Real Estate

Redfin expected to go public next week in 1st Seattle-area tech IPO of 2017

by Nat Levy on July 21, 2017July 21, 2017 at 3:58 pmComment

Redfin is expected to go public Friday, July 28, according to Nasdaq. The Seattle-based company, which describes itself as a “technology-powered residential real estate brokerage,” said in an SEC filing earlier… Read More

Downtown Seattle construction boom at a record $5 billion — 40 percent higher than last year

by Kurt Schlosser on July 20, 2017July 21, 2017 at 6:31 amComment

If the cranes dotting the skyline weren’t a clear enough indication, a new report from the Downtown Seattle Association says that the city is in the midst of a record… Read More

OfferUp expanding Seattle area headquarters as headcount has doubled to 200 people in last year

by Nat Levy on July 20, 2017July 20, 2017 at 11:03 amComment

OfferUp is more than quadrupling the size of its headquarters in Bellevue, Wash. as the mobile marketplace begins to put the $130 million it raised last year to work. OfferUp… Read More

Tech-powered residential real estate firm Redfin sets IPO terms at $12 to $14 per share

by John Cook on July 17, 2017July 17, 2017 at 8:33 amComment

Redfin is inching closer to its proposed initial public offering, with the so-called “technology-powered residential real estate brokerage” setting terms for its debut on the NASDAQ stock exchange. In a… Read More

Key question in Redfin IPO: Will it be valued as a tech company or a real estate brokerage?

by John Cook on July 13, 2017July 13, 2017 at 5:42 amComment

Is Redfin a real estate brokerage or a tech company? That’s the key question as the Seattle company — originally founded in 2002 under the name Appliance Computing Inc. —… Read More

What’s ahead for the historic UW-China tech school in the Seattle region as it prepares for 1st students

by Nat Levy on July 12, 2017July 12, 2017 at 3:16 pmComment

This fall, the Global Innovation Exchange will welcome its first student cohort, representing the culmination of close to five years of planning, and a first-of-its kind alliance between the University… Read More

Photos

Photos: Qualtrics’ Seattle office has grown so fast it is now the company’s ‘co-headquarters’

by Nat Levy on July 12, 2017July 17, 2017 at 10:50 amComment

Two years after “experience management” company Qualtrics set down roots in Seattle, the office has grown rapidly enough to become its co-headquarters. Close to 200 people work out of the… Read More

Permit filings point to another Amazon expansion in highly visible office building along I-5

by Nat Levy on July 10, 2017July 11, 2017 at 8:13 amComment

Even as Amazon builds out millions of square feet of new offices in the Seattle area to accommodate its rapidly expanding headcount, the online retail giant still appears to be… Read More

Inside the luxury apartments in the $1.2B Lincoln Square expansion: 10-year leases, $25k/month penthouses and a ‘tech concierge’

by Nat Levy on July 8, 2017July 8, 2017 at 9:37 amComment

Kemper Development‘s Lincoln Square and Bellevue Square projects played an important role in Bellevue’s emergence as a city that attracts top tier tech companies and the well-paid employees that come… Read More

Video

Hip-hop star Ryan Lewis using epic 20-minute video to help sell his Seattle home for $7.45M

by Kurt Schlosser on July 7, 2017July 7, 2017 at 1:05 pmComment

Ryan Lewis, the famed DJ and producer who rose to hip-hop fame alongside Macklemore, has busted out on his own to produce Seattle’s must-see real estate listing video of the… Read More

Redfin enters ‘peculiar’ Manhattan real estate market in New York City as it preps to go public

by Nat Levy on July 6, 2017July 6, 2017 at 12:46 pmComment

As Redfin prepares to go public, it is making in-roads in the nation’s most unique and expensive real estate market: Manhattan. Last month, Redfin added Manhattan listings through the Real… Read More

Ex-Amazon manager’s modular, smart housing startup Blokable is raising cash

by Nat Levy on July 5, 2017July 5, 2017 at 2:36 pmComment

Blokable, a Seattle startup focused on manufactured housing, with goals of speeding up production, cutting costs for builders and making a dent in housing affordability, is raising some cash. According… Read More

