DOWNTOWN—The building at 1012 First Ave. has been the site of potential projects for some time. Now, Lake Union Partners is taking their shot by purchasing the century-old condo/retail building for just over $4.3M. Expect longtime tenant Taboo Video to hit the road as the new owners plan to a substantial renovation that will include 'reprogram(ming) the retail space with a more appropriate use.'" [PSBJ]
BELLEVUE—In January, Goldsmith Land Investments announced that they would build a 15-story office tower at 305 108th Ave. N.E. in downtown Bellevue. And now they've sold the site for $13.5M to Fana 305 Limited Liability Co. It's unclear if the project will actually get off the ground but it's going to face stiff competition when it eventually does. [PSBJ]
DOWNTOWN—The 20-story tower at 720 Olive Way was originally expected to sell for upward of $120M. It actually ended up being $101M. The buyer was a company related to Prudential Real Estate Investors, who purchased the 301,000-square-foot building from Hines. Don't cry for Hines, that's still a hefty profit for them. [DJC]