Tuesday, October 3, 2017 / by Leneya Ludwick
Seattle Times business reporter
Less than a month after opening up a hunt for a second headquarters, Amazon has agreed to expand in Seattle in a big way.
The company confirmed Tuesday it has signed a lease to take over the entire office portion of a planned downtown skyscraper called Rainier Square that will become the second-tallest building in the Pacific Northwest.
Even by Amazon’s standards, the expansion is massive: Rainier Square will be among the company’s biggest office buildings when it opens as soon as 2020, with room for more than 3,500 additional employees.
Amazon will occupy about 722,000 square feet in the Rainier Square development, which is in the early stages of construction. No other company in the city has an office that large.
Amazon has been scooping up offices on a regular basis for years. It already takes up nearly 20 percent of a ...
Tuesday, September 26, 2017 / by Leneya Ludwick
A little house surrounded by Horsehead Bay
BY TOM TRIMBATH@TETRIMBATH
Waterfront is better when the water does more than border one side of the property. A little 664-square-foot cabin sits on a point in Horsehead Bay where the water wraps around the house, and the house gets views up and down the shore.
It’s a classic cabin: wood-paneling, a brick fireplace, period fixtures, and a prime location that was easier to get back when it was built in 1945. The cabin is one of the originals for the area. The best lots go first, and have the best chance at keeping their value because the views don’t change. Broad windows make sure those views and a constant reminder of place.
Inside, a basic kitchen has yet to be replaced with today’s ubiquitous stainless steel and granite, plus a bedroom and a bathroom. They provide the basics while creating a relaxing retreat.
The dec ...
Monday, September 18, 2017 / by Leneya Ludwick
Chicago Tribune (TNS)
CHICAGO — When John Gedwill’s family outgrew its suburban Chicago home, he didn’t consider looking for a bigger place. His memory of the housing crash a decade ago was still too fresh.
“Real estate isn’t the greatest investment,” said Gedwill, an electrician who lost money on a condo during the crash and watched many people go through similar experience
So instead of shopping for a new house, Gedwill decided to build what he calls “a man cave” in the basement of the three-bedroom home he bought eight years ago.
“If you can stay in the same place, with the same mortgage, that’s the way to do it,” Gedwill said as he and his two teenage sons shopped for lumber for a project aimed at making their home more comfortable for the six-person family. “You just add on when you can afford it.”
Gedwill’s mindset is common among those who owned ...
Thursday, September 14, 2017 / by Leneya Ludwick
Lionel Pries waterfront mansion lists at $2.6M
With a quarter acre of indoor space, a bar, and a bell tower
BY TOM TRIMBATH@TETRIMBATH SEP 14, 2017, 10:44AM PDT
Courtesy of Joe Sanchez and Associates
Here’s a proper mansion. Its interior is bigger than most city lots, at 10,152 square feet—just shy of a quarter acre indoors. Outdoors, the estate covers more than eight acres and stretches along 500 feet of Hood Canal shoreline.
As if the house wasn’t big enough, there’s also a chauffeur's apartment, a guest cottage, and another three bedrooms in a gate house. Give it style, thanks to a Lionel Pries design built for a Colonel Julian Wilcox in 1936. Errol Flynn, Spencer Tracy, and Jo ...
Tuesday, June 27, 2017 / by Leneya Ludwick
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, making it the nation’s fastest-growing city for home prices for the eighth month in a row.
Seattle isn’t the only Northwest city with a red-hot housing market. Portland’s home prices are the second fastest-growing in the country, with year-over-year gains of 9.3 percent in April.
Both Seattle and Portland far outpaced national home value increases which saw an annual gain of 5.5 percent in April.
Seattle homebuyers can cross their fingers for a summer slowdown, but more recent data from Zillow suggests the rapid gains will continue. The real estate database (which also happens to be based in Seattle) released a report for May that showed home prices in Seattle proper increasing by 14.5 percent year-over-year. In the broader Seattle me ...