BKM Capital Partners Acquires Multi-Tenant Industrial Portfolio in Kent and Tukwila for $85.7MM
Newport Beach-based BKM Capital Partners deepens its decade-long bet on South King County’s industrial corridor, snapping up multiple buildings and vacant land from...
Stripe Doubles Down on Downtown Seattle with 44,500 SQFT Expansion at Madison Centre
Payment-processing giant Stripe has expanded its downtown Seattle presence at Madison Centre with an additional 44,508 square feet, roughly doubling a footprint it...
Salesforce’s Tableau Renews 114,000 SQFT Lease at Fremont’s DATA 1 Building in Seattle
Salesforce-owned Tableau has renewed its lease for 114,318 square feet at the DATA 1 building in Seattle’s Fremont neighborhood, one of the largest...
Seattle Office Availability Eases to 32.1% in Q2 2026 as Big Tech and AI Leases Anchor Downtown
Seattle’s battered office market posted its first meaningful improvement in availability in several quarters, as a burst of large technology and professional-services leases...
Hume Investments Sells 120-Unit Easthill Apartments in Kent for $19.2MM
The transaction recorded $160,000 per unit for a 120-unit apartment complex in Kent’s East Hill neighborhood An Irvine-based national apartment operator has paid...
Puget Sound Office Leasing Reaches 4.6MM SQFT in First Half, Strongest Since 2019 as Availability Slides to 26.5%
The Seattle/Puget Sound office market posted 2.4 million square feet of leasing in the second quarter of 2026 and 4.6 million square feet...
Puget Sound Industrial Vacancy Climbs Across All Submarkets, But Deal Flow Signals Tenants Have Stopped Waiting
Vacancy rates rose across South Seattle, Greater King County and Pierce County in the latest 60-day reading of the Puget Sound industrial market,...
Holland Partner Group, NASH Top Out 45-Story, 442-Unit Sloane Tower at Former Elephant Car Wash Site in Seattle
Holland Partner Group and North America Sekisui House have completed structural work on Sloane, a 45-story apartment tower rising on the triangular Denny...
Metro’s $652.8MM Housing Bond Delivers 5,379 Affordable Homes Across Portland Region, Blowing Past Original Target
Eight years after Portland-area voters approved a $652.8 million bond to confront a deepening housing crisis, Metro’s 2025 annual report shows the measure...
Tacoma Lands $7.6MM Federal BUILD Grant to Advance $263MM Fishing Wars Memorial Bridge Replacement
The City of Tacoma has secured a $7.6 million federal BUILD grant to fund environmental analysis and final design of a new Fishing...
Worldscape AI Leases 15,000 SQFT at The Offices at Riverpark in Redmond as AI Demand Powers Eastside Rebound
Worldscape AI, a recently funded Redmond startup building data infrastructure for artificial-intelligence systems, has leased 14,975 square feet at The Offices at Riverpark,...
Seattle Ranks as Nation’s No. 3 AI Metro in Hubble Study as Tech Tenants Anchor Puget Sound Office Recovery
Hubble’s new ranking of the most AI-ready U.S. metros names Seattle the country’s third-strongest AI hub and the highest-scoring market outside the Bay...
Metro’s $652.8MM Housing Bond Delivers 5,379 Affordable Homes Across Portland Region, Blowing Past Original Target
Eight years after Portland-area voters approved a $652.8 million bond to confront a deepening housing crisis, Metro’s 2025 annual report shows the measure...
IRG Completes Multi-Million-Dollar Overhaul of 528,000 SQFT Former NORPAC Plant in Stayton, Ore.
Industrial Realty Group has finished a top-to-bottom redevelopment of the shuttered NORPAC food-processing plant in Stayton, Oregon, converting more than 528,000 square feet...
Kimco Realty Lists 106,500 SQFT Jantzen Beach Home Depot in Portland for $41MM at 5.35% Cap
Kimco Realty has put its single-tenant Home Depot on Hayden Island up for sale at a sub-market cap rate, testing investor appetite for...
