Kraken to Break Ground on $60MM Kirkland Iceplex as Hockey Surge Outstrips Northgate
Public-private deal hands the NHL franchise a 34-year, $1-per-year ground lease on a five-acre Eastside site, opening a second front for a youth...
32-Unit The Lime Apartment Complex Trades in Richland for $5.375MM
The 32-unit midcentury apartment complex traded at approximately $168,000 per unit, wrapping up the brokerage team’s multi-asset seller assignment in a Tri-Cities market...
Seattle’s Expense Discipline Pays Off: Essex Cuts Operating Costs 3.4% and Drives 4.9% NOI Growth
The Pacific Northwest delivered Essex Property Trust’s largest expense reduction of any region in Q1 2026, leveraging modest 2.3 percent revenue growth into...
Mennonite Village Closes $86.2MM in Bond Financing for 275-Acre Campus in Albany, Ore.
CHICAGO, IL – APRIL 7, 2026 – Ziegler, a specialty investment bank, is pleased to announce the successful closing of Mennonite Village’s $86,215,000...
LIHI Plans 32-Unit Belmont Tiny House Village on Seattle’s Capitol Hill
The $1.1 million emergency shelter will occupy a cleared lot on Belmont Avenue while the Downtown Emergency Service Center advances plans for a...
Transpacific Investments Lists 80-Unit King James & Kings Gate Apartments in Vancouver, Wash.
The value-add listing arrives as Vancouver’s apartment submarket absorbs more units than any other area in the Portland metro while maintaining below-average vacancy,...
Laurel Property Group Buys 167-Unit Grant Park Village Quimby in Portland for $30.7MM
PORTLAND, Ore., April 27, 2026 — CBRE has arranged the sale of Grant Park Village Quimby, a 167‑unit multifamily community located at 1580...
Alexandria’s 701 Dexter Crosses Toward Stabilization As Seattle Lab Demand Reawakens
Lake Union flagship anchors Alexandria’s bet on the region’s institutional research base while peripheral inventory languishes. Seattle’s life science real estate market is...
Tacoma’s Missing Middle Bet Pays Off: Permits Jump 39%, Units Surge 62% in First Year of Rezone
Home In Tacoma is producing density gains even as building permits across the broader Seattle-Tacoma-Bellevue region fall 17.3 percent year-over-year — a divergence...
Pacific Urban Tests Eastside Multifamily Demand With Listing of 180-Unit Knoll Redmond
Palo Alto investor takes Microsoft-adjacent garden community to market three years after $71.3MM acquisition, betting on tech-driven Eastside fundamentals as regional sales volume...
Kilroy’s Seattle Portfolio Holds Steady at 79.3% Occupancy as REIT Posts Best Q1 Leasing Since 2017
Puget Sound holdings outperform the broader Seattle office market as Eastside and AI-driven leasing activity reshapes the region; Kilroy lifts 2026 FFO guidance...
Redmond Office Vacancy Plunges From 20.8% to 6.4% in Q1 2026 in Sharpest Single-Quarter Drop Across Puget Sound
The dramatic 1,440-basis-point contraction reflects renewed commitment from major technology tenants along the Willows Road corridor and positions Redmond as one of the...
Transpacific Investments Lists 80-Unit King James & Kings Gate Apartments in Vancouver, Wash.
The value-add listing arrives as Vancouver’s apartment submarket absorbs more units than any other area in the Portland metro while maintaining below-average vacancy,...
Laurel Property Group Buys 167-Unit Grant Park Village Quimby in Portland for $30.7MM
PORTLAND, Ore., April 27, 2026 — CBRE has arranged the sale of Grant Park Village Quimby, a 167‑unit multifamily community located at 1580...
High Street Residential’s 369-Unit Apartment Complex at Cedar Hills Shopping Center Breaks Ground in Beaverton
Trammell Crow Company’s residential arm replaces underused parking at the aging retail center with three mid-rise buildings and ground-floor shops, betting that Portland’s...
In-N-Out Opens Second Washington Restaurant in Vancouver, Targeting Portland Metro Demand
The Snyder family’s privately held burger chain plants its flag in Clark County eight months after debuting in Ridgefield, signaling a deliberate fill-in...