Redfin data shows more homebuyers making offers without seeing property in person

by Kurt Schlosser on June 28, 2017June 28, 2017 at 2:18 pmComment

The hot housing markets in Seattle and others like it across the U.S. are leading more homebuyers to bypass the traditional concept of actually seeing, in person, the place they’re… Read More

Booming Seattle maintains title as nation’s hottest housing market for 8th month in a row

by Monica Nickelsburg on June 27, 2017June 27, 2017 at 9:32 amComment

Home values in Seattle continued their steady ascent in April, according to the latest Case-Shiller national home price report. Seattle’s residential real estate saw a 12.9 percent year-over-year price increase,… Read More

Zillow threatens architecture critic who runs ‘McMansion Hell’ website over her use of images

by Kurt Schlosser on June 26, 2017June 29, 2017 at 4:25 pmComment

Update: Follow this link for the latest developments on this story. The creator of the popular architecture criticism website “McMansion Hell” took the site down on Monday after receiving a… Read More

Judge partially overturns $8.3M copyright verdict against Zillow, orders new trial

by Monica Nickelsburg on June 23, 2017June 23, 2017 at 2:19 pmComment

A copyright battle between Zillow and VHT Inc. over photographs took a sharp turn this week when U.S. District Judge James Robart largely sided with the Seattle real estate powerhouse,… Read More

Co-working company Industrious expanding to Seattle with new office near Amazon’s headquarters

by Nat Levy on June 22, 2017June 23, 2017 at 7:50 amComment

Another co-working company is coming to Seattle. Industrious, a New York-based company that bills itself as a “high-end” co-working provider, will open its first Seattle location this fall. It will… Read More

Seattle makes list of housing markets with a big increase in the number of million-dollar homes

by Kurt Schlosser on June 20, 2017June 20, 2017 at 9:46 amComment

With a shortage of available homes for sale and bidding wars driving up the price on whatever does hit the market, Seattle is part of an exclusive list of cities… Read More

Report: Facebook-owned Oculus expands Seattle presence with new office lease

by Nat Levy on June 16, 2017June 16, 2017 at 3:50 pmComment

Oculus, the virtual reality company owned by Facebook, has upped its presence in the Seattle area. Citing two sources who did not want to be identified, the Puget Sound Business Journal… Read More

How this tech startup is helping 7 homeowners join forces to sell their properties at a premium

by Monica Nickelsburg on June 15, 2017June 19, 2017 at 7:54 pm1 Comment

In November, Jane and Andy Freeman received an unexpected letter in the mail. A company called CityBldr reached out to notify them that their Shoreline, Wash., home might be worth a lot… Read More

Seattle’s ‘Manhattan moment’: Luxury condo preview is a house party for a changing city

by Kurt Schlosser on June 15, 2017June 15, 2017 at 10:16 am 10 Comments

The Rolls-Royce and the Ferrari parked in front of a real estate sales office in Seattle’s Belltown neighborhood Wednesday night were the first indication that this was no normal “house party.”… Read More

Newly leased Amazon office building in Seattle sells for $330M to German investors

by Nat Levy on June 15, 2017June 15, 2017 at 8:42 amComment

Another Amazon building has sold for big bucks. This time around it’s a building called Midtown21. Amazon announced its lease of the building in November, and now seven months later… Read More

Airbnb cements Seattle presence, establishing permanent office with room for 300 people

by Nat Levy on June 15, 2017June 15, 2017 at 9:57 am1 Comment

Airbnb is putting down permanent roots in Seattle with a major new office that makes the vacation rentals company the latest well-known tech brand to grow rapidly in the region… Read More

Expedia clears major planning milestone in preparation for 2019 HQ move to Seattle

by Nat Levy on June 14, 2017June 14, 2017 at 3:58 pm1 Comment

Expedia just cleared an important permitting milestone with the city of Seattle as it prepares to move the majority of its workforce to its Seattle waterfront campus in 2019. Expedia… Read More

Video

News Brief

Portland approves first wood high-rise building in U.S. with 12-story project called Framework

Sphere of influence: 46-story tower near Amazon campus will have domed top reminiscent of tech giant’s new landmark

by Nat Levy on June 2, 2017July 6, 2017 at 10:57 amComment

They say imitation is the sincerest form of flattery, so Amazon, get ready to be flattered. The idea for the triumvirate of spheres built as part of Amazon’s new Seattle campus… Read More