MEDIA COVERAGE

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A detailed look at the audacious real estate play unfolding in Tukwila

Everything about the recent $4.25 million sale of an old Tukwila motel on Highway 99 last month looked ordinary except the buyer: Forterra. With a bold plan and financial backing from prominent Seattle venture capitalists Tom Alberg, Nick Hanauer and others, the land conservation nonprofit bought the Knights Inn to ...

Unusual partnership gives displaced Tukwila immigrants a new home

Everything about the recent $4.25 million sale of an old Tukwila motel on Highway 99 last month looked ordinary except the buyer: Forterra. With a bold plan and financial backing from prominent Seattle venture capitalists Tom Alberg, Nick Hanauer and others, the land conservation nonprofit bought the Knights Inn to turn it into ...

Tech Wealth Turns Attention to Affordable Housing in Seattle

Nonprofit Forterra builds $10.25 million fund with help from high-profile investors in tech world Rising wealth from Seattle’s technology boom changed the face of a neighborhood that used to be the black community’s historic core. Now, tech wealth is joining efforts to push back against gentrification. The project, to secure affordable ...

Seattle Begins Construction on Cross-laminated Timber School

It was a sight students could not resist: Construction crews raising large panels of wood using a crane. “It’s as big as Mount Rainier!” one student said. Maple Elementary School is a part of a state pilot project, which aims to build three schools in Western Washington out of cross-laminated ...

Does 23rd & Union deal signal Seattle as place ‘everyone can live?’

A land deal at 23rd & Union, longtime the heartland of Seattle's African-American community, offers a ray of light in gloomy picture of housing for low-income residents in a city growing more and more expensive. The agreement, announced Tuesday, will see Lake Union Partners pay $23 million for the 2.5-acre ...

Puget Sound Business Journal: Developer buys Midtown Center, partners with African-American community on 550-apartment project

Seattle's African-American community has secured a big role in the redevelopment of one of the city's last hubs of black-owned businesses. Lake Union Partners on Tuesday acquired Midtown Center, a retail center at the rapidly developing Central District corner of 23rd Avenue and East Union Street, for $23.25 million In ...
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