The tech sector in Washington accounts for 22% of the state economy and ranks first…
Seattle in the Spotlight: November 3 – 9
Mayor Tim Burgess Unveils Growth Plan for 27 Seattle Neighborhoods
Seattle Times | Daniel Beekman | November 9
“Under a sweeping plan unveiled Thursday by Mayor Tim Burgess, Seattle would encourage more growth in more than two dozen neighborhoods across the city while requiring developers to help the city add thousands of apartments affordable to households with low incomes. The plan, which officials have been working on since then-Mayor Ed Murray proposed it more than two years ago, would allow denser construction and taller buildings in 27 urban villages, from Lake City to Wallingford, Capitol Hill and Rainier Beach, and would expand the boundaries of 10 of those areas to connect development with transit. Seattle’s urban villages are neighborhood nodes designated since the 1990s to accommodate most of the city’s growth…The zoning changes would trigger requirements for developers to build low-income housing as part of their projects or pay fees to help the city create such housing elsewhere.”
Chinese Interest in Seattle-Area Homes Intensifying
KING 5 | Ted Land | November 9
http://www.king5.com/news/local/growing-chinese-interest-in-seattle-homes/490689226
“Chinese interest in the Seattle-area housing market is only intensifying and adding more pressure to an already extremely competitive region. A VIP group from China toured homes on Thursday, including a $10 million house in Bellevue. Windermere Real Estate hosted the group, members of the China Alliance of Real Estate Agencies, who are also touring homes in New York, Dallas, and Chicago. Though they are primarily looking at luxury homes, Chinese interest is expanding throughout the market to homes less than a million dollars, real estate agents from China said.”
25 Washington State Firms Rank on Deloitte Technology Fast 500
Puget Sound Business Journal | Melissa Crowe | November 9
“The Puget Sound region’s flourishing technology industry garnered a standing ovation from Deloitte in this year’s Technology Fast 500 ranking. Kirkland-based Donuts Inc. was No. 1 on Deloitte’s ranking of fast-growing tech companies in North America, marking the first time Washington state had a No. 1 company. Two dozen other Washington state-based businesses landed on the ranking, including iSpot.tv at No. 9. It’s the first time the Puget Sound region has been represented in the top 10 since 2011, according to information from Deloitte.”
Despite Talk of Halting Seattle’s First Avenue Streetcar, Work Moves Ahead on the $177M Line
Seattle Times | David Gutman | November 8
“Construction on Seattle’s new First Avenue streetcar line is well underway and moves to stop the project have not materialized, despite blustery threats from City Council members. Utility work along the line began about two weeks ago…The $177 million project will run in its own lanes along First Avenue, linking Seattle’s two existing streetcar lines in South Lake Union and on First Hill. Projected to open in 2020, It includes an anticipated $83 million in federal money ($58 million of which has been secured), but the remaining $94 million would be paid for by local taxes and utility bills.”
Seattle Elects Jenny Durkan As Its First Female Mayor in Nearly a Century
Fortune | Natasha Bach | November 8
http://fortune.com/2017/11/08/seattle-mayor-jenny-durkan-election-results-2017/
“With a healthy 61% of the vote, Democrat Jenny Durkan is projected to become the first female mayor of Seattle since 1926. The city’s leader was bound to be a woman no matter what, as Durkan faced off against another female candidate, Cary Moon. But it’s Durkan, a former U.S. attorney, who’s expected to clinch the seat…The Seattle Times reports that both candidates promised to address Seattle’s acute homelessness problem, though Durkan claimed an early advantage in the race, with endorsements from local politicians, business groups, and labor unions.”
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