KCB Partners and SKB Buy Semiconductor-Anchored Trellis West Campus in Hillsboro for $30.9MM
Trellis West, a 214,152 SF Hillsboro campus anchored by Applied Materials and KLA, sold at 90% leased with 5+ MW of power.
Crusoe Adds 46,000 SQFT at Key Center in Bellevue Weeks After $3.9 Billion Raise
Denver-based Crusoe has signed for an additional 46,475 square feet at Kilroy Realty's Key Center in downtown Bellevue, a deal that multiplies the...
High Street Residential’s 244-Unit The Ryder Nears Opening Next to Seattle’s Roosevelt Station
The 244-unit transit-oriented building half a block from Roosevelt Station arrives as Seattle's new apartment deliveries fall by more than half. High Street...
Puget Sound Office Leasing Cools to 1.3MM SQFT as Availability Eases to 26.1%
Seattle/Puget Sound office leasing slowed to 1.3 million square feet in the third quarter after two blockbuster quarters, but availability, sublease supply and...
Newly Built Nathan and Marx Apartments in Spokane Valley Sell for $18.25MM
Two apartment buildings completed in Spokane Valley during the region's recent construction wave have traded together for more than $18 million, a price...
Pine Forest Properties Sells 30-Unit Heights at Meydenbauer Apartments in Bellevue for $15MM
Redmond Buyer Pays $500,000 per Unit for Bellevue Apartments Near Old Bellevue and Meydenbauer Bay A Bellevue-based firm has sold a small apartment...
Perform Properties Keeps Clearstead at 999 Third With 14,000 SQFT Upgrade Ahead of Docusign’s 227,000 SQFT Exit
With Docusign preparing to vacate roughly 227,000 square feet at 999 Third Avenue next year, Blackstone-owned Perform Properties has kept a 14-year tenant...
Chehalem Buys Neighboring 44-Acre Pamplin Winery, Assembling 255-Acre Estate Campus in Oregon’s Laurelwood District
Stoller Wine Group is adding the Pamplin family's 2008-built winery, cold storage and roughly 15 acres of Pinot noir, Pinot gris and Chardonnay...
106-Unit Adams Square Apartments in Spokane Valley Trades for $13.4MM
A 1970s-era apartment complex in Spokane Valley has changed hands for more than $13 million, a price well below what newer product commands...
AI Inference Startup ElastixAI Expands to 25,000 SQFT at Seattle’s West Lake Union Center
ElastixAI, the Seattle chip-and-software startup founded by former Apple and Xnor engineers to cut the cost of running AI models, has taken 24,827...
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...
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...
KCB Partners and SKB Buy Semiconductor-Anchored Trellis West Campus in Hillsboro for $30.9MM
Trellis West, a 214,152 SF Hillsboro campus anchored by Applied Materials and KLA, sold at 90% leased with 5+ MW of power.
Chehalem Buys Neighboring 44-Acre Pamplin Winery, Assembling 255-Acre Estate Campus in Oregon’s Laurelwood District
Stoller Wine Group is adding the Pamplin family's 2008-built winery, cold storage and roughly 15 acres of Pinot noir, Pinot gris and Chardonnay...
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...
Puget Sound Office Leasing Cools to 1.3MM SQFT as Availability Eases to 26.1%
Seattle/Puget Sound office leasing slowed to 1.3 million square feet in the third quarter after two blockbuster quarters, but availability, sublease supply and...
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...
Seattle Absent From Top 10 as $2.26T Exit Boom Rewards Bay Area, Dallas and Denver
A new Deloitte and PitchBook report tracking a record $2.26 trillion in U.S. expansion-stage company exits during the first half of 2026 shows...
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...
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,...