Port of Everett Secures Key Mukilteo Waterfront Parcels, Prepares Spring Solicitation for Developer on 26-Acre Mixed-Use Vision
After a multi-year planning effort and two strategic property acquisitions, the Port is ready to seek a private partner to transform a mile...
Eastern Washington Apartment Market Posts $388MM in 2025 Sales as Value-Add Properties Drive Transactions
The Eastern Washington multifamily market rebounded from a sluggish start to record its strongest fourth quarter since 2021 Eastern Washington’s apartment investment market...
Seattle’s Benaroya Hall to Close Six Weeks in Summer for $20MM Renovation of Public Spaces
The 28-year-old downtown Seattle concert hall will undergo its most significant physical upgrade since opening, adding a café, new lounge, community room and...
Alliance Residential’s 304-Unit Broadstone 200 Project Wins City Approval in Bellevue
The two-tower multifamily development at 200 112th Avenue NE has cleared a key regulatory milestone, receiving design review approval with conditions and a...
Berkadia Brings 71-Unit Mixed-Use Camelia on Bainbridge to Market on Washington’s Supply-Constrained Island
The core-plus multifamily and retail asset in the heart of Bainbridge Island’s Winslow Centre offers investors diversified income streams and proven value-add upside...
Bellevue Council Advances Mixed-Use Zoning Overhaul Requiring Affordable Housing and Allowing Taller Buildings Citywide
The Housing Opportunities in Mixed-Use Areas proposal would reshape development standards across Bellevue’s neighborhood centers and transit corridors following unanimous Planning Commission support....
Bellevue Advances Record $37MM Affordable Housing Investment Spanning 271 Units Across Four Projects
The City Council’s largest single funding round draws from both the Housing Stability Program and a newly tapped Affordable Housing Fund to accelerate...
Amazon Commits $50 Billion to OpenAI in Landmark AI Partnership, Expanding AWS Cloud Deal by $100 Billion
The multi-year strategic partnership will deliver a jointly developed Stateful Runtime Environment, exclusive cloud distribution for OpenAI Frontier, and customized models to power...
Brown Bear Car Wash Acquires 12,300 SQFT Former Rite Aid in Kirkland’s Totem Lake for $8MM
The Pacific Northwest car wash operator returns to a site it occupied for 14 years, planning to convert the former drugstore into a...
Unico Properties Selected as Property Manager of Five Oak in Downtown Portland After Recent Sale
In Partnership with Jeff Swickard, owner of both buildings, Unico Remains Committed to Portland’s Recovery PORTLAND, Ore. (February 26, 2026) – Unico Properties...
InSite Property Group Acquires 75,000 SQFT Tukwila Self Storage Facility for $14.7MM
The Torrance-based vertically integrated operator expands its SecureSpace brand into the Seattle metro, targeting one of the nation’s highest-occupancy self-storage markets An entity...
SMPS Pacific Regional Conference (PRC) in Seattle March 18–20, 2026: Hands-on Workshops, Single-Day Ticket, and Social Event Tickets Available
SEATTLE, Wash. — The Society for Marketing Professional Services 16th Annual Pacific Regional Conference (SMPS PRC) is taking place March 18–20, 2026, at...
Unico Properties Selected as Property Manager of Five Oak in Downtown Portland After Recent Sale
In Partnership with Jeff Swickard, owner of both buildings, Unico Remains Committed to Portland’s Recovery PORTLAND, Ore. (February 26, 2026) – Unico Properties...
Rhino Investments Group Secures $42.8MM to Refinance Multi-State Retail Portfolio that Includes 109,000 SQFT Salem, Ore. Property
Life Company Execution Supports Lease-Up and Preserves Asset-Level Flexibility for Rhino Investment Group Properties in California, Illinois, Oregon, and Wisconsin Irvine, Calif. (February...
Williams & Russell CDC and Adre Advance 20-Home Affordable Townhome Phase in North Portland
First phase of long-planned reparative housing project moves into construction, with completion targeted for Q1 2027 In North Portland’s Albina neighborhood, a long-discussed...
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Big Pink Owner Acquires 266,664 SQFT Five Oak Building in Downtown Portland
The purchase of the lender-owned office building from Nuveen follows a competitive bidding process and complements the ongoing hospitality-driven repositioning of the U.S....
