American Tire Distributors Renews 126,000 SQFT in Kent Valley, Its First Big Northwest Bet Since Exiting Bankruptcy
American Tire Distributors has renewed 126,000 square feet at 521 8th Street SW in the Kent Valley, the second-largest industrial lease in the...
Wizards of the Coast Adds 76,000 SQFT at Renton’s Southport, Expanding the Waterfront Complex It Anchored in 2023
Wizards of the Coast has signed a new lease for 76,000 square feet at Southport on Lake Washington in Renton, taking two additional...
Verrus Proposes Oakline Data Center Campus in Salem’s Mill Creek Corporate Center
Verrus is pitching a three-building data center campus for a Heritage Oak-studded corner of Salem’s Mill Creek Corporate Center, betting that a battery-backed,...
Qumulo Renews 43,000 SQFT at Seattle’s 1501 Fourth Avenue as the CBD Turns Positive for the First Time Since 2020
Data storage company Qumulo has renewed 43,000 square feet at 1501 Fourth Avenue in downtown Seattle, one of eight key office lease transactions...
MRM Capital Sells 34,000 SQFT Office Building in Kirkland for $15.8MM
MRM Capital, the Bellevue family office that invests on behalf of the Razore family, has closed out a six-year hold on a downtown...
Da Li Development Proposes 115-Unit Apartment Tower at Seattle’s Roosevelt Station
A vacant bank branch near Roosevelt Station becomes Da Li's next bet, as unit counts shift from 100 to 120 to 115 en...
The Truck Yard Grows Up: How Industrial Outdoor Storage Became Institutional Real Estate’s Hottest Bet
A decade after a favor for a friend in the crane business pulled Alterra Property Group into the fragmented world of truck yards...
Boys & Girls Clubs of Portland Lists 10,000 SQFT Regence Club in North Portland as Deficits Deepen
Facing a fifth consecutive year of operating losses and a shrinking donor base, the Boys & Girls Clubs of Portland Metropolitan Area has...
Port of Anacortes Seeks Hotel Developer to Anchor Cap Sante Marina Waterfront Redevelopment
The Port of Anacortes has launched a search for a hotel developer to build the first-ever waterfront lodging at Cap Sante Marina, the...
Puget Sound Retail Vacancy Holds Near Record Lows as Absorption Hits Six-Year High
Puget Sound retail landlords kept the upper hand through the first half of 2026 as tight vacancy, muted new construction, and the strongest...
Magnolia Medical Technologies Takes 10,000 SQFT at Queen Anne Square as Seattle Lab Vacancy Climbs to 19%
Magnolia Medical Technologies, the Seattle diagnostics company whose Steripath device reduces false-positive blood culture results in sepsis testing, has committed to 9,751 square...
Seattle Ranks as Nation’s No. 3 AI Metro in Hubble Study as Tech Tenants Anchor Puget Sound Office Recovery
Hubble’s new ranking of the most AI-ready U.S. metros names Seattle the country’s third-strongest AI hub and the highest-scoring market outside the Bay...
Verrus Proposes Oakline Data Center Campus in Salem’s Mill Creek Corporate Center
Verrus is pitching a three-building data center campus for a Heritage Oak-studded corner of Salem’s Mill Creek Corporate Center, betting that a battery-backed,...
Boys & Girls Clubs of Portland Lists 10,000 SQFT Regence Club in North Portland as Deficits Deepen
Facing a fifth consecutive year of operating losses and a shrinking donor base, the Boys & Girls Clubs of Portland Metropolitan Area has...
Mortenson’s Portland Chief Presses Case for Public-Private Deals as $573MM Moda Center Package Stalls
Mortenson Vice President and General Manager Mike Clifford, whose firm built two of the region’s marquee public-private projects, argued in a Portland Business...
Portland Parks Files Zoning Review for Slabtown Park, 15 Years After Conway Master Plan Promised It
Portland Parks & Recreation has submitted a request for a zoning and informational meeting on a park at Northwest 20th Avenue and Pettygrove...
Metro’s $652.8MM Housing Bond Delivers 5,379 Affordable Homes Across Portland Region, Blowing Past Original Target
Eight years after Portland-area voters approved a $652.8 million bond to confront a deepening housing crisis, Metro’s 2025 annual report shows the measure...
IRG Completes Multi-Million-Dollar Overhaul of 528,000 SQFT Former NORPAC Plant in Stayton, Ore.
Industrial Realty Group has finished a top-to-bottom redevelopment of the shuttered NORPAC food-processing plant in Stayton, Oregon, converting more than 528,000 square feet...
Pacific Northwest Commercial Real Estate News
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 ReadingThe Truck Yard Grows Up: How Industrial Outdoor Storage Became Institutional Real Estate’s Hottest Bet
A decade after a favor for a friend in the crane business pulled Alterra Property Group into the fragmented world of truck yards...
Puget Sound Office Leasing Reaches 4.6MM SQFT in First Half, Strongest Since 2019 as Availability Slides to 26.5%
The Seattle/Puget Sound office market posted 2.4 million square feet of leasing in the second quarter of 2026 and 4.6 million square feet...
Puget Sound Industrial Vacancy Climbs Across All Submarkets, But Deal Flow Signals Tenants Have Stopped Waiting
Vacancy rates rose across South Seattle, Greater King County and Pierce County in the latest 60-day reading of the Puget Sound industrial market,...
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...
Merlone Geier Markets Fully Permitted 323-Unit Overlake East Development Site in Redmond
Seven years after paying $41 million for a Redmond shopping center, Merlone Geier Partners has taken a permit-ready, 323-unit residential project near the...
Immunome Expands at Alloy Innovation Center with 13,000 SQFT in Bothell Ahead of FDA Decision
Oncology company Immunome has added 13,346 square feet at 11804 North Creek Parkway, expanding within the same Bothell campus where it established its...
Zimmer Biomet Leases Entire 11,000 SQFT Georgetown Works Building in Seattle
Medical device giant Zimmer Biomet has leased 11,329 square feet in Seattle, taking an entire freestanding flex building that had sat on the...
Mortenson’s Portland Chief Presses Case for Public-Private Deals as $573MM Moda Center Package Stalls
Mortenson Vice President and General Manager Mike Clifford, whose firm built two of the region’s marquee public-private projects, argued in a Portland Business...
Portland Parks Files Zoning Review for Slabtown Park, 15 Years After Conway Master Plan Promised It
Portland Parks & Recreation has submitted a request for a zoning and informational meeting on a park at Northwest 20th Avenue and Pettygrove...
Escalante Golf Acquires Tumble Creek Private Golf Community and 330 Homesites From Suncadia in Cle Elum
Washington’s most decorated private golf community has changed hands, with Fort Worth-based Escalante Golf taking control of Tumble Creek, its clubhouse and roughly...
Tubman Health Center Clears Seattle MUP, Lands Lydig for 26,000 SQFT, $42MM Rainier Beach Clinic as Campaign Hits 80 Percent
The Tubman Center for Health & Freedom has cleared the City of Seattle’s land-use review for its 26,000-square-foot Rainier Beach clinic, named Lydig...
Asana Partners Lists for Sale 36,471 SQFT Pine & Boylston Portfolio in Seattle’s Capitol Hill
A 36,471-square-foot, fully leased two-building portfolio at East Pine Street and Boylston Avenue in Seattle’s Pike/Pine corridor has been listed for sale with...
