"16 Cents on the Dollar" Seattle $300M Tower Collapses Under Katie Wilson

A 41-story office tower at 901 Fifth Avenue in downtown Seattle just sold for $48.3 million — down 84 percent from the $304.5 million it fetched in 2019. GT Capital, in partnership with The Benaroya Co., picked up the property at roughly $89 per square foot, a fraction of the $563 per square foot Vanbarton Group paid just seven years ago. This is not a one-off. It is a pattern. Seattle's commercial real estate market is in freefall, and the leadership driving the doom loop shows no sign of reversing course. When a mayor openly tells millionaires to leave and taxes the city's largest employers into flight, the office market reflects exactly that. The tax base that funds schools, roads, and basic services gets reset downward — and the people who can least afford it absorb the hit through higher fees and hollowed-out services. There is a dark silver lining: investors with capital and nerve are resetting the rent structure at acquisition costs that will be unthinkable in hindsight. Sixteen cents on the dollar is a once-in-a-generation entry point — but it only exists because the policy collapse is real, deep, and ongoing. CHAPTERS 0:00 GT Capital JV Buys Downtown Seattle… 1:27 $300M Seattle Tower Sells for $48M 3:16 901 Fifth Avenue Drops 84 Percent 5:27 Commercial Collapse Shifts Tax Burden… 6:21 PitchBook, WSU Among Tenants at 901… 8:10 Billions in Office Loans Maturing by… 10:33 600 Stewart Near Amazon Drops 87 Percent 14:44 Remote Work Keeps Downtown Offices Empty 15:49 Jeff Swickard Buys Portland's Big Pink 18:12 Seattle Taxes Triple as Businesses Flee 21:15 Seattle's Economic Doom Loop Has No Exit 23:28 Historic Office Crash Creates Buying… 24:48 Thanks for Watching Subscribe to @reasonablenews and hit the notification bell so you never miss Sean's daily breakdown of the stories the mainstream press buries. #NFRP #Seattle #KatieWilson 𝗚𝗢 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗪𝗜𝗧𝗛 𝗥𝗘𝗔𝗦𝗢𝗡𝗔𝗕𝗟𝗘+ 𝗙𝗢𝗥 𝗨𝗡𝗖𝗘𝗡𝗦𝗢𝗥𝗘𝗗 𝗔𝗖𝗖𝗘𝗦𝗦 🌟 https://ReasonableTV.com/ 🛍️ 𝗠𝗘𝗥𝗖𝗛 - https://Store.ReasonableTV.com/ 💬 𝗝𝗢𝗜𝗡 our 𝗙𝗥𝗘𝗘 Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop:   / discord   🌐 𝗡𝗢𝗧 on Discord? 𝗖𝗛𝗔𝗧 with us right on the site — free account, no app needed: https://ReasonableTV.com/community/ 👍🏼 𝗦𝗠𝗔𝗦𝗛 that 𝗟𝗜𝗞𝗘 button & 𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 for daily videos that dive into the latest news!    / newsforreasonablepeople   𝗦𝗧𝗔𝗬 𝗖𝗢𝗡𝗡𝗘𝗖𝗧𝗘𝗗: 🔗 Rumble - https://Rumble.com/c/NewsForReasonabl... 🔗 Facebook -   / newsforreasonablepeople   🔗 iTunes - https://Apple.co/2MkFziJ 🔗 Spotify - https://Spoti.fi/2Dh8EoL