Neetish Basnet

1 month ago | bizjournals.com | Neetish Basnet

Preview this article 1 minHomeowners in the Seattle metro area felt the property tax pinch as home values rose in 2024. Despite enjoying a relatively low tax rate, homeowners in the Seattle metro area felt the property tax pinch as home values rose last year. The metro's average property tax bill of $7,508 in 2024 was 80% higher than the national average, according to data released Thursday by the real estate firm Attom.

1 month ago | bizjournals.com | Neetish Basnet

A slowdown in new development projects has shrunk the local construction industry. The Seattle metro area lost 5,100 construction jobs between February 2024 and February 2025, according to the latest available employment data from the Washington State Economic Security Department. The 7% pullback in construction is the most severe among all private sector industries in the metro. Seattle’s overall job market grew by 1.4% over the same period.

1 month ago | bizjournals.com | Neetish Basnet

Running for decades, family businesses tend to deliver higher returns on investment compared to their private equity and publicly traded counterparts. Families are big business in Washington, and they are thriving. The 83 largest companies on the Business Journal’s Family-Owned Companies List generated $18.21 billion last year. Over one-third have a net profit margin of over 15%, according to Business Journal research. About 10% reported a healthy profitability between 11% to 15%.

2 months ago | bizjournals.com | Neetish Basnet

Cochran has played a role in some of Seattle's most iconic structures, including the Space Needle, the Amazon Spheres, Climate Pledge Arena and the Columbia Tower. In the parking lot of Cochran Inc.’s 150,000-square-foot headquarters in North Seattle sits hundreds of employee cars, several utility trucks and one sleek Newell Coach motor home. Former owner Gordon Cochran constantly conducts maintenance work to bring the motor home into shape for summertime travels with his wife.

2 months ago | bizjournals.com | Neetish Basnet

Estate planners and wealth managers in the Seattle area and nationally are increasingly fielding digital assets-related queries from their clients. Nathan Watson’s father is in his late 70s, long retired from his teaching job at the Seattle Public Schools. He uses the internet to find information on things inside and outside the house, but his method of password management is jotting them down on a piece of paper.