Seattle Commercial Real Estate News

Seized Mastro jewelry valued at $3 million The Seattle Times Nearly 300 pieces of jewelry seized in France last year from fugitive Seattle real-estate developer Michael Mastro and his wife are worth more than $3 million, according to a report Thursday by the court-appointed trustee in Mastro’s bankruptcy case.

<http://seattletimes.com/html/businesstechnology/2020997737_mastrobankruptcyxml.html>

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Pending Seattle Real Estate Sales Rise 10.7%: Low Inventory Can’t Squelch …

Seattle Post Intelligencer (blog)

The relative lack of homes available for sale in the market in Seattle at any given time has not been able to quench home buyers’ thirst to purchase a house. While we’re sitting at around 1.5 months of inventory right now, the lowest we’ve seen in …

<http://blog.seattlepi.com/seattlewaterfronthomes/2013/05/15/pending-seattle-real-estate-sales-rise-10-7-low-inventory-cant-squelch-buyer-demand/>

Trulia says there “ain’t no” housing bubble Examiner.com In a recent report by Rick Schutte, Coldwell Banker – Koetje Real Estate in Oak Harbor, North Whidbey Island median home sale prices were actually down month over month and year over year. However, more homes were selling,

40 for April versus 24 the …

<http://www.examiner.com/article/trulia-says-there-ain-t-no-housing-bubble>

CFPB releases videos about new mortgage rules Examiner.com Real Estate & Construction · CFPB · home loans. Advertisement. The CFPB operates under the Dodd-Frank act to supervise, limit and oversee mortgage associated entities. They also have a number of functions in the credit card venue. According to their …

<http://www.examiner.com/article/cfpb-releases-videos-about-new-mortgage-rules>

Buffalo Wild Wings opening a store in downtown Seattle Puget Sound Business Journal (Seattle) Buffalo Wild Wings is opening a restaurant in downtown Seattle, commercial real estate broker Susie Detmer said Wednesday. Detmer, of Cushman & Wakefield Commerce, announced the plans during a panel discussion that commercial real estate group …

<http://www.bizjournals.com/seattle/news/2013/05/15/buffalo-wild-wings-opening-a-store-in.html>

Redfin brokerage sets up shop in South Florida Sun-Sentinel Redfin, a national real estate brokerage, is announcing plans Thursday to enter the South Florida market. The Seattle-based firm will list and sell homes across Palm Beach, Broward and Miami-Dade counties — its first Florida market and 22nd nationwide …

<http://articles.sun-sentinel.com/2013-05-15/business/fl-redfin-south-florida-20130515_1_real-estate-agents-brokerage-homes>

Which Portland-area city is tops for million dollar home sales?

Portland Business Journal (blog)

Seattle-based Redfin real estate reports sales of high-end homes easily outperformed the market in general, which saw a 5 percent gain over the same period. The 97034 zip code, covering portions of Lake Oswego, was among the busiest million dollar …

<http://www.bizjournals.com/portland/blog/real-estate-daily/2013/05/lake-oswego-is-tops-for-million-dollar.html>

Consumer Price Index drops for April

Examiner.com

Real Estate & Construction · CPI · Inflation · interest rates.

Advertisement. This is the second … The Seattle-Tacoma-Bremerton area has a CPI increase over 12 months of 1.2 percent and 0.4 percent for March and April. The Federal Reserve Open Market …

<http://www.examiner.com/article/consumer-price-index-drops-for-april>

Jewels seized from fugitive Seattle real estate mogul worth $3M KOMO News SEATTLE — A large stash of jewelry seized in France last year from fugitive Seattle real estate developer Michael Mastro is worth more than $3 million, according to report filed Thursday. An 82-page court document filed in federal court lists the …

<http://www.komonews.com/news/local/Jewels-seized-from-fugitive-Seattle-real-estate-mogul-worth-3M-207818151.html>

What The Heck Is Chris Hansen Gonna Do With All That SoDo Property?

Curbed Seattle (blog)

Hansen owns nearly $64.7 million of real estate in SoDo, encompassing the land meant for the arena as well as surrounding property meant for parking lots and amenities. Not only did he pay almost $15 million more than what the land is valued at …

<http://seattle.curbed.com/archives/2013/05/chris-hansen-sodo-seattle-property-arena.php>

Kirkland Real Estate Sales Devouring Active Listing Inventory of Homes For Sale Seattle Post Intelligencer (blog) This trend of decreasing real estate inventory has reached a critical point in Kirkland, where home sellers are often able to sell within one week, and with multiple offers, as buyer demand seems to continue to grow with barely enough new listing …

<http://blog.seattlepi.com/seattlewaterfronthomes/2013/05/17/kirkland-real-estate-sales-devouring-active-listing-inventory-of-homes-for-sale/>

There’s some office space available on E Pike… CHS Capitol Hill Seattle However, with so many qualified candidates in the field, my continued candidacy may dilute the chance of achieving the positive change Seattle needs. After much deliberation, I have chosen not to continue as a candidate. Instead, I will continue to …

<http://www.capitolhillseattle.com/2013/05/theres-some-office-space-available-on-e-pike/>

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About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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