Panattoni, Principal Fully Lease 406,000 SQFT Des Moines Creek Business Park West to Single Tenant
A single unnamed tenant has leased all 405,680 square feet of Des Moines Creek Business Park West near Sea-Tac Airport. The deal continues...
Vanbarton Exits 541,000 SQFT 901 Fifth Avenue Tower in Downtown Seattle for $48.3MM, 84% Below 2019 Price
Seattle-based GT Capital, in partnership with The Benaroya Company, has acquired the 41-story 901 Fifth Avenue office tower from New York-based Vanbarton Group...
Invesco Sells 99-Unit Saffron Mixed-Use Property in Sammamish for $56.5MM
Principal bought one of the Eastside's rarely traded mixed-use properties, with apartment rents about $380 below the East King County average and no...
Japanese Grocer Hashi Market Takes 36,000 SQFT Former Amazon Fresh at Merlone Geier’s Aurora Shopping Center in Seattle
Hashi Market, the New York-based Japanese grocery and lifestyle chain owned by Takayama International Inc., will fill the entire box Amazon Fresh left...
West Edge Opens First Phase of $229MM, 516-Unit Cedarside Commons in Stanwood After 25-Year Wait
Arlington-based West Edge Development is set to welcome the first residents to Cedarside Commons in late October, launching a 516-unit, $229 million mixed-use...
Harvest Woodinville Quietly Opens 100,000 SQFT The Yard After Two Decades of Delays
Wine tasting rooms, a steakhouse and local boutiques have started opening at The Yard, the long-delayed centerpiece of the $600 million Harvest development,...
Regus Takes 24,000 SQFT at Historic Cornerstone Building in Downtown Tacoma
Flexible-office giant Regus has leased 24,230 square feet in downtown Tacoma's 134-year-old Cornerstone Building, the only Tacoma deal on Savills' list of the...
QXQ Leases 22,000 SQFT at BXP’s Madison Centre in Downtown Seattle
Architecture, engineering and construction tenant QXQ has signed for 21,829 square feet of new space at Madison Centre, adding another name to the...
Kiln Leases 22,000 SQFT at Woodinville’s Harvest in Third Puget Sound Coworking Deal This Year
Kiln is adding a suburban, amenity-rich location to its Seattle and Bellevue spaces, and its members will share Harvest with wine tasting rooms,...
Construction Ongoing for Edge Developers’ 70-Unit Affordable Project for El Centro de la Raza on Seattle’s Beacon Hill
The seven-story building next to the Beacon Hill light rail station will add studios through four-bedroom apartments for households earning 30 to 60...
Woodinville’s Avennia Acquires Walla Walla’s Gramercy Cellars and Two Vineyard Holdings
Woodinville winery Avennia has bought Gramercy Cellars, one of Walla Walla's best-known labels, gaining a foothold in Washington's most celebrated wine valley along...
Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units
Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...
KCB Partners and SKB Buy Semiconductor-Anchored Trellis West Campus in Hillsboro for $30.9MM
Trellis West, a 214,152 SF Hillsboro campus anchored by Applied Materials and KLA, sold at 90% leased with 5+ MW of power.
Chehalem Buys Neighboring 44-Acre Pamplin Winery, Assembling 255-Acre Estate Campus in Oregon’s Laurelwood District
Stoller Wine Group is adding the Pamplin family's 2008-built winery, cold storage and roughly 15 acres of Pinot noir, Pinot gris and Chardonnay...
Birch Community Services Leases 51,000 SQFT East Portland Warehouse, More Than Doubling Its Space
Birch Community Services is gaining 29,000 square feet, better loading and more parking, and separating the areas where participants shop from warehouse operations.
Seattle, Portland Post Highest Big-Box Warehouse Construction Costs in the Americas
Seattle and Portland now carry the highest costs in the Americas for big-box warehouse construction, with a 901,000-square-foot shell running about $100 million...
Trepp: Seattle Office Slips, but Seattle Apartments and Portland Self-Storage Rank Among West’s Safest
Trepp analysts told a national webinar audience that Seattle's office market is weakening at the margins, even as the metro's multifamily loans and...
Copia Power Seeks 106 Acres of BLM Land Near Hermiston for Oregon’s First Federal-Land Data Center
Copia Power, the Carlyle-founded energy and data center developer that EQT bought this summer, has filed to build a data center and battery...
Puget Sound Office Leasing Cools to 1.3MM SQFT as Availability Eases to 26.1%
Seattle/Puget Sound office leasing slowed to 1.3 million square feet in the third quarter after two blockbuster quarters, but availability, sublease supply and...
Seattle Sheds 18,605 Jobs as Downtown Absorbs 70% of Losses, DSA Report Finds
The Downtown Seattle Association's new employment report finds that Seattle shed 18,605 jobs between 2024 and 2025, with downtown absorbing roughly 13,000 of...
Washington Wage Floor Hits $17.73 in 2027 as Seattle Climbs to $22.14, Raising the Bill for Retail and Hospitality Tenants
Washington's statewide wage floor climbs to $17.73 an hour on Jan. 1, while Seattle moves to $22.14 and a sharply higher overtime-exempt salary...
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...
KCB Partners and SKB Buy Semiconductor-Anchored Trellis West Campus in Hillsboro for $30.9MM
Trellis West, a 214,152 SF Hillsboro campus anchored by Applied Materials and KLA, sold at 90% leased with 5+ MW of power.
Crusoe Adds 46,000 SQFT at Key Center in Bellevue Weeks After $3.9 Billion Raise
Denver-based Crusoe has signed for an additional 46,475 square feet at Kilroy Realty's Key Center in downtown Bellevue, a deal that multiplies the...
High Street Residential’s 244-Unit The Ryder Nears Opening Next to Seattle’s Roosevelt Station
The 244-unit transit-oriented building half a block from Roosevelt Station arrives as Seattle's new apartment deliveries fall by more than half. High Street...
Puget Sound Office Leasing Cools to 1.3MM SQFT as Availability Eases to 26.1%
Seattle/Puget Sound office leasing slowed to 1.3 million square feet in the third quarter after two blockbuster quarters, but availability, sublease supply and...
Newly Built Nathan and Marx Apartments in Spokane Valley Sell for $18.25MM
Two apartment buildings completed in Spokane Valley during the region's recent construction wave have traded together for more than $18 million, a price...
Pine Forest Properties Sells 30-Unit Heights at Meydenbauer Apartments in Bellevue for $15MM
Redmond Buyer Pays $500,000 per Unit for Bellevue Apartments Near Old Bellevue and Meydenbauer Bay A Bellevue-based firm has sold a small apartment...
Perform Properties Keeps Clearstead at 999 Third With 14,000 SQFT Upgrade Ahead of Docusign’s 227,000 SQFT Exit
With Docusign preparing to vacate roughly 227,000 square feet at 999 Third Avenue next year, Blackstone-owned Perform Properties has kept a 14-year tenant...
Chehalem Buys Neighboring 44-Acre Pamplin Winery, Assembling 255-Acre Estate Campus in Oregon’s Laurelwood District
Stoller Wine Group is adding the Pamplin family's 2008-built winery, cold storage and roughly 15 acres of Pinot noir, Pinot gris and Chardonnay...