The pandemic recovery taking hold across the national office market has yet to solidify in downtown Seattle, forcing landlords such as Blackstone to accept steep price cuts.
Blackstone set to take major hit in deal to sell Seattle office tower
Pending sale underscores downtown valuation erosion
By Katie Burke
CoStar NewsJune 1, 2026 | 6:28 P.M.
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IN THIS ARTICLE
- Properties
- U.S. Bank Center
1420 5th Ave, Seattle, WA
- Companies
- Blackstone Inc.
Finance and Insurance
- Spear Street Capital
Finance and Insurance
- Perform Properties
Real Estate