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...
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...
King County Apartments Split as 33 Q2 Sales Total $357MM and 13,347 Units Stay Under Construction
Kidder Mathews' latest Puget Sound research shows King County's four apartment submarkets pulling in different directions in the second quarter of 2026, with...
Dorsey & Whitney Signs 46,000 SQFT Lease at Seattle’s Tower 1201 as Downtown Posts First Positive Absorption Since 2021
Dorsey & Whitney, the Minneapolis-founded law firm with a Seattle office at Columbia Center, signed a 46,000-square-foot new lease at the 55-story Tower...
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...
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...
Portland Apartment Pipeline Falls 36.7% to 3,581 Units as Renters Absorb Nearly Twice What Developers Deliver
Portland renters filled nearly two apartments for every one the region delivered through the first nine months of 2026, and with the construction...
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...
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,...
Eastside and Northend Industrial Absorption Swings 780,000 SQFT to Positive as Vacancy Falls to 7.5%
While the rest of the Puget Sound industrial market loses tenants, the Eastside and Northend posted one of their strongest years in recent...
Seattle Suburban Office Rents Slip 2.6% to $34.80 as Leasing Jumps 74% and Renton Draws 407,000 SQFT of Deals
Seattle's suburban office landlords are trading rent for occupancy, cutting average asking rates to $34.80 per square foot, roughly $12 below downtown, as...
Downtown Seattle’s Q3 Office Absorption Ranges From Plus 300,000 SQFT to Minus 116,000 SQFT Depending on the Broker
CBRE says Downtown Seattle's office market absorbed 300,000 square feet in the third quarter, its first positive quarter since 2021, while Cushman &...
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...
Owner-Users Outbid Investors for Puget Sound Office Buildings, Paying Up to $969 Per SQFT as Downtown Towers Trade Near $58
Buyers that intend to occupy what they buy paid well above investor pricing for smaller Puget Sound office buildings in the third quarter...
New Supply, Not Lost Tenants, Drove Puget Sound Industrial Vacancy to 12% as Pipeline Shrinks 74%
The Puget Sound's industrial vacancy rate nearly tripled from 4.3 percent to 12.0 percent over roughly four years, but CBRE's latest numbers show...
Three Puget Sound Industrial Districts Top 25% Vacancy as Spec Warehouses Sit Empty
CBRE's third-quarter 2026 district data shows Tacoma West, Federal Way and North Snohomish County each carrying industrial vacancy more than double the regional...
Onni Group Opens Leasing for 800,000 SQFT of Office Space at Three-Tower Onni Bellevue Development
Onni Group has opened office leasing at Onni Bellevue, its three-tower, roughly 600-foot mixed-use project rising on the former Barnes & Noble block...
