KBS Sells 107,000 SQFT Offices at Riverpark in Downtown Redmond to Palisade Group, Olive Point Joint Venture
A Class A office building a short walk from downtown Redmond’s new light rail station has changed hands. It is the latest test...
Skanska’s Mass-Timber Bevel Advances Through Design Review as 2.7MM SQFT of Bellevue Office Lines Up for Permits
Skanska's 12-story mass-timber Bevel office tower in downtown Bellevue moved through design review in the third quarter, according to CBRE, one of four...
Holman Distribution Center Commits to 428,000 SQFT at Sumner Central as Sumner Leads Puget Sound Industrial Absorption
Logistics operator Holman Distribution Center took on 245,000 more square feet and renewed another 183,000 square feet at Sumner Central in the third...
Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021
Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...
Rise Properties Sells 178-Unit 10th @ Hoyt in Portland’s Pearl District for $40.4MM
A California family office has bought a 2004 Pearl District apartment building from Rise Properties for about $227,000 per unit, roughly 46 percent...
Rosen Harbottle Affiliate Buys 38,000 SQFT Central Park Industrial Property in Seattle’s Georgetown for $16.5MM
A Rosen Harbottle-linked buyer paid $16.5MM for Central Park, a fully leased two-building industrial property in Seattle’s Georgetown.
Cadence Real Estate Acquires 132-Unit The Court at Northgate in Seattle for $29MM
Seattle value-add investor Cadence Real Estate has bought a 1978 apartment complex a short walk from the Northgate Link light rail station for...
Greystar Opens 289-Unit The Views at Angle Lake Next to SeaTac Light Rail Station
Greystar has opened its 289-unit apartment complex across from the Angle Lake light rail station, finishing on roughly the schedule it set at...
Eichler Enterprises Sells 63-Unit Crestwood Apartments in Silverdale for $10.2MM
Eichler Enterprises LLC has sold a 63-unit Silverdale apartment complex for roughly $10.2 million, closing out an ownership stake that began with a...
Eastside Office Asking Rents Jump 24% in Two Years Even as Vacancy Climbs to 22.4%
Average gross asking rents on the Eastside have climbed nearly 24 percent since the end of 2024 to $47.18 per square foot, even...
I-90 Corridor Office Vacancy Has Soared From 4.2% to 41.6% Since 2019 as 1.4MM SQFT of New Projects Wait
Vacancy along the Eastside's I-90 Corridor has risen from 4.2 percent in 2019 to 41.6 percent in the third quarter of 2026, leaving...
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
Rise Properties Sells 178-Unit 10th @ Hoyt in Portland’s Pearl District for $40.4MM
A California family office has bought a 2004 Pearl District apartment building from Rise Properties for about $227,000 per unit, roughly 46 percent...
Vesta Hospitality Refinances 150-Key AC Hotel Vancouver Waterfront
Vesta Hospitality has lined up new debt on the 150-key AC Hotel Vancouver Waterfront, the property that opened the Port of Vancouver USA's...
Ivanov Investment Group Buys 51,000 SQFT Woodburn Manufacturing Facility With 3-Acre Yard for $7.15MM
Ivanov Investment Group paid $7.15MM for a 51,274-square-foot manufacturing building with a 3-acre yard on 4.81 acres in Woodburn, Ore.
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Pacific Industrial Taps Link Logistics Veteran Bud Pharris as CEO to Drive Western U.S. Expansion
Long Beach-based developer Pacific Industrial has hired Bud Pharris, who ran Blackstone-owned Link Logistics' nine-market West Region, as chief executive officer to steer...
Newmark Taps Jake Gustafson as Northwest Director of Engineering to Back Washington and Oregon Property Teams
Newmark has hired Jake Gustafson as Director of Engineering for the Northwest, placing a dedicated engineering leader alongside the property management teams that...
Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021
Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...
Eastside’s 14.7MM SQFT Office Pipeline Still Has Zero Pre-Leasing as Supply Freeze Props Up Bellevue Recovery
Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and...
Mayor Wilson Puts Kidder Mathews, Amazon and Port of Seattle on Task Force as Downtown Office Vacancy Hovers Near 35%
Seattle Mayor Katie Wilson has named 18 business, labor and civic leaders, from Kidder Mathews Chairman Bill Frame to Port of Seattle President...
Dinked: Have We Hit Peak Pickleball?
The Picklr’s Chapter 11 filing, driven by lease guarantees on roughly 40 franchise locations, may be the first sign that indoor pickleball’s real...
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...
Businesses Now Carry 68% of Seattle’s $2.8B Tax Bill as City Sheds 24,000 Jobs, DSA-Chamber Study Finds
A new ECOnorthwest analysis commissioned by the Downtown Seattle Association and the Seattle Metropolitan Chamber of Commerce finds the city’s tax collections have...
Onni Group Starts Excavation at 3.4MM SQFT 606 Bellevue, Tilting Three-Tower Plan Toward Housing and Hotel Rooms
Onni Group has cleared its four-acre superblock at 606 106th Avenue NE and started shoring and excavation for a six-level garage beneath three...
183-Unit 9 North Apartments, a Converted Hotel in Yakima, Hits Market for $13MM
The 183-unit 9 North Apartments, a converted hotel near downtown Yakima, is listed for $13MM, or about $71,000 per unit, at a 6.13...
Tacoma Wins $70,000 State Grant to Audit Housing Rules, Targeting Permit Resubmittals That Slow Construction
Tacoma will hire an independent consultant to review its residential development regulations, after its own permit data showed that repeated rounds of corrections,...
Undisclosed Tenant Takes 55,000 SQFT on Kent’s 87th Avenue South as Mid-Size Industrial Space Outperforms Big Boxes
An undisclosed tenant has leased 55,200 square feet at 19820-20024 87th Ave. S. in Kent, a mid-size Kent Valley commitment in a size...
47-Unit Stream 403 Apartments on Seattle’s Capitol Hill Sells for $20.4MM
The 47-unit Stream 403 apartments at 403 Belmont Ave. E on Seattle’s Capitol Hill sold for $20.4MM, or about $434,000 per unit.
FPA Multifamily Buys 283 Units Across Two Olympia Apartment Communities for $43.7MM
FPA Multifamily buys Evergreen Garden and Rock Maple Village, 283 units in Olympia, for $43.7MM, or $154,417 per unit, from developer Bender Equities.
Seattle’s Pioneer Square Office Vacancy Sits at 32.8% With 2.2MM SQFT on the Market
Flinn Ferguson Cresa's third-quarter review of Seattle's Pioneer Square/Waterfront office submarket finds roughly one-third of its 6.6 million square feet vacant or listed...
