Downtown Seattle office vacancies still high as virus variant clouds real estate outlook

by | Aug 21, 2021 | 0 comments

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After a year of remote life that emptied much of downtown Seattle, the summer appeared to bring signs of a return. Vaccine rates picked up, Pike Place Market filled with tourists and tech behemoths made plans for at least some of their employees to return to their cubicles.

Not so fast. 

As the delta variant of the coronavirus surges and public health officials again recommend wearing masks, question marks are back in the forecast for Seattle’s acres of office space.

Google and Apple, both with a presence in South Lake Union, delayed their planned returns to the office until October. For now, Amazon, the city’s largest private employer, has indicated plans to return to the office in September

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Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales

Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales

A Zillow shareholder has filed a new derivative lawsuit against CEO Jeremy Wacksman and other current and former company leaders over the $100 million Redfin rentals partnership. The complaint alleges Zillow executives and directors failed to disclose antitrust risks and cites more than $81 million in stock sales; the allegations have not been proven. Continue Reading Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales