor
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October 14, 2010

Real Estate Buzz: Sabey wanted Fed building, but not now

By MARC STILES
Real Estate Editor

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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