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Real Estate
 Joe Nabbefeld Real Estate Editor |
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August 22, 2002
Real Estate Buzz: More Fisher property sales to come
By JOE NABBEFELD
Real Estate Editor
Real Estate Editor
Fisher Communications' agreement last week to sell a marina, two small office structures and a restaurant building on the west side of Lake Union is the first step in a piecemeal sell-off of Fishers' large non-broadcast real estate holdings, said Fisher Properties head Mark Weed.
Fisher had put the full, 1.3 million-square-foot portfolio of high-quality office and industrial buildings up for sale last November as part of a plan to reduce the Seattle-based broadcast company's debt during a time of slumping ad revenues. The real estate market had already passed its peak, however, so the offering looked like a sad case of the company feeling forced to sell at what would be reduced prices.
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Previous columns:
- Real Estate Buzz: Unico turns an eye toward the future, 08-15-2002
- Real Estate Buzz: How about not replacing the viaduct at all?, 08-08-2002
- Real Estate Buzz: Haub makes his third deal in Puyallup, 08-01-2002
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