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Deal Onslaught Ahead of New State Excise Tax Produces Record Sales Volume in Seattle

CoStar Insight: These are the Largest Seattle Area Property Sales Before the Graduated REET Takes Effect
F5 Tower in downtown Seattle, the new headquarters for tech firm F5 Networks, is one of several major buildings that sold ahead of the Washington’s new graduated real estate excise tax set to take effect in 2020. (CoStar)
F5 Tower in downtown Seattle, the new headquarters for tech firm F5 Networks, is one of several major buildings that sold ahead of the Washington’s new graduated real estate excise tax set to take effect in 2020. (CoStar)
By Jared Kadry
CoStar Analytics
December 31, 2019 | 4:13 P.M.

The state of Washington’s graduated real estate excise tax (REET) is set to become law on Wednesday and many investors are scurrying to get commercial property deals done before the end of the decade.

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