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Real Estate

2 running to replace term-limited incumbent

EVERETT — Snohomish County Assessor Cindy Portmann’s chief deputy is competing with a private real estate appraiser to take over her job next year.Voters will get to chose a successor for the term-limited incumbent Nov. 3.

Date: 09/28/2015 | Local News

How to sell a feeling

'Jedi Realtor’ is a keynote speaker at Everett Fall Home Show

Date: 09/24/2015 | Home and Garden

Briefs: Lynnwood real estate agent recognized

Lynnwood real estate agent recognizedCarrie Foley of Berkshire Hathaway HomeServices Northwest Real Estate in Lynnwood has been honored with the 2015 Five Star Real Estate Agent Award from Five Star Professional. Winners are selected for their commitment to...

Date: 09/22/2015 | Bizblog

Fire District 4 to sell land that’s no longer needed

SNOHOMISH — The local fire district is looking to sell nearly 5 acres of land.Snohomish County Fire District 4 in Snohomish has owned the property along Old Snohomish Monroe Road for more than a decade, Chief Ron Simmons said.

Date: 09/17/2015 | Local News

San Francisco investment firm buys Everett retail strip for $22.5 million

A real estate investment firm paid $22.5 million last month for most of Everett Village Center, a retail strip occupied by big brand-name tenants adjacent to Everett Mall.The reported sales price was $5.29 million less than the asking price.

Date: 09/09/2015 | Bizblog

Apartment complex in Everett unlikely to be halted by lawsuit

EVERETT — Everett's newest apartment building, Potala Place and Farmer's Market, is at the center of a federal agency's lawsuit against a local developer for alleged fraud. But the outcome of the court case likely will have little immediate effect on downtown development.

Date: 09/06/2015 | Local News

Lobsang Dargey company denies wrongdoing in alleged fraud

EVERETT — An Everett developer accused by federal authorities of defrauding foreign investors is keeping quiet. But one of Lobsang Dargey's companies, Path America, issued a public statement...

Date: 09/01/2015 | Local News

Pending home sales rose modestly in July

WASHINGTON — Slightly more Americans signed contracts to buy homes in July, as pending sales edged up after dipping in June.

Date: 08/28/2015 | Business Wire

Feds: Developer of big Everett project skimmed investor money

EVERETT — The developer of a hotel, apartment complex and farmer's market in downtown Everett is under investigation by the federal government for allegedly bilking overseas investors out of...

Date: 08/24/2015 | Local News

SEC: Bellevue developer bilked investors on Seattle, Everett projects

SEATTLE — The Securities and Exchange Commission filed a complaint and sought a restraining order Monday against the head of an investment firm, saying he bilked more than 250 Chinese investors out of millions of dollars on two real estate projects — a skyscraper in downtown...

Date: 08/24/2015 | Northwest

Single-family home construction surges

WASHINGTON — U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.Housing starts in August rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department...

Date: 08/18/2015 | Business Wire

Home sales, prices rising

Steady job growth, lack of buildable land overwhelm availability

Date: 08/13/2015 | Business

Hotel industry supplier Electric Mirror to expand in Everett

EVERETT — Electric Mirror, a high-end supplier for the hotel industry, has outgrown its home in an industrial park adjacent to Paine Field.The

Date: 07/31/2015 | Business

Don’t blame economy: More millennials living at home

The economy might be recovering, but millennials are increasingly living with their parents, one survey says.According to the report released Wednesday by the Pew Research Center, the nation's 18- to 34-year-old population is less likely to be living independently of their...

Date: 07/29/2015 | Business Wire

Apartment building construction surges

WASHINGTON — U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of rentersThe Commerce Department said Friday that housing starts in June climbed 9.8...

