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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNew Boeing CEO buys $4.1 million home in Seattle
New Boeing CEO Kelly Ortberg and his wife, Valerie, have bought a home in Seattles Broadmoor neighborhood for $4.1 million, according to King County records.
Ortberg took over The Boeing Co. (NYSE: BA) in August, replacing former CEO Dave Calhoun. When his hiring was announced, it was reported that Ortberg planned to be based in the Seattle area, where Boeing's commercial airplanes division is located.
The 4,180-square-foot home has four bedrooms, five bathrooms and sits on 0.2 acres. It was constructed in 1928 and has undergone several remodels, including one in 2020 that cost $325,000.
https://www.bizjournals.com/seattle/news/2024/09/15/boeing-ceo-kelly-ortberg-buys-broadmoor-home.html
Gated community.
FuzzyRabbit
(2,052 posts)maxsolomon
(34,506 posts)Otherwise he'd have to go to the east side of Lk. Washington.
It's a gated community in a nice neighborhood that's in town. Probable equidistant to the 3 Seattle-area plants.
GenThePerservering
(2,310 posts)to run up a huge real estate cost in the Seattle area, and at least he's in town. Our home is worth almost a million and it's a 1969 split level in an old first ring suburb, maybe 1700 sqft.
I used to ride my bike past Broadmoor a lot when I lived down in Seattle. In fact, there were a bunch of people who lived there who rode in local bike clubs - probably still are.
DeepWinter
(208 posts)Yep, I lived in just outside of Seattle in the 2000's and I had a 1990's 3BR 1 1/2 Bath I sold in 2007 for 600k, and it was nothing special. I'm sure it's well over 1.0 mil now and still nothing special.
$4.1 mil in Seattle is probably the very bottom end of the upper class in regards to housing.
Sympthsical
(9,864 posts)$4.1 million could get you a lot less in certain Bay Area locations.
4,200 sq ft in South Bay/Silicon Valley?
Easily $6 million.
et tu
(1,696 posts)tinrobot
(11,353 posts)To be honest, $4M it's not that expensive for a high cost market such as Seattle. Average home prices there are close to $1M
His timing sure sucks, though.
Johonny
(21,604 posts)And he screamed, the perfect house.
Bristlecone
(10,348 posts)jmowreader
(51,134 posts)Boeing headquarters is in Chicago - a very, very strange place to put it as they don't have any other operations near Chicago. If he needs to go to a non-Washington State factory for some on-the-ground time, it's just as easy to do it out of Sea-Tac than it would be out of Chicago...and, right now, the Boeing division that needs the most management is in the Seattle area.
Yo_Mama_Been_Loggin
(112,749 posts)Since 2022. I think they were shifting their focus more toward government contracts.
If the new CEO decided to make commercial aviation their focus once again that's a good thing.