Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
Formation Report Points Seattle to Austin’s Upzoning as the Fix for Its Housing-Cost Premium
Formation's assessment of Seattle's economy holds up Austin, which added 120,000 homes and watched rents fall after cutting lot sizes and upzoning, as...
Washington Ranks Sixth Nationally for Real Construction Pay as Seattle, Portland Climb
A Construction Coverage analysis of federal wage and cost data ranked Washington sixth among all states for cost-adjusted construction pay, with the Seattle...
119,793 SQFT Bay Vista Office Tower in Seattle’s Belltown Scheduled for Auction Starting at $2MM
Lender-Owned Belltown Tower Hits Online Auction Block a Decade After $33.6MM Purchase A Belltown office tower that changed hands for $33.6 million a...
Kilroy’s West8 Tower in Seattle Lands GM, SoFi and Foster Garvey Leases Totaling Nearly 130,000 SQFT
A Seattle office tower that Amazon largely abandoned three years ago is filling back up, with law firm Foster Garvey becoming the latest...
Terrene Homes Affiliate Buys 7.56-Acre Land Assemblage in Sammamish for $16.7MM
The purchase consolidates four separate Ruby family LLCs — each tied to an individual parcel — into a single closing A four-parcel home...
Farmland In, Chapels Out: The Mormon Church’s Two-Front Real Estate Play Across Washington
While the Church of Jesus Christ of Latter-day Saints plants capital for generations in the Columbia Basin, where it outbid Bill Gates for...
Three International Teams Advance in Portland’s $40MM Waterfront Park Redesign
Portland Parks & Recreation has narrowed a global field of more than 150 firms to three finalist teams competing to reimagine Governor Tom...
Russell Square, Jackson Square Complete 570-Unit Highlands at Silverdale
The Seattle and San Francisco developers bring a 26-acre bluff-top project to full completion, adding the largest new supply in years to a...
Former Spokane Quality Inn Used by Thrive International for Refugee Housing Hits the Market After Receivership
The downtown Spokane hotel that Thrive International converted into transitional housing for refugees and homeless residents is on the market after a court...
Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B
Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents,...
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...
Washington Ranks Sixth Nationally for Real Construction Pay as Seattle, Portland Climb
A Construction Coverage analysis of federal wage and cost data ranked Washington sixth among all states for cost-adjusted construction pay, with the Seattle...
Three International Teams Advance in Portland’s $40MM Waterfront Park Redesign
Portland Parks & Recreation has narrowed a global field of more than 150 firms to three finalist teams competing to reimagine Governor Tom...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Oregon and Washington Host 139 Data Centers and 6,444 MW, but Texas Is Winning the Next Wave
The Pacific Northwest built one of the nation's largest data-center footprints on cheap hydropower, but new figures show Oregon and Washington capturing only...
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...
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
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...
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...
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...
Seattle Social Housing Developer Pauses Lowest-Income Applications at 150-Unit Elara to Build Out Support Services
The voter-created agency behind Seattle's social housing experiment has temporarily stopped taking applications from its lowest-income prospective tenants at its first building, Elara...
Scannell Properties Pays $11.8MM for Shovel-Ready Emerald Logistics Site in Auburn
Indianapolis-based Scannell Properties has bought a fully entitled industrial site in Auburn that its previous owner spent years preparing for exactly this kind...
Seattle Revives MHA Fee Break of Up to 80% to Jump-Start 5,672 Stalled Housing Units
Two months after a nearly identical deal collapsed, Councilmember Dionne Foster has reintroduced a Mandatory Housing Affordability fee reduction — now branded the...
Seattle’s 1000 Denny Way Office Loan Heads to Special Servicing Ahead of 2027 Maturity
A $56 million loan secured by the 263,000-square-foot office building at 1000 Denny Way has landed in special servicing weeks before its February...
Tacoma’s Historic Union Station Courthouse Slated for $79MM Federal Renovation Beginning Late 2027
Federal officials are pressing ahead with a comprehensive overhaul of Tacoma's century-old Union Station courthouse, with construction on seismic and building-systems upgrades scheduled...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
Formation Report Hands Seattle a Real Estate Playbook: Public Land, Bonding and Hard-Tech Hubs
Formation's assessment of Seattle's economy lays out a development agenda built on public land and municipal bonding capacity, pointing to New York's BATWorks...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...