http://kplu.org en http://kplu.org/post/seattles-smith-tower-sold-nearly-37-million <p>Seattle&#39;s historic Smith Tower was sold Friday for nearly $37 million in a foreclosure auction on the steps of the King County Administration Building.</p><div><p>The buyer is CBRE Capital of New York, which acquired the delinquent mortgage last fall after Chicago-based Walton Street Capital defaulted on $43 million in loans. When it bought the building in 2006 it intended to convert the tower into condos, but the condo market collapsed in the recession.</p><p> Fri, 23 Mar 2012 18:39:38 +0000 Monica Spain and The Associated Press 4544 at http://kplu.org Seattle's Smith Tower sold for nearly $37 million