Labor Market Shows Persistent Weakness as Job Openings Slide to Lowest Level Since 2021
Hiring remains sluggish while layoff warnings mount, raising concerns about employment stability The American labor market continues to show signs of strain as...
Panda Express Seeks Western Washington Sites for Multi-Unit Expansion
Fast-casual leader targets Pacific Northwest with drive-thru prototype as Asian cuisine segment captures growing market share Panda Express, the nation’s largest American Chinese...
Seattle Climbs to Ninth Most Attractive Investment Market as Pricing and Economic Diversity Draw Investors
Pacific Northwest gateway rises two spots in CBRE rankings as institutional capital returns to major markets with improved fundamentals and favorable valuations Seattle...
Essex Property Trust Reports 3.1% Revenue Growth in Seattle Metro as Supply Pressures Ease
West Coast apartment REIT posts solid Pacific Northwest results despite regional occupancy dip, projects strengthening market conditions ahead Essex Property Trust’s Seattle metro...
Portland Affordable Housing Construction Jumps 153% Over Five Years
Oregon metro delivers 6,420 income-restricted units as affordable apartments reach 20 percent of new development Portland completed 6,420 affordable apartments between 2020 and...
Seattle Leads Nation in Affordable Housing Construction with 14,290 Units Delivered
Washington metro tops U.S. markets as affordable apartments reach 24 percent of all new development over five years Seattle emerged as the nation’s...
Alaska Airlines Unveils 660,000 SQFT Global Training Center in Renton
Thousands of Alaska Airlines and Hawaiian Airlines employees will now undergo training in a new 660,000-square-foot, state-of-the-art facility, which officially opened its doors...
After 106 Years, Eddie Bauer’s Retail Exit Signals End of an Era for Mall-Based Outdoor Apparel
The Seattle outdoor brand’s third bankruptcy in two decades exposes the fragility of mid-tier retail as Catalyst Brands shutters 200 stores while pivoting...
Lloyd Center Demolition Plans Advance as Portland Mall Enters Final Chapter
Owners present 5,000-unit mixed-use redevelopment plan to city officials as iconic 1960s shopping center prepares for transformation Owners of Portland’s Lloyd Center are...
Uber Explores Major Bellevue Expansion at Four106 Tower
Ride-hailing giant in talks for downtown tower space as expansion beyond Seattle headquarters amid tech firm migration to Eastside Uber Technologies Inc. is...
Databricks in Talks to Significantly Increase Bellevue Footprint with Four106 Tower Lease
AI analytics firm negotiating for bulk of downtown Bellevue’s newest office tower as company prepares for anticipated public offering Databricks Inc. is negotiating...
Downtown Seattle Ranks Second Among Peers in Residential Construction with 3,325 Units Underway
Housing development drives urban recovery as downtown population reaches record 109,845 residents, though building permits fall to historic lows Downtown Seattle’s residential construction...
Portland Affordable Housing Construction Jumps 153% Over Five Years
Oregon metro delivers 6,420 income-restricted units as affordable apartments reach 20 percent of new development Portland completed 6,420 affordable apartments between 2020 and...
Lloyd Center Demolition Plans Advance as Portland Mall Enters Final Chapter
Owners present 5,000-unit mixed-use redevelopment plan to city officials as iconic 1960s shopping center prepares for transformation Owners of Portland’s Lloyd Center are...
Pacific Northwest Multifamily Markets Navigate Divergent Paths
Seattle Attracts Surging Investment While Portland Struggles; Regional Performance Splits on Development and Demand Fundamentals The Pacific Northwest’s two largest multifamily markets delivered...
TriMet to Acquire Former Greyhound Terminal in Portland for $7MM with Plans for Bus Layover Facility
Portland transit agency scores deal on property that was once under contract for $35 million TriMet is moving forward with plans to purchase...
Portland Multifamily Vacancy Tightens to 8.5% as Development Pipeline Shrinks 66%
Average sale prices decline 9 percent year-over-year while net absorption reaches 392 units in fourth quarter Portland’s multifamily market posted improved fundamentals in...
Starwood Capital Group Sells 81-Unit Crossings at Gresham Station for $17.8MM
Buyers Pay $219,753 Per Unit for Gresham-Northwest Property as Portland Multifamily Construction Pipeline Shrinks 66 Percent Mika and Michael Aranoff purchased the 81-unit...
Labor Market Shows Persistent Weakness as Job Openings Slide to Lowest Level Since 2021
Hiring remains sluggish while layoff warnings mount, raising concerns about employment stability The American labor market continues to show signs of strain as...
Blackstone Bets $50 Billion That Real Estate’s Long Winter Is Ending
The alternative asset giant delivered its best quarter ever, but its real estate portfolio—down 16 percent since the rate cycle began—is only now...
Seattle Advances Phase Two of Comprehensive Zoning Overhaul to Address Housing Shortage
Mayor Wilson’s proposal enables multifamily housing in 30 new neighborhood centers and transit corridors as city tackles affordability crisis Seattle Mayor Katie B....
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...
Hudson Pacific’s Puget Sound Assets Hold Steady as Leasing Improves, Losses Persist
Hudson Pacific Properties’ third-quarter 2025 results showed continued financial strain for the West Coast-focused office landlord, but its Pacific Northwest assets—centered largely in...
Life Time Fitness Buys 143,000 SQFT Former Fred Meyer in Redmond for $32MM
Redmond’s Vacant Fred Meyer Finds New Owner in Fitness Industry A Fred Meyer property in Redmond that closed last year has traded hands....
U.S. Home Prices Rise 0.4% in November as Regional Gaps Continue to Widen
Wells Fargo Economics points to modest but durable appreciation amid supply limits and affordability pressure After a period of cooling that stretched through...
Intercontinental Real Estate Corporation Sells 228,000 SQFT 222 Fifth Life Science Property in Seattle for $50MM
Former Phoenix Suns owner’s affiliate purchases 222 Fifth, a 228,000-square-foot biotech hub in South Lake Union housing early-stage startup incubator A large life...
32-Unit Heather Court Apartment Property Listed at $5.25MM in Tacoma
Value-add Tacoma multifamily offering targets rent growth and renovation upside outside city regulations As investors continue to weigh where rent growth and operational...
96-Unit Gayteway at Hawks Prairie in Lacey Markets to Investors as Regional Supply Tightens
2022-vintage property targets institutional buyers as Seattle metro construction deliveries decline 33 percent and vacancy holds steady at 7.4 percent A 96-unit multifamily...
27-Unit Stateside Flats Listed for $4.9MM as Olympia Multifamily Draws Investor Focus
Residential property near downtown offers in-place income with rent growth potential As Washington’s capital continues to benefit from steady government employment and population...
Seattle’s Vera Project Announces Ambitious $2.5MM Campaign and Expansion Plans for 25th Anniversary in Georgetown Neighborhood
Seattle nonprofit unveils three-pronged initiative including new Georgetown venue, weekly free concerts, and expanded programming to support all-ages music and art The Vera...
Felton Properties Acquires 435,000 SQFT Lynnwood Medical Office Building for $48.5MM
Six-story Class A asset changes hands as Westport Capital Partners continues Pacific Northwest divestment A Class A office building in Lynnwood has traded...
