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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.