204-Unit Willamette Park Apartments in West Salem Trades for $46.3MM in Q4 2025
The transaction values the 2007-vintage community at approximately $226,961 per unit, marking one of the largest multifamily sales in Salem’s history. Willamette Park,...
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 ReadingEastern Washington Apartment Market Posts $388MM in 2025 Sales as Value-Add Properties Drive Transactions
The Eastern Washington multifamily market rebounded from a sluggish start to record its strongest fourth quarter since 2021 Eastern Washington’s apartment investment market...
Kitsap County Apartment Vacancy Plunges 270 Basis Points as the Puget Sound’s Smallest Market Posts Sharpest Fundamental Improvement
A new Kidder Mathews report finds vacancy fell from 10.9 percent to 8.2 percent during 2025 — the largest decline of any submarket...
Snohomish County Apartment Sales Reach $640MM in 2025 as Measured Recovery Favors Patient Capital
A new Kidder Mathews report finds transaction volume more than doubled from 2023 levels as flat rents and a light supply pipeline keep...
The Morning After and How The Cycle Turned While You Were Sleeping
After two years of paralysis, capital is clearing its throat and deal volume is stirring — but this cycle rewards scalpels, not sledgehammers....
3D Printed Houses and Other Fairy Tales
By Billy the Broker (I just want to stay anonymous) The prophecy was always that technology would save us. And here we are in 2026,...
The $200 Billion Question: Where Does Your Tariff Tax Go?
By Billy the Broker (I just want to stay anonymous) The Trump administration is crowing about collecting $200 billion in tariff revenues this year. Customs...
McNellis on CMBS: “Commercial Mortgage BS”
By John McNellis This essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate. I was leaning against the bar...
Why CRE Experts Say the Looming $1.26 Trillion Debt Wall Can Be Scaled
By Kidder Mathews Roughly $1.26 trillion in commercial real estate loans are set to mature through 2027. Most originated in the mid-2010s, when rates averaged between...
How Does Humanity Fit into an AI World?
By Hans Hansson, President of Starboard CRE Reflections from a Real Estate Convention and Beyond Introduction: An Unexpected Encounter in Nashville Last week...
Berschauer Group Plans 50-Unit Residential Conversion of Tacoma Office-Parking Building
The Olympia-based general contractor filed pre-application documents for the conversion of a four-story structure at 1149 Market Street Fifty residential units are planned...
Seattle Emerges as Prime Target for TruAmerica’s $708MM Workforce Housing Push
Los Angeles-based investment manager eyes garden-style apartment communities in the Seattle metro as shrinking supply and rising renter demand converge As Los Angeles-based...
Legacy Partners, Silverpeak Announce Development of 138-Unit Ravine Ridge in Port Orchard with $24.28MM Construction Loan
Partnership closed loan from PNC for $24.28 millionPORT ORCHARD, Wash. (Feb. 25, 2026) – Legacy Partners (“Legacy”), a privately held national real estate...
Hudson Pacific’s $278MM Quarterly Loss Casts Shadow Over Seattle Portfolio as Amazon Anchor Holds but Pioneer Square Struggles
West Coast REIT posts fourth straight quarterly loss and $572MM full-year deficit while nine-property Puget Sound platform shows 69.5 percent occupancy and Washington...
Rhino Investments Group Secures $42.8MM to Refinance Multi-State Retail Portfolio that Includes 109,000 SQFT Salem, Ore. Property
Life Company Execution Supports Lease-Up and Preserves Asset-Level Flexibility for Rhino Investment Group Properties in California, Illinois, Oregon, and Wisconsin Irvine, Calif. (February...
LIHI and PDA Open 45-Unit Olympic Hills Tiny House Village in Seattle’s Lake City Neighborhood
The enhanced shelter marks the first significant expansion of Seattle’s shelter capacity in years, backed by $5.9 million in city funding and an...
CenterSquare Acquires 25,000 SQFT Normandy Park Towne Center from O’Keefe Development for $10.4MM in Seattle
Grocery-anchored neighborhood retail center is the firm’s second Seattle-area acquisition as it expands its national essential service retail portfolio to 74 properties. CenterSquare...
Williams & Russell CDC and Adre Advance 20-Home Affordable Townhome Phase in North Portland
First phase of long-planned reparative housing project moves into construction, with completion targeted for Q1 2027 In North Portland’s Albina neighborhood, a long-discussed...