Bell Partners Acquires 261-Unit Leva on Market in Seattle’s Ballard for $94.8MM
Greensboro, North Carolina-based Bell Partners has expanded its Puget Sound portfolio with the $94.8 million purchase of Leva on Market, a 2008-vintage mixed-use...
Nitze-Stagen Lands Up to $97.5MM Prime Finance Bridge Loan on 396-Unit 900 Rainier, 59,000 SQFT Historic Office in Seattle
Nitze-Stagen's O.Z. Navigator venture has tied its newly opened 396-unit 900 Rainier apartments and the century-old 1130 Rainier office building in Central Seattle...
Kauri Investments Lands $30.8MM Refinancing for 172-Key Hyatt House Seattle/Downtown
The five-year floating-rate loan, paired with a custom interest-rate hedge, comes as the Seattle developer finishes a major renovation of the 2015-built extended-stay...
Manufacturer Leases Full 266,000 SQFT Prologis Park SeaTac 3 in Des Moines, Filling Prologis’ Des Moines Creek Portfolio
The deal removes about 266,000 square feet of large-format space from the market as speculative construction slows and leasing in the region rises...
Nitze-Stagen Opens Leasing at 193-Unit, Amazon-Backed Trace 4001 Near Seattle’s Othello Station
Financed with a $19.1 million Amazon Housing Equity Fund loan, a Forbright Bank construction loan and equity from local impact investors, the eight-story...
Lake Oswego’s Kruse Way Leases 128,000 SQFT at Metro-High $43.32 Rents Despite 18.1% Office Vacancy
Lake Oswego's Kruse Way corridor commands $43.32 per square foot and just posted one of the metro's strongest quarters of leasing, even as...
Airport Way Loses 574,000 SQFT in One Quarter, Accounting for 93% of Portland’s Industrial Decline
A single quarter pushed Airport Way's direct vacancy from 6.8 percent to 10.4 percent, turning one of Portland's core distribution districts into the...
Brightshore’s Tom Shapiro: Rate Shock Sours Housing as Data Centers Lift Industrial
Brightshore Capital founder Tom Shapiro told CNBC that a September rate hike and 30-year mortgages near 7.5 percent have soured both the for-sale...
Cantera Group Breaks Ground on 72-Unit First Phase of Terminal One Motor + Yacht Club on Seattle’s Salmon Bay
Chicago-based Cantera Group has started construction on the first phase of Terminal One Motor + Yacht Club, a for-sale collector garage and superyacht...
Lviv Croissants Seeks Shopping Center Space in Eight Puget Sound Cities as Ukrainian Bakery Chain Builds Out Its Seattle Base
Ukrainian bakery franchise Lviv Croissants has put out a requirement for 1,700 to 2,600 square feet of shopping center space across eight Eastside...
Blackstone Says Rising Rates Hit Apartments Hardest as Data Centers Carry Q3 Real Estate Book
Blackstone told investors that its multifamily holdings absorbed the heaviest blow from widening cap rates in a third quarter marked by the sharpest...
Eastside’s 14.7MM SQFT Office Pipeline Still Has Zero Pre-Leasing as Supply Freeze Props Up Bellevue Recovery
Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and...
Lake Oswego’s Kruse Way Leases 128,000 SQFT at Metro-High $43.32 Rents Despite 18.1% Office Vacancy
Lake Oswego's Kruse Way corridor commands $43.32 per square foot and just posted one of the metro's strongest quarters of leasing, even as...
Airport Way Loses 574,000 SQFT in One Quarter, Accounting for 93% of Portland’s Industrial Decline
A single quarter pushed Airport Way's direct vacancy from 6.8 percent to 10.4 percent, turning one of Portland's core distribution districts into the...
Cobalt Completes 174-Unit The Heights at Happy Valley, Adding Live-Work Units on Rock Creek Corridor
Cobalt's July delivery on the Rock Creek corridor pairs one- to three-bedroom homes with live-work units and a resort-style amenity package, with asking...
Level Development NW Completes 117-Unit Cedarline Apartments Near Light Rail in Downtown Gresham
The four-over-one building at 1002 NE Roberts Ave. pairs market-rate apartments with 3,500 square feet of retail one block from light rail, using...
98-Unit Park Avenue Apartments, a 12-Story Affordable Mass-Plywood Tower, Opens in Portland’s Southwest Hills
The no-parking studio tower at 2059 SW Park Ave., built with mass plywood panel floors and light-gauge steel, rents to households earning up...
Clackamas’ 234-Unit Townhomes with a View Lands in Special Servicing as Expenses Squeeze $24MM CMBS Loan
A $24.1 million CMBS loan on NBP Capital's 234-unit Townhomes with a View in Clackamas, Ore., has moved to special servicer Rialto Capital...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
Eastside Sublease Space Jumps 14% to Nearly 1.3MM SQFT on Meta and Bungie Givebacks as Downtown Seattle’s Shrinks 20%
Sublease availability is moving in opposite directions across Lake Washington, rising 13.6 percent on the Eastside as Meta and Bungie put large blocks...
Prologis Runs Seattle Portfolio at 97.7% Occupancy as Puget Sound Industrial Vacancy Climbs to 12%
Prologis declared that excess warehouse capacity has largely cleared nationwide, but its third-quarter results arrive as Puget Sound vacancy keeps climbing and a...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
Dinked: Have We Hit Peak Pickleball?
The Picklr’s Chapter 11 filing, driven by lease guarantees on roughly 40 franchise locations, may be the first sign that indoor pickleball’s real...
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 Opens Bidding for 200 Curbside EV Chargers as Levy Money Targets Apartment Renters
Seattle City Light and the Seattle Department of Transportation have begun taking a year's worth of public requests for up to 200 new...
Nuveen Buys 91,000 SQFT Safeway-Anchored Redondo Square in Des Moines for $32.1MM
The $32.1 million Redondo Square deal comes as CBRE reports institutional buyers targeting grocery-anchored centers in the Puget Sound region, where Kidder Mathews...
Cobalt Completes 174-Unit The Heights at Happy Valley, Adding Live-Work Units on Rock Creek Corridor
Cobalt's July delivery on the Rock Creek corridor pairs one- to three-bedroom homes with live-work units and a resort-style amenity package, with asking...
Kōz Development’s 169-Unit Kōz on Wetmore in Downtown Everett Nears 2027 Opening
Kōz Development's 169-unit Kōz on Wetmore in downtown Everett is well underway and targets a 2027 opening, with half its units at affordable...
Veritas Equity Partners Buys 70-Unit Viking Apartments in Lynnwood for $10MM
The 1962-built, seven-building complex near Edmonds College traded about 26 percent below its original $13.5 million asking price, though the longtime owner still...
Alliance Door Products Renews 119,000 SQFT in Sumner as District Leads Puget Sound Industrial Absorption
Building products distributor Alliance Door Products, part of the Lynden Door Family of Companies, renewed its 119,000-square-foot lease on Sumner's 142nd Avenue East...
Seattle Lab Pipeline Goes Dark With Zero Construction, Leaving 1.8MM SQFT to Absorb
Seattle has no life science space under construction, and San Diego has joined it at zero while the Bay Area’s pipeline shrank to...
Level Development NW Completes 117-Unit Cedarline Apartments Near Light Rail in Downtown Gresham
The four-over-one building at 1002 NE Roberts Ave. pairs market-rate apartments with 3,500 square feet of retail one block from light rail, using...