SEATTLE (AP) –The family of Amazon CEO Jeff Bezos is donating $20 million to the Fred Hutchinson Cancer Research Center.
The Seattle cancer center says the money will be used to support development of novel cancer immunotherapies. The work involves using genetically modified human T cells to treat cancer.
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While Amazon is accused of squeezing out brick-and-mortar retailers,its development in downtown Seattle is having quite a different impact,according to a new report.
Amazon now has 3.4 million square feet of office space downtown,accounting for nearly three-quarters of the area’s net absorption since 2011,“and its growth shows no signs of slowing,”real estate information companyCoStar Group wrote. “Between projects underway,in planning,and leases yet to be finalized,Amazon’s downtown Seattle footprint could easily eclipse 8 million square feet by forecast’s end.”
Amazon now has an estimated 18,000 local workers,with the potential to add 22,000 more over the next five years,according to the report.
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At South Lake Union’s Denny Substation,Seattle City Light is merging electricity with art.
On a recent grey Tuesday morning,it looked like any old gravel parking lot. Those who’ve been around the historic Cascade neighborhood awhile will remember the spot as the old Greyhound bus station,but the bus station itself has now been razed,making way for Seattle City Light’s first new substation in 30 years.
The Denny Substation’s physical purpose will be to meet the growing electrical demands of South Lake Union,but it will also be serving another,more community-driven purpose. On Friday,the city’s Office of Arts and Culture announced ALL RISE,a year-long series of performances and temporary art installations at the Denny site,led by Portland,Ore.,curators Meagan Atiyeh and Elizabeth Spavento.
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The tusk is currently on display at the Burke Museum,and they’re seeking the help of the public to name the fossil. Education Program Manager at the Burke Museum,Andrea Michelbach drops by to give us more information!
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Continue reading “2014 Fremont Troll Stroll set for April 21”»
Vulcan Real Estate officials said Thursday they have sold the Institute of Systems Biology (ISB) office/lab building in Seattle’s South Lake Union area to Kilroy RealtyCorp. for $106.1 million.
The per-square foot price works out to $755. The Puget Sound region per-square-foot record is $749, though that was for an all-office building thatAmazon.com leases at 202 Westlake Ave. N. The ISB building at 401 Terry Ave. N.,is about a block north of 202 Westlake.
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Amazon is negotiating to lease all of 635 Elliott Avenue West,a vacant Seattle waterfront office building that’s far afield from the technology giant’s South Lake Union headquarters campus,according to people familiar with the discussions.
Neither Amazon nor the building’s owner,Martin Selig Real Estate,responded to requests for comment Friday on the lease negotiations.
635 Elliott Avenue West,at the foot of Queen Anne Hill,hasn’t had a tenant since it was completed in 2010. But now it’s one of only two buildings north of the downtown core with empty contiguous space of more than 100,000 square feet,brokers say. The other is 5th &Bell,a building Amazon also is said to be close to leasing.
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From the Oregonian
Seattle’s South Lake Union District has become the hottest real estate area in the Northwest as the city’s downtown expands northward. Building projects by amazon.com and Paul Allen’s Vulcan Inc. have brought many job opportunities to the area.
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Houseboat owners on Lake Union and other state waters would be able to stay in their homes if a Senate bill passes.
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Rental rates are creeping up in Seattle’s South Lake Union neighborhood,surpassing prices in even some of the hottest neighborhoods in San Francisco.
According to an analysis by online real estate company Trulia,the median rental price per bedroom in South Lake Union comes in at a whopping $2,248. That makes it the most expensive area in Seattle’s downtown core. And,as the map above shows,it even tops some of the hot spots in San Francisco like Noe Valley and the Mission.
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