Seattle Conditions
Hourly Forecast
4pm
62°
31%
5pm
61°
28%
6pm
61°
24%
7pm
61°
17%
8pm
59°
20%
9pm
57°
22%
10pm
55°
20%
11pm
54°
17%
12am
53°
18%
1am
52°
19%
2am
51°
19%
3am
51°
21%
4am
50°
32%
5am
50°
40%
6am
50°
44%
7am
49°
40%
8am
50°
42%
9am
51°
53%
10am
53°
57%
11am
53°
53%
12pm
54°
56%
1pm
55°
54%
2pm
56°
62%
3pm
56°
75%
This Afternoon
63°
50%
Tonight
48°
40%
Saturday
58°
77%
Saturday Night
47°
58%
Sunday
64°
Sunday Night
51°
35%
Monday
64°
68%
Monday Night
51°
68%
Tuesday
63°
68%
Tuesday Night
50°
64%
Wednesday
63°
34%
Wednesday Night
51°
18%
Thursday
69°
Thursday Night
52°
☼
Sunrise 5:11am · Sunset 9:04pm
☰
Tides: Next: High 11.4 ft at 10:22 PM
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AQI 32 — Good
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No quakes M4.5+ in last 24h
Seattle Sports
7th in Western Conference Division
LOSS Mercury 72 at Storm 68 Wed, Jun 3
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Daily Journal of Commerce
3 days
Sauna pop-up comes to Lake Union Piers
Those interested in living like a Scandinavian this summer can take a lakeside sauna at Tuli Lodge.
Daily Journal of Commerce
3 days
Eastside offices trade for $7.8M
A vacant office building at 1500 112th Ave. N.E. sold this week for $7.8 million, according to King County records.
Davy Jones Locker Room
3 days
Melinda French Gates Becomes Minority Owner of the Seattle Kraken
Melinda French Gates is becoming a minority owner of the Seattle Kraken, the team’s parent company said Monday, pending approval from the NHL. The size of her stake and the terms were not disclosed. French Gates, 61, the philanthropist and ex-wife of Microsoft co-founder Bill Gates, is buying into One Roof Sports and Entertainment, the company that owns the Kraken. ESPN’s Emily Kaplan first reported the deal. French Gates is worth about $30 billion, according to Forbes, and the investment is her first ownership stake in a major professional sports team. She joins a group led by majority owner Samantha Holloway that includes minority investors David Wright, Amazon CEO Andy Jassy, and producer Jerry Bruckheimer. Holloway became majority owner in December 2024 after the death of her father, David Bonderman, the TPG co-founder whose group, Seattle Hockey Partners, won the expansion franchise. “As a longtime Seattle resident, it means a lot to me to have the chance to make this investment in our city and its future,” French Gates said in a statement. “I’m a big believer in the power of sports, and after many years of cheering on Seattle from the sidelines, I’m excited to have an even deeper connection to the Seattle sports community. Seattle is an engine of innovation in so many ways, and Samantha Holloway’s leadership of the Kraken and Climate Pledge Arena reflects that.” Holloway said in the statement, “Melinda is an impressive business leader, philanthropist and importantly, a Seattle sports fan. We share many of the same values, including a deep commitment to Seattle and a belief in building organizations that create lasting impact.” “It’s just time,” French Gates told ESPN. “What you’re seeing is a generation of women coming into their full power. I’ve walked into tough rooms, and being one of the few is very hard. Once we can create enough that we’re one of many, it just gets easier.” Though originally from Dallas, French Gates has lived in the Seattle area for nearly 40 years. She joined Microsoft in 1987, where she met Bill Gates, and worked on multimedia products before leaving in 1996. She co-chaired the Bill and Melinda Gates Foundation from 2000 until 2024 and now runs Pivotal, a Kirkland-based organization she founded in 2015 to support women and young people in the United States and abroad. One Roof Sports and Entertainment, created in March, owns the Kraken and controls Climate Pledge Arena, along with the Kraken Community Iceplex, the rebuilt Memorial Stadium, and the AHL’s Coachella Valley Firebirds. The group is pursuing an NBA expansion team for Seattle. What this means for the Kraken Nothing changes from a hockey operations standpoint. Jason Botterill will continue to be the GM, they are conducting an audit, they will pursue free agents and make draft picks and attempt trades and it will be business as usual there. The addition brings financial security. Though the NHL has a hard salary cap, Scouting, front office salaries, player development, analytics, facilities, and support staff are not subject to an NHL salary cap and can vary from organization to organization, depending on the owners’ willingness and ability to spend money. A group with French Gates’s money can cover all of that through a rebuild without needing the team to turn a profit, and won’t be forced to cut costs or tear the team down in a bad year. There is also a very expensive NBA bid going on. In March, the NBA’s Board of Governors voted to explore expansion in Seattle and Las Vegas, and Holloway’s group, advised by JPMorgan Chase and Moelis, is the only public Seattle bidder. The NBA hired PJT Partners to evaluate the markets, ownership groups, and arenas and the expansion fees is projected to be somewhere in the $6 to $10 billion range. French Gates is now an owner in One Roof, the group pursuing the NBA team, so her money is already behind that effort. Though we don’t know the extent of her stake, her fortune is several times the projected fee, and because the NBA weighs the strength of each ownership group, her name helps the Seattle bid. Her most visible impact will probably be in the community. The One Roof Foundation has focused on getting more kids into sports, and French Gates has spent her career working on opportunities for women and families. Holloway said, “We’re really aligned on that.” For the Kraken, the deal leaves them with a richer, steadier ownership group. For One Roof, it adds another prominent name as it tries to bring the NBA back to Seattle.
Daily Journal of Commerce
4 days
Welcome back, Westlake Park
Westlake Park reopened last week following a $4 million renovation.
Daily Journal of Commerce
4 days
225 seniors units to follow $14M land sale in Issaquah Highlands
A 3.5-acre development site, with no address yet assigned, sold last week for $14 million, according to King County records.
Daily Journal of Commerce
4 days
Preserving Memorial Stadium's legacy — and its concrete
Along with other measures, crews crushed and processed parts of the old stadium for backfill on site, saving around $780,000, reducing the project's carbon footprint, and linking the new stadium with its past.
Daily Journal of Commerce
4 days
Former Shell corner could yield 63 Federal Way units
Once a Texaco gas station, then later operating as a Shell, there's now a bare field of dirt at 28806 Pacific Hwy. S. in Federal Way.
Daily Journal of Commerce
4 days
April sees rise in construction spending
Spending on construction projects rose by 0.1% in April, according to an Associated Builders and Contractors analysis of the latest U.S. Census Bureau data.
Daily Journal of Commerce
4 days
Learn more about light rail plans
The First Hill Improvement Association is scheduled to hold a public meeting later this month with Sound Transit officials detailing current Sound Transit projects.
Daily Journal of Commerce
4 days
In a city with an iconic skyline, the Obama presidential museum aims to reshape Chicago architecture
The bar for architectural design is high in Chicago, from Louis Sullivan's modern skyscrapers to Helmut Jahn's post-modern office buildings.
Daily Journal of Commerce
4 days
Sale pending for U.S. Bank Center
Bloomberg has reported that the tower will be sold for $280 million to Spear Street Capital. Commercial Property Executive, which covers the industry, recently relayed the news.
Daily Journal of Commerce
4 days
24 Burien units trade for over $5M
An apartment complex at 13232 Ambaum Blvd. S.W. sold last week for a little over $5.4 million, according to King County records.