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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

By MARC STILES
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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