WeWork, an international co-working space provider, is greatly adding to its Emerald City footprint, as a recent report by Colliers International reveals that WeWork signed the two largest leases in Seattle in the second quarter of 2018, securing 120,000 square feet of office space at Metropolitan Park East, and an additional 115,000 at 1201 3rd Avenue. Seattle ranked tenth on the list of the nation’s top office markets, but its performance is quite stellar given the strength of WeWork and e-commerce giant Amazon.
Read MoreExciting news came from Google on August 14th, as Puget Sound Business Journal broke the story that the search engine giant is working with Vulcan Inc. to build a fifth office building for the company in the fast-growing South Lake Union neighborhood where it already has four in construction. The new building will stand 12 stories tall and complement the “Lakefront Blocks,” which will top 607,000 square feet of office space with apartments for rent.
Read MoreThe Sotheby’s International Realty® brand’s YouTube channel reached an unprecedented milestone recently, as the brand became the first—and only—real estate company channel to have more than 100,000 subscribers. Along with leading the industry’s presence on YouTube, the Sotheby’s International Realty brand joins an elite group—out of 50 million channels on the platform, only 0.1% have reached 100k subscribers.
Read MoreUpon the announcement that Amazon was on the hunt for a second headquarter location, many wondered what impact a new city would have on the company’s presence in Seattle. And as recent activity from the retail giant has shown, it is definitely not slowing things down. According to reports, Amazon “has increased its forecast for the size of its campus in Seattle by about 2 million square feet, the equivalent of three additional skyscrapers,” which means the company will occupy nearly 14 million square feet of office space once current and planed projects are complete.
Read MoreIn a speech given at the Sheraton Hotel in Seattle recently, John Schoettler, the real estate chief at Amazon, offered some logistical insight regarding the company's selection process for their second headquarter location, this just days after the tech giant narrowed their list of candidates to 20 cities primarily in the U.S.
Read MoreOn January 22nd, the Amazon Go grocery store opened in downtown Seattle, as a crowd of people lined up to be among the first to experience the new retail store. As GeekWire reports, Amazon Go "redefines the concept of 'grab and go' - letting customers take items off the shelf and walk out without going through a traditional checkout line or register."
Read MoreThe Amazon Spheres are set to officially open to employees on January 30th, the culmination of a project five years in the making. As GeekWire reports, "the three glass orbs and the busy work around them have proven to be an intriguing element tied to Amazon's rapid growth in the city."
Read MoreIn a recent Wall Street Journal article, Sybil Patrick says “the clues were there for months” yet she didn’t put them together: the locks to her vacant brownstone in Harlem had been changed and possessions were moved around with seemingly no explanation. Finally, she discovered that “the house had been sold, without her knowledge, about a year earlier for roughly $750,000.” Using documents available online, cyber criminals managed to steal Ms. Patrick’s identity and sell the home, an increasingly common crime, as there are now approximately 120 cases under investigation in New York alone.
Read MoreA recent CNBC article asks its readers, if they are wondering how Amazon will impact the city it chooses for its second headquarters, then “just take a look at its presence in the Seattle metropolitan area.” The Emerald City no doubt continues to feel the impact of tech companies within its thriving Silicon Forest, most notably with Amazon, whose footprint is now at nearly 14 million square feet, enough to fill five Empire State Buildings.
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