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REA
May 01, 2019  

Blackstone Poised to Buy Seattle Skyscrapers

Blackstone is in talks to purchase two downtown Seattle office towers from Ivanhoe Cambridge for about $1.3 billion, setting the stage for one of the biggest trades in the city’s history.The deal would involve 1.9 million square feet of Class-A office space, pegging the valuation at just under $700/sf. The properties are the 985,000-sf Wells Fargo Center, at 999 Third Avenue, and the 944,000-sf U.S. Bank Centre, at 1420 Fifth Avenue.The...


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