Property

Amazon to spend $1b on HQ

Amazon.com
Amazon.com Amazon.com

AMAZON.com Inc said on Friday it will spend over $1 billion to buy its Seattle corporate headquarters in what will be the United States' biggest commercial real estate deal so far this year for a single location.

The world's largest Internet retailer plans to buy a complex of 11 buildings in the trendy South Lake Union area, comprising 1.8 million square feet of office space, for $1.16 billion from Microsoft Corp co-founder Paul Allen's investment firm.

Based on the value of the deal, Amazon is paying the highest ever price for an office building over 100,000 square feet in Seattle at around $644 per square foot. That is more than double the average rate of $308 per square foot for the city's office space, according to Real Capital Analytics.

Amazon has been leasing the properties and it may make more economic sense for it to buy the location in the current low-interest environment and gain more control over its HQ, analysts said.

Read more at The Huffington Post

Topics:  property real estate seattle



Dreamworld reopens after 6 weeks in limbo

Visitors go through the doors of Dreamworld on the Gold Coast, Saturday, Dec. 10, 2016.

Every ride has undergone 'rigorous' program of testing

Captain's youth key to titles

Far North captain Nadi Canning is looking forward to leading the region in the Surf Life Saving NSW Interbranch Championships on the Central Coast this weekend.

2016 Surf Life Saving Interbranch Championships

No Murwillumbah ward specialist as changes flagged

Murwillumbah Hospital has no specialist pediatric on site.

Calls for funds to remain to care for children as admissions decline

Local Partners

Join charity for lift-off

Public meeting for people who want to form a group that will hold community events and raise money for the Westpac Life Saver Rescue Helicopter.


Kernaghan's a 'boy from the bush' with a timeless quality

Country music singer Lee Kernaghan.

Lee Kernaghan is celebrating the 25th year of his breakthrough song.

Man builds playground entirely out of packing tape

Artist Eric Lennartson is in the process of completing his huge tape sculpture at the Ipswich Art Gallery.

VIDEO:And here's where you can play on it.

Cooly sings out for carols

Santa gets ready to skydive into the Coolangatta Christmas Carols on Sunday, December 13. Photo: Scott Powick Daily News

Santa dropping in for Christmas Carols at Coolangatta

Gong goes to M'bah duo

Dave Weir and Miya Sapir from Tupenny Opera performing in Mexico.

A night at the opera

Justin Timberlake stuns students with secret class

Justin Timberlake stunned high school students in Sydney

Carrie Fisher says Ford will be bugged by affair confession

Carrie Fisher is sure Harrison Ford is annoyed at her

Dakota Fanning rekindles romance with childhood sweetheart

Dakota Fanning rekindles romance with ex

Jennifer Lawrence apologises to the people of Hawaii

Jennifer Lawrence sorry for 'offensive' story

Cruz Beckham's single a 'one-off'

He is not planning to launch a full-time music career yet.

'Crucial' farm land eyed by defence department

Lawson Geddes moving the Brangus cattle to higher ground - which is the land the Defence Department is interested taking for the Shoalwater Bay expansion.

"You can't have one without the other.”

Former Shark Show for sale for $1.3 million

Vic Hislop at the old Shark Show.

TALK about a jaws-dropping real estate opportunity.

There's a whole lot of luxury in this home

The Endeavour Foundation's latest prize home in Mountain Creek.

WHEN it comes to desirable homes, it's hard to go past a prize home.

Horse haven on big acreage in Murwillumbah

55 Glencoe Road, Murwillumbah

Check out this week's feature property.

WATCH QTV: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

Ready to SELL your property?

Post Your Ad Here!