InSite Property Group Acquires 75,000 SQFT Tukwila Self Storage Facility for $14.7MM
The Torrance-based vertically integrated operator expands its SecureSpace brand into the Seattle metro, targeting one of the nation’s highest-occupancy self-storage markets An entity...
Berschauer Group Plans 50-Unit Residential Conversion of Tacoma Office-Parking Building
The Olympia-based general contractor filed pre-application documents for the conversion of a four-story structure at 1149 Market Street Fifty residential units are planned...
Seattle Emerges as Prime Target for TruAmerica’s $708MM Workforce Housing Push
Los Angeles-based investment manager eyes garden-style apartment communities in the Seattle metro as shrinking supply and rising renter demand converge As Los Angeles-based...
Legacy Partners, Silverpeak Announce Development of 138-Unit Ravine Ridge in Port Orchard with $24.28MM Construction Loan
Partnership closed loan from PNC for $24.28 millionPORT ORCHARD, Wash. (Feb. 25, 2026) – Legacy Partners (“Legacy”), a privately held national real estate...
Hudson Pacific’s $278MM Quarterly Loss Casts Shadow Over Seattle Portfolio as Amazon Anchor Holds but Pioneer Square Struggles
West Coast REIT posts fourth straight quarterly loss and $572MM full-year deficit while nine-property Puget Sound platform shows 69.5 percent occupancy and Washington...
Rhino Investments Group Secures $42.8MM to Refinance Multi-State Retail Portfolio that Includes 109,000 SQFT Salem, Ore. Property
Life Company Execution Supports Lease-Up and Preserves Asset-Level Flexibility for Rhino Investment Group Properties in California, Illinois, Oregon, and Wisconsin Irvine, Calif. (February...
LIHI and PDA Open 45-Unit Olympic Hills Tiny House Village in Seattle’s Lake City Neighborhood
The enhanced shelter marks the first significant expansion of Seattle’s shelter capacity in years, backed by $5.9 million in city funding and an...
CenterSquare Acquires 25,000 SQFT Normandy Park Towne Center from O’Keefe Development for $10.4MM in Seattle
Grocery-anchored neighborhood retail center is the firm’s second Seattle-area acquisition as it expands its national essential service retail portfolio to 74 properties. CenterSquare...
Williams & Russell CDC and Adre Advance 20-Home Affordable Townhome Phase in North Portland
First phase of long-planned reparative housing project moves into construction, with completion targeted for Q1 2027 In North Portland’s Albina neighborhood, a long-discussed...
Tri-Cities Apartment Construction Surge Delivers More Than 1,500 Units, Easing Rents as Developers Test the Market’s Limits
A roughly 10 percent expansion in rental stock is bringing relief to tenants, but rising vacancies in newer properties and slowing absorption raise...
Bridge Investment Group Buys 335-Unit The Ridge and The Shores Properties in Federal Way for $78MM
(Editor’s Note: According to King County public records, the sales price was $78 million, or about $232,835 per unit.) FEDERAL WAY, Wash., Feb....
SMPS Pacific Regional Conference (PRC) in Seattle March 18–20, 2026: Hands-on Workshops, Single-Day Ticket, and Social Event Tickets Available
SEATTLE, Wash. — The Society for Marketing Professional Services 16th Annual Pacific Regional Conference (SMPS PRC) is taking place March 18–20, 2026, at...
Rhino Investments Group Secures $42.8MM to Refinance Multi-State Retail Portfolio that Includes 109,000 SQFT Salem, Ore. Property
Life Company Execution Supports Lease-Up and Preserves Asset-Level Flexibility for Rhino Investment Group Properties in California, Illinois, Oregon, and Wisconsin Irvine, Calif. (February...
Williams & Russell CDC and Adre Advance 20-Home Affordable Townhome Phase in North Portland
First phase of long-planned reparative housing project moves into construction, with completion targeted for Q1 2027 In North Portland’s Albina neighborhood, a long-discussed...
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Big Pink Owner Acquires 266,664 SQFT Five Oak Building in Downtown Portland
The purchase of the lender-owned office building from Nuveen follows a competitive bidding process and complements the ongoing hospitality-driven repositioning of the U.S....
