Excerpts from the blog A McCaw mansion is for sale. At least I'm pretty sure that who's selling a waterfront place for a cool $33.9 million million. Windermere's calling...
Excerpts from the blog
A McCaw mansion is for sale. At least I’m pretty sure that who’s selling a waterfront place for a cool $33.9 million.
Windermere’s calling it “The Grand Point of Medina,” which is saying a lot for a place down the beach from Bill Gates’ house.
It also seems like a crazy time to be selling a “château” that “takes its place among the great estates in the Northwest.”
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But agent Tere Foster said it has already drawn interest since it was listed 12 days ago.
Aren’t the super-rich spooked by the downturn?
“Certainly they’re consumers like anybody, but one thing about the stock market, when it’s doing this kind of stuff, people would rather put their money in real estate,” she said.
Besides, there aren’t many chances to buy 627 feet of prime waterfront.
Foster wouldn’t confirm ownership of the house at the end of Groat Point Drive. King County records show it’s valued at $21.9 million and taxes are paid by a Bellevue trust.
However, it’s also the same address where Jolene McCaw, wife of Bruce McCaw of the wireless pioneer clan, is registered to vote.
I couldn’t get through to Bruce. He was probably cleaning the pool, six bedrooms, 10 baths and seven-car garage in case any buyers drop by.
Billg’s new perch
While other billionaires choose yachts or golf carts for their retirement perch, Gates’ new aerie is an office at Kirkland’s Carillon Point, where his money managers are.
It sounds like an intellectual romper room — a spot for Gates to extend his annual “think week” contemplation sessions and hang out with his smart friends, while staying connected to Microsoft and increasing involvement in the Gates Foundation.
Gates described the place in the June edition of Fortune magazine, saying the office, midway between Microsoft and the Gates Foundation, will become his “center of gravity.” In formalizing this operation, a Gates lawyer on Sept. 29 sought trademark registration for the name assigned to its corporate entity, “BGC3.”
The application says BGC3 will be engaged in “think tank services.”
A text message describing Bill Gates center of gravity No. 3?
It’s a scary time to be launching a startup, especially one in the crowded photo sharing-messaging-social networking space.
But the founders of Seattle’s Allyall must have a good sense of timing. They left real-estate startups Zillow and Redfin to start their new venture in spring 2007.
They’ve also built a useful service that could be addictive, especially for people who share a lot of photos and links with friends and family but don’t like the megaphone effect of social networks. Allyall’s surfacing today, after closed beta testing.
Founders include Chief Executive Michael Dougherty, who co-founded Redfin and worked at Zillow, along with Zillow veterans Greg Whelan Logan Bowers and Sam Rayachoti.
The company has eight employees in the same Pioneer Square building where Wetpaint, Jotspot and WhatCounts were hatched.
This material has been edited for print publication.
Brier Dudley’s blog appears Thursdays. Reach him at 206-515-5687 or firstname.lastname@example.org.