Macerich’s 2025 Annual Report Signals a Bifurcated Retail Market as REIT Reshapes West Coast Portfolio
The Santa Monica-based mall operator’s 10-K highlights record leasing, healthy retailer demand and the widening gap between fortress centers and lower-tier malls The...
Skanska Announces Completion of New 53,000 SQFT St. Charles Cancer Center in Redmond, Ore.
53,000 square-foot state-of-the-art facility expands access to world class cancer care across Central Oregon and beyond. Redmond, Ore. – Skanska, a leading global...
Pacific Northwest Commercial Real Estate News
2026 Pacific Northwest CRE Rising Stars
Celebrating the Next Generation of Commercial Real Estate Excellence From the tech epicenters of Seattle and Portland to the industrial ports of...
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Kraken to Break Ground on $60MM Kirkland Iceplex as Hockey Surge Outstrips Northgate
Public-private deal hands the NHL franchise a 34-year, $1-per-year ground lease on a five-acre Eastside site, opening a second front for a youth...
Macerich’s 2025 Annual Report Signals a Bifurcated Retail Market as REIT Reshapes West Coast Portfolio
The Santa Monica-based mall operator’s 10-K highlights record leasing, healthy retailer demand and the widening gap between fortress centers and lower-tier malls The...
Blackstone’s $315B Real Estate Machine Pivots Hard to Data Centers as Traditional Portfolio Treads Water
The world’s largest alternative asset manager is betting its real estate franchise on AI infrastructure while waiting for logistics and multifamily to rebound...
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...
McNellis: F*** Real Estate?
Publisher’s Note What began over a decade ago as a series of candid, sharp-witted articles written for The Registry has grown into one of the...
March’s Jobs Report and the Art of Misdirection
Behind the rosy March employment headline, a quiet exodus: nearly 400,000 Americans gave up on the job market in a single month. By...
The Seven Bills Governor Ferguson Signed That Actually Matter (For Our Industry)
By Billy the Broker (I just want to stay anonymous) There’s an old magician’s trick—old as in Roman Coliseum old—called misdirection. While the...
The Buyer Who Wasn’t There
The record gap between home sellers and buyers reveals a tale of two Americas—Sun Belt markets drowning in oversupply while Northern cities with...
Amazon’s Empty Chairs
By Billy the Broker (I just want to stay anonymous) To put the size of Amazon’s office downsizing in perspective, one of its...
High Street Residential’s 369-Unit Apartment Complex at Cedar Hills Shopping Center Breaks Ground in Beaverton
Trammell Crow Company’s residential arm replaces underused parking at the aging retail center with three mid-rise buildings and ground-floor shops, betting that Portland’s...
Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion
Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The...
Pacific Northwest Industrial Pipeline Contracts to 4.79MM SQFT as Developers Pull Back
Construction starts have slowed sharply across the I-5 Corridor, but a heavy slate of Q2 and Q3 2026 deliveries will keep pressure on...
Pacific Forest Products Lands 85,000 SQFT Lease at Fortress-Owned 2005 Fryar Avenue in Sumner
The South Valley deal lands as Pierce County industrial vacancy climbs to 12.2 percent and landlords compete harder for occupancy. A wholesale forest...
Silfab Solar Anchors Washington Operations With 200,000 SQFT Lease at 1770 Port Drive in Burlington
North America’s largest private PV module manufacturer cements its Washington footprint as the I-5 Corridor industrial market works through a wave of new...
Seattle Coworking Footprint Climbs to 3.41MM SQFT, Holds 13th Spot Nationally
The Emerald City added six new flexible workspace locations in Q1 2026, lifting average space size above the national benchmark as meeting room...
Amazon Spends $220MM on Ashley Furniture’s 1.1MM SQFT Distribution Complex and Parcels in Spanaway
The e-commerce giant’s purchase of the purpose-built logistics campus ranks among Pierce County’s largest commercial real estate transactions and signals renewed appetite for...
D.R. Horton Cuts Forecast as Affordability Bites Into Q2 Margins
America Builder’s $7.6 billion quarter showed disciplined execution, but Northwest closings tumbled 19 percent and gross margins compressed under the weight of elevated...
