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Real Estate Buzz
 Joe Nabbefeld Real Estate Editor |
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December 12, 2002
Real Estate Buzz: 'Blue flame' may get $45M rehab for UW
By JOE NABBEFELD
Real Estate Editor
Real Estate Editor
John Finke, the National Development Council representative in Seattle who put together non-profit conduits for developments such as King Street Center and the Pacific Place parking garage, is in on the University of Washington's intended lease of Vulcan Inc.'s "blue flame" building.
Documents provided to UW regents last month state that Vulcan's City Investors XII would issue a 35-year ground lease to a new National Development Council non-profit named Washington Biomedical Research Properties-I, or WBRP-I. The rent would start at $4.5 million a year, the documents state.
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Previous columns:
- Real Estate Buzz: NW College buys Kirkland building, 12-05-2002
- Real Estate Buzz: The slow market through bankers' eyes, 11-21-2002
- Real Estate Buzz: City People's remake rankles Capitol Hill, 11-14-2002
- Real Estate Buzz: Children's may take Touchstone space, 11-07-2002
- Real Estate Buzz: Move over, EMP; Kent's got the ENP, 10-31-2002
- Real Estate Buzz: CMC Heartland tries another Fife buyer, 10-24-2002
- Real Estate Buzz: FEI goes into down-market hibernation, 10-17-2002
- Real Estate Buzz: United Way completes half its deal, 10-10-2002