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...
Rivian Leases 32,000 SQFT Former Evergreen Ford Site in Issaquah’s Hyla Crossing for Sixth Puget Sound Showroom
Rivian Automotive has signed a lease with Rowley Properties for a 32,034-square-foot showroom and service center at the soon-to-be-vacated Evergreen Ford dealership in...
Trojan Storage Buys 91,000 SQFT Mill Creek Self-Storage Facility in Bothell for $23MM
Trojan Storage Adds Mill Creek Facility to Its Growing Puget Sound Cluster Trojan Storage of Mill Creek, LLC has paid $23 million for...
Kaiser Permanente to More Than Double Capitol Hill Hospital Beds by 2027, Plans New Urgent Care in Everett
Kaiser Permanente is adding inpatient capacity at its flagship Seattle hospital and a new urgent care department in Everett, a pair of investments...
Olympia’s Capital Mall Among Five in $437MM Starwood Portfolio Back in Special Servicing
Capital Mall in Olympia is one of five regional malls backing a $436.9 million CMBS loan that tumbled back into special servicing on...
Formation Report Finds Seattle Shedding Restaurants Per Capita, Squeezing Ground-Floor Retail
Formation's assessment of Seattle's economy finds the city has lost restaurants per capita both before and after the pandemic, a sign that thin-margin...
As Robots Reshape the Built World, Puget Sound’s Warehouses Retool for Machines
A Goldman Sachs Global Institute essay warns that warehouses, kitchens and stores are being re-engineered for robots rather than people, and few regions...
Puget Sound Industrial Sales Climb 49% to $2.87B Even as Vacancy Holds at 11.8%
Broker Matt McLennan's latest TILT Report finds the Puget Sound industrial market regaining momentum, with investment volume surging and deals closing, even as...
Port of Seattle Lands 11 Concessionaires for 17 New Dining and Retail Spaces at SEA Airport
The Port of Seattle has selected 11 concessionaires to operate 17 new coffee, specialty and convenience retail concepts across Seattle-Tacoma International Airport, extending...
98-Unit Tacoma Townhome Portfolio Listed for Sale With Assumable Sub-3.65% Debt
Berkadia is marketing a 98-unit, four-property Tacoma townhome portfolio with sub-3 percent vacancy and fixed-rate assumable loans as low as 3.49 percent, positioning...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
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...
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...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
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...
Avangrid Expands Montgomery Park Lease to 55,000 SQFT in Portland
An energy company that relocated its Portland operations into Montgomery Park four years ago is growing rather than shrinking its footprint there, a...
Operating Seattle and Portland’s Buildings Fuels a $18.7BN Economic Engine, BOMA Study Finds
A new economic-impact study from BOMA International sizes the Pacific Northwest's building-operations economy, finding that metro Seattle and Portland together sustain more than...
Mercy Housing Northwest Plans 158 Affordable Units on Former ESCO Site in Portland
Mercy Housing Northwest’s two-phase filing for family-sized apartments on Northwest Portland’s former ESCO site tests whether the city’s years-long push to rezone industrial...
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...
Continue ReadingOregon 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...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
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...
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...
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...
TA Realty Affiliate Sells 55,000 SQFT Tacoma Industrial Building for $8.3MM
Still Water LLC pays $8.3MM for a Tacoma distribution building leased to Smith-Western Co. since 1999, county records show.
Bellevue Weighs 12th Revision to Spring District Plan, Converting North Blocks to 560 Units
Wright Runstad seeks to convert the Spring District's North Blocks from office to roughly 560 units of housing near Bellevue's light rail station.
WinCo Pushes Ahead on First Seattle Store With New Permit Filings, Targets Opening Within a Year
WinCo Foods is pushing ahead on its long-stalled first Seattle store, filing new permit paperwork for the vacant former Sam’s Club on Aurora...
Avangrid Expands Montgomery Park Lease to 55,000 SQFT in Portland
An energy company that relocated its Portland operations into Montgomery Park four years ago is growing rather than shrinking its footprint there, a...
Operating Seattle and Portland’s Buildings Fuels a $18.7BN Economic Engine, BOMA Study Finds
A new economic-impact study from BOMA International sizes the Pacific Northwest's building-operations economy, finding that metro Seattle and Portland together sustain more than...
Mariners Line Up $19MM in T-Mobile Park Upgrades for 2027, Pending PFD Approval
The Seattle Mariners have handed the public agency that owns T-Mobile Park a 47-item wish list for the coming offseason, weighted toward security...
Formation Report Finds Seattle Added Just 16 Mid-Sized Tech Firms as Rivals Added Dozens
Formation's assessment of Seattle's economy shows the city added only 16 mid-sized technology firms between 2017 and 2023 while San Francisco added 104,...
