Rivian Micromobility Spinoff Also Lands 17,000 SQFT Office and Retail Hub in Seattle’s North Lake Union, Backfilling Overland AI
The electric micromobility company spun out of Rivian has quietly established its first major beachhead outside Silicon Valley at Seattle's Blue Rooster Building...
Washington’s Labor Force Participation Sinks to Near 50-Year Low as Productivity Leads the Nation
Newly released federal labor data shows Washington's share of working-age residents holding or seeking work has slipped to 62.1 percent, among the lowest...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
Cordillera Homes Completes Concrete Structure at Kirkland’s Only New Condo Project, Central Peak
Cordillera Homes has completed the most complex structural pour of Central Peak Residences — a 650-cubic-yard, 10-hour transfer deck operation — clearing the...
LDS Church Continues Puget Sound Property Sell-Off With $6MM Seattle Meetinghouse Sale
A 2.44-acre South Seattle site anchored by a modest 1996 meetinghouse has traded for $6 million, extending a run of Church of Jesus...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland’s biggest business names could give way to a public observation deck under new owner Jeff...
Amazon Vacates 81,000 SQFT at South Lake Union Office as Downtown Seattle Vacancy Hits 35.8%
Amazon has emptied out of a six-story South Lake Union office building it has occupied since 2016, one of two large corporate move-outs...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
As Cap-Rate Compression Ends, Schnitzer Says Operators Will Win Industrial’s Next Cycle
In a wide-ranging podcast interview, longtime Oregon industrial owner Jordan Schnitzer argued that the era of cheap debt and falling cap rates that...
Meta Lists 135,000 SQFT in Seattle and Redmond for Sublease as Washington Retreat Deepens
Meta has placed roughly 135,000 square feet of additional Seattle-area office space on the sublease market, listing space in Seattle's Sodo neighborhood and...
Student Housing Is Now an Institutional Asset Class, and Seattle’s U District Is the Northwest’s Proving Ground
Blackstone, KKR and Greystar have made purpose-built student housing a core institutional holding, and the high-rise wave around the University of Washington, unleashed...
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland’s biggest business names could give way to a public observation deck under new owner Jeff...
Vintage Aviation Museum Acquires Historic Tillamook WWII Blimp Hangar for $1 as Roof Repairs Begin
The Port of Tillamook Bay has handed one of the largest wooden structures in the world to a Utah nonprofit for a single...
Oregon’s Labor Force Participation Holds Above the U.S. Average but Stays Far Below Its Peak
Federal labor data shows 62.4 percent of Oregonians were working or looking for work in July, a rate that edges out both the...
Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units
Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...
Schnitzer Sees a Smaller, Housing-Led Downtown as Portland’s Path Back
Longtime Portland owner Jordan Schnitzer says the city's downtown must shed a glut of office space and convert to housing and waterfront life...
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 ReadingWashington’s Labor Force Participation Sinks to Near 50-Year Low as Productivity Leads the Nation
Newly released federal labor data shows Washington's share of working-age residents holding or seeking work has slipped to 62.1 percent, among the lowest...
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Everwild Nordic Spas Hunts Washington Sites, Targeting 80,000 SQFT Urban Buildings and 5-Acre Parcels
First Western Properties has been tapped to source Washington acquisition targets for Everwild Nordic Spas & Hotels, the Basecamp Resorts brand that is...
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 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...
Vintage Aviation Museum Acquires Historic Tillamook WWII Blimp Hangar for $1 as Roof Repairs Begin
The Port of Tillamook Bay has handed one of the largest wooden structures in the world to a Utah nonprofit for a single...
Oregon’s Labor Force Participation Holds Above the U.S. Average but Stays Far Below Its Peak
Federal labor data shows 62.4 percent of Oregonians were working or looking for work in July, a rate that edges out both the...
Washington Commerce Opens Comment Period on Draft Transit-Oriented Development Guidebook
The state has published a draft guidebook intended to walk cities through a zoning mandate few of them asked for but all of...
Arlington-Based Entity Buys 70,000 SQFT Kent Warehouse Occupied by The BoxMaker for $12.5MM
The sale closes even as Kent Valley’s industrial vacancy climbs and the Southend submarket posts more than a million square feet of negative...
North Star Glove Company Doubles Tacoma Footprint to 66,000 SQFT in One of Pierce County’s Largest Leases
A 116-year-old Tacoma glove manufacturer is betting on vertical integration over outsourcing, more than doubling its footprint in a historic South End building...
Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units
Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...
Schnitzer Sees a Smaller, Housing-Led Downtown as Portland’s Path Back
Longtime Portland owner Jordan Schnitzer says the city's downtown must shed a glut of office space and convert to housing and waterfront life...
Washington Ends Data Center Equipment Tax Break as Hardware Nears 93% of Capex
Senate Bill 6231 stripped the sales tax exemption from data center equipment repair and replacement statewide on July 1, landing squarely on the...
