Brookfield Lands $210MM Refinancing on Meta-Leased Bellevue Offices as KBRA Values 543,000 SQFT Complex 33% Below Appraisal
Brookfield Premier Real Estate Partners is refinancing two Spring District office buildings fully leased to Meta with $210 million in new CMBS debt,...
Ardent Companies Acquires Loan on Steinhauer’s Pioneer Square Tower-and-Hotel Complex in $107MM Seattle Recapitalization
County records show that Atlanta-based The Ardent Companies has taken over the mortgage tied to Seattle's 255 South King Street complex, home to...
American Capital Group Moves Forward with 449-Unit Mixed-Use Tower in Bellevue’s Wilburton Neighborhood
American Capital Group is seeking design review and critical-area variances to build 449 apartments, including 90 affordable units, on a steeply sloped former...
Realty Income Affiliate Buys 30,000 SQFT Tesla Collision Site in Tacoma for $18.4MM
Realty Income's institutional net-lease fund paid $18.4 million for the purpose-built Tesla collision facility, more than doubling what Drake Real Estate Services spent...
Bellwether Housing Files Plans for 126-Unit Affordable Housing Development in Bellevue’s Wilburton
Bellwether Housing has submitted design review plans for an eight-story, 126-unit development at 12000 NE Bellevue-Redmond Road, advancing a city-backed affordable housing project...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
$14.6MM Construction-to-Permanent Loan Secured for 65-Unit Milano Issaquah Apartments
Gantry secured a $14.6 million construction-to-permanent loan for the 65-unit Milano Issaquah Apartments near Costco's headquarters.
MRM Capital Lists for Sale 102-Unit BELL10 Development in Downtown Bellevue
An entitled site for a 102-unit apartment development has hit the market in Downtown Bellevue just as the submarket’s housing pipeline hits a...
Timberlane Partners Secures $52MM Refinancing Loan for 162-Unit Apartment Complex in Sumner
Mesa West Capital provided Timberlane Partners a $52 million first-mortgage loan to refinance the 162-unit Sumner Mill Apartments, capitalizing on the property’s rapid...
Brookfield Clinches Record $77B Quarter, Pushing Assets Past $1 Trillion
Brookfield Asset Management pulled in a company-record $77 billion during the second quarter of 2026, lifting its assets under management past $1 trillion...
Recorded Memo Reveals Anthropic’s 113,000 SQFT Dexter Yard Lease in Seattle Runs 11 Years With Option to Buy
A memorandum of lease recorded with King County lays bare the long-term structure of Anthropic's Dexter Yard commitment, showing a 133-month term, two...
Bellevue Anchors Puget Sound Office Rebound as Regional Vacancy Climbs to 23.4% in Q2 2026
A widening split defined the Puget Sound office market in the second quarter of 2026, with Bellevue’s AI-fueled leasing surge and a thinning...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
Macerich Readies $372MM for Mall Acquisitions as Oregon Anchors Its Pacific Northwest Position
Macerich has $372 million in unsettled forward equity earmarked for enclosed mall acquisitions at stabilized yields of 9 to 11 percent, a war...
Oregon Importers Paid $2.89B in Tariffs as Exports Fell 17%, State Report Finds
A new analysis commissioned by Gov. Tina Kotek found that Oregon absorbed $2.89 billion in tariff costs over 10 months of 2025 and...
ODOT Draft Estimate Pushes Rose Quarter Freeway Project to $3.6B, Leaving Nearly $3B Unfunded
A draft internal cost memo prepared by the Oregon Department of Transportation and posted publicly this week values the remaining unfunded work on...
Multnomah County Commissioners Float New Funding Path for Moda Center’s $600MM Overhaul
Two Multnomah County commissioners are pushing to fund the county's entire $88 million capital pledge for the Moda Center renovation through an existing...
Cascada Breaks Ground on 68-Room Thermal Springs Hotel and Spa in Downtown Bend, Eyes 2028 Opening
SolTerra and Portland design firm Hacker have broken ground on a 68-room Cascada thermal springs hotel and spa in downtown Bend, importing the...
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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...
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Brookfield Clinches Record $77B Quarter, Pushing Assets Past $1 Trillion
Brookfield Asset Management pulled in a company-record $77 billion during the second quarter of 2026, lifting its assets under management past $1 trillion...
Washington County, Tualatin Float SIP Tax Break to Anchor Lam Research’s $1.7B TuX Expansion
Washington County and the City of Tualatin have proposed a Strategic Investment Program tax abatement designed to lock in as much as $1.7...
South Sound Industrial Pipeline Swells to 5.8MM SQFT at Midyear as Big-Box Projects Push South into Lewis County
Lee & Associates' midyear 2026 report shows nearly 5.83 million square feet of industrial space under construction across the South Sound, with capital...
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)...
The Geography of Want: Why Starbucks Can’t Drag Its People to Nashville
By Billy the Broker (I just want to stay anonymous) There’s an old joke about the Boston banker who, told he must relocate...
Hudson Pacific Rides Seattle Leasing Momentum as Downtown Vacancy Drops for First Time in Six Years
Hudson Pacific Properties said its Seattle portfolio now carries more deals in negotiation than any other market it owns, as fresh leases from...
Microsoft Stretches Data Center, Office Building Depreciation to 25 Years, Reshaping $175B CapEx Plan
The software giant told analysts on its fiscal fourth-quarter earnings call that lengthening the accounting life of its global data centers and offices...
Macerich Readies $372MM for Mall Acquisitions as Oregon Anchors Its Pacific Northwest Position
Macerich has $372 million in unsettled forward equity earmarked for enclosed mall acquisitions at stabilized yields of 9 to 11 percent, a war...
Oregon Importers Paid $2.89B in Tariffs as Exports Fell 17%, State Report Finds
A new analysis commissioned by Gov. Tina Kotek found that Oregon absorbed $2.89 billion in tariff costs over 10 months of 2025 and...
80 Acres Farms Shutters 137,000 SQFT Marysville Vertical Farm Landlord Had Been Marketing Since March
The abrupt shutdown of 80 Acres Farms leaves a Bellevue landlord holding a $30.6 million single-tenant industrial building in the Cascade Industrial Center...
ODOT Draft Estimate Pushes Rose Quarter Freeway Project to $3.6B, Leaving Nearly $3B Unfunded
A draft internal cost memo prepared by the Oregon Department of Transportation and posted publicly this week values the remaining unfunded work on...
Fed Holds Rates Steady in July With Three Dissents as Goldman Sees No Hike Through 2026
The Federal Reserve left its benchmark rate unchanged at its July meeting despite the closest call on a hike in three decades, offering...
Spokane Lures Boomers While Seattle Pulls Gen Z: U-Haul’s Midyear Data Maps the Northwest’s Generational Split
U-Haul's 2026 midyear migration report shows the Pacific Northwest attracting movers at opposite ends of the age spectrum — Spokane ranking among the...
