A spokesman for Microsoft says site grading will begin this summer, "but we're still pretty far out on the timing of the project." Greg Laycock, a broker with the Seattle office of Cushman & Wakefield and the man with a copy of the deed of sale, says the City of Issaquah issued Microsoft's grading permits in the middle of last week.

"This campus will have a significant impact on both the single-family and multi-family real estate market in Issaquah and the I-90 corridor," says Laycock, a specialist in the apartment market.

Citing a study conducted for Microsoft by Dick Conway of the firm of Conway Peterson, Laycock says the development will have an employment-multiplier effect on the local economy of four, meaning that for every Microsoft job created at the campus, three more would be created in the local economy.

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