.Net Budget Company Real Estate 
GeekWire
MAY 4, 2023
But the Seattle real estate giant sees some silver linings. “We wouldn’t wish a housing downturn on anyone, but it has made Redfin leaner, hungrier and better,” Redfin CEO Glenn Kelman said in the company’s first quarter earnings release. Kelman said the company’s 2023 budgeting assumption predicts 4.3
GeekWire
APRIL 4, 2024
It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. Companies are reducing real estate footprints with the adoption of hybrid work policies. In Seattle, vacancy rates increased from 16.6%
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GeekWire
FEBRUARY 17, 2021
Eleven data center deals are now the subject of a suit by Amazon vs. two former AWS real estate managers and others. Two of the participants in the August 2017 meeting — Casey Kirschner, an AWS real estate manager, and Carl Nelson, Kirschner’s boss and mentor — were leading that physical expansion for Amazon.
GeekWire
NOVEMBER 29, 2022
Amazon’s Spheres and other buildings at the company’s headquarters campus in Seattle. Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. .”
GeekWire
AUGUST 3, 2023
(Redfin Image) Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market. The Seattle real estate giant reported total revenue of $275.6 Due to the cost-cutting moves, the company’s U.S.
GeekWire
NOVEMBER 30, 2022
billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The technology being sought, developed by companies such as Fremont, Calif. All proposed funding was eventually cut from the budget. The City of Seattle is facing major shortfalls in its budget.
GeekWire
APRIL 5, 2023
” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”
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