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Puget Sound Business Journal
Property owners along Third Avenue mull tower projects
Desperate to fix downtown, a split Seattle City Council last fall voted to significantly upzone a strip of three mostly blighted blocks on Third Avenue in the heart of the retail core. While the area of the rezone is small — just 11 parcels — “it...
Uniqlo sets opening dates for Tacoma and Lynnwood stores
Japanese casual fashion brand Uniqlo is opening its two new Puget Sound-area stores this month. The company is opening 9,000-square-foot locations at the Tacoma Mall Friday and the Alderwood mall in Lynnwood on May 17. The openings are part of an over-20-store...
Gemdale closes Seattle office in wake of parent company's money woes
Real estate investment and development company Gemdale USA Corp. is closing its Seattle office six years after it opened. PJ Santos, Gemdale's senior managing director of development in Seattle, declined to comment, but in a LinkedIn post Monday said...
Docusign to acquire Seattle legal tech startup for $165M
San Francisco-based e-signature giant Docusign Inc. (Nasdaq: DOCU) is acquiring Lexion, a legal tech company headquartered in Seattle, for $165 million in cash. Docusign is making the acquisition to bolster its contract management technology. Lexion...
Puyallup Tribe opens opioid treatment clinic
The Puyallup Tribe of Indians is a opening an outpatient clinic Tuesday in Tacoma’s Dome District to provide opioid treatment to Natives and non-Natives. The 12,000-square-foot clinic, called the Cedar Wellness Center, aims to address an issue that...
Nordstrom family funds UW's first endowed head coach position
A legacy gift from the Nordstrom family will fund the University of Washington's men's rowing head coach's job, making it the first endowed coaching position in the school's history. The family gave the "pioneering set of gifts" in honor of Blake Nordstrom,...
Trammell Crow wins Seattle's OK for office tower proposal
The city of Seattle Department of Construction and Inspections on Monday published the director's decision granting conditional design approval for an 11-story office tower at 901 Lenora St. Tower developer Trammell Crow Co. has not yet responded to...
Redfin to pay $9.25M to settle class-action lawsuit
Seattle-based real estate tech company Redfin Corp. (Nasdaq: RDFN) on Friday agreed to pay $9.25 million to settle a class-action lawsuit. Redfin, which disclosed the settlement in a Monday regulatory filing, was a co-defendant in the lawsuit with the...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
Editor's notebook: Seattle's reputation hinges on Third Avenue
A few months ago, the Business Journal relocated to the 999 Third tower in downtown Seattle. It wasn’t a dramatic shift — the tower is across the street from our former offices in the Norton Building — but our new space is near the epicenter of...
Former Boeing CEO Frank Shrontz dies at 92
Frank Shrontz, who served as Boeing's CEO from 1986 to 1996 and helped save professional baseball in Seattle, died Friday at age 92. The Seattle Mariners announced his passing in a statement Saturday. “Frank was a key member of the group of partners...
Blockchain startup Alphaledger raises $5.1M
Poulsbo-based blockchain startup Alphaledger has raised $5.1 million, according to an April 26 filing with the Securities and Exchange Commission. The filing notes that the funding was an equity raise. A LinkedIn message to Alphaledger co-founder and...
Urban Animal owner lays out her exit strategy
Cherri Trusheim is selling her company the way she built it — piece by piece. Urban Animal opened its first animal clinic 12 years ago in Capitol Hill. It has since expanded to three locations, which now employ more than 100 people and generate $15...
Telecom giant's Redmond office building is up for lease
A Redmond office building that housed an AT&T Inc. (NYSE: T) corporate office is being marketed for lease, according to a listing from commercial brokerage firm CBRE. The 77,000-square-foot building, located at 7277 164th Ave. NE in Redmond Town Center,...
Seattle's proposed transportation levy grows to $1.45B
Seattle Mayor Bruce Harrell on Friday unveiled his updated, eight-year, $1.45 billion transportation levy proposal that voters likely will decide on in November. The total is $100 million higher than the first public draft released a month ago. The...
Data company Mason overhauls senior leadership team
Seattle-based data collection company Mason is making major changes to its senior leadership team. On Thursday, Mason named former Docker Chief Operating Officer Webb Stevens as the company's new CEO, replacing Nancy Xiao, who is stepping back into...
Mercer Island mansion fetches $14.6M after 10 years on market (Photos)
A 15,000-square-foot Mercer Island mansion sold in mid-April for $14.6 million, according to King County records. The home, at 5330 Butterworth Road, was once thought to be the second-most expensive home on the local market. The mansion was built by...
Largest construction lenders based in Washington state
Information on The List was the Federal Deposit Insurance Corp. Rank Business name (prior rank) Construction and land development loans, 2023 Commerical real estate loans, 2023 Real estate loans, 2023 Top local executive 1 Umpqua Bank, 1301 A St.,...
Largest general contractors in the Seattle area
Information on The List was obtained through company representatives and could not independently verified by the Puget Sound Business Journal. The Business Journal defines local and the Puget Sound region as King, Kitsap, Pierce and Snohomish counties. Rank Business...
Microsoft vets raise $3M for cybersecurity startup
Seattle-based cybersecurity startup StepSecurity has raised a $3 million seed round. With the funding, announced Wednesday, the startup wants to expand its services. According to a news release, StepSecurity is hiring in engineering, sales and marketing. StepSecurity,...
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