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Real Estate
 Marc Stiles Real Estate Editor |
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September 1, 2005
Real Estate Buzz: Suite deal: buy an office in Tacoma
By MARC STILES
Real Estate Editor
Real Estate Editor
As residential condo fever sweeps downtown Tacoma, developer Don Arsenault thinks office condos might be the next big thing. He and business partner Thomas Ossinger are so confident that they're placing a $3 million bet on their hunch.
It started with a forgettable office building at South Ninth and G streets that Arsenault bought for $1.45 million three years ago. Originally, he planned to renovate it and lease the space. The Tacoma City Attorney's Office was interested in the whole building until the tragic case of former police chief David Brame unfolded.
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Previous columns:
- Real Estate Buzz: Amazon on the prowl for more space?, 08-25-2005
- Real Estate Buzz: Developer PAC targets port race, 08-18-2005
- Real Estate Buzz: Clise no fan of LEED requirement, 08-11-2005
- Real Estate Buzz: Need a little tranquility? Call the Mastros, 08-04-2005
- Real Estate Buzz: A new price record for multifamily?, 07-28-2005
- Real Estate Buzz: Condo demand makes many new converts, 07-14-2005
- Real Estate Buzz: Molloy wants to sink North Bay plan, 07-07-2005
- Real Estate Buzz: Lusty Lady gives developers an eyeful, 06-23-2005