The Promote Podcast

Sleepless in Seattle: The Martin Selig Story


Listen Later

This week, we dive deep into the maverick career of Seattle skyscraper titan Martin Selig - a true man in full who at his pomp controlled more than a third of the city's downtown, but is now at risk of losing it all. As of this summer, Selig has lost 19 of his buildings to third-party managers or lenders. He’s been unable to make good on over $850 million in loans. We break down his meteoric rise, his ability to survive through cycles that ended the careers of lesser men, and why this time may truly be the end.

To advertise: Reach out to [email protected]

For feedback: Write us at [email protected] And please rate us and write a review on Apple.

Up your CRE game:  Consider becoming a premium subscriber to The Promote to unlock access to expert CRE content. Take 10% off annual subscriptions by using this link: https://www.thepromote.com/upgrade?offer_id=b700858f-21e0-47a2-9695-a93055d3ed15

Further reading/listening:

  • https://www.latimes.com/archives/la-xpm-1989-11-20-fi-194-story.html
  • https://www.seattletimes.com/business/developer-seligs-one-man-show-plays-well-in-current-downturn/
  • https://www.seattletimes.com/business/martin-selig-helped-shape-downtown-seattle-now-hes-the-face-of-its-office-woes/ 
  • https://www.nytimes.com/1986/06/29/realestate/focus-seattle-creating-an-office-empire.html 
  • https://www.seattletimes.com/seattle-news/developer-donates-922000-to-try-to-get-estate-tax-erased/ WA
  • https://www.seattletimes.com/business/real-estate/another-piece-of-seligs-seattle-office-empire-sold-at-fire-sale-discount/
  • Talking Tycoons: Tom Cousins


 

...more
View all episodesView all episodes
Download on the App Store

The Promote PodcastBy ten31 Media

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

67 ratings


More shows like The Promote Podcast

View all
The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

992 Listeners

Masters in Business by Bloomberg

Masters in Business

2,174 Listeners

Odd Lots by Bloomberg

Odd Lots

1,956 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,355 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

791 Listeners

POWERS by Chris Powers

POWERS

504 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,121 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,015 Listeners

The Weekly Take from CBRE by CBRE

The Weekly Take from CBRE

163 Listeners

The TreppWire Podcast: A Commercial Real Estate Show by The TreppWire Podcast, A CRE Show

The TreppWire Podcast: A Commercial Real Estate Show

224 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

455 Listeners

The Walker Webcast by Willy Walker

The Walker Webcast

148 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

350 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

398 Listeners

The Rent Roll with Jay Parsons by Jay Parsons

The Rent Roll with Jay Parsons

43 Listeners