Allen’s death has already fueled speculation among professionals in Seattle’s real estate market about whether there might be opportunities for buyers to take over some of his properties and projects.
The company has buildings underway for Facebook Inc. and Alphabet Inc.’s Google, as well as a series of apartment complexes overlooking downtown. It’s also amassed land in nearby Bellevue, fueling speculation it could be developing a site for a major corporate tenant.
Allen leaned on plenty of people to run the operations. Ada Healey has led Vulcan Real Estate for nearly two decades, and was responsible for executing Allen’s plan to transform Seattle’s South Lake Union neighborhood from an out-of-favor industrial area into a thriving tech hub for Amazon.com Inc. and other companies.
“Ada is really, really good at what she does and the people around her really good at what they do,” said Tom Craig, a partner at DSC Capital, a commercial mortgage banking company in Seattle.
Vulcan Inc. owned companies and other entities that may not be easy to liquidate or transfer to a charitable vehicle. Far beyond real estate, for example, he founded Stratolaunch Systems, which has been developing the world’s largest plane to launch smaller vehicles into space.
This article was provided by Bloomberg News.