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Real Estate



Marc Stiles
Real Estate Editor
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March 17, 2011

Real Estate Buzz: Someone's about to lose a lot of money

By MARC STILES
Real Estate Editor

A pending sale of a pile of debt secured by 11 Seattle-area office properties could have a significant influence on who owns what around here.

It's a complicated story that reaches back to 2007, when a Goldman Sachs affiliate bought the buildings for $1.2 billion. Those buildings have been losing tenants since, and the value of the portfolio has plummeted.


 
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