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August 11, 2011

Escala

The Seattle condo tower Escala reports it closed the sale of its 100th unit. Thirty eight deals had closed a year ago. Escala is averaging eight new deals and month, and reports 20 sales are pending. Prices were reduced in the spring of 2010 when sales were lagging. Rennie Marketing Systems is marketing the project, and TeamBuilder John L. Scott is handling sales. Lexas Cos. and RREEF Global Opportunity Fund own the 30-story tower, which has 269 units.




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