Real estate in Seattle sees mixed fortunes: high-value sales alongside building receivership and new restaurant openings.

Real estate transactions in Seattle and Redmond include the $147 million sale of the Riverpark apartment complex, a $2.4 million land sale in Rainier Valley for affordable housing, and the $4.7 million sale of an 18-unit Capitol Hill apartment building. Additionally, the Colman Building in downtown Seattle entered receivership due to a 40% vacancy rate, and the Old Colfax bank building was transformed into Wild Ember Kitchen, a new restaurant. In the Spring District, Block 5 and Block 6 office buildings sold for $270 million.

3 months ago
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