Safeco weighs downtown exit; owners of insurer's building market space

Insurance giant Safeco Corp. is expected to either vacate or scale back its downtown operation next year--a move that could deal a major blow to the office market. At stake are about 700 downtown jobs, some or all of which could be eliminated or shifted to the suburbs. A final decision about the fate of Safeco's five-building downtown office complex likely will come after Boston-based Liberty Mutual completes its $6.2 billion acquisition of Seattle-based Safeco.


 

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