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Real Estate

Consumer borrowing accelerated in December

WASHINGTON — U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.Borrowing expanded $21.3 billion in December, the strongest showing since an...

Date: 02/06/2016 | Business Wire

Everett-based developer's $2.5M home could be sold

SEATTLE — An embattled Everett-based real estate developer could lose one of his two Bellevue homes if a court-appointed receiver gets his way. The receiver, Michael Grassmueck, asked U.S. District Judge James Robart for permission Tuesday to sell developer Lobsang...

Date: 02/03/2016 | Local News

American new-home sales surged in December

WASHINGTON — Americans rushed to buy new homes in December at the strongest pace in 10 months, with 2015 marking the strongest year for this segment of the housing market since 2008.

Date: 01/27/2016 | Business Wire

Receiver wants to sell off 3 of Dargey's biggest projects

EVERETT — A court-appointed receiver wants to sell off Potala Place and Farmer's Market and three other real estate projects belonging to an Everett-based developer accused by federal authorities of committing fraud.The U.S. Securities and Exchange Commission is suing...

Date: 01/23/2016 | Business

Rental price increases slowed in December

WASHINGTON — Home rental price growth turned tame in December — a sign that a burst of new apartment construction last year may be relieving cost pressures.Real estate data firm Zillow said Friday that median rent rose a...

Date: 01/23/2016 | Business Wire

Mayor: Everett looking up; homeless housing to open this month

EVERETT — State of the city addresses tend to be a laundry list of accomplishments, wish lists and jokes, and seldom contain any surprises. By necessity, they are almost always optimistic.

Date: 01/21/2016 | Local News

Developer eyes 10-acre Port of Everett industrial parcel

EVERETT — A California developer has offered to buy nearly 10 acres of industrial land in northeast Everett from the Port of Everett for about $2.85 million.The proposed sale comes after months of negotiations with Panattoni...

Date: 01/12/2016 | Business

New-home sales rose in November after weak October

WASHINGTON — Americans appear less inclined to buy new homes as the year ends. Sales improved in November only because fewer people bought new homes in October than initially reported.

Date: 12/24/2015 | Business Wire

Try a tiny house on for size

Think you want one? Businesses offer a tryout first

Date: 12/24/2015 | Home and Garden

American Dream deferred in Everett

In a city of rentals, the house at 2311 19th St. in north Everett could be a tipping point.Real estate broker Saman Kouretchian bought the house in March when it was being rented room by room.

Date: 12/02/2015 | Local News

Trump picked stock fraud felon as senior adviser

WASHINGTON — Donald Trump knew a man he named as a senior business adviser in 2010 had been convicted in a major Mafia-linked stock fraud scheme, according to Associated Press interviews and a review of court records.

Date: 12/04/2015 | Nation & World

The Skotdal family: 'Contributing to the momentum' in downtown Everett

Norwegian immigrant Almer Skotdal arrived in the U.S. like so many others seeking a better life. He came to Everett in 1930, slept on a cot at the local YMCA, and made plans to start his first venture, West Coast Dairy. Some 35 years later, he sold the company and invested...

Date: 12/03/2015 | Business

Low homeownership rate could make Everett ripe for renewal

In a city of rentals, the house at 2311 19th St. in north Everett could be a tipping point.

Date: 12/02/2015 | Business

Skotdal's Aero Apartments land in downtown Everett

EVERETT — It's the latest in a long line of projects expected to bring people and, hopefully, a new sense of energy to downtown Everett.The seven-story Aero Apartments has opened at the corner of Hewitt and Rucker avenues. Already more than half of the 102 apartments...

Date: 11/30/2015 | Business

Wave of Chinese investment coming to Western Washington?

BELLINGHAM — In his office on Newmarket Street in the Barkley District, Patrick Starr entered search terms into an online real estate database and came up with a list of properties for sale for more than $4 million in King County.An untrained eye might not have noticed...

Date: 11/24/2015 | Business

Developer wants to build multi-sport facility in south Everett

EVERETT — A developer and gym owner is seeking approval on plans to build a 45,000-square-foot sports facility in south Everett.Ed Ducheane, who owns 8.4 acres in the 11500 block of Airport Road, said the proposed facility would have 10 courts for basketball,...

Date: 11/23/2015 | Local News

Sale of Everett schools’ Colby building to YMCA finalized

EVERETT — The YMCA of Snohomish County on Friday finalized its purchase of Everett Public Schools’ former Educational Service Center at 4710 Colby Ave.

