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Selig Rumored To Be Selling 3-Mil-SF Portfolio

SEATTLE, WA-Martin Selig has been a prominent local developer for decades, amassing more than 3 million sf of commercial properties. Now, the rumor mill is churning furiously that Selig is bowing out and selling.

By Janet Parker | Updated on October 22, 2001

SEATTLE, WA-The town is abuzz with rumors Martin Selig, a long-time Seattle real estate icon, is soliciting offers for his entire portfolio — one that includes upwards of 3 million sf of choice Seattle commercial properties. Rob Aigner, executive managing director of the Seattle office of Colliers International, tells GlobeSt.com that while Selig has made no formal announcement, he has made no efforts to quash or dispute reports he intends is to sell out of the real estate business.

GlobeSt.com was unable to obtain a response from Selig’s office.

Aigner says far more important than Selig’s properties potentially changing hands are the implications of such a transaction’s numbers.

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