Madison Development Group Lands $60.8MM Fannie Mae Refi on 216-Unit Spruce in West Seattle
Issaquah-based Madison Development Group has secured $60.8 million in Fannie Mae refinancing for Spruce, the 216-unit West Seattle apartment and retail complex it...
Terreno Realty Clinches Early 107,000 SQFT Renewal With Flooring Provider in Kent’s Softening Industrial Market
Terreno Realty Corporation has secured an early lease renewal for 107,000 square feet at its Kent Valley distribution building, extending a flooring tenant...
105-Unit Alcove First Hill Micro-Apartments Hit the Market in Seattle
An entity affiliated with the managing partner of a Seattle social purpose corporation has put the 105-unit Alcove First Hill micro-apartment building on...
Transforming Age Bets on 1,000-Unit, Mass-Timber EverGlen Village to Crack Bellevue’s Affordability Gap
A nonprofit developer has advanced plans for EverGlen Village, a more than 1,000-unit affordable senior housing community spread across five mass-timber buildings on...
Alliance Residential Pays $16.7MM for Site in Renton Approved for 384-Unit Apartment Project on Lake Washington
Vulcan Real Estate’s disposition of the 7.18-acre Kennydale waterfront parcel — marketed by CBRE and approved for residential development roughly two years ago...
Spokane-Based Entity Sells 128-Room Hilton Garden Inn Seattle/Bothell for $16.1MM
The deal, which closed at roughly $125,800 per key, lands as CBRE forecasts Seattle-area hotel revenue per available room to reach a record...
Suncadia Bets $18MM on Retail Village to Turn Cle Elum Resort Into a Year-Round Town
Suncadia will open the first four tenants of its $18 million Suncadia Social retail village on June 19, capping a town-center vision that...
Washington Tops the West Coast and Lands 4th Nationally in Resident Income, New Study Finds
Washington outranks both California and Oregon to claim the highest resident income on the West Coast and the fourth-highest in the country, according...
Construction Lenders Confront a Shifting Risk Map in 2026 as Data Center Race, PFAS Liability and Permitting Delays Reshape Underwriting
Construction risk has not disappeared from the lending landscape heading into 2026—it has migrated into new territory, from the breakneck data center buildout...
Seattle Cracks Top Five U.S. Downtowns for Stickiness as Portland Lags on Vibrancy, Gensler Finds
Seattle landed among the five most magnetic downtowns in the United States in Gensler’s latest global study of urban experience, even as neighboring...
PMB Enlarges 377,442-SQFT Medical Office Plan for Bellevue’s Vanishing Auto Row, Targeting Red Lion Site
San Diego-based healthcare developer PMB has expanded its proposal for a 377,442-square-foot medical office building on Bellevue’s rapidly redeveloping Auto Row, filing a...
Seattle Lands Among Top Five Global AI Office Markets Despite Rising Vacancy
Tech tenants leased increasing volumes of Seattle office space in 2025 as AI demand pushed the metro into the top tier of global...
Seattle Cracks Top Five U.S. Downtowns for Stickiness as Portland Lags on Vibrancy, Gensler Finds
Seattle landed among the five most magnetic downtowns in the United States in Gensler’s latest global study of urban experience, even as neighboring...
Portland Construction Costs Rise Just 0.86 Percent in Q1 2026 as Market Trails National Escalation
Portland’s nonresidential construction costs increased a modest 0.86 percent in the first quarter of 2026 and 2.55 percent year-over-year—the slowest annual escalation among...
City Study Pegged Moda Center Needs at $505MM as Trail Blazers Seek $600MM in Public Funds
A city-commissioned facility assessment found the Moda Center needs $505 million over 20 years to remain operable, well below the $600 million public...
Cresa Portland Adds BC Group in Push to Build One-Stop Advisory Platform
The merger folds the 22-year-old development and construction management firm into Cresa’s Portland office, extending an acquisition streak aimed at occupier clients across...
PSU Selects Colas Development Group for $70MM Hotel, Conference Center in Downtown Portland
A privately financed 150-key hotel and conference center anchors the commercial bet on PSU’s Performing Arts + Culture Center as the project’s fate...
191,114 SQFT Cascade I & II Office Campus in Hillsboro Hits the Market
The two-building, recently renovated Class A campus in the Sunset Corridor tests investor demand for suburban office in the Portland metro’s strongest-performing submarket....
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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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Washington Tops the West Coast and Lands 4th Nationally in Resident Income, New Study Finds
Washington outranks both California and Oregon to claim the highest resident income on the West Coast and the fourth-highest in the country, according...
SMPS Seattle Announces 2026 Reign Awards Winners
SMPS Seattle members gathered on May 21 at SoDo Park to celebrate excellence in marketing and outstanding achievements of our regional A/E/C marketing professionals....
Panattoni Plots 1.03MM SQFT Podium I-5 Warehouse on Shuttered Wild Waves Site in Federal Way
Irvine-based developer doubles down on speculative industrial bet as Puget Sound vacancy climbs to 9.3 percent and a half-century-old theme park bows out....
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)...
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...
Docusign Leases 115,000 SQFT at Seattle’s JPMorganChase Center, Abandoning Namesake 999 Third Tower
Docusign will trade its namesake downtown Seattle skyscraper for a tower several blocks away, signing a 115,000-square-foot lease at JPMorganChase Center and dealing...
YWCA Taps Truebeck to Raze Century-Old Belltown Building for 83-Unit Affordable Housing Project in Seattle
The YWCA Seattle | King | Snohomish is preparing to demolish its century-old Lexington-Concord Apartments in Belltown and replace them with a seven-story,...
Primrose School Targets 16,700-SQFT Former Rite Aid at Shoreline’s Ballinger Village for 220-Child Preschool Conversion
A national preschool franchise backed by private equity firm Roark Capital Group has filed plans with the City of Shoreline to transform a...
Portland Construction Costs Rise Just 0.86 Percent in Q1 2026 as Market Trails National Escalation
Portland’s nonresidential construction costs increased a modest 0.86 percent in the first quarter of 2026 and 2.55 percent year-over-year—the slowest annual escalation among...
Trade Partners Cut Fees to Win Work as Seattle Construction Costs Rise Just 0.56 Percent in Q1 2026
Seattle nonresidential construction costs rose just 0.56 percent in the first quarter of 2026—the smallest quarterly increase among the eight metropolitan markets Mortenson...
LBA Realty Sells 98,770 SQFT Kent Distribution Warehouse for $19.6MM
A Renton-based private investor has purchased a nearly 99,000 square foot distribution warehouse in Kent’s industrial core from an affiliate of LBA Realty,...
City Study Pegged Moda Center Needs at $505MM as Trail Blazers Seek $600MM in Public Funds
A city-commissioned facility assessment found the Moda Center needs $505 million over 20 years to remain operable, well below the $600 million public...
Cantera Group Launches Sales for 100-Unit Terminal One Motor + Yacht Club on Seattle’s Salmon Bay
Chicago brownfield specialist converts a remediated WWII-era fuel terminal in Interbay into a gated collector-garage and superyacht marina community, with first occupancy targeted...
