As Featured in the Seattle Daily Journal of Commerce
Written by Staff
"Condo auctions have been common over the last year in Seattle as the market has tanked. At Gallery in Belltown starting bids were as much as 58 percent off the previous price. Dean Jones of Realogics Sotheby's International Realty said 44 Gallery condos sold at an average of 32 percent off their original list prices. Boston-based Beacon Capital Partners bought the former Union Bank of California Center in 2004 for $100.7 million."