204-Unit Willamette Park Apartments in West Salem Trades for $46.3MM in Q4 2025
The transaction values the 2007-vintage community at approximately $226,961 per unit, marking one of the largest multifamily sales in Salem’s history. Willamette Park,...
Kidder Mathews Awarded 450,000 SQFT Leasing Assignment for 217 Distribution Center in Beaverton, Oregon
Portland, Oreg. (February 19, 2026) – Kidder Mathews has been awarded the exclusive leasing assignment for 217 Distribution Center, a 450,666-square-foot, multi-tenant industrial...
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 ReadingHudson Pacific’s $278MM Quarterly Loss Casts Shadow Over Seattle Portfolio as Amazon Anchor Holds but Pioneer Square Struggles
West Coast REIT posts fourth straight quarterly loss and $572MM full-year deficit while nine-property Puget Sound platform shows 69.5 percent occupancy and Washington...
Kitsap County Apartment Vacancy Plunges 270 Basis Points as the Puget Sound’s Smallest Market Posts Sharpest Fundamental Improvement
A new Kidder Mathews report finds vacancy fell from 10.9 percent to 8.2 percent during 2025 — the largest decline of any submarket...
Snohomish County Apartment Sales Reach $640MM in 2025 as Measured Recovery Favors Patient Capital
A new Kidder Mathews report finds transaction volume more than doubled from 2023 levels as flat rents and a light supply pipeline keep...
The Morning After and How The Cycle Turned While You Were Sleeping
After two years of paralysis, capital is clearing its throat and deal volume is stirring — but this cycle rewards scalpels, not sledgehammers....
3D Printed Houses and Other Fairy Tales
By Billy the Broker (I just want to stay anonymous) The prophecy was always that technology would save us. And here we are in 2026,...
The $200 Billion Question: Where Does Your Tariff Tax Go?
By Billy the Broker (I just want to stay anonymous) The Trump administration is crowing about collecting $200 billion in tariff revenues this year. Customs...
McNellis on CMBS: “Commercial Mortgage BS”
By John McNellis This essay is taken from John’s forthcoming 3rd edition of Making it in Real Estate. I was leaning against the bar...
Why CRE Experts Say the Looming $1.26 Trillion Debt Wall Can Be Scaled
By Kidder Mathews Roughly $1.26 trillion in commercial real estate loans are set to mature through 2027. Most originated in the mid-2010s, when rates averaged between...
How Does Humanity Fit into an AI World?
By Hans Hansson, President of Starboard CRE Reflections from a Real Estate Convention and Beyond Introduction: An Unexpected Encounter in Nashville Last week...
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Seattle Nonresidential Construction Costs Post Smallest Quarterly Gain Nationally at 0.3 Percent in Q4 2025
Competitive bidding, reduced activity in office and healthcare, and steady labor supply kept cost escalation at the low end of Mortenson’s eight-market index ...
Ross Dress for Less and Grocery Outlet Lease Nearly 60,000 SQFT at SimonCRE’s Spanaway Plaza in Pierce County
Kidder Mathews and First Western Properties broker leases that will reposition the 89,000-square-foot retail center ahead of planned 2027 openings Retail repositioning efforts...
Big Pink Owner Acquires 266,664 SQFT Five Oak Building in Downtown Portland
The purchase of the lender-owned office building from Nuveen follows a competitive bidding process and complements the ongoing hospitality-driven repositioning of the U.S....
Amazon Exits 251,000 SQFT Seattle Children’s Building, Accelerating Eastside Pivot
The tech giant’s departure from the 1950s-era Kumo office adds to more than 1 million square feet of lease expirations since 2020, as...
Habitat for Humanity Revives Stalled Othello Site to Build Permanently Affordable Townhomes Near Light Rail in South Seattle
The nonprofit homebuilder has taken over a 15,657-square-foot lot at 7001 42nd Ave. S., one block from Othello Station, pivoting a dormant market-rate...
Amazon-Backed Altaire Project Advances as SRM Development Plans 146-Unit Affordable Housing Community Near Mercer Slough in Bellevue
Phase II of the two-building development at 991 118th Ave SE targets households earning as low as 30 percent of Area Median Income,...
147-Unit Mountain Glen Townhome Community in Bend Trades for $25.5MM
The Q4 2025 transaction values the east Bend apartment community at approximately $173,469 per unit as investor interest in Oregon’s secondary markets continues...
