Nuveen Real Estate Picks Up Three Puget Sound Shopping Centers in $445.5MM, 1.9MM SQFT Western Retail Portfolio Deal
Nuveen Real Estate has acquired a 13-property open-air retail portfolio spanning Washington, California and Colorado for $445.5 million, picking up grocery-anchored centers in...
Mercy Housing Northwest, El Centro de la Raza Break Ground on $170MM, 400-Unit Affordable Project at Seattle’s Mount Baker Station
Construction is underway on the first 239 apartments of a 400-unit, $170 million affordable housing redevelopment on the former University of Washington laundry...
Snohomish County Apartment Sales Reach $162MM in Q2 as Cap Rates Compress to 5.1% and 1,746 Units Rise
Snohomish County held its place as one of Puget Sound's steadiest multifamily markets in the second quarter of 2026, logging 10 sales worth...
Seattle Apartment Cap Rates Climb to 5.7%, Highest Since at Least 2018, as Prices Sit 29% Below 2019 Peak
Seattle's average apartment cap rate rose nearly a full percentage point in a year to 5.7 percent in the second quarter of 2026,...
Seattle Office Demand Jumps 59% in Q3, Leading VTS’s Seven-Market Index as Non-Tech Tenants Step Up
Seattle posted the biggest quarter-over-quarter gain in office demand among the seven major U.S. markets tracked by VTS in the third quarter, driven...
LIHI Opens 90-Unit Cloverleaf Tiny House Village in Seattle’s South Park With $3MM From Challenge Seattle
The Low Income Housing Institute opens Cloverleaf Village on Tuesday, a 90-house shelter campus on a leased 1.4-acre lot in South Park that...
Alexandria’s Seattle Pivot Holds as Q3 Write-Downs Hit Palo Alto, San Carlos and Austin Instead
Alexandria Real Estate Equities' third-quarter results show its Seattle strategy of converting surplus lab sites to housing and courting advanced technology tenants still...
Seattle, Portland Rents Trail Midwest Peers Despite Near-Identical Apartment Supply Since 2023
ApartmentIQ figures for the 53 largest U.S. metros show Seattle and Portland expanded their apartment stock at almost exactly the same pace as...
Nashville Buyer Pays $17.5MM for Fully Leased 34,000 SQFT Woodinville Medical Center
A Nashville-based buyer has paid $17.5 million for the fully leased Woodinville Medical Center, handing the Bellevue-linked seller an 11 percent gain in...
Sound Transit Leases 31,000 SQFT at 5th & Jackson Building Near Union Station in Seattle’s Pioneer Square
The Central Puget Sound Regional Transit Authority has committed to 31,000 square feet of new office space at 315 5th Ave. S., the...
Martin Selig Real Estate Restructures Nearly $500MM in Debt on 12 Seattle Office Buildings, Clearing Path Out of Receivership
Martin Selig Real Estate has completed loan modifications covering 12 Seattle office buildings and about 2.2 million square feet, including a Midland-serviced loan...
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...
Seattle, Portland Rents Trail Midwest Peers Despite Near-Identical Apartment Supply Since 2023
ApartmentIQ figures for the 53 largest U.S. metros show Seattle and Portland expanded their apartment stock at almost exactly the same pace as...
Undisclosed Tenant Leases 86,000 SQFT from Ares Management on SW Cimino Street in Tualatin
An unnamed occupier took 86,481 square feet at 12220-12370 SW Cimino St in July, the third-largest Portland industrial lease of the quarter and...
Clark County Absorbs 648,000 SQFT as Portland’s Industrial Market Sheds 1.5MM SQFT
Larger occupiers and owner-users are pulling industrial demand north across the Columbia River, making Clark County the clear leader in Portland-area absorption in...
Oregon Commits $350MM to Brookfield’s Sixth Flagship Infrastructure Fund, Trimming Its Ticket From the Last Vintage
Oregon's state investment council has steered $350 million into Brookfield Infrastructure Fund VI and a companion co-investment vehicle, extending a long-running relationship with...
Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh...
Lincoln Property, DRA Advisors Buy 299,000 SQFT Portland Industrial Portfolio for $45.25MM
The five-building portfolio, marketed by JLL as fully leased Class B distribution space with a 3.8-year weighted average lease term, changed hands as...
Snohomish County Apartment Sales Reach $162MM in Q2 as Cap Rates Compress to 5.1% and 1,746 Units Rise
Snohomish County held its place as one of Puget Sound's steadiest multifamily markets in the second quarter of 2026, logging 10 sales worth...
Redmond and Kirkland Post Single-Digit Office Vacancy While Bellevue CBD Sits at 26%
While downtown Bellevue's trophy towers carry the region's highest rents and a 26 percent vacancy rate, Redmond and Kirkland have quietly become the...
Washington Sheds 15,400 Jobs in September as Back-to-School Hiring Falls Short; Unemployment Eases to 4.8%
Washington employers cut an estimated 15,400 seasonally adjusted jobs in September 2026, the state's second straight monthly decline, as state government and private...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
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,...
Harrison Street Affiliate Pays $58.4MM for Aegis Living on Madison in Seattle, Second Aegis Buy
A Harrison Street Asset Management affiliate has bought a second Aegis Living senior community in the Seattle area in the same week, paying...
KKR’s $78MM Baldwyn Northgate Buy Was North King’s Only Q2 Apartment Sale, Setting a 4.8% Cap Rate Mark
A single institutional trade beside the Northgate light rail station accounted for all of North King County's second-quarter apartment sales volume, lifting the...
Harrison Street Affiliate Pays $72MM for 110-Unit Aegis Gardens Senior Living Community in Newcastle
Harrison Street Asset Management has paid about $560 per square foot for a Lake Boren assisted living and memory care community, its second...
University Temple Church Scraps 933-Bed U District Student Housing Towers Planned With American Campus Communities
Eight years after agreeing to trade its century-old sanctuary for a pair of student towers, University Temple United Methodist Church is cancelling the...
RISE Properties Affiliate Sells 186-Unit Cooper Apartments in North Seattle for $37.8MM, 28% Below 2019 Price
An entity tied to RISE Properties has sold the 186-unit Cooper Apartments, the former Linden Square, in Seattle's Bitter Lake neighborhood for $37.8...
Judge Tosses DekaBank’s $17.2MM Repair Claim Against Blackstone at 315,000 SQFT Exchange Building in Seattle, Lets $30MM Guaranty Fight Proceed
A New York court has thrown out DekaBank's bid to make a Blackstone fund pay for projected repairs at Seattle's half-empty Exchange Building,...
AMLI Residential Pays $21.1MM for Spring District Block 15 Site in Bellevue, Where It Plans 296 Apartments
An AMLI Residential entity tied to Morgan Stanley's Prime Property Fund has paid $21.1 million for the Spring District's Block 15 in Bellevue,...
Alexandria CEO Says Institutional Investors Still Favor Seattle Lab Buildings Despite 18.9% Vacancy
Peter Moglia, chief executive of Alexandria Real Estate Equities, told analysts that Seattle belongs with Boston, San Francisco and San Diego as a...
