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Default on Skyscraper Punctuates Dreary Outlook for Commercial Construction in Seattle

By Stoel Rives on March 26, 2010
Posted in Real Estate, Real Estate Finance

It is no secret that the commercial real estate market has been one of the biggest losers of the great recession. Seattle is no exception and as if to belabor the point, it has been reported this week that Beacon Capital Partners, the owner of Seattle’s icon skyscraper, the Columbia Center, missed its $1.65 million…

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