Kroger Closes Tacoma Fred Meyer and Mill Creek QFC as Puget Sound Grocery Retreat Widens
Kroger has shuttered a Fred Meyer in Tacoma and a QFC in Mill Creek, the first two Puget Sound casualties of a national...
Portland Opens $216MM Seismic Washington Park Reservoir, Unveils Public Plaza After Decade-Long Rebuild
The Portland Water Bureau has opened its rebuilt Washington Park Reservoir to the public, capping a decade-long, $216 million effort to replace two...
Kilroy Realty CFO Jeffrey Kuehling Exits as Eliott Trencher Takes Interim Finance Helm
Kilroy Realty Corporation said Chief Financial Officer Jeffrey Kuehling is departing the Los Angeles-based office and life science REIT effective immediately, handing interim...
Seattle Leads Nation in Pending Home-Sales Drop as Tech Layoffs Rattle Buyers
Seattle recorded the nation's steepest drop in pending home sales in July as tech-sector layoffs and a median price near $810,000 pushed cautious...
Phoenix Property Files $25MM Plan for 150-Unit Ravenna Apartments in Seattle
Phoenix Property Company files plans for a six-story, 150-unit apartment building on Ravenna's restaurant row in Seattle.
TPG-Affiliated Buyer Pays $12.2MM for 5.71-Acre Fall City Land Site
An institutional housing platform has paid $12.2 million for a stretch of undeveloped land in the small unincorporated King County community of Fall...
James Beard Public Market Secures Construction Permit for 2027 Portland Opening
A construction permit from the City of Portland clears the James Beard Public Market to enter its next building phase, advancing a $35...
Outdoor Research Relocates Seattle HQ to 8,000 SQFT West Seattle Waterfront Office
Outdoor Research moves its Seattle HQ to a 7,916 SQFT West Seattle waterfront office, a sharp downsize from its former SoDo headquarters.
Tri Pointe Homes Opens 63-Home Plateau at Liberty Bay Community in Poulsbo
Tri Pointe Homes opened its eighth Poulsbo neighborhood since 2007 at a moment when Kitsap County’s tighter land supply has shrunk the builder’s...
Reality Sports Foundation Files Plans to Convert Former Tacoma School Campus Into Multisport Training Center
Reality Sports Foundation has filed pre-construction documents to remake the shuttered Sound Christian Academy campus in South Tacoma into dedicated volleyball, wrestling and...
St. Regis Properties Secures $23.25MM Refinance for 105-Unit Align Apartments in Federal Way
St. Regis Properties tapped a life company correspondent lender instead of the debt funds that typically price bridge loans at this leverage, landing...
Puget Sound’s Industrial Construction Pipeline Craters 93% Even as Spec Deliveries Flood a 12.6% Vacancy Market
A cluster of large speculative projects delivered or broke ground across the Puget Sound in the second quarter even as developers slammed the...
Portland Opens $216MM Seismic Washington Park Reservoir, Unveils Public Plaza After Decade-Long Rebuild
The Portland Water Bureau has opened its rebuilt Washington Park Reservoir to the public, capping a decade-long, $216 million effort to replace two...
James Beard Public Market Secures Construction Permit for 2027 Portland Opening
A construction permit from the City of Portland clears the James Beard Public Market to enter its next building phase, advancing a $35...
Ready Capital Lands $141MM C-PACE Loan From Peachtree Group to Recapitalize Ritz-Carlton Portland Tower
Ready Capital has closed a $141 million C-PACE loan from Peachtree Group to recapitalize Block 216, the 35-story downtown tower housing the Ritz-Carlton...
Perry Ellis Returns Jantzen Swimwear to Portland with 25,000 SQFT Lincoln Place Lease
Perry Ellis International’s swimwear division signed a long-term lease for 25,289 square feet at Schnitzer Properties’ Lincoln Place, moving the Jantzen brand from...
Portland Council Pledges $120MM Toward $600MM Moda Center Overhaul to Keep Blazers
Wednesday’s vote sets the stage for months of high-stakes bargaining with the Trail Blazers’ new ownership, whose rocky start with City Hall has...
Portland Committee Advances 3,000-Seat Broadway Venue at PSU, Backs Keller Auditorium Downsizing
A divided Portland City Council committee voted Tuesday to advance a $137.5 million plan for a new Broadway venue at Portland State University...
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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...
Continue ReadingSeattle Leads Nation in Pending Home-Sales Drop as Tech Layoffs Rattle Buyers
Seattle recorded the nation's steepest drop in pending home sales in July as tech-sector layoffs and a median price near $810,000 pushed cautious...
Patience Over Growth: TruAmerica’s Bob Hart on the National Multifamily Reset
In a wide-ranging interview on CBRE's The Weekly Take podcast, TruAmerica Multifamily founder Bob Hart laid out how a four-decade veteran is navigating...
PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds
A Bellevue-Redmond grid capacity study conducted with Puget Sound Energy concludes the utility must construct a new Central Bellevue substation called Vernell and...
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...
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)...
Ready Capital Lands $141MM C-PACE Loan From Peachtree Group to Recapitalize Ritz-Carlton Portland Tower
Ready Capital has closed a $141 million C-PACE loan from Peachtree Group to recapitalize Block 216, the 35-story downtown tower housing the Ritz-Carlton...
Trinity Lutheran Church Lists 13,728 SQFT Historic Everett Building for $1.71MM
Facing the same pressures reshaping historic congregations across Puget Sound, Trinity Lutheran Church has listed its Bebb and Gould-designed Everett sanctuary for $1.71...
Perry Ellis Returns Jantzen Swimwear to Portland with 25,000 SQFT Lincoln Place Lease
Perry Ellis International’s swimwear division signed a long-term lease for 25,289 square feet at Schnitzer Properties’ Lincoln Place, moving the Jantzen brand from...
UNIQLO Brings Sixth Washington Store to Issaquah Commons on August 14
UNIQLO’s sixth Washington store opens inside Issaquah Commons on August 14, splitting a former Ross Dress for Less box with J. Crew in...
Lacey’s 54,000 SQFT Martin Way Business Park Trades for $9.1MM After Two-Week Bidding War
A Lacey flex-industrial park drew a bidding war and closed all-cash in under two weeks, a reminder that scarce, well-maintained South Sound product...
40-Unit Legacy Ridge Apartments in Tacoma Trades for $8.65MM
A brokerage team closed a Tacoma apartment sale within three days of winning the listing, before the property was ever formally brought to...
Essex Property Trust Sells 76-Unit Collins on Pine Apartments for $30MM in Seattle
Essex Property Trust closed out a 12-year hold on the 76-unit Capitol Hill property for barely more than it paid in 2014, even...
Port of Seattle Commits $1.1B to $2.5B Sea-Tac S Concourse Overhaul
The Port of Seattle Commission cleared the first $1.1 billion of a $2.5 billion plan to rebuild the airport’s oldest concourse from the...
