New Boeing CEO buys $4.1 million home in Seattle

[Yo_Mama_Been_Loggin]

New Boeing CEO Kelly Ortberg and his wife, Valerie, have bought a home in Seattle’s 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]

1. TV report about Broadmoor, Boeing CEO's new neighborhood.

[maxsolomon]

2. It's where I'd buy if I were him. He's already rich, and he needs security.

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]

3. It doesn't take that much

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]

5. LOL

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]

6. My Californian self thought that was pretty cheap for a CEO

$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]

4. is there a housing crisis????

[tinrobot]

7. If there wasn't a strike happening, we'd never have heard about it.

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]

8. Front door came off during showing

And he screamed, the perfect house.

[Bristlecone]

9. Good one

[jmowreader]

10. I'm glad to see he decided to base himself in Seattle

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]

11. Actually, they're now based in Arlington VA

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.