Keelbase Capital Takes Over 80-Unit The Baxter in Downtown Bellevue via Deed in Lieu, Backed by Up to $17MM Loan
An Angelo Gordon-affiliated owner handed The Baxter to Keelbase Capital through a deed in lieu of foreclosure four years after the building was...
Blackstone’s 432-Unit Ascent and Marlowe in Seattle’s South Lake Union Caught Up as $518MM Portfolio Loan Hits Special Servicing
Ascent South Lake Union and Marlowe, the 432-unit pair Blackstone bought for about $302.8 million in 2021, are now two of the last...
Navy Opens Bidding on Multibillion-Dollar Contract for New Dry Dock at Puget Sound Naval Shipyard
The Navy has opened bidding on a multibillion-dollar contract to build a Multi-Mission Dry Dock at Puget Sound Naval Shipyard in Bremerton.
Desimone Enterprises Buys 213-Site Vista Del Rio Manufactured Home Community in Vancouver for $30MM
Desimone Enterprises has bought Vista Del Rio, a 213-site, 55-and-older manufactured home community in East Vancouver, ending nearly five decades of Nielsen family...
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...
PGIM Stacks $22.7MM Mezzanine Loan on SRM Development’s Brizo Apartments in Downtown Bellevue
PGIM's real estate structured debt strategy has supplied a $22.7 million mezzanine construction loan for a 220-unit SRM Development apartment project in downtown...
Rainier Industries Renews 131,000 SQFT at Its Tukwila Headquarters on Olympic Avenue South
Rainier Industries, the 130-year-old Seattle-born maker of tents, displays, awnings and custom signage, has committed to another term at its 131,000-square-foot manufacturing headquarters...
Two Undisclosed Tenants Lease 88,000 SQFT at The VIC, Quarter’s Largest Office Deals in Portland Market
Two undisclosed tenants commit to 55,295 and 32,652 square feet at the former Hewlett-Packard campus in August, the quarter's two largest office leases...
Gresham Cinema & Wunderland Leases 17,000 SQFT at Gresham Square, Portland’s Largest Retail Lease of 3Q 2026
Wunderland's 16,707-square-foot deal at Gresham Square topped the Portland market's third-quarter retail leasing, keeping an entertainment anchor in place at an east Multnomah...
Seattle Cuts REET Forecast by $19.5MM in Sixth Straight Downgrade as Rising Rates Squeeze Property Sales
Seattle's revenue forecasters pared back the city's three-year real estate excise tax outlook for the sixth consecutive time, warning that stubborn inflation, a...
Downtown Portland Fills Vacant Storefronts With 17 Holiday Pop-Ups, Nearly Double Its 2024 Lineup
Downtown Portland Clean & Safe has recruited 17 local businesses, from a Willamette Valley winery to a Native-owned salmon seller, to occupy empty...
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
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...
Two Undisclosed Tenants Lease 88,000 SQFT at The VIC, Quarter’s Largest Office Deals in Portland Market
Two undisclosed tenants commit to 55,295 and 32,652 square feet at the former Hewlett-Packard campus in August, the quarter's two largest office leases...
Gresham Cinema & Wunderland Leases 17,000 SQFT at Gresham Square, Portland’s Largest Retail Lease of 3Q 2026
Wunderland's 16,707-square-foot deal at Gresham Square topped the Portland market's third-quarter retail leasing, keeping an entertainment anchor in place at an east Multnomah...
Downtown Portland Fills Vacant Storefronts With 17 Holiday Pop-Ups, Nearly Double Its 2024 Lineup
Downtown Portland Clean & Safe has recruited 17 local businesses, from a Willamette Valley winery to a Native-owned salmon seller, to occupy empty...
The New Home Company’s 348-Unit Axiom Apartments Nears Delivery at River Terrace in Tigard
The largest apartment project slated to finish in the Portland metro this year is pre-leasing at River Terrace, with studio rents starting near...
Alliance Residential, Carlyle Deliver 280-Unit Broadstone Walnut Grove, Portland Market’s Largest Q3 Completion, in Vancouver
The three-story community at 6712 NE 88th St. extends a multi-market Alliance Residential and Carlyle Group partnership into Clark County just as new...
Seattle Cuts REET Forecast by $19.5MM in Sixth Straight Downgrade as Rising Rates Squeeze Property Sales
Seattle's revenue forecasters pared back the city's three-year real estate excise tax outlook for the sixth consecutive time, warning that stubborn inflation, a...
Eastside Office Vacancy Climbs to 22.4%, but 755,000 SQFT of Signed Bellevue Leases Wait in the Wings
Broderick Group's third-quarter data shows the Eastside shed 292,618 square feet of occupied office space and pushed vacancy to 22.4 percent, but a...
Seattle Proposes 10.7% Permit Fee Hike, Third Straight Year of Above-Inflation Increases
Mayor Katie Wilson's 2027-2028 budget would stack a 7 percent increase on Seattle building and land use permit fees atop a 3.7 percent...
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 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 New Home Company’s 348-Unit Axiom Apartments Nears Delivery at River Terrace in Tigard
The largest apartment project slated to finish in the Portland metro this year is pre-leasing at River Terrace, with studio rents starting near...
Alliance Residential, Carlyle Deliver 280-Unit Broadstone Walnut Grove, Portland Market’s Largest Q3 Completion, in Vancouver
The three-story community at 6712 NE 88th St. extends a multi-market Alliance Residential and Carlyle Group partnership into Clark County just as new...
Crusoe’s 46,000 SQFT Key Center Expansion Puts AI at the Front of a Bellevue Market Running Short on Big Class A Blocks
CBRE's third-quarter 2026 Seattle office report places Crusoe Energy Systems' 46,000-square-foot expansion at Kilroy Realty's Key Center among the quarter's defining deals, a...
Seattle Cruise Business Hits Record 330 Calls, $1.2B Impact as MSC and Virgin Voyages Debut
The Port of Seattle closed its 2026 Alaska cruise season with a record 330 ship calls, nearly 2 million revenue passengers and an...
276-Unit Hyas Point Apartments Begins Leasing on Washougal’s Columbia River Waterfront
Two of four buildings in the first phase of RKm Development and the Port of Camas-Washougal's 23-acre waterfront project are leasing with up...
SRM Clears Downtown Bellevue Corner, Wins State Backing for $9.5MM Cleanup Ahead of 376-Unit 12 Bellevue
With the old Jack in the Box and 7-Eleven buildings now demolished, SRM Development has secured a Washington Department of Ecology opinion that...
Seattle Life Science VC Plunges 58% to $396MM as Bay Area Funding Holds at $8.3B
Seattle life science companies raised only $395.9 million through the third quarter, on pace for the weakest year since at least 2022, as...
Deacon’s 225-Unit West Main Commons Rises in Battle Ground After Years of Delay
Four years after Battle Ground's council narrowly approved an $85 million mixed-use plan for West Main Street, Deacon Development's apartments are slated for...
