125-Unit Chambers Reserve Build-to-Rent Townhome Community in Lacey Sells for $53MM
The newly built Lacey community of three- and four-bedroom townhomes sold for about $424,000 per unit, roughly 53 percent above the Puget Sound...
Rise Properties Trust Affiliate Sells 366-Unit The Groves in Kent to Trinity Affiliate for $72MM
Trinity Property Consultants, which manages about 45,000 units nationwide, picked up the former Mosaic Hills apartments for about $196,700 per unit. That is...
Washington Wage Floor Hits $17.73 in 2027 as Seattle Climbs to $22.14, Raising the Bill for Retail and Hospitality Tenants
Washington's statewide wage floor climbs to $17.73 an hour on Jan. 1, while Seattle moves to $22.14 and a sharply higher overtime-exempt salary...
Birch Community Services Leases 51,000 SQFT East Portland Warehouse, More Than Doubling Its Space
Birch Community Services is gaining 29,000 square feet, better loading and more parking, and separating the areas where participants shop from warehouse operations.
La Caisse Affiliate Sells 116,000 SQFT Renton Warehouse for $19.6MM in Third Puget Sound Exit in Two Weeks
IC Industrial REIT sold its 1974-built Thomas Avenue warehouse for about $169 per square foot, bringing its Kent, SeaTac and Renton sales to...
Entitled Belltown Tower Site in Seattle Hits Market for $6.65MM With Upzone Path to 195 Units
The 2407 1st Ave. site already has its permits for a 166-unit mixed-use tower, is listed at about 24 percent below its last...
Hako San Café & Bar Signs 3,060 SQFT Lease as Anchor Retail at Kirkland’s Central Peak Residences
Hako San Café & Bar signs on as anchor retail tenant at Cordillera Homes' 26-unit Central Peak Residences in downtown Kirkland.
Seattle, Portland Post Highest Big-Box Warehouse Construction Costs in the Americas
Seattle and Portland now carry the highest costs in the Americas for big-box warehouse construction, with a 901,000-square-foot shell running about $100 million...
Kabani Hotel Group CEO Urges Owners to Tighten Risk Controls as 7% Debt, AI and Insurance Costs Mount
Kabani Hotel Group founder Ahmed Kabani is urging hotel owners to tighten risk controls while markets still feel calm, and his seven-point checklist,...
Trepp: Seattle Office Slips, but Seattle Apartments and Portland Self-Storage Rank Among West’s Safest
Trepp analysts told a national webinar audience that Seattle's office market is weakening at the margins, even as the metro's multifamily loans and...
North40 Capital Buys 15-Unit Narrows Townhomes in Tacoma for $7.3MM
Puyallup-based North40 Capital pays $7.3 million for the 15-unit Narrows Townhomes in Tacoma's West End, about $486,667 per unit.
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...
Birch Community Services Leases 51,000 SQFT East Portland Warehouse, More Than Doubling Its Space
Birch Community Services is gaining 29,000 square feet, better loading and more parking, and separating the areas where participants shop from warehouse operations.
Seattle, Portland Post Highest Big-Box Warehouse Construction Costs in the Americas
Seattle and Portland now carry the highest costs in the Americas for big-box warehouse construction, with a 901,000-square-foot shell running about $100 million...
Trepp: Seattle Office Slips, but Seattle Apartments and Portland Self-Storage Rank Among West’s Safest
Trepp analysts told a national webinar audience that Seattle's office market is weakening at the margins, even as the metro's multifamily loans and...
Copia Power Seeks 106 Acres of BLM Land Near Hermiston for Oregon’s First Federal-Land Data Center
Copia Power, the Carlyle-founded energy and data center developer that EQT bought this summer, has filed to build a data center and battery...
Genentech Breaks Ground on $750MM, 211,000 SQFT Manufacturing Expansion in Hillsboro
Genentech broke ground on a $750MM, 211,000 SF expansion in Hillsboro that will add device fill-finish manufacturing and 250 jobs by 2031.
University of Maryland Climate Database Puts Pacific Northwest Building Owners on Notice
A new University of Maryland database of 1,406 local climate and energy policies across 157 U.S. cities counts Seattle, Tacoma, Portland and Salem...
Washington Wage Floor Hits $17.73 in 2027 as Seattle Climbs to $22.14, Raising the Bill for Retail and Hospitality Tenants
Washington's statewide wage floor climbs to $17.73 an hour on Jan. 1, while Seattle moves to $22.14 and a sharply higher overtime-exempt salary...
Wells Fargo’s Higher Rate Floor Tests Northwest Housing as Data Centers and Power Drive Construction
Wells Fargo's September economic outlook points to a widening split in Pacific Northwest real estate: a data-center and power construction build-out gaining momentum...
Puget Sound Apartment Developers Shelve Projects as Approved Pipeline Shrinks to 12,931 Units
Puget Sound apartment developers formally shelved a meaningful number of projects over the past year instead of extending permits, shrinking the region's approved...
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,...
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...
Realty Income Buys 501,000 SQFT Fife Warehouse From Clarion Partners for $108MM
Clarion Partners has sold its fully leased Pacific Coast Corporate Park distribution building in Fife to Realty Income for about $215 per square...
Seattle Sheds 18,605 Jobs as Downtown Absorbs 70% of Losses, DSA Report Finds
The Downtown Seattle Association's new employment report finds that Seattle shed 18,605 jobs between 2024 and 2025, with downtown absorbing roughly 13,000 of...
Copia Power Seeks 106 Acres of BLM Land Near Hermiston for Oregon’s First Federal-Land Data Center
Copia Power, the Carlyle-founded energy and data center developer that EQT bought this summer, has filed to build a data center and battery...
Genentech Breaks Ground on $750MM, 211,000 SQFT Manufacturing Expansion in Hillsboro
Genentech broke ground on a $750MM, 211,000 SF expansion in Hillsboro that will add device fill-finish manufacturing and 250 jobs by 2031.
Eastern Sunrise Seeks Phased Permit for $18MM, 155-Room Student Housing in Seattle
Eastern Sunrise seeks a phased permit to fast-track demolition on a fire-damaged site for an $18MM, six-story student housing project on the Ave.
University of Maryland Climate Database Puts Pacific Northwest Building Owners on Notice
A new University of Maryland database of 1,406 local climate and energy policies across 157 U.S. cities counts Seattle, Tacoma, Portland and Salem...
Industrious Leases 22,000 SQFT at Skanska’s The Eight in Downtown Bellevue
Industrious is expanding in downtown Bellevue by taking a full floor at The Eight. Tenants leased 851,000 square feet in Bellevue's central business...
Sellen Tops Out $140MM Memorial Stadium Rebuild at Seattle Center
The rebuild of Seattle's 79-year-old Memorial Stadium has reached its structural peak, putting one of the city's most closely watched public-private partnerships on...
