King County Pays $14MM for 25-Acre Former Cedar River Asphalt Plant Site Near Renton
King County paid $14 million to buy out Lakeside Industries’ 25-acre Cedar River property near Renton — once slated for an asphalt plant...
Eastman Companies Buys 192-Unit Grove at Cheney in Spokane County from Harrison Street for $18MM
The Cheney sale is one piece of a larger, three-property transaction: JLL Capital Markets announced July 27 that it had arranged $39.44 million...
Portland Apartment Vacancy Tightens to 7.1% as Values Slide 13% and Cap Rates Widen to 6.4%
Portland’s apartment market has split in two: leasing fundamentals are quietly repairing themselves as demand outruns a collapsing supply pipeline, while the capital...
Clark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Portland’s 3MM SQFT Industrial Pipeline Lands Into Record 11.1% Availability
Portland’s industrial construction pipeline has thinned to roughly 100,000 square feet of new deliveries in a single quarter even as five projects totaling...
DCI International Buys 204,000 SQFT Wilsonville Industrial Building from Bill Naito Company for $31MM
A legacy Portland ownership group has cashed out of a large Wilsonville industrial building at $151.84 per square foot, handing the keys to...
Flexential Buys 496,000 SQFT Hillsboro Data Center Campus from T5 Data Centers for $223MM
Flexential’s $223 million purchase of two Hillsboro data centers it had previously leased from T5 Data Centers accounted for the overwhelming majority of...
Lipoma Firs Townhomes Hits Market in Puyallup With Assumable 2.87% Loan on 56 Units
Berkadia has brought Lipoma Firs Townhomes, a 56-unit townhome community in Puyallup’s South Hill area, to market carrying an assumable loan priced well...
Brookfield Takes 49% Stake in Healthpeak’s $2.1B, 86-Building Outpatient Medical Portfolio for $1.025B
Healthpeak Properties has sold a non-controlling 49 percent stake in a national portfolio of 86 outpatient medical buildings to Brookfield Asset Management for...
Heron’s Key Secures $107MM in Bonds for 112,000 SQFT Expansion of Gig Harbor Life Plan Community
Emerald Communities has locked in $107.165 million in tax-exempt bonds to build out a second phase at its Heron’s Key life plan community...
Pacific Urban Investors Acquires 387-Unit A’Cappella Apartment Homes in Lynnwood for $112MM
CBRE announces $112 million sale of Lynnwood, Washington apartment community An affiliate of Pacific Urban Investors has purchased A’Cappella Apartment Homes, a 387-unit...
OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026
A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...
Portland Apartment Vacancy Tightens to 7.1% as Values Slide 13% and Cap Rates Widen to 6.4%
Portland’s apartment market has split in two: leasing fundamentals are quietly repairing themselves as demand outruns a collapsing supply pipeline, while the capital...
Clark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Portland’s 3MM SQFT Industrial Pipeline Lands Into Record 11.1% Availability
Portland’s industrial construction pipeline has thinned to roughly 100,000 square feet of new deliveries in a single quarter even as five projects totaling...
DCI International Buys 204,000 SQFT Wilsonville Industrial Building from Bill Naito Company for $31MM
A legacy Portland ownership group has cashed out of a large Wilsonville industrial building at $151.84 per square foot, handing the keys to...
Flexential Buys 496,000 SQFT Hillsboro Data Center Campus from T5 Data Centers for $223MM
Flexential’s $223 million purchase of two Hillsboro data centers it had previously leased from T5 Data Centers accounted for the overwhelming majority of...
Portland Retail Deliveries Collapse 97% as 515,000 SQFT Pipeline Stalls
Portland's retail pipeline held at 514,643 square feet in 2Q 2026 while deliveries fell to zero, extending a two-quarter drought that has left...
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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 ReadingClark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Puget Sound’s Industrial Construction Pipeline Craters 93% Even as Spec Deliveries Flood a 12.6% Vacancy Market
A cluster of large speculative projects delivered or broke ground across the Puget Sound in the second quarter even as developers slammed the...
Bellevue Moves to Rezone Bellevue College Campus With New Institutional District to Unlock Expansion
The City of Bellevue has launched a land use code amendment and legislative rezone that would create a first-of-its-kind Institutional land use district...
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...
Portland Retail Deliveries Collapse 97% as 515,000 SQFT Pipeline Stalls
Portland's retail pipeline held at 514,643 square feet in 2Q 2026 while deliveries fell to zero, extending a two-quarter drought that has left...
Toro Street Acquires 128-Unit Carriage Park in Vancouver for $29.4MM as Jackson Square Properties Exits Walnut Grove
Toro Street has paid $29.4 million for Carriage Park, a 128-unit garden-style community on Vancouver’s NE 72nd Avenue, closing out Jackson Square Properties’...
Portland’s Apartment Construction Pipeline Shrinks 36% to 4,215 Units as Deliveries Slow to 781
Developers delivered 781 apartments across the Portland metro in the second quarter and are carrying just 4,215 units in active construction, a pipeline...
Seattle Landmarks Board Weighs Historic Status for 111,000 SQFT McKinney Center in Central District
A city board will decide next week whether to advance historic protection for a six-story Central District property that began as a Black-led...
Lincoln Property and Bridge Investment Open 194-Unit 440 West Apartments on Vancouver’s Waterfront
Lincoln Property Company and Bridge Investment Group have delivered 440 West, an eight-story, 194-unit luxury apartment tower on Vancouver’s Columbia River waterfront, planting...
Metropolitan Hardwoods Renews 107,000 SQFT in Kent as the Valley Absorbs the Market’s Steepest Occupancy Losses
Metropolitan Hardwoods has renewed 107,000 square feet at its longtime Kent Valley home, keeping the building-products distributor anchored in a submarket that shed...
Capital Lumber Signs 126,000 SQFT New Industrial Lease in Puyallup/Sumner
Capital Lumber, one of the West’s largest wholesale distributors of building materials, has committed to 125,837 square feet of industrial space in Puyallup/Sumner,...
Seattle CBD Land Values Fall 47%, Bellevue Rises 1.72% in King County Revalue
King County’s 2026 commercial revalue stripped $3.12 billion from the county’s assessed commercial base, and a single appraisal area covering downtown Seattle and...