Date: 07/18/2015 | Business Wire

Port of Everett's Waterfront Center all leased; more space considered

EVERETT — The Port of Everett's Waterfront Center is completely occupied, more than four and a half years after opening.Demand has picked up so much that the port is considering adding more commercial space.The

Date: 07/16/2015 | Business

5 things to know about Donald Trump’s fortune

WASHINGTON — Republican presidential candidate Donald Trump says his personal fortune is more than $10 billion, making the businessman the wealthiest person to ever run for the White House.Five things to know about Trump’s wealth:

Date: 07/15/2015 | Nation & World

Port seeks housing developer for Waterfront Place

EVERETT — The Port of Everett is looking for a housing developer to take on the first phase of its ambitious plan to turn its largely vacant central pier into a hip, urban waterfront.

Date: 07/15/2015 | Business

Seattle sees growing home-sales frenzy

SEATTLE — Retired baseball pitcher Jamie Moyer sold his seven-bedroom Tudor mansion in Seattle, complete with a batting cage and saltwater pool, to a Chinese couple for $3.2 million in September. The new owners promptly rented it out to a group of employees.

Date: 07/11/2015 | Business Wire

New-home sales hit best mark since ’08

WASHINGTON — Purchases of new U.S. homes surged in the Northeast and West in May, as steady job growth over the past year has lifted the real estate sector.

Date: 06/23/2015 | Business Wire

Olive Garden owner to create real estate company

ORLANDO, Fla. — Darden Restaurants Inc. is planning to create a real estate investment trust that will function as its own publicly traded company.

Date: 06/23/2015 | Business Wire

Nation’s fastest-rising rents are in Jackson, Mississippi

WASHINGTON — Home rental prices are climbing across much of the United States — with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine.

Date: 06/23/2015 | Business Wire

Property values increase in all areas of county

EVERETT — Assessment notices that hit the mail Friday showed rising property values in all areas of Snohomish County compared to last year.The change was 7.5 percent countywide, with residential and commercial properties up 8.5 percent and 6.7 percent, respectively.

Date: 06/20/2015 | Local News

Marysville real estate firm gets FAA approval for drones

MARYSVILLE — The Federal Aviation Administration has given a Marysville real estate agency the green light to use an aerial drone for commercial use.The agency, Barnett Associates, is one of a handful of Washington businesses to receive such an exemption.

Date: 06/10/2015 | Business

Ads for reverse mortgages can mislead, regulators say

WASHINGTON — We've seen the TV ad pitches from celebrities like "The Fonz" Henry Winkler and actor and ex-senator Fred Thompson, touting the benefits of reverse mortgages for older homeowners.Now U.S. regulators are warning: Don't be fooled. Many ads don't...

Date: 06/07/2015 | Business Wire

Scarce supply of homes boosts prices

Another month, another sign that it's a seller's market in Snohomish County.This sign has everything to do with scarcity.There were 2,129 homes listed on the market for the county in May and that's an increase over April when 1,937 homes were listed, according to...

Date: 06/05/2015 | Business

Come home to luxury

Look inside a pair of multimillion-dollar estates (gallery)

Date: 06/04/2015 | Home and Garden

A seller's market

Local home prices near 2007 levels as demand grows

Date: 06/03/2015 | Business

Close gap with capital gains tax

With little to show after one special session, legislators in Olympia have started the second by at least making their latest budget proposals public. And House Democrats and Senate Republicans have shown an...

Date: 06/03/2015 | Editorials

For Hastert, fortune grew from farmland

Former House speaker Dennis Hastert, who was indicted Thursday on charges of concealing bank withdrawals related to a secret $1.7 million payoff, made a small fortune through real estate investments before leaving Congress.

Date: 05/30/2015 | Nation & World

Pending home sales jump to strongest level in 9 years

WASHINGTON — Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.

Date: 05/28/2015 | Business Wire

Everett schools approve sale of building to YMCA

EVERETT — The Everett school board has approved a plan to sell its former administration building to the YMCA of Snohomish County.

Date: 05/27/2015 | Local News

YMCA to buy Colby property for construction of new facility

EVERETT — The YMCA of Snohomish County has agreed to buy the Everett school district's former administration building at 4730 Colby Avenue.The youth organization is offering to pay $3.325 million for the 8.1-acre parcel, which...

