Quarterra Plans 300-Unit Apartment Project at Former FOX 13 Site in Seattle’s South Lake Union
Seattle’s most storied piece of Westlake Avenue real estate is headed toward a third act, as multifamily developer Quarterra moves to raze a...
BNBuilders, Miller Hull Break Ground on $37MM Snohomish Fire Stations
Construction has begun on replacement stations in Monroe and Lake Stevens roughly a year behind the district’s original 2024 timeline, with BNBuilders and...
Starbird Chicken Signs 17-Unit Washington Franchise Deal with Former Jack in the Box Operator
A San Francisco-born fast casual chicken concept is following a proven multi-unit operator into Washington, betting on a franchisee with decades of experience...
Wells Fargo’s Higher Rate Floor Tests Northwest Housing as Data Centers and Power Drive Construction
Wells Fargo's September economic outlook points to a widening split in Pacific Northwest real estate: a data-center and power construction build-out gaining momentum...
Down Syndrome Community of Puget Sound Acquires 16,000 SQFT Continental Building in Bellevue for $7.3MM
A Seattle-based nonprofit serving families affected by Down syndrome has bought its way into Bellevue office ownership. Down Syndrome Community of Puget Sound...
Coombes Development’s 80-Unit StoneRow Apartment Building Opens for Leasing on Fremont’s Stone Way
Metrica- and Cone-Designed StoneRow Joins Growing Cluster of New Apartments Along Fremont’s Stone Way A Fremont apartment project that its developer built without...
Puget Sound Apartment Developers Shelve Projects as Approved Pipeline Shrinks to 12,931 Units
Puget Sound apartment developers formally shelved a meaningful number of projects over the past year instead of extending permits, shrinking the region's approved...
KB Home Trims Q4 Outlook as West Coast Backlog Jumps 23%, Opens Lake Stevens Townhomes
KB Home's West Coast segment, which includes its Washington operations, grew orders and backlog in the third quarter even as company-wide sales slowed,...
Everett, Community Transit Reach $54.5MM Deal to Consolidate Bus Systems
The deal's timing tracks Sound Transit's Link extension to Everett Station, a project now pushed to 2037-2041 amid a $34 billion system-wide shortfall...
42-Unit 4th Corner Commons Cohousing Community Advances at Former Bellingham School Site on Dupont Street
A group of committed households is advancing plans for 4th Corner Commons, a 42-home cohousing community on the site of a former school...
GID Buys 524-Unit Griffis North Creek Apartments for $195MM in Bothell
The sale caps a ten-year hold for Griffis Residential and marks GID’s third Puget Sound apartment acquisition since 2022. A 524-unit Snohomish County...
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Habitat for Humanity Breaks Ground on 50-Home True North Homeownership Community in North Portland’s University Park
Habitat for Humanity Portland Region and a coalition of public and nonprofit partners will formally launch True North, a 50-townhome development in University...
Washington Ranks Sixth Nationally for Real Construction Pay as Seattle, Portland Climb
A Construction Coverage analysis of federal wage and cost data ranked Washington sixth among all states for cost-adjusted construction pay, with the Seattle...
Three International Teams Advance in Portland’s $40MM Waterfront Park Redesign
Portland Parks & Recreation has narrowed a global field of more than 150 firms to three finalist teams competing to reimagine Governor Tom...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Oregon and Washington Host 139 Data Centers and 6,444 MW, but Texas Is Winning the Next Wave
The Pacific Northwest built one of the nation's largest data-center footprints on cheap hydropower, but new figures show Oregon and Washington capturing only...
Wells Fargo’s Higher Rate Floor Tests Northwest Housing as Data Centers and Power Drive Construction
Wells Fargo's September economic outlook points to a widening split in Pacific Northwest real estate: a data-center and power construction build-out gaining momentum...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B
Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents,...
The First Footprints in the Snow
AI’s hit to jobs looks like a rounding error—until you see who’s in the oven: gutted call centers and vanishing entry-level work. Narrow...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
McNellis: One House, One Spouse — A Guide to CRE Wealth Preservation
Why razor-thin overhead and the 'one house, one spouse' rule are the keys to preserving wealth in real estate and in life.
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
Seattle v. Bellevue: The Tortoise Wears a Patagonia Vest
Bellevue is trouncing Seattle on occupancy, but occupancy is the lagging indicator—and the talent that fills tomorrow’s offices still wants the messy city...
The Art of the Quiet Exit, A Hudson Pacific Story
Hudson Pacific’s COO resigned with the usual boilerplate denial attached—but after a $572 million annual loss, a scrapped dividend and a stock down...
BentallGreenOak Affiliate Sells 214,000 SQFT Plaza 600 Tower for $12.5MM in Seattle
An Emeryville, California entity picks up the 57-year-old office tower for a basis low enough to compete on rent in a downtown submarket...
Lennar Warns Data-Center Boom and Immigration Crackdowns Are Squeezing Construction Labor
Lennar flagged tightening construction labor from data-center building and immigration enforcement in its fiscal third quarter, even as record cycle times and falling...
Millennium Northwest Clears Downtown Spokane Site for Potential Seven-Story Mixed-Use Project at Browne and Main
Spokane-based Millennium Northwest has begun demolishing four parcels it assembled at Browne Street and Main Avenue downtown, clearing the way for a potential...
Henry’s Gymnasium Founder to Open $8MM, 45,000 SQFT Sanctuary Club in Denny Triangle’s Met Park North
The 45,000-square-foot members-only club, backed by an $8 million investment from Henry's Gymnasium founder Glen Swain, will occupy space in the Hudson Pacific-owned...
Habitat for Humanity Breaks Ground on 50-Home True North Homeownership Community in North Portland’s University Park
Habitat for Humanity Portland Region and a coalition of public and nonprofit partners will formally launch True North, a 50-townhome development in University...
LDS Church Sells 2.47-Acre Mercer Island Site for $7.1MM Amid Puget Sound Consolidation
The Church of Jesus Christ of Latter-day Saints has offloaded a rare large parcel on one of the region’s most land-constrained islands, continuing...
Coffee TAB Marks Grand Opening at Vulcan’s 23rd and Jackson in Seattle
Coffee TAB celebrates its grand opening at Vulcan's 23rd and Jackson, its third Seattle café built from a single coffee cart.
32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 32-unit Edric Apartments in West Seattle has come to market at $12.5MM, priced well above the county's average per-unit sale.
