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Real Estate
 Marc Stiles Real Estate Editor |
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March 17, 2011
Real Estate Buzz: Someone's about to lose a lot of money
By MARC STILES
Real Estate Editor
Real Estate Editor
A pending sale of a pile of debt secured by 11 Seattle-area office properties could have a significant influence on who owns what around here.
It's a complicated story that reaches back to 2007, when a Goldman Sachs affiliate bought the buildings for $1.2 billion. Those buildings have been losing tenants since, and the value of the portfolio has plummeted.
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Previous columns:
- 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
- Real Estate Buzz: Trader Joe's may be expanding here, 02-03-2011
- Real Estate Buzz: 835 grad students plan Mount Baker's future, 01-27-2011
- Real Estate Buzz: Will Stone Way Village bag Trader Joe's?, 01-20-2011
- Real Estate Buzz: Office rebound: Sooner than you think?, 01-13-2011