NEW STADIUM: PUZZLE COMPLETE

Small building, big deal: When we met Quantum Group's Sonny Kwan at the Bisnow's Future of Downtown event in February, he hinted to us that he had a few big things in the works.
This week, we learned about one of them: he brokered the sale of 1534 1st Ave South to Chris Hansen's group, WSA Properties II, recorded yesterday afternoon. This was one of the parcels Chris needed to build an NBA/NHL stadium just behind Safeco Field's parking garage. He's already accummulated what he needs but may continue buying land in the area anyway.
Here's Sonny, who with partner Patrick Ross repped the seller,restaurant supply magnate John Kazdal (the brains behind South Lake Union's delicious Blue Moon Burgers); he purchased 1534 back in '94. At $4.25M, Chris paid four times more for the 0.41-acre parcel than John paid 18 years ago.

Continue reading this story with a free account

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

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire