Kemper Development Company to Explore Sale of 5.5MM SQFT Bellevue Collection After Eight Decades of Family Ownership
Kemper Development Company said it will hire a broker to test the market for The Bellevue Collection, the 5.5-million-square-foot downtown Bellevue complex the...
Ready Capital Lands $141MM C-PACE Loan for Portland’s Block 216 Ritz-Carlton Tower
The financing, arranged by Peachtree Group and described by the firm as its second-largest C-PACE deal to date, gives Ready Capital a long-dated,...
Prosper Portland Launches $800K Grant Program to Fill Vacant Storefronts as Vacancy Nears 40%
Facing a combined 39 percent vacancy rate across its central city, Portland is offering matching grants of up to $100,000 to grocery stores,...
279-Unit Apartment Project Proposal Seeks Approval in Bellevue
A request to build 13 feet above Bellevue’s 70-foot height limit would let the SE 8th Street project reach 279 units, with roughly...
LDS Church Sells Two Auburn Meetinghouses for Combined $8.7MM Amid Seattle-Area Consolidation
The LDS Church sells two Auburn meetinghouses for a combined $8.7MM as it reshapes its Seattle-area property footprint.
32-Unit Gladstone Apartments in Seattle’s Lake City Listed for $5.995MM
Seattle’s 32-unit Gladstone Apartments has hit the market for $5.995 million, offering buyers a choice between finishing a renovation program already covering two-thirds...
Public Storage Pays $6.4MM for Mukilteo Self-Storage Site
Four Snohomish and King County closings totaling $45.6 million have surfaced so far from Public Storage’s $96.9 million purchase of Money Saver Mini...
Trinity Property Consultants Buys 46-Unit Brooklyn Yard Apartments in Portland for $6.3MM
The deal pencils to roughly $136,400 per unit, well below both of the two most-cited averages for the Portland apartment market, extending a...
LDS Church Sells Two Auburn Meetinghouses for Combined $8.7MM Amid Seattle-Area Consolidation
The LDS Church sells two Auburn meetinghouses for a combined $8.7MM as it reshapes its Seattle-area property footprint.
Eastern Washington Apartment Sales Rebound to $76MM as Cap Rates Compress to 6.2%, Kidder Mathews Reports
Kidder Mathews' latest Eastern Washington Apartment Market Dynamics report shows transaction volume more than doubling in the second quarter of 2026 as easing...
Sound Transit Clears Condemnation of 55 Parcels for West Seattle Link as Opening Slips to 2035
Sound Transit's board authorized its chief executive to acquire, by condemnation if necessary, 55 properties along the West Seattle Link Extension, committing to...
Bellevue Eyes Eastgate Office Corridor for Mixed-Use Overhaul Under New Area Plan
Bellevue's Planning Commission will weigh a plan to redevelop Eastgate's high-vacancy office corridor into a walkable, mixed-use district.
Ready Capital Lands $141MM C-PACE Loan for Portland’s Block 216 Ritz-Carlton Tower
The financing, arranged by Peachtree Group and described by the firm as its second-largest C-PACE deal to date, gives Ready Capital a long-dated,...
Prosper Portland Launches $800K Grant Program to Fill Vacant Storefronts as Vacancy Nears 40%
Facing a combined 39 percent vacancy rate across its central city, Portland is offering matching grants of up to $100,000 to grocery stores,...
Trinity Property Consultants Buys 46-Unit Brooklyn Yard Apartments in Portland for $6.3MM
The deal pencils to roughly $136,400 per unit, well below both of the two most-cited averages for the Portland apartment market, extending a...
US Forest Service Awards $105.5MM in Wood Innovation Grants, $6MM Backing Pacific Northwest Mills
The U.S. Forest Service has awarded $105.5 million in wood innovation grants to 177 projects across 44 states, with Oregon and Washington sawmills,...
Movement, Sky Zone, Kids Empire to Fill 120,000 SQFT Former Nordstrom at Clackamas Town Center
A climbing gym, a trampoline park and an indoor children's playground are splitting up the 120,000-square-foot former Nordstrom at Clackamas Town Center, turning...
Public Storage Buys Five Money Saver Mini Storage Sites in Portland Metro for $54.15MM
Public Storage buys five Money Saver Mini Storage sites across Portland for $54.15 million, extending a Pacific Northwest rollup.
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Eastern Washington Apartment Sales Rebound to $76MM as Cap Rates Compress to 6.2%, Kidder Mathews Reports
Kidder Mathews' latest Eastern Washington Apartment Market Dynamics report shows transaction volume more than doubling in the second quarter of 2026 as easing...
Downtown Seattle Sets Recovery Records as Office Vacancy Climbs Near 35%
The Downtown Seattle Association’s July data shows apartment occupancy, hotel demand and transit ridership all beating or matching pre-pandemic benchmarks, even as office...
Seattle Building Emissions Fall 14% as City’s New Performance Standard Nears First Deadline
Seattle's Office of Sustainability & Environment reported that emissions from the city's buildings sector fell sharply in 2024 even as population and economic...
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...
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)...
Issaquah School District Breaks Ground on Scaled-Down $168MM Choice High School After Twice-Failed Bonds
Priced out of a full comprehensive campus by construction inflation and two rejected bond measures, the Issaquah School District has started building a...
US Forest Service Awards $105.5MM in Wood Innovation Grants, $6MM Backing Pacific Northwest Mills
The U.S. Forest Service has awarded $105.5 million in wood innovation grants to 177 projects across 44 states, with Oregon and Washington sawmills,...
Movement, Sky Zone, Kids Empire to Fill 120,000 SQFT Former Nordstrom at Clackamas Town Center
A climbing gym, a trampoline park and an indoor children's playground are splitting up the 120,000-square-foot former Nordstrom at Clackamas Town Center, turning...
JFP Partners Named Receiver for Three More Martin Selig Buildings in Seattle’s Lower Queen Anne
The transfer pushes the once-dominant Seattle landlord’s receivership tally past 20 buildings and seven parking lots in just over a year, a rollup...
LendingTree Signs 39,000 SQFT Lease at Hudson Pacific’s 83 King in Pioneer Square
The nearly 40,000-square-foot commitment arrives in a Seattle submarket still carrying vacancy above 28 percent, making it a notable vote of confidence in...
Bellevue School District Files Permit for $150MM Interlake High School Modernization
The application would let the district demolish modular classrooms and aging infrastructure across the 36-acre campus and consolidate instruction into a single secured...
Wallace Properties Files Design Review for 445-Unit East Phase of Bellevue North
The filing would replace a retail shopping center with two residential towers and ground-level commercial space near Bellevue’s downtown core. Wallace Properties has...
Public Storage Buys Five Money Saver Mini Storage Sites in Portland Metro for $54.15MM
Public Storage buys five Money Saver Mini Storage sites across Portland for $54.15 million, extending a Pacific Northwest rollup.