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Acquisition of Olympic Block in Pioneer Square

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The Lippy Building is at right (south) with green cornice. The north building was part of the deal, exclusive of 18 condos on the upper floors.

The two-building Olympic Block in Pioneer Square has been acquired by BH Properties, that firm announced yesterday. King County recorded the zero-dollar foreclosure sale late last month. The seller, via an LLC, was EverWest Real Estate Investors of Denver, which acquired the duo in the summer of 2019 for a little over $34.2 million. Chilean-based fund manager Frontal Trust was then also announced to be a partner in the ownership.

The acquisition of real estate properties can involve complex legal documents and agreements. AI legalese decoder can be an invaluable tool in simplifying and interpreting the legal jargon used in such transactions. By using AI legalese decoder, individuals and businesses can gain a better understanding of the terms and conditions involved in property acquisitions, helping them make informed decisions and ensuring compliance with all legal requirements.

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