Pacific Northwest's tallest building sold to Hong Kong investors for $711M

Associated Press

The Pacific Northwest's highest building has been sold to Hong Kong investment company for $711 million.

The Seattle Times reports (http://is.gd/yBlOR6 ) Hong Kong-based Gaw Capital Partners completed its purchase of the 76-story building on Friday. It's one of the biggest real-estate transactions in the region's history.

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Real estate market experts could only remember two larger deals in Seattle, but both were for collections of buildings, including a $1.15 billion Amazon.com purchase of 11 buildings in South Lake Union. A Goldman Sachs affiliate made a bulk purchase in 2007 of a dozen properties in the Seattle area for $921 million.

Seattle's tallest skyscraper has gone through several owners since it was built by developer Martin Selig in 1985.

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Information from: The Seattle Times, http://www.seattletimes.com