A spokesman for Microsoft says site grading will begin thissummer, "but we're still pretty far out on the timing of theproject." Greg Laycock, a broker with the Seattle office of Cushman& Wakefield and the man with a copy of the deed of sale, saysthe City of Issaquah issued Microsoft's grading permits in themiddle of last week.

"This campus will have a significant impact on both thesingle-family and multi-family real estate market in Issaquah andthe I-90 corridor," says Laycock, a specialist in the apartmentmarket.

Citing a study conducted for Microsoft by Dick Conway of thefirm of Conway Peterson, Laycock says the development will have anemployment-multiplier effect on the local economy of four, meaningthat for every Microsoft job created at the campus, three morewould be created in the local economy.

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