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Real Estate
 Marc Stiles Real Estate Editor |
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April 14, 2011
Real Estate Buzz: Property investors pulling out their wallets
By MARC STILES
Real Estate Editor
Real Estate Editor
Rumors are heating up about Seattle Tower being on the market again.
A year ago, LaeRoc Funds paid $20.7 million for the 1928 art-deco tower at 1218 Third Ave. That's $15.4 million less than what the seller, Legacy Partners, paid for the 27-story building in 2006. Today about a quarter of the building is vacant, according to officespace.com.
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Previous columns:
- Real Estate Buzz: Kells plans a spirited new restaurant, 04-07-2011
- Real Estate Buzz: Is Google expanding? No comment, 03-31-2011
- Real Estate Buzz: Five questions for Umpqua's John Swanson, 03-24-2011
- Real Estate Buzz: Someone's about to lose a lot of money, 03-17-2011
- Real Estate Buzz: Is Microsoft looking for Seattle space again?, 03-10-2011
- Real Estate Buzz: An officina nueva for Mexican Consulate, 03-03-2011
- Real Estate Buzz: Five questions for William Justen, 02-24-2011
- Real Estate Buzz: Unico, J.P. Morgan selling FAA building, 02-17-2011