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December 5, 2024

Loan deadlines loom for Martin Selig

By BRIAN MILLER
Real Estate Editor

Photo by Kevin Scott [enlarge]
The Federal Reserve Building has been slowly adding tenants, and is about 64% occupied.

Since last year, the Seattle Times has reported extensively on loans coming due, or past due, to Martin Selig Real Estate. This week's Times report, supported by King County filings in November, details how the fairly new 1015 Second Ave. and 400 Westlake Ave. N. office buildings are in arrears to Acore Capital to the tune of $281.7 million. The source loan, from 2019, came due last fall.


 
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