Date: 05/15/2015 | Local News

Signed offer on little Seattle house that $1M couldn’t buy

SEATTLE — The story of the little house that $1 million couldn’t buy appears about to have a new chapter.

Date: 05/05/2015 | Northwest

Snohomish County sees 35-percent increase in home sales

They should just put up the ‘For Sale’ signs with the ‘Sold’ placards already attached.Or that’s what it feels like.

Date: 05/05/2015 | Business

U.S. construction spending drops 0.6 percent in March

WASHINGTON — U.S. construction fell in March as an increase in nonresidential construction was offset by declines in home building and government projects.

Date: 05/01/2015 | Business Wire

U.S. new-home sales collapse in March

WASHINGTON — Sales of new U.S. homes plummeted in March, as the spring buying season opened with sharp declines in the Northeast and South.

Date: 04/24/2015 | Business Wire

U.S. home sales bounce back in March

WASHINGTON — U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing.

Date: 04/23/2015 | Business Wire

No takers

Everett schools so far unable to sell historic building

Date: 04/20/2015 | Local News

High-speed internet added to Everett apartments

A Kirkland-based company is beginning to offer high-speed gigabit service in Everett.

Date: 04/09/2015 | Business

Five tips for an easy home closing

Buying a house is an emotional journey — from finding the perfect property to securing the ideal price. The last thing anyone wants to endure is a real estate closing that resembles a roller-coaster ride.

Date: 04/09/2015 | Home and Garden

City or suburbs? It’s a life, lifestyle question

Here’s an idea, millennials. What if we switch? You take the too-big houses. We boomers are about ready for cool urban apartments.

Date: 04/01/2015 | Local News

With legal fight behind, Dwayne Lane's is building Island Crossing car lot

ARLINGTON — Tom Lane sounds relieved.After more than 20 years, he's finally getting to build his car dealership, Dwayne Lane's Arlington Chevrolet, at Island Crossing north of Arlington. Construction started in February, but work became visible in the past...

Date: 03/30/2015 | Business

Boomer castoffs don't interest millennials

WASHINGTON — A seismic shift of stuff is under way in homes all over America.Members of the generation that once embraced sex, drugs and rock-and-roll are trying to offload their place settings for 12, family photo albums and leather sectionals.Their...

Date: 03/29/2015 | Nation & World

Market liquidity issues darken horizon

Liquidity has the distinction of being important to individuals, businesses and governments. Clearly it is vital to the whole economy also, but there it is somewhat elusive and mysterious.

Date: 03/27/2015 | Business columnists

Housing hotbed

Why one part of Snohomish County attracts builders like flies

Date: 03/25/2015 | Business

102 new apartments opening in downtown Everett this summer

EVERETT — A new apartment building is opening up in downtown Everett this summer, adding to the growing list of new housing going up in town.Aero Apartments, developed by Skotdal Real Estate, will feature 102 market-rate rental...

Date: 03/23/2015 | Local News

Real estate agents using new tool of the trade

It’s a tool that’s used by virtually every real estate agent — the keybox.And it just got easier to use for real estate agents all over Western Washington.

Date: 03/23/2015 | Business

‘Magnum, P.I.’ property sold

HONOLULU — A sprawling beachfront home used in the filming of the 1980s television show “Magnum, P.I.” has been sold for $8.7 million.

Date: 03/23/2015 | Life

Is a bust coming?

Economist suggests we may be overdoing apartments

Date: 03/20/2015 | Business

Hot property

$1.6 million south county home had a buyer in 5 minutes

Date: 03/18/2015 | Business

A cool $1.57 million

Marysville property most expensive in north end

Date: 03/17/2015 | Business

Lakefront luxury

At $1.28 million, Lake Stevens home among county's priciest

Date: 03/16/2015 | Business

No auction takers for Seattle “Up” house

SEATTLE — The Seattle house whose former owner refused a $1 million offer to sell didn’t attract any buyers at a Friday auction.

