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Real Estate

Marc Stiles
Real Estate Editor
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April 29, 2004

Real Estate Buzz: Rhodes, O'Keefe have their limits

Real Estate Editor

Monday's auction for the prime Cost Plus property in downtown Bellevue drew some interesting bidders, including Kemper Freeman Jr., Bjorn Bayley, co-owner of the Renton Ikea, and Jeff Rhodes. Each left the derby before the bidding ended at $11 million.

Rhodes said he pursued the property with another well-known player, CB Richard Ellis broker Tim O'Keefe. Their strategy, according to Rhodes, was to make the approximately 1.8-acre site part of a larger project at Bellevue's hottest intersection.

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