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Friday, August 13, 2010

Russell Gears Up for its Move

News summary by MFWire's editors

Russell Investments, which was at the center of a tug-of-war between Tacoma and Seattle last year, is preparing its big move to Seattle in October. The move is the subject of an article yesterday by The Seattle Times.

Exactly how many of Russell's 900 Tacoma employees will be relocating isn't clear.

"We're very much hoping that absolutely everyone will come," CEO Andrew Doman told the pub. "We're doing everything we can for that to happen."

The newspaper reported in September of last year that Russell got a bargain on the building, paying $115 million for the downtown Seattle tower that was previously occupied by Washington Mutual. 

Edited by: Armie Margaret Lee


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