Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
TA Realty Affiliate Sells 55,000 SQFT Tacoma Industrial Building for $8.3MM
Still Water LLC pays $8.3MM for a Tacoma distribution building leased to Smith-Western Co. since 1999, county records show.
Bellevue Weighs 12th Revision to Spring District Plan, Converting North Blocks to 560 Units
Wright Runstad seeks to convert the Spring District's North Blocks from office to roughly 560 units of housing near Bellevue's light rail station.
WinCo Pushes Ahead on First Seattle Store With New Permit Filings, Targets Opening Within a Year
WinCo Foods is pushing ahead on its long-stalled first Seattle store, filing new permit paperwork for the vacant former Sam’s Club on Aurora...
Avangrid Expands Montgomery Park Lease to 55,000 SQFT in Portland
An energy company that relocated its Portland operations into Montgomery Park four years ago is growing rather than shrinking its footprint there, a...
Operating Seattle and Portland’s Buildings Fuels a $18.7BN Economic Engine, BOMA Study Finds
A new economic-impact study from BOMA International sizes the Pacific Northwest's building-operations economy, finding that metro Seattle and Portland together sustain more than...
Mariners Line Up $19MM in T-Mobile Park Upgrades for 2027, Pending PFD Approval
The Seattle Mariners have handed the public agency that owns T-Mobile Park a 47-item wish list for the coming offseason, weighted toward security...
Formation Report Finds Seattle Added Just 16 Mid-Sized Tech Firms as Rivals Added Dozens
Formation's assessment of Seattle's economy shows the city added only 16 mid-sized technology firms between 2017 and 2023 while San Francisco added 104,...
Shake Shack, Boot Barn Sign Leases at The Hub @ Everett as Brixton Reaffirms Topgolf
Brixton Capital has signed Shake Shack and Boot Barn to anchor spots at The Hub @ Everett, pairing the leasing news with a...
Downtown Seattle Draws Nearly 3.8MM Visitors in August, Topping 2019 as Office Return Holds at 62%
Nearly 3.8 million unique visitors and 9.2 million total visits flowed into downtown Seattle in August, pushing tourism, hotel demand and residential occupancy...
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...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Avangrid Expands Montgomery Park Lease to 55,000 SQFT in Portland
An energy company that relocated its Portland operations into Montgomery Park four years ago is growing rather than shrinking its footprint there, a...
Operating Seattle and Portland’s Buildings Fuels a $18.7BN Economic Engine, BOMA Study Finds
A new economic-impact study from BOMA International sizes the Pacific Northwest's building-operations economy, finding that metro Seattle and Portland together sustain more than...
Mercy Housing Northwest Plans 158 Affordable Units on Former ESCO Site in Portland
Mercy Housing Northwest’s two-phase filing for family-sized apartments on Northwest Portland’s former ESCO site tests whether the city’s years-long push to rezone industrial...
Knights Commit $1.1B to Providence for Oregon’s First Women’s Hospital
Phil and Penny Knight commit $1.1 billion to Providence, funding Oregon's first women's hospital and heart care expansion.
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 ReadingUCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral
A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...
Seattle Construction Costs Trail National Pace as Q2 Costs Rise 3.48%
Seattle’s non-residential construction costs kept climbing in the second quarter of 2026, but at a pace that continues to lag the rest of...
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...
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...
Unico Retail Property Near Pike Place Market in Seattle Enters Receivership After $14.5MM Default
The collapse of First and Union’s occupancy traces to Pike Brewing Company’s November 2025 closure of its 30-year flagship taproom, a loss that...
City of Bellevue Approves Koz’s 188-Unit Micro-Apartment Project in BelRed
Bellevue approves Koz Development's 188-unit Koz on BelRed, with 76 percent of units set aside as affordable micro-apartments.
Wright Hotels Lists 170-Acre Semiahmoo Resort in Blaine for $27.5MM
A Seattle ownership group that rescued a shuttered waterfront resort near the Canadian border 13 years ago is now testing whether the market...
Mercy Housing Northwest Plans 158 Affordable Units on Former ESCO Site in Portland
Mercy Housing Northwest’s two-phase filing for family-sized apartments on Northwest Portland’s former ESCO site tests whether the city’s years-long push to rezone industrial...
369-Unit Modera Bridle Trails Opens in Kirkland on Former TechCity Bowl Site
A Kirkland bowling alley that entertained Eastside families for nearly seven decades has given way to a 369-unit apartment community now welcoming its...
Taylor Morrison Acquires 3.42-Acre Rose Hill Village Site in Kirkland for $27MM
Taylor Morrison’s $27 million purchase of the former Kelly-Moore Paint site pays MainStreet Property Group a 32 percent gain since 2022, underscoring how...
Bellevue Approves Su Development’s 27-Story 205 Tower as Affordable Units Drop 72%
Bellevue approves Su Development's 27-story 205 Tower, though its affordable units have fallen from 29 to just 8 since 2025.
Formation Report Finds Seattle Manufacturers Being ‘Priced Out,’ With Factory Jobs Down Nearly 12%
Formation's assessment of Seattle's economy places manufacturing and other traded industries in a 'priced out' category, finding factory firms and jobs have contracted...
