Central City Concern Acquires 160,000 SQFT Everett Building in Portland Old Town for $11MM
Nonprofit’s purchase of former NWEA headquarters lands at 77 percent below the property’s 2015 trade, marking the latest fire-sale benchmark for downtown Portland...
Portland Posts Nation’s Second-Worst Metro Construction Loss as Oregon Sheds 1,900 Jobs
The Portland-Vancouver-Hillsboro metro lost 4,900 construction jobs over the year ending March, ranking 359th of 360 U.S. metros in absolute losses and trailing...
Washington Construction Payrolls Stall as Seattle-Tacoma-Bellevue Sheds 2,200 Jobs
Statewide employment held flat at 214,600 in March even as the Puget Sound’s largest metro continued a year-long contraction, deepening regional concerns about...
Portland Hotels Limp Into 2026 as Downtown Distress Collides With Suburban Strength
National hotel performance is finally turning the corner, but Portland’s recovery remains stuck in the slow lane as international travel falters and downtown...
New Blueprint, Rabina Land $75MM Loan to Launch 250-Unit First Phase at Former HP Campus in Vancouver
Six-year transformation of 180-acre Vancouver Innovation Center pivots from office park renovation to ground-up residential, with another 1,000 units in the pipeline. After...
JP Morgan Pulls Plug on $1.4B Core-Plus Real Estate Fund, Putting Seattle Office Towers Back in Spotlight
The 24-year-old US Real Estate Income and Growth vehicle leaves behind a Denny Triangle footprint that once anchored the West Coast’s biggest office...
Washington’s Top-Producing CVS Hits Market in Puyallup at $8.89MM, 5.5% Cap
The 17,272-SQFT pharmacy at a Pierce County hard corner is being offered at pricing roughly 100 basis points inside the Q1 2026 single-tenant...
Renton Bets $10MM on Downtown Reinvention as HEART Block Opens June 6 with World Cup in Sight
The city’s long-planned trifecta—Legacy Square, Piazza Park, and the Renton Market—debuts June 6, converting a former auto dealership and a vacant gravel lot...
Bellingham Clears 38-Unit Tull 3 Development With 30,000 SQFT Commercial Pad on Meridian
The City of Bellingham has signed off on environmental review for one of the next pieces of Meridian Street’s ongoing residential and retail...
Washington National Guard Announces Groundbreaking on $57.6MM Joint Force Headquarters at Camp Murray in Tacoma
The long-delayed Tacoma-area facility will consolidate senior military leadership and staff currently scattered across aging buildings into a single command campus by summer...
Sound Transit Chair Floats Scaled-Back Ballard Link, Issaquah Delay To Close $34.5B Gap
Resolution R2026-11 would truncate the region’s highest-ridership light rail line at Seattle Center and push the South Kirkland-to-Issaquah extension to 2050 Sound Transit...
PMF Investments Lists 2.86-Acre Redmond Inn Assemblage as Mixed-Use Redevelopment Play Near Microsoft
The Bellevue investor, which paid $20.2 million for the 137-room hotel and adjacent Family Pancake House two years ago, has tapped Newmark to...
Central City Concern Acquires 160,000 SQFT Everett Building in Portland Old Town for $11MM
Nonprofit’s purchase of former NWEA headquarters lands at 77 percent below the property’s 2015 trade, marking the latest fire-sale benchmark for downtown Portland...
Portland Posts Nation’s Second-Worst Metro Construction Loss as Oregon Sheds 1,900 Jobs
The Portland-Vancouver-Hillsboro metro lost 4,900 construction jobs over the year ending March, ranking 359th of 360 U.S. metros in absolute losses and trailing...
Portland Hotels Limp Into 2026 as Downtown Distress Collides With Suburban Strength
National hotel performance is finally turning the corner, but Portland’s recovery remains stuck in the slow lane as international travel falters and downtown...
New Blueprint, Rabina Land $75MM Loan to Launch 250-Unit First Phase at Former HP Campus in Vancouver
Six-year transformation of 180-acre Vancouver Innovation Center pivots from office park renovation to ground-up residential, with another 1,000 units in the pipeline. After...
154,600 SQFT Meadowlark Industrial Center in Portland’s Sunset Corridor Trades for $30MM
Fully leased, Class A industrial asset totaling 154,646 square feet trades in one of the region’s most established advanced manufacturing submarkets Portland, Ore.,...
Wishcamper Opens 164-Unit Amity Orchards Affordable Community in Beaverton’s South Cooper Mountain
The $80MM multigenerational project, backed by $9MM from Metro’s voter-approved housing bond, is the second bond-funded community to open in the fast-growing area...
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 ReadingPortland Posts Nation’s Second-Worst Metro Construction Loss as Oregon Sheds 1,900 Jobs
The Portland-Vancouver-Hillsboro metro lost 4,900 construction jobs over the year ending March, ranking 359th of 360 U.S. metros in absolute losses and trailing...
Seattle Lands Among Top Five Global AI Office Markets Despite Rising Vacancy
Tech tenants leased increasing volumes of Seattle office space in 2025 as AI demand pushed the metro into the top tier of global...
Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing...
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...
McNellis: F*** Real Estate?
Publisher’s Note What began over a decade ago as a series of candid, sharp-witted articles written for The Registry has grown into one of the...
March’s Jobs Report and the Art of Misdirection
Behind the rosy March employment headline, a quiet exodus: nearly 400,000 Americans gave up on the job market in a single month. By...
The Seven Bills Governor Ferguson Signed That Actually Matter (For Our Industry)
By Billy the Broker (I just want to stay anonymous) There’s an old magician’s trick—old as in Roman Coliseum old—called misdirection. While the...
The Buyer Who Wasn’t There
The record gap between home sellers and buyers reveals a tale of two Americas—Sun Belt markets drowning in oversupply while Northern cities with...
Brokers Bet Seattle Apartments Are Next as San Francisco Rents Surge and Tech Returns
A May 2026 market recap argues the Bay Area’s rent explosion and fresh tech leasing from Apple and Anthropic foreshadow a turn for...
Port of Seattle Unveils 31-Project Blueprint to Expand SEA for 56 Million Passengers by 2032
The Port’s Draft Environmental Impact Statement opens public comment on a sweeping near-term expansion anchored by a second terminal and 19 new gates....
154,600 SQFT Meadowlark Industrial Center in Portland’s Sunset Corridor Trades for $30MM
Fully leased, Class A industrial asset totaling 154,646 square feet trades in one of the region’s most established advanced manufacturing submarkets Portland, Ore.,...
Wishcamper Opens 164-Unit Amity Orchards Affordable Community in Beaverton’s South Cooper Mountain
The $80MM multigenerational project, backed by $9MM from Metro’s voter-approved housing bond, is the second bond-funded community to open in the fast-growing area...
InCity Properties Lists 84-Unit Altura Apartments in Spokane at $12MM with 34% Renovation Upside
The 1972-built Riverside tower is being marketed as a value-add play with a 6.61 percent in-place cap rate and capacity to push rents...
AvalonBay and Equity Residential Forge $69B Apartment Titan in All-Stock Merger of Equals
The combination of the nation’s two largest multifamily REITs creates a 180,000-unit powerhouse with dominant positions in Los Angeles, New York and Greater...
Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing...
Seattle Lands Among Top Five Global AI Office Markets Despite Rising Vacancy
Tech tenants leased increasing volumes of Seattle office space in 2025 as AI demand pushed the metro into the top tier of global...