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Show Notes
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.
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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