BentallGreenOak Buys 301-Unit Savanna at Reed’s Crossing for $160MM in Hillsboro
The $531,561-per-unit price BentallGreenOak paid for a Hillsboro apartment community delivered last year runs roughly triple what suburban Portland-area apartments have been fetching,...
$13.3MM Permanent Loan Secured to Refinance 134-Unit Boxcar Apartments in Spokane
A private real estate investor has retired maturing debt on the 134-unit Boxcar Apartments in Spokane's University District with a five-year, fixed-rate, non-recourse...
Schuster Group Affiliate Sells Seattle’s Madison Center for $9.3MM
Nevolan 2711 LLC has paid $9.3 million for the four-parcel Madison Center retail and office complex from an entity tied to The Schuster...
Grand Peaks, PCCP Acquire 424-Unit West End District Apartments in Beaverton
Denver-based Grand Peaks has expanded its Pacific Northwest footprint with the purchase of a Beaverton apartment complex built on the bones of a...
Edlen & Co. List for Sale 271,000 SQFT Power + Light Historic Office Tower in Portland
JLL has put one of downtown Portland’s most architecturally distinct office towers on the market, betting that a nearly two-thirds-vacant historic building can...
Mortenson Advances 300,000 SQFT Kent Manufacturing Campus Backed by 20-Megawatt Power Capacity
A 9.3-acre infill site in the Kent Valley is drawing sustained interest from aerospace and defense manufacturers even as the broader Puget Sound...
Two-Building, 28,000 SQFT Willows Northwest Portfolio Trades for $10.9MM in Redmond
A pair of 1984-built office and warehouse buildings on adjacent Redmond parcels traded for $10.9 million, or roughly $391 per square foot, more...
PCP Opens 217-Unit Rove in Downtown Redmond, With a 270-Unit Second Act and a Third Site in Hand
PCP, the Cleveland multi-family office formerly known as Ponsky Capital Partners, opens its first Puget Sound apartment building two blocks from Redmond's light...
Holland Partner Group, Tokyo Tatemono Break Ground on 185-Unit Fremont Apartment Project in Seattle
Demolition, grading and shoring are underway at the century-old North 36th Street retail strip Holland Partner Group and Tokyo Tatemono bought for $18.5...
Nearly 211,000 SQFT Listed for Sublease at Bellevue Connection, Likely Bungie’s Former Space
With nearly 2.4 million square feet of active tenant demand on the Eastside driven largely by technology and AI companies, the newly listed...
King County Hospital District 2 Buys 100,000 SQFT Evergreen Medical Office in Kirkland for $69.9MM
King County’s public hospital district has bought its way out of a landlord relationship at one of its busiest outpatient buildings, paying $69.9...
Bellevue Eyes Eastgate Office Corridor for Mixed-Use Overhaul Under New Area Plan
Bellevue's Planning Commission will weigh a plan to redevelop Eastgate's high-vacancy office corridor into a walkable, mixed-use district.
BentallGreenOak Buys 301-Unit Savanna at Reed’s Crossing for $160MM in Hillsboro
The $531,561-per-unit price BentallGreenOak paid for a Hillsboro apartment community delivered last year runs roughly triple what suburban Portland-area apartments have been fetching,...
Edlen & Co. List for Sale 271,000 SQFT Power + Light Historic Office Tower in Portland
JLL has put one of downtown Portland’s most architecturally distinct office towers on the market, betting that a nearly two-thirds-vacant historic building can...
Grand Peaks, PCCP Acquire 424-Unit West End District Apartments in Beaverton
Denver-based Grand Peaks has expanded its Pacific Northwest footprint with the purchase of a Beaverton apartment complex built on the bones of a...
TCC Breaks Ground on 295,000 SQFT Phase II of Sewell Corporate Park in Hillsboro
Trammell Crow Company is doubling down on Hillsboro’s tech corridor even as the broader Portland industrial market posts its weakest leasing activity since...
Fourth Avenue Capital Buys 87-Unit Steppe Apartments in Bend for $20MM
CBRE brokered the sale of a brand-new, 87-unit apartment community in Bend, Oregon at a per-unit price below what a similar Bend property...
Oregon Ranks Third in the Nation for School Battery Storage, New Report Finds
A new national census of clean energy in K-12 schools ranks Oregon third in the country for battery storage and places Washington among...
Pacific Northwest Commercial Real Estate News
Mortenson Advances 300,000 SQFT Kent Manufacturing Campus Backed by 20-Megawatt Power Capacity
A 9.3-acre infill site in the Kent Valley is drawing sustained interest from aerospace and defense manufacturers even as the broader Puget Sound...
The Pacific Northwest Now Has the Nation’s Smallest New Apartments
Seattle, Portland and Tacoma occupy the three smallest spots on the national apartment-size ranking, the product of a building cycle across the Pacific...
Portland Multifamily Supply Collapses to 2,550 Units as Institutional Capital Returns Ahead of Recovery
Portland's apartment construction pipeline has fallen roughly 80 percent from its 2022 peak while renters keep absorbing units, and the institutional capital that...
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...
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)...
Sequel Investment Company, Evergreen Gavekal Pay $35.05MM for 95-Unit East Howe Steps in Seattle’s Eastlake
IPA brokers the $35.05MM sale of East Howe Steps, a 95-unit mixed-use Eastlake apartment complex, and arranges acquisition financing.
513,864 SQFT Multi-Tenant Spokane Valley Industrial Building Hits the Market
CBRE markets a 513,864-square-foot multi-tenant Spokane Valley industrial building anchored by Pepsi and US Foods on a best-offer basis.
Trammell Crow Cuts Bellevue Gateway One Apartment Plan to 279 Units, Nearly Doubles Affordable Housing
A year after first floating a 321-unit apartment tower atop a Bellevue office campus, Trammell Crow Residential has filed formal land use applications...
TCC Breaks Ground on 295,000 SQFT Phase II of Sewell Corporate Park in Hillsboro
Trammell Crow Company is doubling down on Hillsboro’s tech corridor even as the broader Portland industrial market posts its weakest leasing activity since...
Fourth Avenue Capital Buys 87-Unit Steppe Apartments in Bend for $20MM
CBRE brokered the sale of a brand-new, 87-unit apartment community in Bend, Oregon at a per-unit price below what a similar Bend property...
71-Unit Mixed-Use Camelia on Bainbridge Trades for $26.83MM to Local Investment Firm
An international seller handed off Camelia on Bainbridge, a 71-unit apartment and retail property in the heart of Winslow, to a local multifamily...
Oregon Ranks Third in the Nation for School Battery Storage, New Report Finds
A new national census of clean energy in K-12 schools ranks Oregon third in the country for battery storage and places Washington among...
24,261 SQFT Krafter’s Land-Leased Retail Building in Lynnwood Offered at $8.3MM
Priced at $342 per square foot, the fully leased Krafter’s Land Cabinetry building sits on a signalized 196th Street corridor alongside Trader Joe’s...
