Originally published October 12, 2006 at 12:00 AM | Page modified October 12, 2006 at 5:46 PM
E-mail article
Print
ShareOriginal Microsoft campus sold for $38.6 million
HAL Real Estate Investments of Seattle said Thursday it sold the original Microsoft campus in Bellevue for $38.6 million to CB Richard Ellis Investors.
Seattle Times staff
HAL Real Estate Investments of Seattle said Thursday it sold the original Microsoft campus in Bellevue for $38.6 million to CB Richard Ellis Investors.
The 135,000-square-foot Corporate Campus East, near Interstate 405 and State Road 520, is part of a seven-building office park built from 1981 to 1984. Microsoft remains a major tenant, along with IKON, Wood Harbinger and Re/Max.
CB Richard Ellis Investors said it is buying the property on behalf of a pension fund that it declined to name. CBRE Investors of Los Angeles has $23 billion in assets under management worldwide and plans to grow to $55 billion within five years, with more purchases planned for the Pacific Northwest, said John Strockis, director of West Coast acquisitions.
"We like the health of the economy, the limited availability of space, and the chance to grow rents," Strockis said.
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
More Business & Technology headlines...
911 audio: Caseworker reports Josh Powell's house on fire with children inside
911 audio: Sister of Josh Powell reports disturbing emails
Chuck Cox reacts to Powell home fire, death of his grandsons
Sheriff's update: Josh Powell spread gasoline in home fire, sent goodbye emails
Don Bateman, inventor of Ground Proximity Warning System
Pierce County sheriff reacts to Powell home fire
Price of Protection: A victim speaks out
Price of Protection: Inside the Special Commitment Center
Price of Protection: Unchecked costs of locking away sex predators
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
Open Houses
|
Find all open houses.
|
nwautos
Are you one of the many hanging onto their old beater? Or do you just love that new-car smell? When did you last purchase a vehicle? Take our poll or....
Post a comment
- Agency set to investigate handling of 911 call about Josh Powell
- Proposal to link Market, aquarium may be too ambitious for Seattle
- Chilling 911 tapes reveal pleas for help to go to Josh Powell home
- UW's Shawn Kemp Jr. makes own way despite familiar name, number | Steve Kelley
- State Medicaid program to stop paying for unneeded ER visits
- NBA's David Stern open to league returning to Seattle
- Prosecutor: Powell's final act ends doubt he killed wife
- Was idea of court-ordered test too much for Josh Powell?
- Local aerospace suppliers say they feel squeezed by Boeing
- California gay-marriage ruling may affect Washington
- Gay-marriage bill passes House, awaits Gregoire's signature
393 - Historic day for gay marriage as another fight looming 338
- Sheriff's office unhappy with 911 dispatcher in caseworker's call 275
- 3 big health insurers stockpile $2.4 billion as rates keep rising 215
- Gay-marriage ruling may affect Washington or Prop. 8 ruling could reach into Washington 210
- Source: NY, California to sign mortgage settlement 180
- Study shows link between payroll and wins not as big as before, but teams like Mariners still face bigger obstacles than others 113
- Lakewood cop accused of taking donations for slain officers' families 103
- Pac-12 picks ... including the UW game 92
- Department of Justice owes the Seattle Police Department an apology 77
- State Medicaid program to stop paying for unneeded ER visits
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Here it is: The secret to stir-fried chicken | Taste
- Local aerospace suppliers say they feel squeezed by Boeing
- Dicks channeled federal money to Puget Sound project his son ran
- Buttoned Up: Nine immutable laws of time management
- 'Gauguin and Polynesia': dazzling mix-and-match | Art review
- Happy Hour: French-accented charm at Gainsbourg
- Gay-marriage bill passes House, awaits Gregoire's signature
- One man's audacious pursuit of sailing history
