New York Clears First-in-Nation Data Center Moratorium, and the West Coast Is Watching
New York lawmakers have approved a one-year freeze on state permits for large data centers, the first statewide moratorium in the country and...
Issaquah Council Sends $18MM Park Bond to November Ballot to Unlock $24MM in Fields, Trails and Recreation Projects
Issaquah voters will decide this fall whether to renew an expiring park bond and commit up to $18 million toward a two-decade slate...
42-Unit Timberwood Value-Add Apartments in Lakewood Hit the Market at $8.15MM
A partially renovated, 42-unit apartment community in Lakewood has come to market at a price that hands the next owner a half-finished renovation...
Vanbarton Puts Full-Block Belltown Garage at 2600 Elliott in Seattle on the Market as HOP Upzone Opens Door to 245-Foot Tower
Vanbarton Group has listed the full-block parking garage it owns at 2600 Elliott Ave. in Belltown, betting that a newly approved Seattle height...
Banner Bank Secures 19,000 SQFT Lease at Symetra Center in Downtown Bellevue
Pacific Northwest regional lender Banner Bank has committed to 19,085 square feet at Sterling Realty Organization’s renovated Symetra Center, adding a marquee financial-services...
Ares Management Expands to 20,000 SQFT at Bellevue Place as Downtown Bellevue Office Market Rebounds
Global alternative-investment manager Ares Management has grown its downtown Bellevue footprint to 19,878 square feet at Kemper Development Company’s Bellevue Place, an expansion...
Mercer Island Office Vacancy Plunges to 2.9% in Q2 2026, Tightest Market on the Eastside
Mercer Island, the smallest office submarket on the Eastside, tightened to a 2.9 percent vacancy rate in the second quarter of 2026, leaving...
Bothell Office Market Stabilizes in Q2 2026 With Positive Absorption as Vacancy Eases to 20.4%
Bothell, the most affordable office submarket on the Eastside, swung to positive absorption in the second quarter of 2026, trimming its stubbornly high...
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...
Kids Gym and STEAM Operator Hunts 2,700-to-5,500 SQFT Across Six Puget Sound Markets on 10-Year Terms
A children’s fitness and STEAM education operator is scouring six of the Puget Sound’s tightest retail submarkets for a high-ceilinged box between 2,700...
Washington Inventory Climbs 16.4% as Summer Sales Rebound, NWMLS Reports for June 2026
Buyers across Washington gained their widest selection of homes all year in June 2026 as active listings surged 16.4 percent year over year,...
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...
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...
Willamette River Recreation Generates $311MM in Annual Economic Value, ECOnorthwest Study Finds
A new ECOnorthwest analysis presented to Portland civic and business leaders quantifies the Willamette River’s recreational economy for the first time, valuing it...
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...
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New York Clears First-in-Nation Data Center Moratorium, and the West Coast Is Watching
New York lawmakers have approved a one-year freeze on state permits for large data centers, the first statewide moratorium in the country and...
OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026
A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...
Gensler Research Finds the District, Not the Stadium, Now Drives Fan Decisions Across North America
New research from the Gensler Research Institute, drawn from nearly 6,000 residents across major U.S. and Canadian metros, finds that the neighborhoods built...
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...
Henbart to Convert 22,000 SQFT of Former Office Space at The Commons at Ballard in Seattle into 23 Apartments
When Gravity Payments left and Bartell Drugs went dark below, Henbart finally had the opening — and the city’s incentives — to do...
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’s World Cup Payday Ran on Room Rates, Not Crowds, as the Retail Boom Stopped at a Few Blocks
Seattle’s month as a FIFA World Cup host generated record hotel revenue and record downtown foot traffic, but the underlying data shows a...
CBRE-Owned Industrious Renews 21,000 SQFT Flexible-Workspace Lease at City Center Bellevue as Eastside Turns a Corner
Industrious, the premium flexible-workspace operator now owned by CBRE, has recommitted to its home on the top floors of one of downtown Bellevue’s...
Coworking Operator Kiln Lands 26,000 SQFT Lease at Symetra Center in Downtown Bellevue
Flexible-workspace operator Kiln has secured 26,143 square feet at Sterling Realty Organization’s recently renovated Symetra Center, planting a second Washington flag in the...
Kirkland Office Rents Hold Above $46 in Q2 2026, Trailing Only Downtown Bellevue as Vacancy Ticks Up
Kirkland cemented its status as the Eastside’s second-priciest office submarket in the second quarter of 2026, commanding gross asking rents above $46 even...
Bellevue Suburban Office Gives Back Ground in Q2 2026 as Vacancy Climbs to 12.8%
The Bellevue Suburban office submarket surrendered occupancy for a second straight quarter in the second quarter of 2026, pushing vacancy to 12.8 percent...
Edmonds-Based Investor Buys 66,017 SQFT Warehouse in Monroe for $15.7MM
An Edmonds-based private investment entity has paid $15.7 million for a 66,017-square-foot industrial warehouse in Monroe, acquiring a 2001-vintage Snohomish County building occupied...
