Zara founder, Amazon spend big on Seattle housing
A couple of heavy hitters made significant, though disparate, investments in Seattle-area real estate last week. First, Pontegadea, the realty group owned by the founder of the fast fashion chain Zara, Amancio Ortega, bought the Kiara skyscraper at 111 Terry Avenue North in Seattle for $323 million,
Rotem Rosen lands $170M construction loan for Billionaires’ Row condo
Rotem Rosen and his development partners just gave their condo project near Billionaires’ Row a shot of adrenaline. Rosen, Indian billionaire Anand Mahindra and Israeli developer Zahi Hagag landed a $170 million construction loan from Bank OZK for their development at 126 East 57th Street, The Real
Strong November hiring reported in real estate industries
Hiring in industries that benefit real estate continued apace in November, as the economy appeared to stave off a recession — at least for now. Restaurants, bars and hotels led the leisure and hospitality sector to a seasonally adjusted gain of 88,000 jobs last month, while employment in constructio
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