Bridge Investment Group Acquires 180-Unit River Ridge Apartments for $50.1MM in Tualatin, 28% Below 2022 Price
Four years after Security Properties and Oaktree paid $70 million at the market's peak, the 2017-vintage Tualatin River community has reset by nearly...
PCC Structurals Leases 156,000 SQFT in Two Milwaukie-Area Buildings from Lincoln Property Co.
The Precision Castparts aerospace casting unit took 91,481 square feet on SE Mailwell Drive and 64,322 square feet on SE Johnson Road in...
Canby’s 1.1MM SQFT Industrial Pipeline Lands in a Submarket Already 20.5% Available
Sequoia Logistics Center and Baker Center will bring more than 1.1 million square feet to Canby as SE Outlying availability tops 20 percent...
Eastside Sublease Space Jumps 14% to Nearly 1.3MM SQFT on Meta and Bungie Givebacks as Downtown Seattle’s Shrinks 20%
Sublease availability is moving in opposite directions across Lake Washington, rising 13.6 percent on the Eastside as Meta and Bungie put large blocks...
Anthropic Adds 46,000 SQFT at Seattle’s Dexter Yard, Building on 113,000 SQFT Lease
Anthropic took a 46,000-square-foot expansion at BioMed Realty's Dexter Yard in Seattle's Lake Union district during the third quarter, according to CBRE, adding...
Synergy Files Permits for $65MM, 17-Story, 165-Unit Third and Battery Apartment Tower in Seattle’s Belltown
A Belltown corner has a permit filing for 165 units, at a time when Kidder Mathews reports Seattle apartment deliveries down 53 percent....
Portland Office Vacancy Posts Largest Drop Since 2022 as Class A Absorbs 271,000 SQFT and Older Buildings Lose Ground
Class A towers delivered Portland's largest quarterly vacancy drop since 2022, while Class B and C buildings kept losing tenants and downtown direct...
104-Unit Heritage Square Apartments in Puyallup Trades for $25MM
Heritage Square Apartments, made up of four-unit buildings with 1,100-square-foot two-bedroom homes listed at $1,950 a month, has changed hands while developers across...
Carroll Tire Renews 133,000 SQFT at LaSalle’s Seattle Gateway II in Burien
Tire distributor Carroll Tire Company has decided to stay put at a 2018-built logistics building on the northern edge of Seattle-Tacoma International Airport,...
Prologis Runs Seattle Portfolio at 97.7% Occupancy as Puget Sound Industrial Vacancy Climbs to 12%
Prologis declared that excess warehouse capacity has largely cleared nationwide, but its third-quarter results arrive as Puget Sound vacancy keeps climbing and a...
Issaquah Taps Final $3.4MM to Ready 21,000 SQFT Maple Street Office Building for 2027 City Hall Move
Issaquah is spending the last $3.4 million of a $16.3 million one-time-funded budget to reroof, wire and furnish the former Ednetics Building in...
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...
Bridge Investment Group Acquires 180-Unit River Ridge Apartments for $50.1MM in Tualatin, 28% Below 2022 Price
Four years after Security Properties and Oaktree paid $70 million at the market's peak, the 2017-vintage Tualatin River community has reset by nearly...
PCC Structurals Leases 156,000 SQFT in Two Milwaukie-Area Buildings from Lincoln Property Co.
The Precision Castparts aerospace casting unit took 91,481 square feet on SE Mailwell Drive and 64,322 square feet on SE Johnson Road in...
Canby’s 1.1MM SQFT Industrial Pipeline Lands in a Submarket Already 20.5% Available
Sequoia Logistics Center and Baker Center will bring more than 1.1 million square feet to Canby as SE Outlying availability tops 20 percent...
Portland Office Vacancy Posts Largest Drop Since 2022 as Class A Absorbs 271,000 SQFT and Older Buildings Lose Ground
Class A towers delivered Portland's largest quarterly vacancy drop since 2022, while Class B and C buildings kept losing tenants and downtown direct...
DSV Builds 750,000 SQFT Semiconductor Logistics Hub in Hillsboro, the Portland Market’s Tightest Submarket
DSV's 750,000-square-foot owner-occupied hub in Hillsboro is the only one of the Portland market's five largest industrial projects that does not need to...
Panattoni Readies 583,000 SQFT Mt. Vista Logistics in Vancouver as Orchards Availability Sits at 19.5%
Panattoni is finishing one of the largest speculative warehouses in Clark County just as the Washington side of the river becomes the Portland...
Canby’s 1.1MM SQFT Industrial Pipeline Lands in a Submarket Already 20.5% Available
Sequoia Logistics Center and Baker Center will bring more than 1.1 million square feet to Canby as SE Outlying availability tops 20 percent...
Eastside Office Vacancy Climbs to 22.4%, but 755,000 SQFT of Signed Bellevue Leases Wait in the Wings
Broderick Group's third-quarter data shows the Eastside shed 292,618 square feet of occupied office space and pushed vacancy to 22.4 percent, but a...
Seattle Proposes 10.7% Permit Fee Hike, Third Straight Year of Above-Inflation Increases
Mayor Katie Wilson's 2027-2028 budget would stack a 7 percent increase on Seattle building and land use permit fees atop a 3.7 percent...
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...
Wallace Properties Pays $6.6MM for 23,000 SQFT Creekside Professional Center, Topping Investor Office Pricing in Puget Sound’s Northend
Bellevue-based Wallace Properties paid $6.6 million for the 22,658-square-foot Creekside Professional Center in CBRE's Northend office submarket, the highest price per square foot...
DSV Builds 750,000 SQFT Semiconductor Logistics Hub in Hillsboro, the Portland Market’s Tightest Submarket
DSV's 750,000-square-foot owner-occupied hub in Hillsboro is the only one of the Portland market's five largest industrial projects that does not need to...
Panattoni Readies 583,000 SQFT Mt. Vista Logistics in Vancouver as Orchards Availability Sits at 19.5%
Panattoni is finishing one of the largest speculative warehouses in Clark County just as the Washington side of the river becomes the Portland...
KBS Sells 107,000 SQFT Offices at Riverpark in Downtown Redmond to Palisade Group, Olive Point Joint Venture for $27.5MM
A Class A office building a short walk from downtown Redmond’s new light rail station has changed hands. It is the latest test...
Builders and Funds Sell $320MM of Portland Apartments in Q3 as Per-Unit Prices Rise 11.9% Despite Higher Cap Rates
Five Portland-area apartment communities totaling 1,302 units traded for nearly $320 million in the third quarter, as builders and institutional funds sold to...
MG Properties Acquires 188-Unit Tupelo Alley From Holland Partner Group for $57.2MM in North Portland
Priced 54 percent above the metro's average per-unit sale, the deal shows a national buyer paying a steep premium for walkable inner-Portland product...
PCC Structurals and Arnprior Aerospace Take 238,000 SQFT in Portland as Manufacturing Jobs Fall 4%
Three aerospace leases totaling 238,358 square feet made up more than 15 percent of Portland's third-quarter industrial leasing, even as the metro's manufacturing...
Canby’s 348,000 SQFT Baker Center Is the OLCC’s Spirits Warehouse, Built on $40.8MM Land Bought From Trammell Crow
Kidder Mathews lists Baker Center, a 347,645-square-foot project in Canby, as a Trammell Crow development, but public records show Trammell Crow sold the...
