Nuveen Sells 204-Unit Boulder Creek Apartments for $102MM in Sammamish
CBRE arranged the sale of Boulder Creek to Boston-based TARR Boulder Creek LLC at a per-unit price well above a comparable 2024 Sammamish...
Taylor Morrison Sells 424-Unit West End District in Beaverton for $85.25MM
Grand Peaks and PCCP pay $201,000 per unit for the 424-unit Beaverton community, a premium to Portland’s metro average as Taylor Morrison exits....
Hudson Pacific Bets on Seattle Leasing to Fill 546,000 SQFT Tower as Dividend Stays Suspended
The West Coast office landlord has withheld its common dividend since September 2024, and its push to lease a half-million-square-foot Denny Triangle tower...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Helion Energy Leases 15,000 SQFT at Seattle’s 8th & Olive as Headcount Hits 800
A fusion energy startup that has grown tenfold in four years is planting its first flag in downtown Seattle, adding office space in...
Harborview Unveils 226,000 SQFT Medical Office Plan for Yesler Terrace
Design review documents for Harborview’s 9th and Alder site now call for a six-level underground garage topped by a seven-story medical office building,...
Dermody Completes 535,000 SQFT Industrial Project in Frederickson, Formerly Pallis’ Canyon Point Center
A 535,000-square-foot speculative industrial project in Frederickson appears to have wrapped construction, though Dermody Properties has yet to formally announce the delivery of...
Avenue5 Residential Leases 15,000 SQFT at 90%-Full Two Union Square in Seattle
As Class A asking rents in downtown Seattle slide toward $40 per square foot and direct vacancy holds above 32 percent, Avenue5 Residential...
Clise Properties Recruits CFO Benjamin Freeburg From Embattled Martin Selig Real Estate
Clise Properties, the 137-year-old Seattle landlord that helped shape the Denny Triangle, has hired Benjamin Freeburg as chief financial officer, drawing a senior...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
Rivian Micromobility Spinoff Also Lands 17,000 SQFT Office and Retail Hub in Seattle’s North Lake Union, Backfilling Overland AI
The electric micromobility company spun out of Rivian has quietly established its first major beachhead outside Silicon Valley at Seattle's Blue Rooster Building...
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...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland’s biggest business names could give way to a public observation deck under new owner Jeff...
Vintage Aviation Museum Acquires Historic Tillamook WWII Blimp Hangar for $1 as Roof Repairs Begin
The Port of Tillamook Bay has handed one of the largest wooden structures in the world to a Utah nonprofit for a single...
Oregon’s Labor Force Participation Holds Above the U.S. Average but Stays Far Below Its Peak
Federal labor data shows 62.4 percent of Oregonians were working or looking for work in July, a rate that edges out both the...
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Washington’s Labor Force Participation Sinks to Near 50-Year Low as Productivity Leads the Nation
Newly released federal labor data shows Washington's share of working-age residents holding or seeking work has slipped to 62.1 percent, among the lowest...
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...
New Data Splits Washington in Two: Spokane’s Peer Group Is Boise, Not Seattle
A California investment manager has published a 21-year federal data model that treats Greater Seattle as a coastal primary market and counts Washington's...
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...
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...
Washington’s Labor Force Participation Sinks to Near 50-Year Low as Productivity Leads the Nation
Newly released federal labor data shows Washington's share of working-age residents holding or seeking work has slipped to 62.1 percent, among the lowest...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
Cordillera Homes Completes Concrete Structure at Kirkland’s Only New Condo Project, Central Peak
Cordillera Homes has completed the most complex structural pour of Central Peak Residences — a 650-cubic-yard, 10-hour transfer deck operation — clearing the...
LDS Church Continues Puget Sound Property Sell-Off With $6MM Seattle Meetinghouse Sale
A 2.44-acre South Seattle site anchored by a modest 1996 meetinghouse has traded for $6 million, extending a run of Church of Jesus...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland’s biggest business names could give way to a public observation deck under new owner Jeff...
Amazon Vacates 81,000 SQFT at South Lake Union Office as Downtown Seattle Vacancy Hits 35.8%
Amazon has emptied out of a six-story South Lake Union office building it has occupied since 2016, one of two large corporate move-outs...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
As Cap-Rate Compression Ends, Schnitzer Says Operators Will Win Industrial’s Next Cycle
In a wide-ranging podcast interview, longtime Oregon industrial owner Jordan Schnitzer argued that the era of cheap debt and falling cap rates that...