Date: 03/13/2015 | Northwest

Million-dollar view

Lord Hill home was most expensive in Snohomish area

Date: 03/13/2015 | Business

Dream house

See Snohomish County's most expensive home of 2014

Date: 03/11/2015 | Business

Bumper crop of buyers despite limited supply of homes

An often warm and sunny February brought out more and more people looking to buy homes, but in a market with fewerproperties available.

Date: 03/05/2015 | Business

Housing turning point seen in 1st-time buyers

WASHINGTON — As a deep freeze grips parts of America in a typically slow season for housing, first-time buyers are flocking to Redfin’s property tours and classes, signaling their renewed interest in the market.

Date: 02/18/2015 | Business Wire

Briefs: Lake Stevens’ Williams Real Estate adds agent

Lake Stevens' Williams Real Estate adds agentEverett native Chris Bacoka of Arlington has joined Williams Real Estate of Lake Stevens. Bacoka has been a real estate broker for 30 years, with a background in office management, insurance and banking. His goal...

Date: 02/18/2015 | Bizblog

Oso mudslide property temporarily goes up for sale

OSO — The "For Sale" sign wasn't up for long.It appeared over the weekend in front of 28214 Highway 530, the address of a piece of land in the southwest portion of the disaster zone left by the deadly mudslide.Pictures of the 10-acre property...

Date: 02/11/2015 | Local News

Boiling Point restaurant, Harbour Freight Tools opening in Edmonds

EDMONDS — Behar Company purchased 6.5 acres at the southeast corner of Highway 99 and 220th in Edmonds in 2005 with a vision to recreate the land into an transit-oriented urban village called Edmonds Green.And then the recession happened.Plans for the...

Date: 02/10/2015 | Business

Rentals rise as kids leave parents’ homes

LOS ANGELES — Parents who've been waiting for their grown children to move out may finally be in luck.The number of renter-occupied residences grew by 2 million last year, according to a report last week from the U.S. Census Bureau...

Date: 02/01/2015 | Nation & World

Home ownership rate falls to 20-year low

The national home ownership rate fell last quarter to the lowest level in two decades, the Census Bureau said Thursday.

Date: 01/30/2015 | Business Wire

Lofty potential for drones

Aircraft could be used in real estate, other businesses

Date: 01/29/2015 | Business

Business offers tips on crime prevention

When real estate agent Beverly Carter went missing on Sept. 25, it sparked a viral social media campaign to find her. Sadly, Carter’s body was found in a shallow grave north of Little Rock, Arkansas, four days later, making her the latest real estate agent to be murdered in the U.S.

Date: 01/28/2015 | Business

Prices, stagnant incomes slow home sales

WASHINGTON — More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses.

Date: 01/24/2015 | Business Wire

190-home development project along river inching forward

EVERETT ­— A long-delayed development project on the Snohomish River is inching forward.Developer William Lyon Homes has submitted a proposal to city planners to build 190 townhouses on the former site of the Eclipse Mill.

Date: 01/08/2015 | Local News

Obama to announce lower fees on mortgages

WASHINGTON — President Barack Obama plans to announce Thursday that the Federal Housing Administration will lower the fees it charges borrowers as part of a broader speech about the housing market, which is struggling to fully recover in part because mortgage costs are high and...

Date: 01/08/2015 | Business Wire

County housing market finishes strong in 2014

EVERETT — The housing market in Snohomish County and around metro Puget Sound finished strong in 2014.Residential sales and median home prices climbed in December compared to the same month last year, according to data released Tuesday by the Northwest Multiple Listing Service.

Date: 01/06/2015 | Business

Pending home sales inch up in November

Signed contracts for previously owned homes rose slightly in November, suggesting that the sluggish housing market strengthened a bit near year’s end.

Date: 01/01/2015 | Business Wire

Index points to stability in housing market

Home prices are ending the year on a stable note, according to new data out Tuesday morning.

Date: 12/31/2014 | Business Wire

Matching home sellers with buyers

It’s like a matchmaking website.Only for real estate.A new company is trying to make it easier for homeowners to get a feel for interest in their home before they put their house on the market. And allow buyers to connect with them.