Date: 11/23/2015 | Local News

Rental prices rise at slower pace in October

WASHINGTON — U.S. home rental prices rose at a slower pace in October, a possible sign that apartment costs are testing the upper reaches of renters' incomes.Real estate data firm Zillow said Friday that median rents increased a seasonally adjusted 4.5 percent from a...

Date: 11/21/2015 | Business Wire

Vancouver sees spike in multifamily residential units

VANCOUVER, Wash. — Vancouver is seeing a sharp uptick in multifamily residential units under review or construction after years of sluggish development.

Date: 11/10/2015 | Northwest

National homebuilder starts Lake Stevens project

LAKE STEVENS — A national homebuilder that has developed several projects in the Puget Sound area is starting to market a new development in Lake Stevens.

Date: 11/10/2015 | Business

Affordable homes require planning, good transportation

The question of how to create more affordable housing has been a hotly debated topic this year, especially in the city of Seattle with the release last summer of the Housing Affordability and Livability Advisory Committee's recommendations.This is a critical discussion and I...

Date: 11/08/2015 | Commentary

Everett apartment owner slapped for housing discrimination

EVERETT — The owners of an Everett apartment building have entered into an agreement with the state Attorney General's Office to settle racial discrimination claims.The agreement, called an "assurance of discontinuance," states Renton-based

Date: 11/05/2015 | Local News

Marysville to buy old Welco Lumber site on Ebey Slough

MARYSVILLE — The city of Marysville has entered into a contract to buy the old Welco Lumber mill site adjacent to I-5 on the Ebey Slough waterfront.A joint appraisal put the value of the property at $2.78 million, although the city is evaluating and testing the soil on...

Date: 10/27/2015 | Local News

Judge puts Everett-based developer Dargey into receivership

EVERETT — A federal judge has cut off a developer accused of securities fraud from his Everett-based companies.Lobsang Dargey's businesses, bank accounts, records and other properties will be controlled by a third-party, called a receiver, appointed by U.S. District...

Date: 10/23/2015 | Business

U.S. home sales rebound in September

WASHINGTON — Americans snapped up more homes in September, suggesting that the U.S. housing sector remains insulated from global economic turmoil.

Date: 10/23/2015 | Business Wire

Solar panels get cool reception from homeowners associations

SAN JOSE, Calif. - Ilam Mougy wanted to green up his condominium with solar power.

Date: 10/23/2015 | Business Wire

Deal to sell Mission-style municipal building in Everett stalled

EVERETT — A potential deal for Everett to sell one of its public works buildings has stalled, apparently, despite rumors that a sale was imminent.The city's Public Works Service Center Annex, a Mission-style building at 2802 Pacific Ave., houses the city's Utility...

Date: 10/20/2015 | Local News

Downtown Bothell apartments sold for $63 million

BOTHELL — Real estate firm MainStreet Property Group announced the sale of a Six Oaks Apartments + Retail in downtown Bothell for $63 million. The 203-unit apartments with a ground floor retail at 18333 Bothell Way NE, Bothell, opened in September 2014. MainStreet...

Date: 10/20/2015 | Business

Jailed club founder of Medina gets final chance to account for $13.8M

BILLINGS, Mont. — A one-time billionaire real estate mogul who’s languished in a Montana jail for six months gets his “final opportunity” to come clean about a disputed Mexican property sale during a trial starting Monday, according to the judge overseeing the case.

Date: 10/18/2015 | Northwest

Hjelle best choice for assessor

Two numbers determine the property taxes you pay in Snohomish County: One number is the tax rate that is paid for every $1,000 in value of a home or other property, a number that can differ depending on the city, school district and other districts in which one lives. The other number...

Date: 10/16/2015 | Editorials

Visitors preview Potala Place

Development intended to add upscale element to Everett

Date: 10/15/2015 | Business

Dormitory planned for EvCC

Nearby 6-story building could be home to 120 students

Date: 10/14/2015 | Business

Another door opens

New CEO as Everett door-and-window firm is purchased

Date: 10/14/2015 | Business

Panama condo owners to Trump: You’re fired!

PANAMA CITY — The directors of a massive Trump-branded luxury condominium development in Panama fired Donald Trump’s company in the summer over allegations of mismanagement, overspending and undisclosed bonuses executives paid themselves, according to an Associated Press examination.

Date: 10/11/2015 | Nation & World

SEC seeks oversight of Everett-based developer accused of fraud

SEATTLE — Attorneys are arguing in U.S. District Court about who should control properties belonging to an Everett-based developer accused of securities fraud.While the U.S. Securities and Exchange Commission is pursuing a civil complaint against Lobsang Dargey, the

Date: 10/09/2015 | Business

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

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