Press Releases:

November 16, 2011
Two-thirds of LEED "Silver" tower is now closed; HOA dues drop 15%

July 25, 2011
Penthouse Promotion Showcases Seattle's Pinnacle Residential Offereings

May 20,2011
Olive 8 Reset Generates 25 New Sales; Condos Now 60% Sold

April 5, 2011
Luxury Condominium Sales Above $1 Million Rise 177% In King County During Q1-2011

February 17, 2011
Reset Pricing, Improved Consumer Confidence and Foreign Buyers Spur Sales

January 7, 2011
OLIVE 8 Condos Reintroduced to Market With Asking Prices Reduced an Average of 18%

December 24, 2010
RC Hedreen Company Enlists Realogics Sotheby's International Realty to Sellout Olive 8

News:

December 16, 2011, The Wall Street Journal Online
First One In: Buying Smart When Buying New
There’s an undeniable appeal in being the first occupant to put an imprint on a brand new condominium, breaking it in and making it your own. No remodeling, no renovations and no need to retrofit a 20th-century residence for a 21st-century lifestyle.

December 5, 2011, The Daily Journal of Commerce
Cost to own falls below cost to rent in King County
Here something you'd think would give pause to the people develop and own apartments: It costs alot less to own in King County then it does to rent.

November 12, 2011, The Seattle Times
Downtown's tallest condo tower now two-thirds sold
Olive 8 is now two-thirds sold after reducing condominium prices by up to 35 percent earlier this year. The 229-unit tower in downtown Seattle has closed sales on more than three dozen homes in 2011, and seven more sales are pending in November.

October 15, 2011, The Seattle Times
Developer, homeowners work together as partners
Dr. Robert Johnston and his wife, Judy, were among the first homeowners to live at Olive 8. He’s now on the board of the Seattle high-rise’s homeowners’ association, working with developers to set the operating budget, make decisions about services and represent the interests of fellow residents.

September 24, 2011, The Seattle Times
Downtown high-rise nearly two-thirds sold out
Olive 8 has had more than three dozen home sales this year and is now two-thirds sold out. The city’s tallest residential high-rise is nearly sold out below the 29th floor, and several of the most popular floor plans have only a few homes remaining.

August 13, 2011, The Seattle Times
Reduced prices spark 2011 sales at high-rise
Since reducing prices on Jan. 1 to up to 35 percent below original list values, three dozen homes have been sold at Olive 8 and 32 have already closed, with several more pending. This has made it the city's best-selling new-construction condominium this year.

July 23, 2011, The Seattle Times
Reduced prices spark 2011 sales at high-rise
Officials at Olive 8 say that recent statistics show in-city condo sales have increased – and the high-rise at Eighth Avenue and Olive Way tops the list.

July 22, 2011, King 5 News Video
No New Condos Built Since 2007
It's estimated the inventory of condos in the Seattle area will last anywhere from 12 to 18 more months. So, what happens when that supply runs out and you want to own here in Seattle? Well, the experts say your selection will be far and few between.

July 2, 2011, The Seattle Times
Downtown high-rise is a top seller
Olive 8, Seattle’s tallest residential tower, is also the city’s top-selling community since the start of the year, according to officials. Thirty homes have sold since Jan. 1, and 138 units are now occupied.

June 4, 2011, The Seattle Times
City high-rise attracts buyers of second homes
Olive 8 has become known for its in-city resort lifestyle, thanks to its downtown Seattle location, comprehensive amenities and Hyatt hotel services.

May 21, 2011, The Seattle times
Weekend event to showcase downtown high-rise living
An open house at Olive 8 this weekend will include tours of 11 model homes and viewings by appointment of the penthouses.

April 9, 2011, The Seattle Times
Location, value and amenities draw buyers
There are many reasons people move to enhance their lifestyle or home environment.

March 26, 2011, The Seattle Times
Promotion includes lower payments, no closing costs
Since the beginning of the year, Olive 8 has sold 18 homes with prices that are up to 40 percent below presale values.

February 18, 2011, The Daily Journal of Commerce
Lower prices, more sales at Olive 8
Olive 8 condo developer RC Hedreen said yesterday that the company has sold 15 condos since dropping prices last month.

February 5, 2011, The Seattle Times
Developer saves "best inventory for last"
Since resetting its pricing on New Year's Day to 30-40 percent below presale values, Olive 8 has generated significant traffic and sales, according to its developer.

January 11, 2011, The Daily Journal of Commerce
Up to 40% off Olive 8 prices
The firm marketing condos at Olive 8 in downtown Seattle say new prices are between 30 and 40 percent less than pre-sale prices set four years ago at the height of the market.

January 8, 2011, The Seattle Times
Sales Effort Relaunched at City Tower
The developer of Olive 8 is ringing in the new year with new opportunities for homebuyers who are ready to make a move.

January 3, 2011, Seattle PI
Is Now The Time To Buy in Downtown Seattle?
The developer of downtown Seattle's ESCALA tower raised prices in 2008, despite an already-softening market, arguing the downturn would eliminate competition.

December 28, 2010, The Daily Journal of Commerce
Price Drop Expected for Olive 8 Condos
The price of condos at Olive 8, a 229-unit condo and hotel high-rise in downtown Seattle, is expected to drop after the new year, the developer and members of the new marketing team said.

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