Posts tagged Bellevue
Performing Arts Center Eastside Gains Traction

Over the past few years, Bellevue has emerged in the tech spotlight, with long-time giants such as Microsoft and the recent announcement by Amazon of a relocation to the Eastside. A new effort to build the Performing Arts Center Eastside (PACE) could add to the innovation with an immersive, cutting-edge approach to the concept of the performing arts center. The project has been in planning for decades but new CEO Ray Cullom is breathing new life into it - they have now raised $123 million of the estimated $200 million it will take to fund the project.

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T-Mobile Unveils New Testing Center at Launch Pad

After months of secrecy, T-Mobile has unveiled a new 20,000 square foot testing lab inside the Launch Pad, company’s innovation and testing facility. GeekWire recently toured the facility, which employees roughly 200 workers that test the function and durability of a range of devices, from smart homes to iOT gadgets.

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Seattle-Bellevue Market Update | June 2019

There is a nationwide phenomenon of home price gains slowing nationwide.  “Home price gains continued in a trend of broad-based moderation,” says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. “Year-over-year price gains remain positive in most cities, though at diminishing rates of change. Seattle is a notable exception, where the YOY change has decreased from 13.1% in April 2018 to 0.0% in April 2019.

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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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Many King County Cities See Smaller Property Tax Bills

Tax season is here and homeowners in the region are receiving their property tax bills in their mailboxes. Following years of double-digit increases for homeowners, many are feeling a welcome relief this year, as Seattle Times reports that approximately half of the cities in King County are seeing a slight decrease compared to last year’s rates.

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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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