MG Properties Pays $53MM for 164-Unit Woodcreek Apartments in Lynnwood
The acquisition marks MG Properties’ latest move in a Seattle-area buildout that has added roughly a dozen communities since 2015, following its $95.6...
Waterton Acquires 344-Unit Arrivé High-Rise in Seattle’s Belltown for $155MM
Waterton plans a light value-add renovation of Arrivé’s lobby, amenities and units, betting on Belltown’s walkable access to Amazon, Google and Apple even...
RAJ Sports Opens $150MM Kaiser Permanente Performance Center for Thorns, Fire in Hillsboro
RAJ Sports has opened a 63,000-square-foot, dual-sport training campus in Hillsboro, Oregon for the Portland Thorns and the WNBA’s expansion Portland Fire, backed...
T-Mobile Cuts 77 Jobs, Fully Exits Bothell’s Canyon Pointe Office Campus
T-Mobile is walking away from the last of its office space at a Bothell campus it once occupied in full, a real estate...
Varamini Family Plans Sid’s Tavern Sports Bar in Former Burbs Burgers Space Near Lumen Field
The family behind Gantry Public House has filed to open a second sports bar and restaurant, Sid’s Tavern, in a vacant Pioneer Square...
Wallace Ranch Nears Plat Approval for First Riverfront Lots on Cle Elum Cattle Ranch
Kittitas County records show the Wallace family’s push to develop part of its longtime cattle ranch along the Yakima River involves far more...
Cristo Rey Seattle Locks Down Rainier Beach Land for $3.6MM Ahead of $15MM Campus Expansion
As the Cristo Rey Network marks 30 years of subsidized Catholic education nationally, its Seattle campus is cementing its own future with a...
Seattle Launches $5MM Program to Help Legacy Homeowners Build ADUs
Backed by a $5 million HUD grant, Seattle’s planning department is building consultants, a debt-free co-development pilot, and an updated property-lookup tool to...
Sound Transit Board Set to Authorize Acquisitoin of 55 West Seattle Link Parcels
Sound Transit’s board is poised to convert years of conditional authority into funded condemnation power over 43 full-fee and 12 partial acquisitions, provided...
Downtown Seattle Sets Recovery Records as Office Vacancy Climbs Near 35%
The Downtown Seattle Association’s July data shows apartment occupancy, hotel demand and transit ridership all beating or matching pre-pandemic benchmarks, even as office...
Pillar Communities Sells 106-Unit Aperture on Fifth in Seattle’s South Lake Union for $32.3MM
The $32.3 million sale of the 12-year-old apartment building marks an exit for Phoenix-based Pillar Communities, which developed the property in 2014 and...
Essex Property Trust Settles RealPage Rent-Algorithm Antitrust Case for $36.5MM
Essex Property Trust used its second-quarter earnings report to disclose it had fully resolved the closely watched antitrust claims tied to RealPage’s rent-setting...
RAJ Sports Opens $150MM Kaiser Permanente Performance Center for Thorns, Fire in Hillsboro
RAJ Sports has opened a 63,000-square-foot, dual-sport training campus in Hillsboro, Oregon for the Portland Thorns and the WNBA’s expansion Portland Fire, backed...
USTA Pacific Northwest Lands Long-Term Lease for Portland Tennis Center With $2.3MM Overhaul
Portland Parks & Recreation is handing day-to-day control of one of the city’s signature recreational assets to a nonprofit tennis organization, a deal...
6.44-Acre Gateway Development Site in Portland Listed for $19.99MM
SVN Imbrie is marketing the 31-parcel, shovel-ready assemblage with completed street infrastructure and zoning for buildings up to 120 feet tall, pitching it...
Seattle Cements No. 2 Tech Talent Rank as AI Hiring Reshapes the Pacific Northwest
Seattle held firm as North America's second-strongest tech talent market on the strength of double-digit workforce growth and one of the continent's densest...
Genentech to Invest $750MM to Double Hillsboro Manufacturing Campus
Genentech will invest approximately $750 million to double its Hillsboro, Oregon manufacturing campus with a new device fill-finish facility, adding 250 jobs as...
Free Geek Moves Into 17,430 SQFT Portland Industrial Building Amid Tight Close-In Market
Free Geek is relocating from its 1731 SE 10th Avenue site to a 17,430-square-foot industrial building three blocks away at 1700 SE Grand...
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2026 Pacific Northwest CRE Rising Stars
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Seattle Launches $5MM Program to Help Legacy Homeowners Build ADUs
Backed by a $5 million HUD grant, Seattle’s planning department is building consultants, a debt-free co-development pilot, and an updated property-lookup tool to...
Bellevue Eyes Eastgate Office Corridor for Mixed-Use Overhaul Under New Area Plan
Bellevue's Planning Commission will weigh a plan to redevelop Eastgate's high-vacancy office corridor into a walkable, mixed-use district.
Seattle Leads Nation in Home-Sales Retreat as Tech-Job Fears Freeze Buyers
Seattle posted the steepest drop in pending home sales of any major U.S. metro in July, as anxiety over tech-sector layoffs and artificial...
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...
The Data Center Bargain: What Every Town Should Demand
Free power. Free heat. Clean water. The bargain every town should be demanding. By Billy the Broker (I just want to stay anonymous)...
Public Storage Buys 10-Property, $96.9MM Money Saver Mini Storage Portfolio in Puget Sound
Self-storage REIT Public Storage has agreed to pay $96.9 million for a 10-property portfolio owned by independent operator Money Saver Mini Storage, adding...
Seattle Building Emissions Fall 14% as City’s New Performance Standard Nears First Deadline
Seattle's Office of Sustainability & Environment reported that emissions from the city's buildings sector fell sharply in 2024 even as population and economic...
Construction Materials Prices Flat in July, But Lumber and Steel Signal More Increases Ahead
Construction input prices barely moved in July as a temporary drop in fuel costs offset continued gains in lumber and steel, leaving materials...
Pickle at the Palms Opens 20-Court Facility on Former Interbay Car Wash Site
BarrientosRyan and Seattle Storm co-owner Ginny Gilder have converted a long-stalled Interbay development site, once eyed for apartments and later used as a...
Absher Construction Joins Army’s PaYS Program to Recruit Veteran Workforce
Absher Construction, already the general contractor on a $100 million barracks project at Joint Base Lewis-McChord, will formalize a separate hiring partnership with...
Kassel Tapped to Renovate 1925 Bakun Building, Seattle’s Last Waterfront Holdout
The City of Seattle has selected a Redmond-based public works contractor to finally bring its century-old Bakun Building back to life, closing out...
Goodman’s Approved 134-Unit Redmond Apartment Site Signals a Possible Childcare Pivot
A fully entitled apartment project a short walk from Redmond’s light rail station has sat unbuilt for years, and new signals suggest Goodman...
Public Storage’s Buying Spree Continues with $14.2MM Deal for 94,000 SQFT Woodinville Site
The Woodinville purchase — a condo interest rather than a standalone building — marks the latest Money Saver facility Public Storage has absorbed...
