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SEATTLE-An offering memorandum will be available Monday for the city-owned downtown office buildings built in the early 1900s. The city has been vacating the buildings in favor of Key Tower, a more modern city-owned office property on Fifth Avenue. The buildings have a combined 236,000 sf. The asking price is in the $40s per sf. Offers are due July 6.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!