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A San Francisco-based investor, Felson Cos., has acquired the Hawthorne Apartments in Seattle's Capitol Hill neighborhood for $22 million, marking its second property purchase in the area. The 63-unit mid-rise, constructed in 2001 and currently 95% leased, is set for renovations to enhance its value. This acquisition reflects Felson's strategy of investing in multifamily real estate during a favorable market cycle.
The upcoming public notices event in Seattle on September 1, 2025, highlights critical municipal issues, including utility discounts and scholarships, aimed at enhancing community livability. This initiative, organized by the municipal clerk's office, addresses vital concerns for residents, especially in the realms of education and local governance.
Seattle Youth Traffic Court is set to address moving violations involving youth, emphasizing the importance of auto safety and responsible driving. This event, taking place on September 1, 2025, will involve local prosecutors and aim to educate young drivers about traffic laws and consequences. By focusing on community engagement, the program seeks to reduce traffic violations among youth in Seattle.
The "Digital Equity Grant Opportunities" event in Seattle aims to enhance access to technology and education, fostering lifelong learning and employment opportunities. This initiative emphasizes investment in non-profit organizations and the education sector, addressing critical issues of digital equity and community development. Attendees will gain insights into available grants designed to promote equitable access to technology across the region.
The Washington State Senate convened for a significant floor debate on February 7, 2024, which has sparked considerable discussion on social media, particularly among right-wing commentators reacting to Senator Pedersen's explanations of state law. This event highlights the ongoing tensions in Washington politics and the impact of legislative discussions on public discourse.
Landmark Event Co. plans to transform the historic KeyBank building in downtown Seattle into an event space named "Centennial," opening in 2026. The company, led by CEO Dru Agarwal, aims to preserve the building's character while expanding its venue portfolio, which includes notable locations like The Ruins and Pier 70. The acquisition, completed for nearly $1.96 million, reflects a growing trend in Seattle's unique event spaces.
Joann, the craft retailer, is set to close 21 stores in Washington state as part of a broader bankruptcy strategy, affecting nearly a third of its locations nationwide. The closures come after the company filed for Chapter 11 bankruptcy protection for the second time in a year, prompting significant rightsizing efforts to stabilize its operations.
John Melby, the longtime president of Kemper Development Co. in Bellevue, is retiring after 35 years, with John Carlson set to succeed him. Melby has played a crucial role in the company's growth and recovery from challenges like the COVID-19 pandemic, while Carlson brings a wealth of experience from his prior roles in government and media.
The Tacoma Trax apartment project is set to resume construction after overcoming financial hurdles, including a recent foreclosure. The updated plans will nearly double the number of units from 115 to 202, significantly impacting the housing landscape near the Tacoma Dome.
Blue Origin, the rocket company founded by Jeff Bezos, will be laying off 10% of its workforce, impacting approximately 1,400 employees across engineering, research and development, and project management. CEO Dave Limp stated the layoffs aim to reduce bureaucracy and refocus the company after rapid growth. The decision follows the successful launch of Blue Origin's New Glenn rocket, marking a significant milestone in its competition with SpaceX.