GID Buys 524-Unit Griffis North Creek Apartments for $195MM in Bothell
The sale caps a ten-year hold for Griffis Residential and marks GID’s third Puget Sound apartment acquisition since 2022. A 524-unit Snohomish County...
BentallGreenOak Affiliate Sells 214,000 SQFT Plaza 600 Tower for $12.5MM in Seattle
An Emeryville, California entity picks up the 57-year-old office tower for a basis low enough to compete on rent in a downtown submarket...
Lennar Warns Data-Center Boom and Immigration Crackdowns Are Squeezing Construction Labor
Lennar flagged tightening construction labor from data-center building and immigration enforcement in its fiscal third quarter, even as record cycle times and falling...
Millennium Northwest Clears Downtown Spokane Site for Potential Seven-Story Mixed-Use Project at Browne and Main
Spokane-based Millennium Northwest has begun demolishing four parcels it assembled at Browne Street and Main Avenue downtown, clearing the way for a potential...
Henry’s Gymnasium Founder to Open $8MM, 45,000 SQFT Sanctuary Club in Denny Triangle’s Met Park North
The 45,000-square-foot members-only club, backed by an $8 million investment from Henry's Gymnasium founder Glen Swain, will occupy space in the Hudson Pacific-owned...
Habitat for Humanity Breaks Ground on 50-Home True North Homeownership Community in North Portland’s University Park
Habitat for Humanity Portland Region and a coalition of public and nonprofit partners will formally launch True North, a 50-townhome development in University...
LDS Church Sells 2.47-Acre Mercer Island Site for $7.1MM Amid Puget Sound Consolidation
The Church of Jesus Christ of Latter-day Saints has offloaded a rare large parcel on one of the region’s most land-constrained islands, continuing...
Coffee TAB Marks Grand Opening at Vulcan’s 23rd and Jackson in Seattle
Coffee TAB celebrates its grand opening at Vulcan's 23rd and Jackson, its third Seattle café built from a single coffee cart.
32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 32-unit Edric Apartments in West Seattle has come to market at $12.5MM, priced well above the county's average per-unit sale.
Fred Hutchinson Cancer Center Acquires 225,000 SQFT Weyerhaeuser Office Building for $18MM in Federal Way
Fred Hutchinson Cancer Center buys the former Weyerhaeuser North Building I in Federal Way for $18 million.
Twelve Secures $45MM Credit Facility for Moses Lake E-Jet Plant Construction Loan
Twelve has swapped out the construction debt behind its first commercial-scale synthetic jet fuel plant for a new credit facility, marking the Moses...
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...
Habitat for Humanity Breaks Ground on 50-Home True North Homeownership Community in North Portland’s University Park
Habitat for Humanity Portland Region and a coalition of public and nonprofit partners will formally launch True North, a 50-townhome development in University...
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...
Lennar Warns Data-Center Boom and Immigration Crackdowns Are Squeezing Construction Labor
Lennar flagged tightening construction labor from data-center building and immigration enforcement in its fiscal third quarter, even as record cycle times and falling...
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...
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...