Date: 12/30/2014 | Business

Chinese wealth flows to Seattle suburbs

MEDINA — Savvy area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state."I'm so glad my mother made me study Chinese," laughed property broker Janie Lee, after showing a client from...

Date: 12/20/2014 | Business Wire

Coast Equity purchases apartments for $25.5 million

EVERETT — Coast Equity Partners, an Everett-based commercial real estate company, has purchased the 152-unit BluWater Apartments in south Everett for $25.5 million from Grosvenor Americas. Since the economic downtown of 2009, Coast Equity has acquired 1,100 units, said...

Date: 12/09/2014 | Business

New home sales up 0.7 percent in October

WASHINGTON — Sales of new U.S. homes edged up modestly in October, led by a big jump in activity in the Midwest.

Date: 11/27/2014 | Business Wire

U.S. home sales rise in October

WASHINGTON — Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.

Date: 11/21/2014 | Business Wire

How could you refuse? Godfather house is for sale

NEW YORK — A New York City house featured in "The Godfather" is on the market for just under $3 million.The Staten Island Advance reports that the house's exterior was used in the 1972 mob classic. The current owner has even revamped some of the decor to...

Date: 11/15/2014 | Nation & World

Former fire station in Stanwood on the market

STANWOOD — Here's your chance to own a former fire station.Sorry, the fire pole is long gone.Cotton Pickins' Quilts & Bernina renovated the station into a commercial building. The building now bares little resemblance to its fire house days.

Date: 11/07/2014 | Business

Snohomish County sees 17 percent jump in home prices year-over-year

Snohomish County saw a spike in the price of sold homes in October compared with the same month a year ago, according to the Northwest Multiple Listing Service.The median price for homes was $317,000 last month up from $270,000 for October 2013, or a 17.4 percent increase...

Date: 11/05/2014 | Business

Fannie, Freddie, bankers back to old, dangerous tricks

Say we didn't hear that. Say we didn't hear that rules for mortgages guaranteed by the taxpayers are going lax once again.Oh, but we did. For starters, the push is on to lower the minimum down payment required for Fannie Mae and Freddie Mac mortgages to only 3 percent.

Date: 10/30/2014 | Opinion Columnists

New-home sales close to flat in September

WASHINGTON — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.New-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000, the Commerce...

Date: 10/25/2014 | Business Wire

County settles courthouse contract dispute for $232,000

EVERETT — Snohomish County leaders approved a $232,000 settlement Wednesday to resolve a contract dispute with the architectural firm jettisoned from the new courthouse project.The payment to

Date: 10/23/2014 | Local News

Limit woes of abandoned homes with a registry

Our mega-throwaway-society has expanded to include homes (old and abandoned, or newly mini-mansioned, or still under construction); apartment and condo buildings, industrial and commercial buildings; and depending on where you live, such as the Northwest, all manner of boats and...

Date: 10/21/2014 | Editorials

Growth choices have to recognize homebuyers’ preferences

In an Oct. 9 guest commentary in The Herald, Kristin Kelly of Futurewise stated, "We all deserve the opportunity to live and work in a great neighborhood where we all have a chance to succeed." No...

Date: 10/19/2014 | Commentary

650 apartments planned at Seattle housing project

SEATTLE — Vulcan Real Estate has agreed to buy three blocks of the Yesler Terrace development from the Seattle Housing Authority for $22 million.

Date: 10/14/2014 | Northwest

Fix up inherited house before putting it on the market

Dear Dave,My husband and I recently inherited my parents' home. It's in a small, rural town with little industry, and we've been told that the place would be worth $85,000 if it's cleaned up, compared to $75,000 as-is. Should we spend about $10,000 to...

Date: 10/12/2014 | Business

Poisonous spiders ooze from walls

WELDON SPRING, Mo. — A family was driven from their suburban St. Louis home by thousands of venomous spiders that fell from the ceiling and oozed from the walls.

Date: 10/10/2014 | Off the Wire

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