RISE Properties Trust Affiliate Sells 198-Unit Bower Village Apartments in Kent for $45MM
Kent Valley’s apartment market draws fresh capital even as Kidder Mathews reports softening fundamentals region-wide. A Nevada investment firm has picked up a...
Skanska Pushes 12-Story, 205,000 SQFT Mass-Timber Bevel Tower Toward Bellevue Entitlement Finish Line
Skanska has cleared another design and entitlement milestone on Bevel, its planned mass-timber office tower in downtown Bellevue, and is targeting Administrative Design...
Merrill Lynch Renews 35,000 SQFT at Portland’s PacWest Center
A marquee wealth-management tenant recommits to a landmark downtown tower as financial-services firms anchor the CBD’s slow recovery. Merrill Lynch has renewed its...
Regence Expands 46,000 SQFT at Newly Sold 200 Market as Portland CBD Leasing Rebounds
A downtown health insurer is betting bigger on Portland’s core just as the 200 Market tower settles under new ownership. Regence BlueCross BlueShield...
Portland Industrial Vacancy and Availability Hit Record Highs as Leasing Slumps to 2008 Lows
A flood of sublease space and cautious occupiers pushed Portland’s industrial availability to a record 11.1 percent in the second quarter of 2026,...
Mercy Housing Northwest Advances 74-Unit, $36MM Affordable Senior Community in Bellingham’s Old Town
Mercy Housing Northwest has firmed up plans for a 74-unit affordable housing building for low-income seniors on a half-acre lot in Bellingham’s Old...
Everett Clinches First Four Parcels for $10.65MM to Advance $120MM Downtown Outdoor Event Center
The Everett City Council unanimously cleared the purchase of four downtown parcels for $10.65 million, its first land acquisitions for the planned $120...
JE Dunn Breaks Ground on 88,000 SQFT Cutter Garage for Portland’s CityFleet on Swan Island
Portland has finally broken ground on a replacement for one of the city’s most notoriously decrepit workplaces, moving its fleet mechanics out of...
Seattle Chamber Music Society to Build 271-Seat Concert Hall Inside U.S. Bank Center
A 44-story downtown Seattle office tower that has spent the past several years fighting record-high vacancy is about to gain an unlikely new...
Coffee TAB Opens Third Café at Vulcan-Owned 23rd & Jackson in Seattle’s Central Area
A storefront that sat empty for years after Starbucks pulled out is about to reopen as a working classroom, as nonprofit coffee shop...
Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure
A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound’s clearest tests of how far trophy values...
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...
Merrill Lynch Renews 35,000 SQFT at Portland’s PacWest Center
A marquee wealth-management tenant recommits to a landmark downtown tower as financial-services firms anchor the CBD’s slow recovery. Merrill Lynch has renewed its...
Regence Expands 46,000 SQFT at Newly Sold 200 Market as Portland CBD Leasing Rebounds
A downtown health insurer is betting bigger on Portland’s core just as the 200 Market tower settles under new ownership. Regence BlueCross BlueShield...
Portland Industrial Vacancy and Availability Hit Record Highs as Leasing Slumps to 2008 Lows
A flood of sublease space and cautious occupiers pushed Portland’s industrial availability to a record 11.1 percent in the second quarter of 2026,...
JE Dunn Breaks Ground on 88,000 SQFT Cutter Garage for Portland’s CityFleet on Swan Island
Portland has finally broken ground on a replacement for one of the city’s most notoriously decrepit workplaces, moving its fleet mechanics out of...
Portland Office Market Swings Back to Positive Demand in Q2
Portland’s office market posted its first quarter of positive net absorption in more than a year as leasing activity climbed to a 12-month...
Comcast Renews 87,000 SQFT in Tigard, Portland’s Biggest Office Lease of Q2 2026
The telecom giant’s decision to recommit to its longtime Nimbus-area footprint stands as the single largest office transaction in the metro during 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...
Continue ReadingPortland Industrial Vacancy and Availability Hit Record Highs as Leasing Slumps to 2008 Lows
A flood of sublease space and cautious occupiers pushed Portland’s industrial availability to a record 11.1 percent in the second quarter of 2026,...
World Cup Drives More Than 3MM Visitors to Downtown Seattle Across Six Match Days, Lifting Transit and Hotel Demand
Downtown Seattle absorbed a surge of more than 3 million visitors during the six 2026 FIFA World Cup matches it hosted, a 17...
Seattle Study Weighs Removing SR 99 Through South Park, Freeing 100 Acres for Housing and Parks
A city-commissioned study lays out four futures for a roughly three-mile stretch of State Route 99 in Seattle’s South Park neighborhood, with the...
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...
Eastside Office Demand Holds Near 3.7MM SQFT as Databricks and OpenAI Anchor Bellevue’s Flight to Quality
A wave of large lease executions led by Databricks converted years of pent-up requirements into signed deals, yet nearly 3.72 million square feet...
Portland Office Market Swings Back to Positive Demand in Q2
Portland’s office market posted its first quarter of positive net absorption in more than a year as leasing activity climbed to a 12-month...
Sterling Realty Lands $27MM Brookfield Refinancing on 105,000 SQFT Mercer Island Office Building
Sterling Realty Organization has refinanced its Class A office building on Mercer Island with a new Brookfield loan, resetting the debt on an...
Comcast Renews 87,000 SQFT in Tigard, Portland’s Biggest Office Lease of Q2 2026
The telecom giant’s decision to recommit to its longtime Nimbus-area footprint stands as the single largest office transaction in the metro during the...
Sentinel Real Estate Buys 158-Unit Willow Apartments in Lake Oswego for $66MM
A newly built luxury apartment complex in Lake Oswego has changed hands for $66 million, the latest sign that out-of-state capital is warming...
Seattle Office of Housing Opens $110MM NOFA for Affordable Rental Housing Development
A $110 million NOFA opens Seattle’s second annual levy-funded round under Mayor Wilson, smaller than last year’s record but paired with a second...
JPMorgan Chase Expands to 128,000 SQFT at JPMorganChase Center to Anchor New AI Team in Downtown Seattle
The nation’s largest bank is enlarging its lease inside the 42-story tower it stamped with its own name in January, clearing five floors...
ICE Expands GEO Group’s Tacoma Facility, Seeks 1,500 More Beds Near Seattle
Federal immigration authorities are moving to sharply enlarge their detention footprint across Washington while insisting they have no plans for Oregon, even as...
