Preylock Targets Q4 Close on 365,000 SQFT Amazon-Leased West Main Tower for $340MM in Downtown Bellevue
Los Angeles-based Preylock Real Estate Holdings is working through the final details of its acquisition of Vulcan Real Estate's 364,868-square-foot West Main office...
Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’
At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...
Seattle Posts Fastest AI Office Demand Growth but Trails Three-Market Core, VTS Finds
New VTS research shows AI companies entering the office market 27 percent more often than a year ago, but with San Francisco, New...
Blairston Associates Files Plans for 12-Story Olson Kundig-Designed Hotel and Residential Building in Seattle’s Belltown
A 70,788-square-foot hotel and residential building planned for 2934 Western Ave. has entered Seattle’s land use permit review, as only two hotels are...
Curbline Properties Buys Two Lake Meridian Crossing Retail Buildings in Kent for $7.2MM
Two Lake Meridian Crossing retail buildings on Kent-Kangley Road in Kent sell for $7.2MM to a Beachwood, Ohio, buyer tied to Curbline.
Former Magnolia Bartell Drugs Markets 18,000 SQFT Box as Indoor Swim School Eyes the Space
The former Bartell Drugs in Magnolia Village, an 18,369 SF box at 2222 32nd Ave. W., could become an indoor swim school as...
Ivanov Investment Group Buys 51,000 SQFT Woodburn Manufacturing Facility With 3-Acre Yard for $7.15MM
Ivanov Investment Group paid $7.15MM for a 51,274-square-foot manufacturing building with a 3-acre yard on 4.81 acres in Woodburn, Ore.
Russell Hall Owner Lands $16MM Life Company Refinance for 62,000 SQFT University District Mixed-Use Building
Russell Hall’s owner lands a $16MM life company refinance for the 62,400 SF University District mixed-use building despite a looming office vacancy.
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Port of Seattle Reopens Terminal 91’s Berths 6 and 8 After $98MM Rebuild of Long-Condemned Pier
The Port of Seattle has finished rebuilding Berths 6 and 8 on Pier 90 at Terminal 91, converting a timber apron that sat...
Laundromat Franchise LaundroLab Seeks 3,000 to 4,000 SQFT Grocery-Anchored Sites Across Puget Sound
LaundroLab, the laundromat franchise spun out of the team behind on-demand service 2ULaundry, has enlisted Kidder Mathews to find 2,700- to 4,100-square-foot storefronts...
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...
Ivanov Investment Group Buys 51,000 SQFT Woodburn Manufacturing Facility With 3-Acre Yard for $7.15MM
Ivanov Investment Group paid $7.15MM for a 51,274-square-foot manufacturing building with a 3-acre yard on 4.81 acres in Woodburn, Ore.
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Pacific Industrial Taps Link Logistics Veteran Bud Pharris as CEO to Drive Western U.S. Expansion
Long Beach-based developer Pacific Industrial has hired Bud Pharris, who ran Blackstone-owned Link Logistics' nine-market West Region, as chief executive officer to steer...
Newmark Taps Jake Gustafson as Northwest Director of Engineering to Back Washington and Oregon Property Teams
Newmark has hired Jake Gustafson as Director of Engineering for the Northwest, placing a dedicated engineering leader alongside the property management teams that...
BRIDGE Housing Wins AA Rating from S&P, Setting the High-Water Mark for Nonprofit Housing Developers
S&P Global Ratings lifted BRIDGE Housing Corp.'s issuer credit rating and the rating on its outstanding debt to AA from AA-, rewarding the...
The Oregon Clinic Pays $17.3MM for Beaverton Building It Converted Into Creekside Pavilion Medical Hub
The Oregon Clinic paid $17.3MM for the Beaverton office building it converted into Creekside Pavilion, a five-clinic medical hub.
Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’
At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...
Broderick Still Sees Eastside Office Vacancy at 19% by Year-End, a Target That Needs 1.2MM SQFT in One Quarter
Broderick Group's appendix projects Eastside office vacancy will end 2026 at 19.0 percent on 1.18 million square feet of net absorption for the...
Mayor Wilson Puts Kidder Mathews, Amazon and Port of Seattle on Task Force as Downtown Office Vacancy Hovers Near 35%
Seattle Mayor Katie Wilson has named 18 business, labor and civic leaders, from Kidder Mathews Chairman Bill Frame to Port of Seattle President...
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...
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...
Hudson-Led Venture Lands 20-Year Deal for 31,000 SQFT Duty-Free Expansion at Seattle-Tacoma Airport
The Port of Seattle has handed a joint venture of Avolta-owned Hudson and four local small businesses a 20-year contract to build out...
Nscale Doubles Lease at Bellevue’s The Eight to 46,000 SQFT Ahead of Opening and $35B IPO
The London-based AI data center developer has added a second floor at The Eight before moving into its first one, a commitment made...
The Oregon Clinic Pays $17.3MM for Beaverton Building It Converted Into Creekside Pavilion Medical Hub
The Oregon Clinic paid $17.3MM for the Beaverton office building it converted into Creekside Pavilion, a five-clinic medical hub.
Coverse Capital Pays $17.5MM for 88-Unit 6700 Roosevelt Apartments Across From Seattle Light Rail Station
Coverse Capital paid $17.5MM, about $198,900 per unit, for the 88-unit 6700 Roosevelt across from Seattle’s Roosevelt light rail station.
Bellwether Housing Lists 85-Unit Olive Tower Across From Seattle Convention Center for $8.5MM
Bellwether Housing has put its 14-story Olive Tower on the block at $8.5 million, offering investors a rare shot at an 85-unit downtown...
General Robotics Signs 19,000 SQFT Lease at Redmond’s Willows Run Building as Microsoft Alumni Scale Robot AI
General Robotics, the Redmond robotics software startup founded by former Microsoft researchers, has signed a 19,107-square-foot lease at the Willows Run Building on...
Digital Realty Targets $3B for Open-End Hyperscale Data Center Fund as Arkansas Teachers Commits $100MM
Digital Realty is courting roughly $3 billion in cornerstone capital for a permanent, core-plus vehicle built to own stabilized North American hyperscale data...
