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Home : Blogs : Sam DeBord - Seattle Real Estate Broker : Sam DeBord - Seattle Waterfront Real Estate - SeattleHome.com

Russell Investments Moves to Seattle, Purchases WAMU Center Commercial Real Estate

The newest company to join the Seattle skyline is Russell Investments, formerly of Tacoma, WA. Known for it's industry-standard Russell 1000 and Russell 2000 indexes, the company is well known by investors and institutions across the country. They manage around $150 billion in funds and assets for large institutions and conglomerates.

One of Russell's biggest factors in the decision to move was the availability of inexpensive commercial real estate in downtown Seattle. The WAMU center, assessed for $300 million, was sold by Chase to Russell for just $115 million. The building has been largely empty since Chase took over WAMU operations, but is a prime piece of real estate downtown.

There's always a possibility that these new 900 business-people moving to the Seattle market will give us another small jolt of residential real estate sales over the next year. Tacoma is in the same metro technically, but anyone who has commuted from Tacoma to Seattle knows that it can't last long.

Good luck to the folks from Russell Investments, and welcome to our city. We look forward to a long, fruitful partnership.

© SeattleHome.com: - Sam DeBord, Managing Broker, Realtor
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
Twitter | Facebook | LinkedIn | Google + | Sam (at) SeattleHome.com

206.552.8820

Current Listings: Homes For Sale | Condos | Waterfront | Luxury Homes | Bank-Owned

Posted by Sam DeBord - Seattle Real Estate Broker on 09/10/2009 11:00 PM

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This post has been included in Washington Real Estate News King County, WA Real Estate News Seattle, WA Real Estate News
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Sam DeBord - Seattle Real Estate Broker

Seattle, WA

More about me…

SeattleHome.com -Coldwell Banker Danforth

Address: 222 Wall St #100, Seattle, WA, 98121

Cell Phone: (206) 658-3225

Email Me

2009 $10MM+ Sales

Top 10 King Co. Sale

Managing Broker

Realtor

206-658-3225

Seattle Waterfront Homes - Seattle Real Estate news, including waterfront homes, water view homes, floating homes, and houseboats.

Sam DeBord and Brian Wiegand
SeattleHome.com
Seattle Real Estate Brokers
Coldwell Banker Danforth
(206) 658-3225

Seattle Homes For Sale
Bellevue Homes For Sale

© Seattle Homes, LLC: - Sam DeBord, Managing Broker, Realtor Coldwell Banker Seattle: Coldwell Banker Danforth & Associates Twitter | Facebook | LinkedIn | Google + | Sam (at) SeattleHome.com

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