SimonCRE Acquires 92,110 SQFT Island Plaza in Oak Harbor for $12MM
SimonCRE is doubling down on Puget Sound retail, following its 2024 purchase of Spanaway Plaza with the $12 million acquisition of Oak Harbor’s...
Pillar Communities Sells 120-Unit Pine+Minor Apartments in Seattle for $28.4MM
The sale of Pine+Minor marks the first ownership change at the Capitol Hill property since Portland developer Gerding Edlen sold the building roughly...
Lakeside Industries Trades 18-Acre Issaquah Quarry Parcel to Affiliated Entity in $20MM Equity Deal
A 17.71-acre parcel at the heart of Lakeside Industries’ long-running plan to convert its Issaquah quarry into an urban village changed ownership this...
Cowlitz Economic Authority Acquires 3,000 SQFT Paradise Quick Stop in Ridgefield for $13.64MM in Portland Market’s Largest 2Q Retail Sale
The Cowlitz Economic Authority, the economic development arm of the Cowlitz Indian Tribe, paid nearly $13.64 million for a 3,460 square foot fuel...
BlueLinx Leases 66,000 SQFT From Clarion Partners in Portland’s East Columbia Corridor as Market Leasing Hits 2008 Lows
Building-products distributor BlueLinx Corporation committed to 65,800 square feet at 4740 NE 166th St in Portland’s East Columbia Corridor, betting on Pacific Northwest...
Walsh Construction Tops Out Capitol Hill’s 84-Unit Constellation Center Apartments in Seattle
The removal of a tower crane at 1534 Broadway marked more than a construction milestone this month: it signaled that a project combining...
$11.1MM Loan Secured for 79-Unit Olympia Apartments
Thurston County’s apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year,...
42-Unit Bellewood Townhomes to Replace 1978 Office Park in Bellevue
A Northwest Bellevue office park built in 1978 has cleared a major hurdle toward becoming 42 townhomes, with the city’s director issuing approval...
Essex Property Trust Settles RealPage Rent-Algorithm Antitrust Case for $36.5MM
Essex Property Trust used its second-quarter earnings report to disclose it had fully resolved the closely watched antitrust claims tied to RealPage’s rent-setting...
Innovative Housing Opens 117-Home Garden Park Estates in Southeast Portland, Adding 54 Affordable Homes to Powellhurst-Gilbert
Innovative Housing, Inc. is set to celebrate the grand opening of Garden Park Estates, a $55.9 million redevelopment that replaced 62 aging apartments...
Davis Wright Tremaine Renews 112,000 SQFT Lease at BXP’s Madison Centre in Seattle
Long-Term Renewal in DWT’s Founding City SEATTLE – BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in...
OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026
A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...
Cowlitz Economic Authority Acquires 3,000 SQFT Paradise Quick Stop in Ridgefield for $13.64MM in Portland Market’s Largest 2Q Retail Sale
The Cowlitz Economic Authority, the economic development arm of the Cowlitz Indian Tribe, paid nearly $13.64 million for a 3,460 square foot fuel...
BlueLinx Leases 66,000 SQFT From Clarion Partners in Portland’s East Columbia Corridor as Market Leasing Hits 2008 Lows
Building-products distributor BlueLinx Corporation committed to 65,800 square feet at 4740 NE 166th St in Portland’s East Columbia Corridor, betting on Pacific Northwest...
Innovative Housing Opens 117-Home Garden Park Estates in Southeast Portland, Adding 54 Affordable Homes to Powellhurst-Gilbert
Innovative Housing, Inc. is set to celebrate the grand opening of Garden Park Estates, a $55.9 million redevelopment that replaced 62 aging apartments...
Piping Rock Health Products Leases 91,000 SQFT from Summit Properties in Portland’s East Columbia Corridor
A New York vitamins and supplements company has taken 90,894 square feet at 19018 NE Portal Way in the East Columbia Corridor, the...
Newmark Properties Buys 118,000 SQFT Swan Island Industrial Holding in Portland for $16.9MM
Newmark Properties has acquired a two-address, 118,280 square foot industrial holding on Portland’s Swan Island for $16.9 million, a bet on close-in, supply-constrained...
Portland Retail Vacancy Holds at 4.7% as Construction Deliveries Collapse 97%
Portland’s retail market posted a 92.12 percent surge in average sale price per square foot during the second quarter of 2026, but the...
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Essex Property Trust Settles RealPage Rent-Algorithm Antitrust Case for $36.5MM
Essex Property Trust used its second-quarter earnings report to disclose it had fully resolved the closely watched antitrust claims tied to RealPage’s rent-setting...
Clark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Brookfield Takes 49% Stake in Healthpeak’s $2.1B, 86-Building Outpatient Medical Portfolio for $1.025B
Healthpeak Properties has sold a non-controlling 49 percent stake in a national portfolio of 86 outpatient medical buildings to Brookfield Asset Management for...
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...
A Shot in the (Life Science) Arm for Puget Sound
Eli Lilly’s $1.5 billion cash deal for Bothell-based Curevo Vaccine is the kind of validating, capital-attracting exit Puget Sound’s life sciences cluster has...
The Data Center Bargain: What Every Town Should Demand
Free power. Free heat. Clean water. The bargain every town should be demanding. By Billy the Broker (I just want to stay anonymous)...
The Geography of Want: Why Starbucks Can’t Drag Its People to Nashville
By Billy the Broker (I just want to stay anonymous) There’s an old joke about the Boston banker who, told he must relocate...
Wright Runstad Sharpens 555-Unit Housing Plan at Bellevue’s Spring District With Clark Barnes Design
Wright Runstad has brought architect Clark Barnes onto its plan to build 555 market-rate apartments on parcels at Bellevue’s Spring District that were...
Rising Costs Squeeze Essex’s Seattle Apartment Income Even as Q2 Revenue Climbs 1.7%
Essex Property Trust’s Seattle-area apartments posted higher revenue but lower profit in the second quarter of 2026, as a double-digit jump in operating...
Fairfield Residential Files Plans for 210-Unit Apartment Redevelopment on Bellevue’s Northup Way
Fairfield Residential has moved to redevelop a low-slung, family-owned parcel near State Route 520 in Bellevue into 210 apartments, adding to a wave...
Unico Properties Puts 181,000 SQFT West Canal Yards Waterfront Campus in Seattle Up for Sale
Seven years after acquiring a weathered industrial parcel on the south bank of the Lake Washington Ship Canal, Unico Properties has hired CBRE...
Piping Rock Health Products Leases 91,000 SQFT from Summit Properties in Portland’s East Columbia Corridor
A New York vitamins and supplements company has taken 90,894 square feet at 19018 NE Portal Way in the East Columbia Corridor, the...
Ferguson Leases 117,000 SQFT in Ridgefield, the Portland Market’s Largest Industrial Deal of 2Q 2026
A single lease by plumbing and HVAC distributor Ferguson accounted for every square foot of leasing activity recorded in the Clark County Outlying...
Newmark Properties Buys 118,000 SQFT Swan Island Industrial Holding in Portland for $16.9MM
Newmark Properties has acquired a two-address, 118,280 square foot industrial holding on Portland’s Swan Island for $16.9 million, a bet on close-in, supply-constrained...
Seattle West Design Review Board Gives Support to Alexandria Real Estate’s 254-Unit Uptown Apartment Tower
Seattle’s West Design Review Board unanimously recommended approval of Alexandria Real Estate Equities and Washington Holdings’ plan to demolish a 1962 lab campus...
