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flag GRE Downtowner, LLC sues Seattle over tenant protection laws, claiming affordability impact.

flag GRE Downtowner, LLC, which operates the Addison on Fourth apartment building in Seattle, has sued the city, arguing that recent tenant protection laws have made affordable housing financially unsustainable. flag The company claims six ordinances enacted between 2018 and 2022 have led to high vacancy rates, reduced rent income, and increased costs, jeopardizing its operations and the welfare of residents. flag The lawsuit seeks to overturn these regulations and seek compensation.

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