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Real Estate
 Marc Stiles Real Estate Editor |
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June 9, 2005
Real Estate Buzz: Things looking up for Meridian Block
By MARC STILES
Real Estate Editor
Real Estate Editor
Sources say the Meridian Block, a high-profile retail property in downtown Seattle with a roller-coaster history, is on the market again.
Rosche Finanz of Germany acquired the 162,000-square-foot Meridian — home to GameWorks, NikeTown and the 16-screen Cineplex Odeon — for $78 million in 1997. Four years later, tenant Planet Hollywood went out of business, and the multiplex theater went through Chapter 11 bankruptcy reorganization. Those events lowered rental income, and in 2003 City Center Retail LLC acquired the Sixth and Pike property for $54.5 million.
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Previous columns:
- Real Estate Buzz: EOP mum on plans for Bellevue lot, 06-02-2005
- Real Estate Buzz: 3rd time not the charm for Olive 8, 05-26-2005
- Real Estate Buzz: Hot times in Lacey warehouse market, 05-19-2005
- Real Estate Buzz: Issaquah site owners decide to wait, 05-12-2005
- Real Estate Buzz: Birtcher dips a toe into Puget Sound, 05-05-2005
- Real Estate Buzz: Equity may downsize City Center II, 04-28-2005
- Real Estate Buzz: They're showing us the money at The Burke, 04-21-2005
- Real Estate Buzz: Unico sniffing around Rose City, 04-14-2005