Meta Reverses Course Again, Puts 212,000 SQFT Block 13 Tower up for Sublease in Bellevue
CBRE has hit the market with the full 212,128 square feet of Meta’s shell-condition Block 13 tower in Bellevue’s Spring District, a sublease...
291,600 SQFT Bridgestone-Leased Cross-Dock Facility Hits Market Near PDX Airport
A 291,600-square-foot cross-dock facility fully leased to Bridgestone has hit the market near Portland International Airport.
Thurston County Opens 56,000 SQFT Sheriff’s Headquarters in Former State Parks Building After $14.25MM Tumwater Buy
A former state agency headquarters near Interstate 5 has become the long-sought single home for Thurston County's law enforcement operations, financed entirely outside...
TMT Development to Wind Down as Moyer Trust Shifts Portland Towers to Meritus
The trustee overseeing Tom Moyer's real estate empire is stripping property management of Fox Tower, Park Avenue West and other downtown Portland landmarks...
Port of Seattle Advances $131MM Terminal 91 Uplands Project, Adding 400,000 SQFT of Maritime Industrial Space in Seattle
The Port of Seattle is pushing its long-planned Terminal 91 Uplands redevelopment into design and demolition, wagering $131 million that new light-industrial space...
91-Unit Indigo Apartments Hits Market in Tacoma for $9.8MM
A fully renovated 91-unit apartment community in Tacoma has hit the market for $9.8 million, giving investors a below-replacement-cost entry point in a...
Trimark Property Group Sells 42,000 SQFT Eastside Office Center for $13.89MM in Bellevue
MJMS Bellevue pays $13.89 million for the fully leased Eastside Office Center as I-90 corridor vacancy holds above 40 percent.
Larson Automotive Affiliate Pays $11.3MM for Infiniti of Tacoma at Fife Dealership Property
A Larson Automotive Group affiliate paid $11.3 million for the Infiniti of Tacoma at Fife dealership property, records show.
Tumwater Advances $18MM Southeast Water Reservoir to Unlock Residential Growth in Thurston County
The city of Tumwater has pushed its long-planned Southeast Water Reservoir to the 90 percent design mark, a 3-million-gallon tank and multi-mile water...
Issaquah’s Real Estate Tax Fund Heads for Deficit by 2029 as City Bets $7.5MM on Transit-Oriented Housing
Issaquah's finance staff have flagged that the revenue streams tied most directly to the local real estate market are weakening at the same...
Barry Gosin to Step Down as Newmark CEO After Nearly Five Decades; Board Targets Successor by Year End
Barry Gosin, who built Newmark from a regional brokerage into one of the fastest-growing publicly traded commercial real estate firms in the world,...
Bellevue Anchors Puget Sound Office Rebound as Regional Vacancy Climbs to 23.4% in Q2 2026
A widening split defined the Puget Sound office market in the second quarter of 2026, with Bellevue’s AI-fueled leasing surge and a thinning...
291,600 SQFT Bridgestone-Leased Cross-Dock Facility Hits Market Near PDX Airport
A 291,600-square-foot cross-dock facility fully leased to Bridgestone has hit the market near Portland International Airport.
TMT Development to Wind Down as Moyer Trust Shifts Portland Towers to Meritus
The trustee overseeing Tom Moyer's real estate empire is stripping property management of Fox Tower, Park Avenue West and other downtown Portland landmarks...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
Macerich Readies $372MM for Mall Acquisitions as Oregon Anchors Its Pacific Northwest Position
Macerich has $372 million in unsettled forward equity earmarked for enclosed mall acquisitions at stabilized yields of 9 to 11 percent, a war...
Oregon Importers Paid $2.89B in Tariffs as Exports Fell 17%, State Report Finds
A new analysis commissioned by Gov. Tina Kotek found that Oregon absorbed $2.89 billion in tariff costs over 10 months of 2025 and...
ODOT Draft Estimate Pushes Rose Quarter Freeway Project to $3.6B, Leaving Nearly $3B Unfunded
A draft internal cost memo prepared by the Oregon Department of Transportation and posted publicly this week values the remaining unfunded work on...
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Issaquah’s Real Estate Tax Fund Heads for Deficit by 2029 as City Bets $7.5MM on Transit-Oriented Housing
Issaquah's finance staff have flagged that the revenue streams tied most directly to the local real estate market are weakening at the same...
Barry Gosin to Step Down as Newmark CEO After Nearly Five Decades; Board Targets Successor by Year End
Barry Gosin, who built Newmark from a regional brokerage into one of the fastest-growing publicly traded commercial real estate firms in the world,...
Microsoft Stretches Data Center, Office Building Depreciation to 25 Years, Reshaping $175B CapEx Plan
The software giant told analysts on its fiscal fourth-quarter earnings call that lengthening the accounting life of its global data centers and offices...
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)...
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...
Brookfield Lands $210MM Refinancing on Meta-Leased Bellevue Offices as KBRA Values 543,000 SQFT Complex 33% Below Appraisal
Brookfield Premier Real Estate Partners is refinancing two Spring District office buildings fully leased to Meta with $210 million in new CMBS debt,...
Ardent Companies Acquires Loan on Steinhauer’s Pioneer Square Tower-and-Hotel Complex in $107MM Seattle Recapitalization
County records show that Atlanta-based The Ardent Companies has taken over the mortgage tied to Seattle's 255 South King Street complex, home to...
American Capital Group Moves Forward with 449-Unit Mixed-Use Tower in Bellevue’s Wilburton Neighborhood
American Capital Group is seeking design review and critical-area variances to build 449 apartments, including 90 affordable units, on a steeply sloped former...
Realty Income Affiliate Buys 30,000 SQFT Tesla Collision Site in Tacoma for $18.4MM
Realty Income's institutional net-lease fund paid $18.4 million for the purpose-built Tesla collision facility, more than doubling what Drake Real Estate Services spent...
Bellwether Housing Files Plans for 126-Unit Affordable Housing Development in Bellevue’s Wilburton
Bellwether Housing has submitted design review plans for an eight-story, 126-unit development at 12000 NE Bellevue-Redmond Road, advancing a city-backed affordable housing project...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
$14.6MM Construction-to-Permanent Loan Secured for 65-Unit Milano Issaquah Apartments
Gantry secured a $14.6 million construction-to-permanent loan for the 65-unit Milano Issaquah Apartments near Costco's headquarters.
MRM Capital Lists for Sale 102-Unit BELL10 Development in Downtown Bellevue
An entitled site for a 102-unit apartment development has hit the market in Downtown Bellevue just as the submarket’s housing pipeline hits a...
