Tourmaline Capital Acquires 384,000 SQFT South Sound Center in Lacey for $44.1MM
Tourmaline Capital paid $44.1 million for the Trader Joe’s-anchored Lacey shopping center, ending Capital Development Company’s roughly 60-year ownership and betting that Puget...
Public Storage Pays $10.5MM for 67,000 SQFT Money Saver Mini Storage Site in Arlington
Public Storage closed on a $10.5 million purchase of the independently owned Money Saver Mini Storage & Commercial Space in Arlington, folding the...
Rialto Denies Hudson Pacific’s Second Bid to Restructure $101MM Hill7 Loans in Seattle
Rialto Capital has rejected Hudson Pacific Properties' second attempt to restructure the $101 million in debt tied to its half-empty Hill7 tower in...
Pacific Northwest Holds Top-Tier Data Center Rank as AI Boom Races to Frontier Markets
The Pacific Northwest remains one of North America's ten largest data center markets with 4,170 megawatts of capacity, but JLL's Midyear 2026 report...
Mayor Wilson Signs Seattle SEPA Appeals Reform Into Law, Citing Housing Affordability
Seattle Mayor Katie Wilson formalized a rule change that redirects environmental appeals of major rezones away from the city’s Hearing Examiner and toward...
EDP Renewables Advances $1B Big River Wind-Solar-Storage Project in Oregon’s Gilliam County
EDP Renewables North America has proposed a roughly $1 billion, nearly 30,000-acre Big River wind, solar and battery storage project in Gilliam County...
Bridge Partners Affiliate Buys 195-Unit Cascadia at Fairwood Landing in Renton for $47.5MM
A Bridge Partners affiliate paid $47.5 million for the renovated Renton apartment complex, roughly $13.5 million less than Sack Properties paid for the...
EDP Renewables Advances $1B Big River Wind-Solar-Storage Project in Oregon’s Gilliam County
EDP Renewables North America has proposed a roughly $1 billion, nearly 30,000-acre Big River wind, solar and battery storage project in Gilliam County...
Mukilteo Launches Developer Search to Transform 1.19-Acre Waterfront Site Near State’s Busiest Ferry Route
The City of Mukilteo opened a search for a development partner to remake a 1.19-acre city-owned parcel between Lighthouse Park and one of...
Seattle Council Scraps Local Zoning-Appeal Process in 5-4 Vote, Easing the Path for Housing Development
A narrowly divided Seattle City Council has eliminated the city-level environmental appeal that opponents used to delay major rezones, redirecting future challenges to...
Seattle’s Retail Titans Expand as US Adds 26.1MM SQFT of Store Space in 2026
The Pacific Northwest's homegrown retailers sit on opposite ends of 2026's ledger, with Nordstrom and Costco expanding aggressively while Seattle-founded Eddie Bauer retrenches...
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...
EDP Renewables Advances $1B Big River Wind-Solar-Storage Project in Oregon’s Gilliam County
EDP Renewables North America has proposed a roughly $1 billion, nearly 30,000-acre Big River wind, solar and battery storage project in Gilliam County...
Gorman & Co. Advances 159-Unit, $80MM Veritas Place in Portland’s Lloyd District
Gorman & Co. and the Dominican Friars have filed plans for Veritas Place, a 159-unit, $80 million affordable housing community in Portland’s Lloyd...
WSDOT Seeks Design-Build Teams for $14.4B Columbia River I-5 Bridge Replacement
WSDOT has opened the search for a design-build contractor on the long-delayed I-5 crossing between Portland and Vancouver, moving the roughly $14.4 billion...
Portland Opens $216MM Seismic Washington Park Reservoir, Unveils Public Plaza After Decade-Long Rebuild
The Portland Water Bureau has opened its rebuilt Washington Park Reservoir to the public, capping a decade-long, $216 million effort to replace two...
James Beard Public Market Secures Construction Permit for 2027 Portland Opening
A construction permit from the City of Portland clears the James Beard Public Market to enter its next building phase, advancing a $35...
Ready Capital Lands $141MM C-PACE Loan From Peachtree Group to Recapitalize Ritz-Carlton Portland Tower
Ready Capital has closed a $141 million C-PACE loan from Peachtree Group to recapitalize Block 216, the 35-story downtown tower housing the Ritz-Carlton...
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 ReadingPacific Northwest Holds Top-Tier Data Center Rank as AI Boom Races to Frontier Markets
The Pacific Northwest remains one of North America's ten largest data center markets with 4,170 megawatts of capacity, but JLL's Midyear 2026 report...
Patience Over Growth: TruAmerica’s Bob Hart on the National Multifamily Reset
In a wide-ranging interview on CBRE's The Weekly Take podcast, TruAmerica Multifamily founder Bob Hart laid out how a four-decade veteran is navigating...
Sound Transit Lays Out 2042 Path to Ballard Light Rail, Contingent on Closing a $9 Billion Gap
Sound Transit has sketched a route to open light rail all the way to Seattle's Ballard neighborhood by 2042, but the timeline hinges...
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...
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)...
Perkins Eastman Designing 233-Unit Affordable Housing Project on Sound Transit Land at Federal Way Downtown Station
Perkins Eastman has been tapped to design a 233-unit, all-affordable housing development that Multi-Service Center and Shelter Resources will build on two surplus...
CenterPoint Markets Fully Available 324,000 SQFT Fife Industrial Building for Lease
One of the largest blocks of contiguous industrial space to hit the Fife market in years is now available, as CenterPoint Properties markets...
Bellingham to Open Third Tiny Home Village on Division Street in 2027 with 35 to 40 Units
Bellingham and HomesNOW! are opening a 35-to-40-unit village on Division Street for roughly half the cost of their last project, using city-owned land...
Madrona Condos Bring 111 For-Sale Homes to Bellingham’s Former Creamery Site
RJ Group has turned a shuttered 1949 creamery on State Street into 111 for-sale condos, betting that a rare property tax break and...
Sage Investment Group’s 108-Unit Bellevue Ridge Motel Conversion Now Leasing in Eastgate
Sage Investment Group has finished converting a former Quality Inn on Interstate 90’s edge into 108 studio apartments, extending a motel-to-housing strategy the...
Su Development’s Yesler Towers South Tower Opens, Bringing Project to 352 Units
The south tower at Su Development’s twin-building Yesler Towers has secured its temporary certificate of occupancy and started leasing, doubling the freeway-facing project’s...
Rise Properties Trust Affiliate Sells 126-Unit Station Nine Apartments in Lynnwood for $34MM
Station 9, LLC bought the 126-unit Lynnwood complex from a Rise Properties Trust affiliate for roughly $269,841 per unit, betting that unrenovated units...
WSDOT Seeks Design-Build Teams for $14.4B Columbia River I-5 Bridge Replacement
WSDOT has opened the search for a design-build contractor on the long-delayed I-5 crossing between Portland and Vancouver, moving the roughly $14.4 billion...