News
National Commercial Real Estate

Seattle’s Tallest Tower Set to Fetch $700M

Beacon Capital Partners purchased Columbia Center for $621M in 2007, a then record-setting price for a single Seattle office building. Reports have emerged that they may be looking to cash out on Seattle’s tallest tower. Now, according to Bloomberg, Hong Kong-based property investment firm Gaw Capital Partners has agreed to buy the building for more than $700M. Columbia Center has about 1.5M SF and is currently at 87% occupancy. Both sides declined comment on the potential deal. [BB]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy