Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
Mesirow Financial’s value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new...
JB Matteson Sells 134-Unit Langara Apartment Community for $55.1MM in Issaquah
CBRE arranged the sale of 134-unit apartment and townhome community Langara, a 134-unit garden-style apartment and townhome community called Langara in Issaquah has...
Vintage Housing Plans 262-Unit Conversion of 411,000 SQFT Former Microsoft Campus in Issaquah
Vintage Housing has filed plans to convert two vacant former Microsoft office buildings totaling 410,848 square feet in Issaquah into 262 affordable housing...
Port of Seattle Advances Terminal 91 West Berth Dredging to Ready Cruise Berths for 2027 Shore-Power Mandate
Port of Seattle issued a draft finding of non-significance for Terminal 91 West Berth maintenance dredging, clearing cruise berths for its 2027 shore-power...
Mayor Wilson Appoints Kelli Larsen as Director of Seattle Office of Housing
Mayor Katie B. Wilson has tapped a five-year veteran of the Seattle Office of Housing, Kelli Larsen, to run the agency and execute...
Portland Retail Vacancy Holds at 4.7% as Construction Deliveries Collapse 97%
Portland’s retail market posted a 92.12 percent surge in average sale price per square foot during the second quarter of 2026, but the...
Watumull Properties Acquires 262,000 SQFT Hood Packaging Plant in Vancouver, Wash., for $17.8MM
Honolulu-based Watumull Properties Corp. bought the largest industrial building to change hands in the Portland-Vancouver market last quarter at the lowest per-foot price...
Hillsboro Becomes First Oregon City to Enact Data Center Land Use Moratorium
Hillsboro has become the first city in Oregon to halt new data center and battery energy storage system development through a land use...
Escapology Signs 4,100 SQFT Lease at Bellevue’s Lincoln Square for Third Puget Sound Location
Escapology, the largest U.S. escape room operator, will open its third Puget Sound location at Bellevue’s Lincoln Square in late 2026, taking a...
Demolition Begins on 438-Unit Affordable Housing Project Near Mount Baker Station
Demolition crews have started clearing the north parcel of Seattle’s long-planned Mount Baker Redevelopment Sites, marking the first visible construction activity on a...
Timberlane Partners’ $84MM Redevelopment Plan Would Replace Ballard Goodwill With 300 Apartments in Seattle
A pre-application land use filing with the Seattle Department of Construction and Inspections signals that the longtime Ballard Goodwill store could soon give...
OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026
A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...
Portland Retail Vacancy Holds at 4.7% as Construction Deliveries Collapse 97%
Portland’s retail market posted a 92.12 percent surge in average sale price per square foot during the second quarter of 2026, but the...
Hillsboro Becomes First Oregon City to Enact Data Center Land Use Moratorium
Hillsboro has become the first city in Oregon to halt new data center and battery energy storage system development through a land use...
Portland Apartment Vacancy Tightens to 7.1% as Values Slide 13% and Cap Rates Widen to 6.4%
Portland’s apartment market has split in two: leasing fundamentals are quietly repairing themselves as demand outruns a collapsing supply pipeline, while the capital...
Clark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Portland’s 3MM SQFT Industrial Pipeline Lands Into Record 11.1% Availability
Portland’s industrial construction pipeline has thinned to roughly 100,000 square feet of new deliveries in a single quarter even as five projects totaling...
DCI International Buys 204,000 SQFT Wilsonville Industrial Building from Bill Naito Company for $31MM
A legacy Portland ownership group has cashed out of a large Wilsonville industrial building at $151.84 per square foot, handing the keys to...
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 ReadingMayor Wilson Appoints Kelli Larsen as Director of Seattle Office of Housing
Mayor Katie B. Wilson has tapped a five-year veteran of the Seattle Office of Housing, Kelli Larsen, to run the agency and execute...
Puget Sound’s Industrial Construction Pipeline Craters 93% Even as Spec Deliveries Flood a 12.6% Vacancy Market
A cluster of large speculative projects delivered or broke ground across the Puget Sound in the second quarter even as developers slammed the...
Bellevue Moves to Rezone Bellevue College Campus With New Institutional District to Unlock Expansion
The City of Bellevue has launched a land use code amendment and legislative rezone that would create a first-of-its-kind Institutional land use district...
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...
King County Pays $14MM for 25-Acre Former Cedar River Asphalt Plant Site Near Renton
King County paid $14 million to buy out Lakeside Industries’ 25-acre Cedar River property near Renton — once slated for an asphalt plant...
Eastman Companies Buys 192-Unit Grove at Cheney in Spokane County from Harrison Street for $18MM
The Cheney sale is one piece of a larger, three-property transaction: JLL Capital Markets announced July 27 that it had arranged $39.44 million...
Portland Apartment Vacancy Tightens to 7.1% as Values Slide 13% and Cap Rates Widen to 6.4%
Portland’s apartment market has split in two: leasing fundamentals are quietly repairing themselves as demand outruns a collapsing supply pipeline, while the capital...
Clark County Absorbs 346,000 SQFT While Portland Sheds 868,000 SQFT, Splitting the Industrial Market in Two
Clark County absorbed 345,587 square feet in 2Q 2026 while metro Portland gave back 867,770, splitting the region's industrial market in two.
Portland’s 3MM SQFT Industrial Pipeline Lands Into Record 11.1% Availability
Portland’s industrial construction pipeline has thinned to roughly 100,000 square feet of new deliveries in a single quarter even as five projects totaling...
DCI International Buys 204,000 SQFT Wilsonville Industrial Building from Bill Naito Company for $31MM
A legacy Portland ownership group has cashed out of a large Wilsonville industrial building at $151.84 per square foot, handing the keys to...
Flexential Buys 496,000 SQFT Hillsboro Data Center Campus from T5 Data Centers for $223MM
Flexential’s $223 million purchase of two Hillsboro data centers it had previously leased from T5 Data Centers accounted for the overwhelming majority of...
Lipoma Firs Townhomes Hits Market in Puyallup With Assumable 2.87% Loan on 56 Units
Berkadia has brought Lipoma Firs Townhomes, a 56-unit townhome community in Puyallup’s South Hill area, to market carrying an assumable loan priced well...
