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Indoor farming startup shutters Marysville facility as funding dries up
An indoor farming startup has closed its Marysville facility due to financial difficulties despite previously raising substantial funding. The company cited challenges in securing ongoing financial support as the primary reason for the shutdown.
Zillow to lay off more than 500 employees
Zillow has announced plans to lay off over 500 employees, which accounts for more than 7% of its workforce. This decision reflects ongoing challenges within the online real estate sector.
Bellevue firm buys First Hill property in its largest acquisition to date
A Bellevue firm has completed its largest acquisition to date by purchasing a property in First Hill. Since its launch in 2021, the firm has acquired 14 properties and aims to invest in assets that are priced below market value.
In a race for data center dominance, Microsoft's real estate footprint jumps again
Microsoft has significantly expanded its real estate footprint, now owning 41 million square feet and leasing an additional 24 million square feet across the U.S. This growth is part of the company's strategy to enhance its data center capabilities. The expansion underscores the increasing demand for data storage and processing infrastructure.
Under new ownership, Edgewood Town Center project swaps density for feasibility
The Edgewood Town Center project has undergone significant changes under new ownership, prioritizing feasibility over initial density plans. This long-anticipated development is moving closer to realization after a major redesign and reductions in scope.
Office building in struggling Bellevue submarket sells for above assessed value
An office building in Bellevue's I-90 corridor has sold for more than its assessed value, despite the area experiencing a vacancy rate exceeding 40%. The property attracted multiple bidders, indicating continued interest in the submarket.