Seattle Social Housing Developer to Buy 195-Unit Youngstown Flats in West Seattle for $68MM
Seattle’s social housing authority is buying a 2013 West Seattle apartment building for less than it sold for eight years ago, its second...
Blue Origin Leases Full 266,000 SQFT Prologis Park SeaTac 3 in Des Moines, Filling Prologis’ Des Moines Creek Portfolio
The deal removes about 266,000 square feet of large-format space from the market as speculative construction slows and leasing in the region rises...
Downtown Seattle Hotels Hit 108% of 2019 Demand as Office Foot Traffic Stalls at 62%
The Downtown Seattle Association's latest monthly dashboard shows September hotel demand and visitor counts running ahead of 2019 levels while weekday office attendance...
Post Real Estate Group Buys 236-Unit Porchlight Apartments in Federal Way for $56.25MM, Locking In 80% AMI Rents
Beverly Hills-based Post Real Estate Group has bought Porchlight, a renovated 236-unit garden community in Federal Way, and will hold every apartment for...
Washington Sheds 15,400 Jobs in September as Back-to-School Hiring Falls Short; Unemployment Eases to 4.8%
Washington employers cut an estimated 15,400 seasonally adjusted jobs in September 2026, the state's second straight monthly decline, as state government and private...
Bellwether Housing, Chief Seattle Club Set $74.5MM Budget for 200-Unit Thunderbird Nest at North Seattle College
Bellwether Housing and Chief Seattle Club have put a name, a price tag and a schedule on the 200-unit, Native-focused affordable housing project...
BXP Lifts Seattle Occupancy to 87% as Madison Centre Renewals Anchor Downtown Rebound
BXP's downtown Seattle portfolio posted the sharpest occupancy gain among the REIT's six markets this year, buoyed by an early law-firm renewal at...
Kilroy’s Seattle Holdings Post Company’s Biggest Leasing Gain as Key Center and West8 Fill Up
Kilroy Realty's Seattle and Bellevue holdings delivered the largest leasing gain of any of the landlord's five regions in the third quarter, climbing...
SRM Development Wins Bellevue Design Approval for 146-Unit Affordable Altaire on Stalled Hotel Site
A hotel foundation in West Bellevue that sat abandoned for six years will become the second phase of an all-affordable apartment campus. The...
Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh...
75,000 SQFT Haggen Grocery in Olympia Hits Market at $19.3MM After Albertsons Extends Lease Through 2039
A Ketchum, Idaho-linked owner that paid $12 million for the West Olympia site in 2014 is testing whether a freshly extended Albertsons lease...
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...
Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh...
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...
Downtown Seattle Hotels Hit 108% of 2019 Demand as Office Foot Traffic Stalls at 62%
The Downtown Seattle Association's latest monthly dashboard shows September hotel demand and visitor counts running ahead of 2019 levels while weekday office attendance...
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,...
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...
