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Real Estate

Marc Stiles
Real Estate Editor
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April 14, 2011

Real Estate Buzz: Property investors pulling out their wallets

Real Estate Editor

Rumors are heating up about Seattle Tower being on the market again.

A year ago, LaeRoc Funds paid $20.7 million for the 1928 art-deco tower at 1218 Third Ave. That's $15.4 million less than what the seller, Legacy Partners, paid for the 27-story building in 2006. Today about a quarter of the building is vacant, according to officespace.com.

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