1803 Fund Acquires Streimer Campus and Widmer Brothers Brewing Properties in Portland’s Albina to Advance Mixed-Use District
A nonprofit backed by Phil Knight’s $400 million commitment is stitching together the contaminated industrial blocks of Portland’s Albina neighborhood where postwar highway...
Oregon Trails West Coast Neighbors With 1.1% GDP Growth in First Quarter
Oregon’s economy grew at a 1.1 percent annualized rate in the first quarter of 2026, roughly half the national pace and a fraction...
Gensler’s City Pulse 2026 Flags Downtown Portland’s Vibrancy Gap as Authenticity Holds Firm
Downtown Portland holds onto a strong sense of authenticity in Gensler’s largest-ever global study of urban experience, but the city’s core ranks among...
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 Office Availability Eases to 32.1% in Q2 2026 as Big Tech and AI Leases Anchor Downtown
Seattle’s battered office market posted its first meaningful improvement in availability in several quarters, as a burst of large technology and professional-services leases...
Eastside Office Construction Goes Dark in 2026 After 4.9MM-SQFT Wave, With 14.7MM SQFT Waiting in the Wings
The Eastside office market will not deliver a single new building in 2026, a deliberate pause that hands landlords a rare window to...
Seattle Life Sciences Vacancy Spikes to 19% as Alexandria Converts Lab Site to Apartments and Astellas Exits Stem Cell Operation
Seattle’s life sciences vacancy rate surged 540 basis points year over year to 19 percent in the second quarter as new lab space...
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)...
The Geography of Want: Why Starbucks Can’t Drag Its People to Nashville
By Billy the Broker (I just want to stay anonymous) There’s an old joke about the Boston banker who, told he must relocate...
Perkins Coie Signs New 14,000 SQFT Lease at Bellevue’s City Center Plaza, Deepening Eastside Footprint
One of Seattle’s largest law firms is expanding its presence across Lake Washington, signing a new lease for 13,787 square feet at City...
Seattle Life Sciences Vacancy Spikes to 19% as Alexandria Converts Lab Site to Apartments and Astellas Exits Stem Cell Operation
Seattle’s life sciences vacancy rate surged 540 basis points year over year to 19 percent in the second quarter as new lab space...
Seattle Buyer Acquires 75-Unit, 1924-Vintage Chandler Hall Apartments in Lower Queen Anne for $11MM
A Seattle-based buyer has acquired the 75-unit, 1924-vintage Chandler Hall Apartments at 119 West Roy Street in Lower Queen Anne for $11 million...
32-Unit Ballard Apartment Complex in Seattle Trades for $10.8MM
Great Northern Holdings Apartments LLC paid $10.8 million for the Ballard 32 Apartments at 1433 NW 64th Street in Seattle — a full-ask...
World Wide Technology Leases 16,000 SQFT at 929 Office Tower in Downtown Bellevue
Global technology solutions provider World Wide Technology has secured 15,687 square feet at Bellevue’s 929 Office Tower, expanding its Eastside footprint in a...
Aircall Lands 15,000 SQFT Lease at Lincoln Square in Downtown Bellevue
Cloud-communications company Aircall has secured 15,345 square feet at Kemper Development’s Lincoln Square, scaling up its young Seattle-area presence inside the Westin tower...
AI Cloud Provider Lambda Takes 18,000 SQFT Sublease at City Center Bellevue as AI Demand Powers Eastside Recovery
An artificial-intelligence cloud company has planted a flag in downtown Bellevue’s costliest office tower, taking an 18,244-square-foot sublease at City Center Bellevue in...
72-Unit, 1989-Vintage Multifamily Complex at 15805 40th Place South Comes to Market in Tukwila
A 1989-vintage, six-building apartment complex in Tukwila has come to market without a disclosed asking price, offering a renovation-focused buyer 72 units of...
