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Redfin Lays Off 46 Employees

Redfin Lays Off 46 Employees

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Redfin (NASDAQ: RDFN) laid off 46 employees in a new round of job cuts. The Seattle-headquartered company, which employs more than 4,000 people, confirmed the layoffs in a statement to GeekWire, explaining the impacted employees were “primarily managers in our...
Trinity Investments Acquires Historic Seattle Hotel

Trinity Investments Acquires Historic Seattle Hotel

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Trinity Investments, a Los Angeles-headquartered real estate investment firm, has acquired Seattle’s historic Fairmont Olympic Hotel. The 450-room luxury hotel opened in 1924 and spans an entire block of Downtown Seattle. The hotel features five dining offerings,...
Bascom Group Acquires Seattle Multifamily Community

Bascom Group Acquires Seattle Multifamily Community

by Phil Hall | Dec 12, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired 2300 Elliott, a 92-unit multifamily community in Seattle. Built in 1992, the property features a five-story residential building situated above two levels of structured...
Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

Seattle’s Historic Smith Tower Skyscraper is Sold to Investors Group

by Phil Hall | Aug 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Smith Tower, the 42-story building that became Seattle’s first skyscraper in 1914, has been acquired by a group of local investors led by Seattle-based GT Capital in a transaction that also included the Butler Garage, a parking space in the city’s Pioneer Square...
The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The house where Jeff Bezos launched Amazon has been acquired. According to Mansion Global, the 1,540-square-foot residence at 10704 NE 28th Street in the Seattle suburb of Bellevue, Washington, as listed last month at $2.29 million and is now being identified as a...
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