Verdant Development Acquires 438-Unit Oregon Apartment Portfolio for $83MM from Bender Equities
Verdant Development Inc. has purchased two well-occupied Oregon apartment communities totaling 438 units — the 257-unit Oak Vale in Corvallis and the 181-unit...
Swickard to Acquire 90% Stake in Portland’s 30-Story Park Avenue West
Auto dealership magnate Jeff Swickard is set to take a 90 percent stake in Park Avenue West, averting a foreclosure auction and marking...
Hudson Pacific Extends $1.1B Hollywood Loan as Seattle Leasing Momentum Offsets Studio-Market Strain
Even as Hudson Pacific Properties rides a Seattle leasing surge that has downtown vacancy falling for the first time in six years, the...
Seattle Life Science Stays Tightest of West Coast Hubs as New Construction Halts
Seattle's life science market entered the second half of 2026 with the lowest vacancy of any major West Coast hub and no space...
FTA Clears Everett Link Draft EIS, Advancing 16-Mile Light Rail Line to Downtown Everett as Costs Climb
Sound Transit secured a pivotal federal clearance for its 16-mile Everett Link light rail extension when the Federal Transit Administration signed off on...
XTRA Lease Acquires 9.14-Acre Undeveloped Puyallup Site for $9.9MM
The purchase lands in a Pierce County industrial market carrying the Puget Sound region’s highest vacancy rate at 12.7 percent, even as the...
Sagard Real Estate Acquires 134,000 SQFT Industrial Building in Tukwila
Sagard Real Estate has added another Puget Sound warehouse to a Pacific Northwest industrial buying spree that has now touched four separate submarkets...
Coinbase Becomes First Tenant at Seattle’s Long-Empty Washington 1000 Tower
A 546,000-square-foot Seattle office tower that has sat entirely empty for two years finally has a tenant, a milestone that arrives just as...
XTRA Lease Acquires 9.14-Acre Undeveloped Puyallup Site for $9.9MM
The purchase lands in a Pierce County industrial market carrying the Puget Sound region’s highest vacancy rate at 12.7 percent, even as the...
Orix Lends $55MM to Refinance 200-Unit Swell Apartments in Seattle’s Yesler Terrace
A partnership of Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald has landed a $55 million loan from Japan's Orix to refinance...
Nuveen Sells 204-Unit Boulder Creek Apartments for $102MM in Sammamish
CBRE arranged the sale of Boulder Creek to Boston-based TARR Boulder Creek LLC at a per-unit price well above a comparable 2024 Sammamish...
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...
Verdant Development Acquires 438-Unit Oregon Apartment Portfolio for $83MM from Bender Equities
Verdant Development Inc. has purchased two well-occupied Oregon apartment communities totaling 438 units — the 257-unit Oak Vale in Corvallis and the 181-unit...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland’s biggest business names could give way to a public observation deck under new owner Jeff...
Vintage Aviation Museum Acquires Historic Tillamook WWII Blimp Hangar for $1 as Roof Repairs Begin
The Port of Tillamook Bay has handed one of the largest wooden structures in the world to a Utah nonprofit for a single...
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 ReadingSeattle Life Science Stays Tightest of West Coast Hubs as New Construction Halts
Seattle's life science market entered the second half of 2026 with the lowest vacancy of any major West Coast hub and no space...
Student Housing Is Now an Institutional Asset Class, and Seattle’s U District Is the Northwest’s Proving Ground
Blackstone, KKR and Greystar have made purpose-built student housing a core institutional holding, and the high-rise wave around the University of Washington, unleashed...
Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units
Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...
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...
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...
Taylor Morrison Sells 424-Unit West End District in Beaverton for $85.25MM
Grand Peaks and PCCP pay $201,000 per unit for the 424-unit Beaverton community, a premium to Portland’s metro average as Taylor Morrison exits....
Hudson Pacific Bets on Seattle Leasing to Fill 546,000 SQFT Tower as Dividend Stays Suspended
The West Coast office landlord has withheld its common dividend since September 2024, and its push to lease a half-million-square-foot Denny Triangle tower...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Helion Energy Leases 15,000 SQFT at Seattle’s 8th & Olive as Headcount Hits 800
A fusion energy startup that has grown tenfold in four years is planting its first flag in downtown Seattle, adding office space in...
Harborview Unveils 226,000 SQFT Medical Office Plan for Yesler Terrace
Design review documents for Harborview’s 9th and Alder site now call for a six-level underground garage topped by a seven-story medical office building,...
Dermody Completes 535,000 SQFT Industrial Project in Frederickson, Formerly Pallis’ Canyon Point Center
A 535,000-square-foot speculative industrial project in Frederickson appears to have wrapped construction, though Dermody Properties has yet to formally announce the delivery of...
Avenue5 Residential Leases 15,000 SQFT at 90%-Full Two Union Square in Seattle
As Class A asking rents in downtown Seattle slide toward $40 per square foot and direct vacancy holds above 32 percent, Avenue5 Residential...
Clise Properties Recruits CFO Benjamin Freeburg From Embattled Martin Selig Real Estate
Clise Properties, the 137-year-old Seattle landlord that helped shape the Denny Triangle, has hired Benjamin Freeburg as chief financial officer, drawing a senior...