Onni Group Lands $41.7MM Financing to Advance Long-Delayed Block V Towers in Seattle
Eight years after paying $78.75 million for a pair of Denny Triangle parking lots, Onni Group has landed $41.7 million in financing and...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
AquaSox Warn of Relocation as Everett’s $120MM Stadium Financing Nears Deadline
Everett’s plan to keep its minor league baseball team downtown is colliding with a hard truth about stadium finance: land and design work...
Knights Commit $1.1B to Providence for Oregon’s First Women’s Hospital
Phil and Penny Knight commit $1.1 billion to Providence, funding Oregon's first women's hospital and heart care expansion.
Davis Property & Investment Secures $12MM Refinance for Center Plaza Industrial Park in DuPont
Life-insurance lender Securian Financial backed Davis Property & Investment’s $12 million refinancing of Center Plaza in DuPont, a bet on the multi-tenant industrial...
Wilson Sonsini Plans $5.8MM Build-Out at U.S. Bank Center in Seattle
A city permit shows Wilson Sonsini's $5.8MM build-out on two floors of Seattle's nearly half-vacant U.S. Bank Center.
Nike-Leased Millikan 73 Innovation Center in Beaverton Hits Market at $32.6MM
Newmark markets the Nike-leased Millikan 73 Innovation Center in Beaverton at $32.6MM, a mission-critical Nike Air manufacturing facility.
Hexagon Energy, Weyerhaeuser Strike Deal for 3 GW of Geothermal Potential Across 145,000 Acres
Hexagon Energy leases geothermal rights on 145,000 acres of Weyerhaeuser timberland in Oregon and Washington, targeting 3 GW of clean power.
Formation Report Pinpoints Seattle-Bellevue Tax Gap as Prime Driver of Eastside Office Migration
Formation's assessment of Seattle's economy models a per-engineer tax gap of $10,000 to $30,000 a year between Seattle and neighboring Bellevue, offering a...
Higher-for-Longer Rates End the Cheap-Money Playbook for Puget Sound Real Estate, Economist Ken Rosen Says
The end of a 17-year stretch of near-zero real interest rates will push Puget Sound and Portland investors back to leasing, operations and...
SR 167 Expressway Opens Near Port of Tacoma, Bolstering Kent Valley Freight Corridor
Decades after it was first envisioned, Washington has opened the initial two-mile leg of the State Route 167 expressway near the Port of...
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...
Knights Commit $1.1B to Providence for Oregon’s First Women’s Hospital
Phil and Penny Knight commit $1.1 billion to Providence, funding Oregon's first women's hospital and heart care expansion.
Hexagon Energy, Weyerhaeuser Strike Deal for 3 GW of Geothermal Potential Across 145,000 Acres
Hexagon Energy leases geothermal rights on 145,000 acres of Weyerhaeuser timberland in Oregon and Washington, targeting 3 GW of clean power.
Verdant Development Acquires 438-Unit Oregon Apartment Portfolio for $83MM from Bender Equities
Verdant Development Inc. has purchased two well-occupied Oregon apartment communities totaling 438 units — the 257-unit Oak Vale in Corvallis and the 181-unit...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
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...
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 ReadingSeattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
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...
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...
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...
Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral
A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...
Seattle Construction Costs Trail National Pace as Q2 Costs Rise 3.48%
Seattle’s non-residential construction costs kept climbing in the second quarter of 2026, but at a pace that continues to lag the rest of...
Construction Underway on Mercy Housing’s 233-Unit Affordable TOD in Kent
Built on a parcel Sound Transit sold at a $6.5 million discount to spur affordable development, Kent Multicultural Village pairs 233 housing units...
Fully Permitted 111-Unit Development Site Hits Market in Columbia City
As Seattle’s multifamily deliveries fell 53 percent year over year, a triangular Rainier Avenue South parcel entitled for 111 units and ground-floor retail...
UW Seeks GC and Architect for $36MM Acute Care Renovation at UWMC Montlake’s Pacific Tower
The University of Washington is hiring a design-build team to convert 18,500 square feet of administrative space back into acute-care beds, a stopgap...
Portland Construction Costs Keep Climbing as Building Employment Falls 8%
Portland’s non-residential builders are paying more for labor and materials even as the workforce doing that building shrinks, a divergence that Mortenson Construction’s...
Trumark Homes Plans 87-Home Sandstone Ridge Community on 18 Acres in Poulsbo
Trumark Homes has selected an 18-acre site in Poulsbo for its first Washington land acquisition since buying local homebuilder JK Monarch in March,...
Four-Home Shoreline TOD Assemblage Nears $11.5MM Sale, Setting Up Guardian Affordable Apartments Near 185th Station
A quartet of single-family owners along Third Avenue Northeast has bundled nearly two acres of midrise-zoned land steps from Shoreline's newest light-rail station...
