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August 1, 2019
Realogics Sotheby's International Realty is perhaps best known for selling high-end and residential properties and condominiums like Spire and Nexus. Now it's getting into the land-sales game. RSIR's Dean Jones said in a statement, “Our firm is uniquely positioned to service the research, product development, marketing and sales needs of our broker teams in new construction.”
RSIR said the new division will target townhouse and low-rise, wood-frame condominiums outside of downtown Seattle and Bellevue.
Leading the new effort will be Tadashi Shiga, who added, “These boutique projects are able to hit lower price points and deliver in quicker timeframes compared with the high-rise format. We desperately need more affordable product for purchase in the metro area.”
Shiga's team now includes Tim Bower and Sunny Tumber, along with their staff of four. RSIR said the new effort was in response to lower mortgage interest rates, consumer demand and recent changes to the Washington State Condominium Act.