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This is a topic I try to avoid - the Bill and Melinda Gates Foundation. Wow. Don't get me started. Let someone else go after it and I'll link to it.

Bill Gates lives in a billion dollar house, and he's building a five hundred million dollar headquarters for the Foundation arm of his financial empire in downtown Seattle. He lives large, and gives large.

Bill And Melinda Gates Give $350-Million to Their Foundation- Chronicle of Philanthropy

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From seattlebubble.com:

The story printed in the Seattle Times portrays a starry-eyed, helpless group of individuals that were taken advantage of by a slimy real estate agent (who is inexplicably not named by the Times), shady lenders, and overzealous salespeople. The “angle” on the Times story is clear: Danil Kasimov and the others listed in the suit against Bellevue Towers are unwitting victims. It would appear that Nancy Bartley, the author of this article, had a story in mind that she wanted to tell, and did not bother to even spend 30 minutes researching the supposed victims online and in public records.

Danil Kasimov and the others involved in the lawsuit against Bellevue Towers may have a valid legal case, or they may not. But when we are given a more complete picture of the individuals involved in this story, it becomes clear that it is not as cut and dry as the Seattle Times has made it out to be. In reality, it would appear that everyone in this story likely attempted to victimize everyone else, and in...

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Ultra-lux condo project's buyers emerge in public records

The just-finished Four Seasons project in downtown Seattle won't identify most of its wealthy condo residents, but property records show they range from a Las Vegas animal-rights activist to retired Nordstrom co-chairman John McMillan.

By Seattle Times business staff, Rami Grunbaum, deputy business editor, and Seattle Times Business staff

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Here's a story you're not going to see at Wendy Leung's Seattle Condo Review:

The corner of Denny and Dexter represents the latest outbreak in an epidemic of uninspired developments destined to pollute our landscape for generations.

Huge slabs of cheap textures, tastelessly reminiscent of the Eastlake Azteca’s color scheme and suspiciously similar to the puke yellow façade of the nearby Pan Pacific Hotel blot the landscapes of Belltown, Ballard, and now this regretful Regrade plot. Normally, building over a former strip club counts as an improvement--here we can’t be so sure. All the strippers can’t be ugly all the time, but the same can’t be said for what’s replaced them.

Overpaying for an ugly box isn’t reprehensible, it's "downtown living.""

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Update 09-03-2008

JPMorgan Sells Sidney Apts. for $40.7M

Video Game Developers Buy 128-Unit Complex in Seattle

JPMorgan Asset Management sold the 128-unit Sidney Apartments in Seattle to Ken and Roberta Williams, the founders of video game developer Sierra Entertainment, for $40.75 million, or about $318,000 per unit.

The six-story building delivered in 2000 at 400 Wall St. in Seattle's Belltown/Denny Regrade area. It is comprised of five studio apartments, 105 one-bedroom units and 18 two-bedroom units.

Jeff Williams of Moran & Co. listed the property.

Written by Travis J Winn


Please see CoStar COMPS #1572918 for more information regarding this transaction.

 

Update 08-22-2008
The good folks at Belltown's Sidney Apartments told me that the new owners, Ken and Roberta Williams, will be coming to Seattle to tour the premises on September 1. Gurus and pioneers of the computer industry, they retired in 1996 after Sierra, producer of "Leisure Suit Larry" and other smash hits of the early PC gamer days,...