Yes, the office vacancy rates are shocking. Yes, downtown storefronts are showing more plywood and broken glass than window dressing. And yes, as we enter the dark doldrums of the fourth quarter, there are alarmingly few big sales or leases to report. What's a real estate writer to do? Take a long weekend in New York.
Once a Safeway, until it shuttered in the 1990s, then later dubbed Rainier Mall, a long-vacant building at 4208 Rainier Ave. S. succumbed to fire on Tuesday evening. Two mixed-use apartment buildings are proposed for the site.