BlackRock Sells Seattle Office Property At $12M Loss

Law360, New York (July 15, 2013, 6:13 PM EDT) -- Global asset manager BlackRock Inc. has sold an office complex next to Seattle's iconic Pike Place Market for $71.2 million, nearly $12 million less than what it paid for the property in 2007, according to property records made public Friday.

The buyer of the property was rumored to be Ingersoll Realty Corp., but representatives for Ingersoll and BlackRock could not be reached for comment or confirmation Monday.

BlackRock, one of the world's largest real estate investment companies, set a record when it purchased the buildings from...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.