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...
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...
Genentech Breaks Ground on $750MM, 211,000 SQFT Manufacturing Expansion in Hillsboro
Genentech broke ground on a $750MM, 211,000 SF expansion in Hillsboro that will add device fill-finish manufacturing and 250 jobs by 2031.
Eastern Sunrise Seeks Phased Permit for $18MM, 155-Room Student Housing in Seattle
Eastern Sunrise seeks a phased permit to fast-track demolition on a fire-damaged site for an $18MM, six-story student housing project on the Ave.
University of Maryland Climate Database Puts Pacific Northwest Building Owners on Notice
A new University of Maryland database of 1,406 local climate and energy policies across 157 U.S. cities counts Seattle, Tacoma, Portland and Salem...
Thurston County Approves $24.6MM Contract to Move Lacey Waste Center Off Settling Landfill
Thurston County approved a $24.6 million design-build contract with Forma Construction and TCF Architecture to reconfigure its Lacey Waste and Recovery Center.
Industrious Leases 22,000 SQFT at Skanska’s The Eight in Downtown Bellevue
Industrious is expanding in downtown Bellevue by taking a full floor at The Eight. Tenants leased 851,000 square feet in Bellevue's central business...
Sellen Tops Out $140MM Memorial Stadium Rebuild at Seattle Center
The rebuild of Seattle's 79-year-old Memorial Stadium has reached its structural peak, putting one of the city's most closely watched public-private partnerships on...
Tam Ridge Partners Buys 99-Unit The Boxer Apartments in Forest Grove for $14.7MM
San Francisco Investor Buys Renovated Forest Grove Apartments for About 19% Below the Portland Metro Average per Unit A San Francisco investor has...
La Caisse Affiliate Sells 7.7-Acre Des Moines Logistics Center in SeaTac for $19.8MM
The buyer paid about $145 per square foot for the 1995-built campus of four small-suite flex buildings near Seattle-Tacoma International Airport, roughly 30...
Spokane County, Selah Secure $3.3MM in Pentagon Grants for Fairchild Gate Road and Yakima Fire Training Center
Spokane County and the Selah Fire Department secured a combined $3.3 million in Defense Community Infrastructure Program grants to rebuild the road to...
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...
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...
Genentech Breaks Ground on $750MM, 211,000 SQFT Manufacturing Expansion in Hillsboro
Genentech broke ground on a $750MM, 211,000 SF expansion in Hillsboro that will add device fill-finish manufacturing and 250 jobs by 2031.
University of Maryland Climate Database Puts Pacific Northwest Building Owners on Notice
A new University of Maryland database of 1,406 local climate and energy policies across 157 U.S. cities counts Seattle, Tacoma, Portland and Salem...
Tam Ridge Partners Buys 99-Unit The Boxer Apartments in Forest Grove for $14.7MM
San Francisco Investor Buys Renovated Forest Grove Apartments for About 19% Below the Portland Metro Average per Unit A San Francisco investor has...
Downtown Portland Foot Traffic Hits Post-2020 High as Weekend Visits Near 2019 Levels
Downtown Portland drew 22.2 million pedestrian visits through August, its busiest summer since 2020, as weekend crowds and event-goers climbed back toward pre-pandemic...
Trail Blazers Owners Select PCL Construction for Moda Center Overhaul
Trail Blazers ownership taps PCL Construction, ENR's No. 14 U.S. contractor, to lead the proposed $573MM Moda Center renovation.
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...
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...
Lennar Warns Data-Center Boom and Immigration Crackdowns Are Squeezing Construction Labor
Lennar flagged tightening construction labor from data-center building and immigration enforcement in its fiscal third quarter, even as record cycle times and falling...
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...
Laird Norton Trades Namesake Tower for 30,000 SQFT at Seattle’s 2+U Months After MetLife Foreclosure
Laird Norton Co. will vacate downtown Seattle's Norton Building by year-end for a full floor at the Hines-managed 2+U tower, capping a year...
Longer Tenant Stays Push Build-to-Rent Operators to Rethink Underwriting and Design, JBREC Says
New survey data from John Burns Research and Consulting reveals that build-to-rent residents increasingly expect to stay three years or longer, prompting the...
Vancouver Puts “Fruit Valley for All” Before Planning Commission as City Reworks Plan for Industrial West-Side Neighborhood
Vancouver's Equitable Development planners will brief the Planning Commission on Oct. 13 about Fruit Valley for All, the city's effort to rewrite the...
Bellevue Seeks Design-Builder for Airfield Park as $163MM Aquatic Center Awaits Funding
Bellevue has opened the hunt for a progressive design-builder to turn the former Eastgate Landfill and Bellevue Airfield site into a 28-acre community...
Kemper Development Shelves $1B Three-Tower Bellevue Square Expansion Ahead of Sale
Kemper Development pauses its $1 billion, three-tower "The Bellevue" expansion, leaving the site's future to the next owner of The Bellevue Collection.
Infill Industrial Partners Buys 126,000 SQFT Renton Warehouse From Blackstone Affiliate for $31.8MM
Infill Industrial Partners paid $31.8 million for a 126,457-square-foot Renton warehouse from a Blackstone affiliate, its second Blackstone buy this month.
Alexandria Stretches $5B Credit Line to 2032 as Seattle Lab Sites Pivot to Housing and Tech
Alexandria Real Estate Equities extended its $5 billion revolving credit facility to 2032 at a lower spread, a refinancing that buys runway for...
Dallas Buyer Pays $10.5MM for Former 100,000 SQFT Rexam Can Plant in Kent
A Dallas-based buyer paid $10.5 million for the former Rexam beverage can plant in Kent, about $105 per square foot.
