Seattle Opens Bidding for 200 Curbside EV Chargers as Levy Money Targets Apartment Renters
Seattle City Light and the Seattle Department of Transportation have begun taking a year's worth of public requests for up to 200 new...
Nuveen Buys 91,000 SQFT Safeway-Anchored Redondo Square in Des Moines for $32.1MM
The $32.1 million Redondo Square deal comes as CBRE reports institutional buyers targeting grocery-anchored centers in the Puget Sound region, where Kidder Mathews...
Cobalt Completes 174-Unit The Heights at Happy Valley, Adding Live-Work Units on Rock Creek Corridor
Cobalt's July delivery on the Rock Creek corridor pairs one- to three-bedroom homes with live-work units and a resort-style amenity package, with asking...
Kōz Development’s 169-Unit Kōz on Wetmore in Downtown Everett Nears 2027 Opening
Kōz Development's 169-unit Kōz on Wetmore in downtown Everett is well underway and targets a 2027 opening, with half its units at affordable...
Veritas Equity Partners Buys 70-Unit Viking Apartments in Lynnwood for $10MM
The 1962-built, seven-building complex near Edmonds College traded about 26 percent below its original $13.5 million asking price, though the longtime owner still...
Alliance Door Products Renews 119,000 SQFT in Sumner as District Leads Puget Sound Industrial Absorption
Building products distributor Alliance Door Products, part of the Lynden Door Family of Companies, renewed its 119,000-square-foot lease on Sumner's 142nd Avenue East...
Seattle Lab Pipeline Goes Dark With Zero Construction, Leaving 1.8MM SQFT to Absorb
Seattle has no life science space under construction, and San Diego has joined it at zero while the Bay Area’s pipeline shrank to...
Level Development NW Completes 117-Unit Cedarline Apartments Near Light Rail in Downtown Gresham
The four-over-one building at 1002 NE Roberts Ave. pairs market-rate apartments with 3,500 square feet of retail one block from light rail, using...
Ravenna Partners Breaks Ground on 104-Unit Lachlan Apartments in Seattle’s Fremont Neighborhood
Seattle developer Ravenna Partners has started construction on Lachlan, an eight-story, 104-unit apartment building on a long-stalled lot beside Fremont Brewing, reviving a...
Sage Investment Group Wins Amenity Variance for 103-Unit Issaquah Motel 6 Micro-Apartment Conversion
Issaquah's hearing examiner has cleared Sage Investment Group to turn the shuttered 103-room Motel 6 at 1885 15th Place NW into micro-unit apartments...
98-Unit Park Avenue Apartments, a 12-Story Affordable Mass-Plywood Tower, Opens in Portland’s Southwest Hills
The no-parking studio tower at 2059 SW Park Ave., built with mass plywood panel floors and light-gauge steel, rents to households earning up...
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
Cobalt Completes 174-Unit The Heights at Happy Valley, Adding Live-Work Units on Rock Creek Corridor
Cobalt's July delivery on the Rock Creek corridor pairs one- to three-bedroom homes with live-work units and a resort-style amenity package, with asking...
Level Development NW Completes 117-Unit Cedarline Apartments Near Light Rail in Downtown Gresham
The four-over-one building at 1002 NE Roberts Ave. pairs market-rate apartments with 3,500 square feet of retail one block from light rail, using...
98-Unit Park Avenue Apartments, a 12-Story Affordable Mass-Plywood Tower, Opens in Portland’s Southwest Hills
The no-parking studio tower at 2059 SW Park Ave., built with mass plywood panel floors and light-gauge steel, rents to households earning up...
Clackamas’ 234-Unit Townhomes with a View Lands in Special Servicing as Expenses Squeeze $24MM CMBS Loan
A $24.1 million CMBS loan on NBP Capital's 234-unit Townhomes with a View in Clackamas, Ore., has moved to special servicer Rialto Capital...
