Chinese Developer Binjiang Offloads Seattle’s 142-Room Sound Hotel for $35MM
A Hangzhou Binjiang Real Estate Group affiliate has cashed out of the boutique hotel it helped build atop Belltown’s Arrivé tower, transferring the...
New Data Splits Washington in Two: Spokane’s Peer Group Is Boise, Not Seattle
A California investment manager has published a 21-year federal data model that treats Greater Seattle as a coastal primary market and counts Washington's...
Portland Council Lines Up Albina Vision Trust for 10 City-Owned Rose Quarter Parcels
Portland's council has tied the future of ten publicly owned parcels around the Moda Center to a single nonprofit, starting a 12-month clock...
Cowboy Space Leases 291,000 SQFT CenterPoint Facility in Kent for Rocket Manufacturing Hub
A Robinhood co-founder’s space startup has claimed the largest industrial lease signed in the Puget Sound region so far this year, converting a...
150,000 SQFT Former Fred Meyer in Tacoma Hits Sublease Market While Kroger’s Lease Runs to 2046
A shuttered South End Tacoma Fred Meyer hits the sublease market even as Kroger's rent obligation to landlord Benderson Development runs through 2046.
PCP Plans 731 Units in Three Downtown Redmond Towers Near Light Rail
Cleveland-based PCP plans 731 apartments across three Redmond developments, starting with the 217-unit Rove near light rail.
Portland Apartment Pipeline Contracts to 1,953 Units as 2026 Completions Head for 56% Drop
Northmarq's latest research shows Portland's apartment development pipeline has fallen below 2,000 units after three years of contraction, and the firm expects that...
Seattle Sits Out the National Office Occupancy Index Even as Puget Sound Landlords Chase the Same Answer
The most widely cited measure of the American return to office does not track Seattle, leaving Puget Sound owners and lenders to benchmark...
Oregon Lands on Battery Storage’s Map as Washington Towns Move to Block Grid-Scale Sites
Benchmark Mineral Intelligence named Oregon among the states driving pipeline growth in the largest battery storage quarter the country has ever recorded, even...
Beverly Hills Investor Buys DEMGY Pacific’s Tacoma Plant for $9.2MM
Pierce County’s tightest industrial vacancy backdrop hasn’t stopped a Beverly Hills investor from paying $9.2 million for the Tacoma facility that houses DEMGY...
Oregon Joins a Faster-Growing Inland West on Paper, With Portland Weighing Down the Average
A new 21-year data model from a California investment manager takes Oregon in full as the fourth-largest component of a 47.3 million-person Inland...
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.
Portland Council Lines Up Albina Vision Trust for 10 City-Owned Rose Quarter Parcels
Portland's council has tied the future of ten publicly owned parcels around the Moda Center to a single nonprofit, starting a 12-month clock...
Portland Apartment Pipeline Contracts to 1,953 Units as 2026 Completions Head for 56% Drop
Northmarq's latest research shows Portland's apartment development pipeline has fallen below 2,000 units after three years of contraction, and the firm expects that...
Oregon Lands on Battery Storage’s Map as Washington Towns Move to Block Grid-Scale Sites
Benchmark Mineral Intelligence named Oregon among the states driving pipeline growth in the largest battery storage quarter the country has ever recorded, even...
Oregon Joins a Faster-Growing Inland West on Paper, With Portland Weighing Down the Average
A new 21-year data model from a California investment manager takes Oregon in full as the fourth-largest component of a 47.3 million-person Inland...
1990s-Vintage Apartments Drive More Than a Third of Portland Sales as Median Price Slides 13% to $183,800 per Unit
Portland multifamily investors spent the first quarter rotating hard into 1990s-built product, much of it changing hands below what the same assets fetched...
$7.4MM Permanent Loan Secured to Refinance 70-Unit Treehouse Apartments in Portland
A private real estate investor has refinanced the 70-unit Treehouse Apartments at the doorstep of Oregon Health & Science University's Marquam Hill campus...
Pacific Northwest Commercial Real Estate News
2026 Pacific Northwest CRE Rising Stars
Celebrating the Next Generation of Commercial Real Estate Excellence From the tech epicenters of Seattle and Portland to the industrial ports of...
Continue ReadingNew Data Splits Washington in Two: Spokane’s Peer Group Is Boise, Not Seattle
A California investment manager has published a 21-year federal data model that treats Greater Seattle as a coastal primary market and counts Washington's...
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...
Everwild Nordic Spas Hunts Washington Sites, Targeting 80,000 SQFT Urban Buildings and 5-Acre Parcels
First Western Properties has been tapped to source Washington acquisition targets for Everwild Nordic Spas & Hotels, the Basecamp Resorts brand that is...
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)...
Everwild Nordic Spas Hunts Washington Sites, Targeting 80,000 SQFT Urban Buildings and 5-Acre Parcels
First Western Properties has been tapped to source Washington acquisition targets for Everwild Nordic Spas & Hotels, the Basecamp Resorts brand that is...
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...
Boo Han Market Secures Permits for Third Store at Former 18,870 SQFT Grocery Outlet in Federal Way
A family-owned Korean grocer that started in a Lakewood garage nearly five decades ago has now cleared a construction milestone toward opening its...
Ventas-Linked Buyer Pays $24.1MM for Kent Senior Living Community
A Ventas-linked buyer pays $24.1 million for the Arbor Village senior living community in Kent, well below KKR's $41 million purchase in 2018.
Seattle’s Apartment Boom Skipped Families, With Only 14.5% of Rentals Offering Three or More Bedrooms
A Berkadia analysis of Seattle's rental stock finds the metro has spent its building cycle on studios and one-bedrooms, leaving renter families to...
1990s-Vintage Apartments Drive More Than a Third of Portland Sales as Median Price Slides 13% to $183,800 per Unit
Portland multifamily investors spent the first quarter rotating hard into 1990s-built product, much of it changing hands below what the same assets fetched...
$7.4MM Permanent Loan Secured to Refinance 70-Unit Treehouse Apartments in Portland
A private real estate investor has refinanced the 70-unit Treehouse Apartments at the doorstep of Oregon Health & Science University's Marquam Hill campus...
23-Unit Yakima Apartment Community Listed at $3.1MM, 6.81% Cap Rate
Yakima 23’s $3.1 million listing lands as Eastern Washington apartment sales rebound and cap rates compress toward 6.2 percent, testing whether a smaller,...
