Alexandria Swings to $638.5MM Loss on Write-Downs as CEO Ranks Seattle Among Investors’ Favored Lab Markets
Alexandria Real Estate Equities booked $637.9 million of real estate impairments in the third quarter and swung to a $638.5 million net loss,...
Bedrock Robotics Raises $600MM to Put Driverless Excavators on Construction Sites Nationwide
Bedrock Robotics, the Waymo-alumni startup that retrofits excavators to dig without anyone in the cab, closed a $600 million Series C at a...
Seattle Leads U.S. Housing Slump as Pending Home Sales Plunge 28.8% and Prices Drop 6.2%
Seattle posted the nation's steepest annual declines in both pending home sales and median sale price in Redfin's latest weekly report, as U.S....
Bellevue’s Park Row Books $150MM in Presales as King County Condo Market Tilts Toward Buyers
Bosa Development has lined up $150 million in presales at its 143-unit Park Row tower in downtown Bellevue, even as fresh Northwest MLS...
Snohomish-Based Buyers Pay $14.7MM for 49,000 SQFT Zipfizz Warehouse in Woodinville
Snohomish-based buyers pay $14.7MM for the 48,776 SF Zipfizz warehouse on 3.5 acres at 19211 144th Ave. NE in Woodinville.
Scannell Properties Plans 185,000 SQFT Spec Industrial Building in Auburn, Targeting 2028 Completion
Indianapolis-based Scannell Properties has started site work on a 185,000-square-foot speculative single-story warehouse at 6220 S. 287th St. in Auburn, the former Emerald...
New York Investors Pay $13.8MM for Lowe’s Ground Lease Next to Kent Des Moines Light Rail Station
At about $30 per square foot of land, the leased-fee deal shows how light rail is turning a 2006-era big-box site on Pacific...
UW’s Global Innovation Exchange Vacates 96,000 SQFT in Bellevue’s Bel-Red for Rent-Free Microsoft Campus, Flipping Eastside Absorption Negative
The University of Washington's Global Innovation Exchange traded roughly 96,000 square feet of leased space in Bellevue's Spring District for a rent-free home...
Kirkland Buyer Pays $8.5MM for Rezoned Michaels Site in Juanita, Cleared for Up to 300 Apartments
The lakeside parcel near Juanita Beach Park sold for about $155 per square foot of land after six competing offers, closing in under...
Seattle Awards $13.65MM to Five Developments for 77 Permanently Affordable For-Sale Homes
The City of Seattle is putting nearly twice as much money into affordable homeownership this year as it did in 2025. The awards...
Lincoln Property, DRA Advisors Buy 299,000 SQFT Portland Industrial Portfolio for $45.25MM
The five-building portfolio, marketed by JLL as fully leased Class B distribution space with a 3.8-year weighted average lease term, changed hands as...
Eastside’s 14.7MM SQFT Office Pipeline Still Has Zero Pre-Leasing as Supply Freeze Props Up Bellevue Recovery
Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and...
Lincoln Property, DRA Advisors Buy 299,000 SQFT Portland Industrial Portfolio for $45.25MM
The five-building portfolio, marketed by JLL as fully leased Class B distribution space with a 3.8-year weighted average lease term, changed hands as...
Portland Apartment Pipeline Falls 36.7% to 3,581 Units as Renters Absorb Nearly Twice What Developers Deliver
Portland renters filled nearly two apartments for every one the region delivered through the first nine months of 2026, and with the construction...
APANO, Gorman & Co. Celebrate $23.4MM, 40-Unit Jade Apartments in Southeast Portland’s Jade District
APANO and Gorman & Company will mark the opening of The Jade on Oct. 29, a $23.4 million, 40-apartment affordable community in Southeast...
Javelin Logistics Leases 98,000 SQFT at Phelan’s 138 Logistics Center in Portland’s East Columbia Corridor
Javelin Logistics' 98,280-square-foot commitment at a 2023-built Phelan Development and Clarion Partners warehouse was the largest industrial lease Kidder Mathews tracked in Portland...
Public Storage Acquires 43,000 SQFT Camas Self-Storage Facility From National Storage Affiliates for $9.4MM
A Camas self-storage facility that changed hands between two of the country's largest storage owners landed in Kidder Mathews' retail sale rankings this...
Family Trusts Acquire 12,000 SQFT Pioneer KinderCare in Ridgefield From TerraForm Companies for $8.8MM
At $735 per square foot, a newly opened KinderCare in Ridgefield traded for roughly three times the Portland metro's average retail price, as...
Seattle Leads U.S. Housing Slump as Pending Home Sales Plunge 28.8% and Prices Drop 6.2%
Seattle posted the nation's steepest annual declines in both pending home sales and median sale price in Redfin's latest weekly report, as U.S....
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
Lake Oswego’s Kruse Way Leases 128,000 SQFT at Metro-High $43.32 Rents Despite 18.1% Office Vacancy
Lake Oswego's Kruse Way corridor commands $43.32 per square foot and just posted one of the metro's strongest quarters of leasing, even as...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
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,...
Kimco Realty Buys 87,000 SQFT Canyon Ridge Plaza in Kent for $19MM
The $19 million sale of Canyon Ridge Plaza closed about $2 million below Northmarq’s $21.15 million asking price, as Kidder Mathews reports Puget...
Renee Erickson’s Sea Creatures Signs Lease at Skanska’s 541,000 SQFT The Eight, Completing Tower’s Retail Lineup
The lease completes about 11,000 square feet of ground-floor retail around the tower’s plaza and mass-timber pavilion as Eastside retail remains the tightest...
Keel Infrastructure Builds 18 MW AI Data Center in Moses Lake With $129MM Vertiv Commitment as Grant PUD Power Tightens
Keel Infrastructure, the former bitcoin miner once known as Bitfarms, is pouring foundations and setting steel on an 18-megawatt AI data center in...
Healthcare Occupier’s 261,000 SQFT Move-In at Longacres Gives Renton Puget Sound’s Largest Q3 Office Absorption Gain
A confidential healthcare occupier filled 261,000 square feet across two buildings at Renton's Longacres office campus in the third quarter, handing Renton 309,000...
DuPont Becomes Puget Sound’s Only 100% Vacant Office District as 349,000 SQFT Former State Farm Campus Sits Empty
CBRE's third-quarter survey shows DuPont is the only district in Puget Sound with every square foot of its office stock empty, a figure...
Puget Sound Retail Absorbs 231,000 SQFT in Q3 as Vacancy Holds at 3.9%
Puget Sound retailers absorbed a net 231,000 square feet of space in the third quarter, stretching a 2026 recovery that has wiped out...
Class A Office Captures Over 80% of Puget Sound Leasing, Its Highest Share Since 2021, as Rents Stay Flat
Tenants signing office leases across Puget Sound in the third quarter chose top-tier buildings more decisively than at any point in at least...
Puget Sound Cap Rates Hold Near 5.5% as 10-Year Treasury Tests 5%
With the 10-year Treasury yield sitting around 5 percent and the Federal Reserve back in tightening mode, Puget Sound apartment and industrial cap...