Two Undisclosed Tenants Lease 88,000 SQFT at The VIC, Quarter’s Largest Office Deals in Portland Market
Two undisclosed tenants commit to 55,295 and 32,652 square feet at the former Hewlett-Packard campus in August, the quarter's two largest office leases...
Gresham Cinema & Wunderland Leases 17,000 SQFT at Gresham Square, Portland’s Largest Retail Lease of 3Q 2026
Wunderland's 16,707-square-foot deal at Gresham Square topped the Portland market's third-quarter retail leasing, keeping an entertainment anchor in place at an east Multnomah...
Seattle Lab Pipeline Goes Dark With Zero Construction, Leaving 1.8MM SQFT to Absorb
Seattle has no life science space under construction, and San Diego has joined it at zero while the Bay Area’s pipeline shrank to...
AI Demand Steadies Puget Sound Office Market as Vacancy Settles at 23.3%
Kidder Mathews' third-quarter 2026 report shows the Puget Sound office market logging 113,000 square feet of positive net absorption on the strength of...
Eastside Sublease Space Jumps 14% to Nearly 1.3MM SQFT on Meta and Bungie Givebacks as Downtown Seattle’s Shrinks 20%
Sublease availability is moving in opposite directions across Lake Washington, rising 13.6 percent on the Eastside as Meta and Bungie put large blocks...
Dinked: Have We Hit Peak Pickleball?
The Picklr’s Chapter 11 filing, driven by lease guarantees on roughly 40 franchise locations, may be the first sign that indoor pickleball’s real...
The First Footprints in the Snow
AI's hit to jobs looks like a rounding error—until you see who's in the oven: gutted call centers and vanishing entry-level work. Narrow...
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...
Keelbase Capital Takes Over 80-Unit The Baxter in Downtown Bellevue via Deed in Lieu, Backed by Up to $17MM Loan
An Angelo Gordon-affiliated owner handed The Baxter to Keelbase Capital through a deed in lieu of foreclosure four years after the building was...
Blackstone’s 432-Unit Ascent and Marlowe in Seattle’s South Lake Union Caught Up as $518MM Portfolio Loan Hits Special Servicing
Ascent South Lake Union and Marlowe, the 432-unit pair Blackstone bought for about $302.8 million in 2021, are now two of the last...
Navy Opens Bidding on Multibillion-Dollar Contract for New Dry Dock at Puget Sound Naval Shipyard
The Navy has opened bidding on a multibillion-dollar contract to build a Multi-Mission Dry Dock at Puget Sound Naval Shipyard in Bremerton.
Desimone Enterprises Buys 213-Site Vista Del Rio Manufactured Home Community in Vancouver for $30MM
Desimone Enterprises has bought Vista Del Rio, a 213-site, 55-and-older manufactured home community in East Vancouver, ending nearly five decades of Nielsen family...
Clackamas’ 234-Unit Townhomes with a View Lands in Special Servicing as Expenses Squeeze $24MM CMBS Loan
A $24.1 million CMBS loan on NBP Capital's 234-unit Townhomes with a View in Clackamas, Ore., has moved to special servicer Rialto Capital...
PGIM Stacks $22.7MM Mezzanine Loan on SRM Development’s Brizo Apartments in Downtown Bellevue
PGIM's real estate structured debt strategy has supplied a $22.7 million mezzanine construction loan for a 220-unit SRM Development apartment project in downtown...
Rainier Industries Renews 131,000 SQFT at Its Tukwila Headquarters on Olympic Avenue South
Rainier Industries, the 130-year-old Seattle-born maker of tents, displays, awnings and custom signage, has committed to another term at its 131,000-square-foot manufacturing headquarters...
Two Undisclosed Tenants Lease 88,000 SQFT at The VIC, Quarter’s Largest Office Deals in Portland Market
Two undisclosed tenants commit to 55,295 and 32,652 square feet at the former Hewlett-Packard campus in August, the quarter's two largest office leases...