Seattle Time, Vulcan buys block from Pemco:
Paul Allen’s real-estate company, Vulcan, has announced further expansion into South Lake Union’s Cascade neighborhood with the purchase of a two-acre full block previously owned by Pemco Insurance.
Sounds like they bought 2 acres for $15 million bringing Vulcan’s ownership to 60 acres.
Here’s a map from the article:
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In the Seattle Times ‘guest columnist’, William Justen, real estate consultant discusses living downtown in Raising the ceiling on a vibrant downtown Seattle:
Downtown living is about to get more dynamic. The city of Seattle’s new downtown zoning codes encourage taller, more-slender buildings and will bring even more vitality and vibrancy to our downtown.
I agree living […]
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Seattle Times, Home Prices Climb, though not necessarily for condos:
The median April sales price of King County’s condominiums was $247,900. That’s a 1 percent drop from the previous month, but compared with April 2005, condo prices are up 21 percent.
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