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Puget Sound Business Journal
Matvey Foundation Repair acquired by national firm
Matvey Foundation Repair has been acquired by Groundworks, marking the Virginia-based firm’s first expansion into the Pacific Northwest.<\p> The acquisition, which was announced last week, is part of a larger expansion by Groundworks, which has acquired nine companies so far this year, including two companies in Canada. The company also has a presence in California, Colorado, New Jersey, Nebraska and Pennsylvania, according to its website.<\p>
Seattle makes it easier to turn commercial buildings into housing
The Seattle City Council on Tuesday unanimously approved an ordinance to make it easier to turn office and other commercial buildings into housing in certain zones citywide.<\p> It was a partial victory for commercial real estate developers, who say removing regulatory barriers is critical to creating conversion opportunities. Developers had sought passage of the ordinance as proposed by Mayor Bruce Harrell this spring and got mostly what they wanted.<\p>
Indian Consulate may relocate to Martin Selig building
Seattle’s first Indian Consulate may soon relocate to office space in the Federal Reserve Bank building.<\p> The city issued a building permit June 18 for tenant improvements at 1015 Second Ave., which is owned by Martin Selig Real Estate. <\p>
Seattle Paine Field earns spot on Newsweek best small airports list
Newsweek has unveiled its readers' choice list of the top 10 small airports in the country, and Seattle Paine Field International Airport made the list.<\p> The Everett airport ranked third, trailing only No. 1 Huntsville International Airport in Alabama and No. 2 Lehigh Valley International Airport in Pennsylvania. No other Pacific Northwest airport was named to the list.<\p>
Puyallup Tribe opens eagerly awaited restaurant on Ruston Way
The Puyallup Tribe of Indians on Tuesday will open Woven Seafood & Chophouse, its long-awaited Tacoma waterfront restaurant, after two years of planning and construction.<\p> The 15,000-square-foot dining attraction features a fusion of Japanese and Hawaiian cuisine, coupled with the culinary traditions of the Puyallup Tribe.<\p>
Equinox once again looks to start work on Rainier Square gym
Work on Seattle's first Equinox health club could begin soon.<\p> That's according to construction permit requests filed with the city of Seattle earlier this month, following years of stalled progress on the upscale health club slated for Rainier Square. The update follows city approval of revised permit drawings in May. <\p>
Longtime Kidder Mathews office broker decamps for rival firm
Colliers' Bellevue office has seen one broker go and two more join in recent weeks.<\p> Kidder Mathews office broker Jeff Chaney has left the company after 28 years to join Colliers' Bellevue office. Joining Chaney in making the move is Seamus Ober.<\p>
Clark Nuber plans to relocate Bellevue headquarters
Accounting firm Clark Nuber is moving its Bellevue headquarters but only across the street to City Center Plaza, where Microsoft was the sole tenant before recently moving out of the 583,000-square-foot tower.<\p> Clark Nuber signed a lease for two floors totaling about 49,000 square feet in the tower, according to commercial real estate services firm Hughes Marino, which announced the lease Monday. This is comparable to the firm's current footprint at neighboring Skyline Tower, where it has operated since 1990. Clark Nuber's footprint at City Center Plaza could expand up to three floors, Hughes Marino's news release stated.<\p>
Raising Cane's names location for 3rd Seattle-area restaurant
Popular Southern fried chicken chain Raising Cane's has confirmed plans for a third restaurant in the Seattle area. <\p> The Louisiana-based company told the Business Journal that it has approved a location for Lynnwood. It would join two other planned Raising Cane's restaurants, in Seattle and Renton. <\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
The National Observer: America's most-on-time airports
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at a big change to federal rulemaking that could affect businesses, the hidden costs of owning a home, and federal grants for 12 tech hubs across the U.S. But first, you may want to pack your patience for these routes — they're the most delayed flights in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
Seattle-area gaming studios hit pause as reality sets in
The focus of the gaming world fell on Seattle last October when thousands of gamers descended on Climate Pledge Arena for The International — a three-day professional esports competition put on by Bellevue-based Valve.<\p> Video gaming is projected to be a $400 billion industry worldwide by 2027, which would mean it will double its value over a five-year span.<\p>
How Fortive is teaming up with Seattle firm to launch next big startup
Everett-based industrial technology company Fortive Corp. (NYSE: FTV) is looking within its own walls for new ventures.<\p> For the past four years, Fortive has been working with the Seattle-based startup studio Pioneer Square Labs to launch new startups from ideas developed by Fortive employees. About a year ago, Fortive and PSL decided to expand the program, and they now host weeklong incubation sessions, called "sprint weeks," at PSL's offices every couple of months to explore these new ideas.<\p>
Editor's notebook: Does downtown Seattle need Pacific Place mall?
About once every year, we are reminded about the demise of the mall. Gen Xers, like me, can’t help but romanticize the retail labyrinths where we spent our adolescence.<\p> But writing about malls for a business publication is anything but nostalgic. It’s sobering if nothing else.<\p>
Downtown Seattle landmark fetches $8.9M at auction
Downtown Seattle's Coliseum Theater sold at a significant discount during an online auction in late May, county records show. <\p> The landmark building at Fifth Avenue and Pike Street traded hands for $8.9 million, per a sales tax affidavit filed in King County late week. The price is well below its 2007 sales price of $13 million. <\p>
Mariners president resigns to take job on East Coast
The Seattle Mariners are looking for a new president of business operations.<\p> Catie Griggs will leave the Mariners later this month to take a role on the East Coast closer to her family. She has been the team's president of business operations since 2021.<\p>
Seattle council members back watered down office-to-housing proposal
The Seattle City Council Land Use Committee on Wednesday advanced an amended version of a proposal that removes barriers to converting commercial buildings to residential uses in certain zones citywide.<\p> The amended bill will be up for a vote of the full council on July 9.<\p>
Amazon exec puts Bainbridge Island home up for sale (Photos)
A Bainbridge Island couple is selling their 3,900-square-foot beach house-style home for $4.49 million.<\p> Chance Wales, the general manager of Amazon's Home Improvement Group, and Temre Jenkins, a human resources consultant, listed their three-bedroom, four-bathroom home at 9844 NE Lafayette Ave. in May. <\p>
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