Posts in Technology
Microsoft Makes Progress on Multi-Billion-Dollar Renovation

Microsoft has undertaken a multi-billion-dollar renovation of their Redmond headquarters, which will add another 2.5 million square feet of office space to the campus and easily accommodate 8,000 more employees. The project broke ground in January 2019 and it’s ambitious. Puget Sound Business Journal says, “the upgraded campus will include a two-acre plaza with room for 8,000 to 12,000 people for meetings and events, soccer and cricket fields, an underground ‘smart’ parking facility and a pedestrian and cyclist bridge over Highway 520 connecting the company’s East and West Redmond campuses.”

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Richard Chandler Boosts Investment in Electric Aerospace Technology

Back in May, I looked at a growing trend in our region: the electric aerospace industry. At the time, local companies such as Magnix and Zunum Aero were raising capital for research in electric aviation and experts estimated that there were roughly 100 global companies developing electrically propelled aircraft. The Puget Sound region could soon see further advances in the industry, as billionaire Richard Chandler is backing Redmond-based Magnix with a sizable investment.

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Expedia Employees will Descend Upon Seattle this Fall

Years after the official relocation announcement, Expedia’s move to Seattle is drawing ever closer, with some employees expected to start work in Interbay this fall. That figure will balloon to 4,500 employees by February 2020, when all Expedia workers are fully relocated. A large concern for Seattleites and commuters is the traffic impact, but as Seattle Times reports, the new office “will be an oasis for employees who want to avoid driving to work, offering private shuttles, plentiful bike amenities and cash for every day they don’t drive.” There is a parking structure for those that are committed to automobile use, which will accommodate 2,300 vehicles with room for expansion.

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Biotech is Coming to South Lake Union

The biotech presence in South Lake Union is set to grow, as Puget Sound Business Journal reports that Alexandria Real Estate Equities plans to construct an office and research building—with a $76.5 million price tag—at 1150 Eastlake Avenue East. The project will comprise 12 stories and 303,000 square feet and is one of four projects Alexandria is planning in the region.

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Electric Planes are in the Puget Sound’s Future

Puget Sound Business Journal reports that the electric aerospace industry is growing, as local companies such as Magnix and Zunum Aero are “fighting to raise money and counter critics of emerging electric aviation technology, which could revolutionize short-haul aviation and revive regional air travel.” Experts estimate that there are roughly 100 worldwide companies developing electrically propelled aircraft and though many of the projects are in very early stages, “airline executives are lining up to buy them, lured by the promise of lower operating costs, bigger profits and much lower to zero emissions.”

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Smart Home Features That Add Value

Smart home technology is a growing trend, with nearly half of American households now implementing at least one form o the technology. As Realtor.com outlines, these products can make our homes a better place, saving us “money, time, headaches, and other hassles.” Below I’ve re-capped their top five reasons to “go smart.”

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Real Estate Investors Target Innovation Economies

According to a recent study by JLL, real estate investors are putting their money into cities with strong technological economies: GeekWire reports that the study “finds a correlation between the real estate investment dollars spent in a community and the strength of its innovation economy.”

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Onni Group Shares Images of Massive Project Coming to Bellevue Skyline

In February 2019, Onni Group made their first real estate purchase on the Eastside, with the acquisition of a four-acre site in downtown Bellevue—currently home to a church and Barnes & Noble store—for $116 million. On Thursday, March 14th, the company provided the first set of publicly available images for a large-scale mixed-use project it plans for the area, which, according to Puget Sound Business Journal, will comprise “three 600-foot-tall towers totaling 1,289 residences, 896,000 square feet of office space, 317 hotel suites and 2,318 underground parking stalls.”

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The Eastside Continues to Emerge as a Tech Hub

As a recent Puget Sound Business Journal article put it, “The Eastside office market has FANGs.” However fitting, they aren’t referencing the region’s sharp teeth; they are talking about a group of tech titans: Facebook, Amazon, Netflix and Google.

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