Monthly Archives: August 2017
City Evacuates Unfinished Micro Apartments.
On Thursday, residents of the Cubix micro apartment complex on 95th St had to evacuate after a stop work order from the City of Seattle revealed that the building was never given a legal occupancy permit. Building inspectors stated that the 41-unit complex was never even inspected. The site included many hazardous unfinished areas such […]
South Lake Union Restaurateurs Struggle Despite Amazon Boom
When Amazon established a new headquarters in the previously rundown South Lake Union neighborhood earlier in the decade, many restaurateurs flocked to the downtown district to take advantage of the new crowds. Now, though, many of theses restaurants claim to be struggling. Though Amazon employees flock to eateries and bars for lunch and happy hour, […]
Posted in Commercial Real Estate, Mixed Use Development, Restaurants
Amazon set to lease forthcoming Rainier Square
Amazon already occupies nearly a fifth of Seattle office space. And according to commercial real estate watchers, that slice of the pie is about to get even bigger. The company is rumored to have a pending lease on the office portion forthcoming Rainier Square project, a 58-story structure set to open in 2019 next to […]
Posted in Commercial Real Estate, Office Buildings
Seattle Attorney’s Office Weighs in on Proposed Taxes on Foreign Buyers.
Taxing overseas buyers of vacant homes in order to cool the city’s housing market has been on the agenda for some Seattle politicians since British Columbia took similar measures in Vancouver last year. The issue is a key part of the platform of mayoral finalist Cary Moon. But the City Attorney’s Office recently declared both […]
Posted in Residential Property
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