Status of the Clise Sale?

SeaGuy · November 1st, 2007, 11:49 PM

The October deadline that the Clise family set for the sale of their downtown property (mentioned in the NYT's article below), has come and gone. I wonder if we will be hearing something soon?

http://www.nytimes.com/2007/08/08/re...ewanted=1&_r=1

taiwanesedrummer36 · November 1st, 2007, 11:56 PM

Yeah, I was just wondering about that. At first it was big news because a low-density part of donwtown was actually going to be "downtown material". What happened?

***Bond James Bond*** · November 2nd, 2007, 12:13 AM

If I recall correctly, the Clise family said they weren't in any rush. I think they'll announce something whenever they're ready.

BoulderGrad · November 2nd, 2007, 12:18 AM

Several articles, including the NYtimes one he listed mention "an october deadline." Do they mean october '08? Has the deadline passed, and they're just getting ready to make presentations?

taiwanesedrummer36 · November 2nd, 2007, 12:22 AM

Or maybe they'll wait when the real estate market heats up nationwide again. They probably realized if they sell their properties now they won't make as much money as they would have if they sold their properties several months ago.

CrazyAboutCities · November 3rd, 2007, 03:59 AM

Someone on here mentioned that Burj Dubai (World's tallest building) developer purchased some of Clise properties.

***Bond James Bond*** · November 3rd, 2007, 04:08 AM

^
They didn't purchase it, they were merely one of the people bidding on the properties.

CrazyAboutCities · November 3rd, 2007, 04:10 AM

Quote:

Originally Posted by Bond James Bond

^
They didn't purchase it, they were merely one of the people bidding on the properties.

Really? Interesting. I wonder who purchased it.

***Bond James Bond*** · November 3rd, 2007, 04:11 AM

Quote:

Originally Posted by CrazyAboutCities

Really? Interesting. I wonder who purchased it.

Nobody, yet. Which is why SeaGuy started this thread - he wanted to know if there was any news.

CrazyAboutCities · November 3rd, 2007, 04:12 AM

Quote:

Originally Posted by Bond James Bond

Nobody, yet. Which is why SeaGuy started this thread - he wanted to know if there was any news.

I know. I wonder about that too.

SeattleRising · November 4th, 2007, 10:51 AM

I've heard that they are announcing a shortlist (top 2?) some day just before Thanksgiving... I remember that clearly; however, it was a couple months ago and I don't know if anything has changed since then.

I'm a little less sure I remember when they were going to announce the winner; I'm thinking it was to be announced just before Christmas.

jessejb · November 5th, 2007, 06:59 PM

crossing my fingers for Trump!

NW Mike · November 7th, 2007, 04:57 PM

I do not mind Trump building a Tower here in Seattle but Not Freak-en 12 acres. Someone Else can do a better job. Like EMAAR Properties.

mhays · November 7th, 2007, 10:32 PM

According to the DJC, Embassy went through with the purchase of the Cadillac / Teatro Zinzanni block and said their first tower was going for a spring start.

NW Mike · November 7th, 2007, 11:58 PM

Seems like a large development for them to pay $50 million. If I understood the DJC article.

mhays · November 8th, 2007, 01:08 AM

We already know a lot about the proposed development based on DPD notices and news reports. A rendering is around here somewhere.

CrazyAboutCities · November 8th, 2007, 03:40 AM

Will anyone please post DJC articles here? Not everyone is member of DJC or able to enter their website. Thanks!

Backstrom · November 8th, 2007, 04:36 AM

Quote:

Originally Posted by Bond James Bond

^
They didn't purchase it, they were merely one of the people bidding on the properties.

Emaar put a bid on the sale? Emaar? Although that would be something if they initiated their North American market in Seattle, I'm not too sure that would be practical.

***Bond James Bond*** · November 8th, 2007, 07:57 AM

Quote:

Originally Posted by Backstrom

Emaar put a bid on the sale? Emaar? Although that would be something if they initiated their North American market in Seattle, I'm not too sure that would be practical.

Well I'm not sure if they actually bidded on it, but there was an article a month or two ago that they were interested in it.

hmaurice · November 8th, 2007, 08:14 PM

Quote:

Originally Posted by CrazyAboutCities

Will anyone please post DJC articles here? Not everyone is member of DJC or able to enter their website. Thanks!

I think there are copyright issues in regard to reposting subscription content from sources like the Daily Journal of Commerce. Which is probably why you do not see folks doing it.

