Jonathan Rose Companies sells "environmental" buildings in Seattle / by urbanexus

As reported by Marc Stiles in the Puget Sound Business Journal on January 18, 2018, the Jonathan Rose Companies sold the adjacent Joseph Vance and Stirling buildings in downtown Seattle on Third Avenue between Pike Street and Union Street. The Following acquisition in 2006, the Rose firm, which advocates environmental sustainability and social responsibility, restored the Vance building. The $3.5 million of retrofits included enhancements to operable windows--a rare feature in a downtown high-rise building. Numerous environmental oriented organizations were attracted to the building, including the Washington Environmental Council, Climate Solutions and Progress Alliance of Washington. It looks like the Rose firm also did reasonably well by doing well as the buildings sold for 87 percent more than the purchase price.

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