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===Real estate=== Allen's '''Vulcan Real Estate'''<ref>{{Cite web|url=http://vulcanrealestate.com/|title=Vulcan Real Estate|last=ifthen.com|website=vulcanrealestate.com|language=en|access-date=July 5, 2018|archive-date=July 9, 2018|archive-url=https://web.archive.org/web/20180709120337/http://www.vulcanrealestate.com/|url-status=live}}</ref> division offers development and portfolio management services, and was involved in the redevelopment of the [[South Lake Union, Seattle|South Lake Union]] neighborhood immediately north of downtown Seattle.<ref>{{cite news|url=https://blogs.wsj.com/economics/2014/06/09/a-look-at-six-u-s-cities-pioneering-new-economic-zones/|title=A Look at Six U.S. Cities Pioneering New Economic Zones|author=Nick Timiraos|newspaper=The Wall Street Journal|date=June 9, 2014|url-access=subscription|access-date=August 4, 2017|archive-date=November 27, 2017|archive-url=https://web.archive.org/web/20171127100431/https://blogs.wsj.com/economics/2014/06/09/a-look-at-six-u-s-cities-pioneering-new-economic-zones/|url-status=live}}</ref> Vulcan has developed {{convert|6.3|e6sqft|sqm}} of new residential, office, retail and [[biotechnology]] research space, and has a total development capacity of {{convert|10000000|sqft|abbr=on}}. Vulcan advocated for the Seattle Streetcar line known as [[South Lake Union Streetcar]], which runs from Seattle's [[Westlake Center]] to the south end of Lake Union.<ref>{{cite news| url =http://www.seattletimes.com/seattle-news/amazon-plan-adds-more-streetcar-trips/| title =Amazon plan adds more streetcar trips| author =Mike Lindblom| newspaper =The Seattle Times| date =September 22, 2012| access-date =April 9, 2015| archive-date =April 22, 2015| archive-url =https://web.archive.org/web/20150422102437/http://www.seattletimes.com/seattle-news/amazon-plan-adds-more-streetcar-trips/| url-status =live}}</ref> In 2012, ''[[The Wall Street Journal]]'' called Allen's South Lake Union investment "unexpectedly lucrative" and one that led to his firm selling a {{convert|1800000|sqft|adj=mid}} office complex to [[Amazon.com]] for US$1.16 billion, one of the most expensive office deals ever in Seattle.<ref>{{cite news|url=http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?page=all|title=UPDATED: Amazon paying $1.16B for its 11-building Seattle campus|author=Jeanne Lang Jones|newspaper=Puget Sound Business Journal|date=October 5, 2012|access-date=February 7, 2015|archive-date=February 7, 2015|archive-url=https://web.archive.org/web/20150207034458/http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?page=all|url-status=live}}</ref> "It's exceeded my expectations", Allen said of the South Lake Union development.<ref>{{cite news |last1=Brown |first1=Eliot |title=Microsoft Co-Founder Succeeds in Seattle |url=https://www.wsj.com/articles/SB10001424127887324595904578117203718713518 |work=The Wall Street Journal |date=November 14, 2012 |access-date=October 15, 2018 |archive-date=October 16, 2018 |archive-url=https://web.archive.org/web/20181016032821/https://www.wsj.com/articles/SB10001424127887324595904578117203718713518 |url-status=live }}</ref>
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