Westlake Center in Seattle to go up for sale
Puget Sound Business Journal reports: Westlake Center, a downtown Seattle landmark shopping center, will be put up for sale next week, according to minority owner Steve Koehler.
With Seattle the top real estate investment market in the country, “It should generate very good interest. It’s just a matter of trying to figure out who has got the capital sources to handle the transaction,” said Koehler, who describes his ownership stake in the property as “very, very minor.”
But Westlake Center could fall victim to being in the right place at the wrong time.
“Even on a national basis, there’s been so little activity, said Chamberlin, citing a recent report by research and consulting firm Real Capital Analytics that shows retail investment sales are down 80 percent in the third quarter compared with last year.
View the full article on Puget Sound Business Journal: Westlake Center in Seattle to go up for sale
Posted by: Nina Turner