November 1st, 2007, 11:49 PM	#1
SeaGuy Registered User Join Date: Dec 2006 Posts: 113 Likes (Received): 0	Status of the Clise Sale? The October deadline that the Clise family set for the sale of their downtown property (mentioned in the NYT's article below), has come and gone. I wonder if we will be hearing something soon? http://www.nytimes.com/2007/08/08/re...ewanted=1&_r=1

November 1st, 2007, 11:56 PM	#2
taiwanesedrummer36 Registered User Join Date: Aug 2007 Location: Little Taipei, Everett Posts: 1,047 Likes (Received): 0	Yeah, I was just wondering about that. At first it was big news because a low-density part of donwtown was actually going to be "downtown material". What happened? __________________ Everett/Snohomish County Development News Thread

November 2nd, 2007, 12:13 AM	#3
*Bond James Bond* Licence to kill. Join Date: Aug 2002 Location: Apple Maggot Quarantine Area Posts: 6,993	If I recall correctly, the Clise family said they weren't in any rush. I think they'll announce something whenever they're ready. __________________ Please DO NOT "like" any of my posts or request "friend" status. I don't care if you like me, or my posts. Thank you. - If you do either of these more than once you will be put on my ignore list.

November 2nd, 2007, 12:18 AM	#4
BoulderGrad Registered User Join Date: Jun 2005 Location: Seattle, WA Posts: 3,357 Likes (Received): 39	Several articles, including the NYtimes one he listed mention "an october deadline." Do they mean october '08? Has the deadline passed, and they're just getting ready to make presentations? __________________ My shrink once said to me: "Maybe life isn't for everyone..."

November 2nd, 2007, 12:22 AM	#5
taiwanesedrummer36 Registered User Join Date: Aug 2007 Location: Little Taipei, Everett Posts: 1,047 Likes (Received): 0	Or maybe they'll wait when the real estate market heats up nationwide again. They probably realized if they sell their properties now they won't make as much money as they would have if they sold their properties several months ago. __________________ Everett/Snohomish County Development News Thread

November 3rd, 2007, 03:59 AM	#6
CrazyAboutCities Registered User Join Date: Feb 2007 Location: Seattle, Washington Posts: 8,327 Likes (Received): 15	Someone on here mentioned that Burj Dubai (World's tallest building) developer purchased some of Clise properties.

November 3rd, 2007, 04:08 AM	#7
*Bond James Bond* Licence to kill. Join Date: Aug 2002 Location: Apple Maggot Quarantine Area Posts: 6,993	^ They didn't purchase it, they were merely one of the people bidding on the properties. __________________ Please DO NOT "like" any of my posts or request "friend" status. I don't care if you like me, or my posts. Thank you. - If you do either of these more than once you will be put on my ignore list.

November 4th, 2007, 10:51 AM	#11
SeattleRising Registered User Join Date: Apr 2007 Posts: 75 Likes (Received): 0	I've heard that they are announcing a shortlist (top 2?) some day just before Thanksgiving... I remember that clearly; however, it was a couple months ago and I don't know if anything has changed since then. I'm a little less sure I remember when they were going to announce the winner; I'm thinking it was to be announced just before Christmas.

November 5th, 2007, 06:59 PM	#12
jessejb Registered User Join Date: Oct 2007 Location: Seattle Posts: 2,692 Likes (Received): 103	crossing my fingers for Trump!

November 7th, 2007, 04:57 PM	#13
NW Mike Registered User Join Date: Feb 2007 Location: Seattle,Bellevue,Everett Posts: 958 Likes (Received): 43	I do not mind Trump building a Tower here in Seattle but Not Freak-en 12 acres. Someone Else can do a better job. Like EMAAR Properties. __________________ The less you know on any given subject, the more in-depth you can debate that subject.

November 7th, 2007, 10:32 PM	#14
mhays Journeyman Join Date: Sep 2002 Location: Seattle Posts: 8,339 Likes (Received): 115	According to the DJC, Embassy went through with the purchase of the Cadillac / Teatro Zinzanni block and said their first tower was going for a spring start.

November 7th, 2007, 11:58 PM	#15
NW Mike Registered User Join Date: Feb 2007 Location: Seattle,Bellevue,Everett Posts: 958 Likes (Received): 43	Seems like a large development for them to pay $50 million. If I understood the DJC article. __________________ The less you know on any given subject, the more in-depth you can debate that subject.

November 8th, 2007, 01:08 AM	#16
mhays Journeyman Join Date: Sep 2002 Location: Seattle Posts: 8,339 Likes (Received): 115	We already know a lot about the proposed development based on DPD notices and news reports. A rendering is around here somewhere.

November 8th, 2007, 03:40 AM	#17
CrazyAboutCities Registered User Join Date: Feb 2007 Location: Seattle, Washington Posts: 8,327 Likes (Received): 15	Will anyone please post DJC articles here? Not everyone is member of DJC or able to enter their website. Thanks!

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