Steel Peak Pays $9MM for 23,500 SQFT Kent IOS Property in Fourth Seattle-Area Deal This Year
A two-year-old investment platform is quietly building density in one of the tightest corners of the Puget Sound industrial market, betting that scarce,...
Cle Elum Halts New Data Centers, but Blue Fern’s $200MM Bullfrog Flats Project May Proceed Under 2002 Pact
Cle Elum's City Council unanimously enacted an emergency six-month moratorium on data centers, yet the $200 million Blue Fern Development project that triggered...
Rise Development Files Plans for 54-Unit Parkside Place Townhome Subdivision in Lacey
A developer known as Rise Development LLC has applied to rezone a 5.83-acre former school-and-church site in Lacey and subdivide it into 54...
Nisqually Tribe Launches 75,000 SQFT Red Wind Casino Expansion Near Olympia
The Nisqually Indian Tribe is set to break ground this month on a roughly 75,000-square-foot expansion of its Red Wind Casino off Yelm...
Ashley Furniture Pays $33.9MM for 202,000 SQFT Tacoma Warehouse
Ashley Furniture’s $33.9 million purchase of a two-year-old Kurv Industrial building pulls a rare block of Class A space off Pierce County’s market...
Port of Seattle Completes 15,000 SQFT Maritime Innovation Center at Fishermen’s Terminal, Chasing Living Building Status
After a decade of planning and roughly four years of hands-on work, the Port of Seattle has finished construction on the Maritime Innovation...
U.S. Workforce Shrinks by More Than 1 Million as Labor-Force Participation Hits Post-Pandemic Low
The share of Americans working or looking for work fell to its lowest level since the pandemic in July, as retirements, tighter immigration...
TikTok’s Five-Day Office Mandate Offers a Rare Bright Spot for Seattle Landlords
TikTok's plan to require most U.S. employees back in the office five days a week starting in September will refill its Seattle-area desks,...
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.
Urban League of Portland, Northwest Housing Alternatives Open 62-Unit M Carter Commons for Seniors in North Portland
The Urban League of Portland and Northwest Housing Alternatives cut the ribbon Tuesday on M Carter Commons, a 62-apartment affordable community for seniors...
BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt
Boston-based BXP and lender MetLife pushed out the maturity on Safeco Plaza's mortgage by more than two years and locked in a fixed...
Bellevue Anchors Puget Sound Office Rebound as Regional Vacancy Climbs to 23.4% in Q2 2026
A widening split defined the Puget Sound office market in the second quarter of 2026, with Bellevue’s AI-fueled leasing surge and a thinning...
Urban League of Portland, Northwest Housing Alternatives Open 62-Unit M Carter Commons for Seniors in North Portland
The Urban League of Portland and Northwest Housing Alternatives cut the ribbon Tuesday on M Carter Commons, a 62-apartment affordable community for seniors...
Portland Posts Nation’s Second-Largest Job Loss as Seattle Stalls and Pacific Northwest Unemployment Climbs
Portland shed 25,700 jobs over the year ending June 2026 — the second-steepest decline of any U.S. metropolitan area — while Seattle managed...
291,600 SQFT Bridgestone-Leased Cross-Dock Facility Hits Market Near PDX Airport
A 291,600-square-foot cross-dock facility fully leased to Bridgestone has hit the market near Portland International Airport.
TMT Development to Wind Down as Moyer Trust Shifts Portland Towers to Meritus
The trustee overseeing Tom Moyer's real estate empire is stripping property management of Fox Tower, Park Avenue West and other downtown Portland landmarks...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
Macerich Readies $372MM for Mall Acquisitions as Oregon Anchors Its Pacific Northwest Position
Macerich has $372 million in unsettled forward equity earmarked for enclosed mall acquisitions at stabilized yields of 9 to 11 percent, a war...
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 ReadingPort of Seattle Completes 15,000 SQFT Maritime Innovation Center at Fishermen’s Terminal, Chasing Living Building Status
After a decade of planning and roughly four years of hands-on work, the Port of Seattle has finished construction on the Maritime Innovation...
Barry Gosin to Step Down as Newmark CEO After Nearly Five Decades; Board Targets Successor by Year End
Barry Gosin, who built Newmark from a regional brokerage into one of the fastest-growing publicly traded commercial real estate firms in the world,...
Microsoft Stretches Data Center, Office Building Depreciation to 25 Years, Reshaping $175B CapEx Plan
The software giant told analysts on its fiscal fourth-quarter earnings call that lengthening the accounting life of its global data centers and offices...
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)...
PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds
A Bellevue-Redmond grid capacity study conducted with Puget Sound Energy concludes the utility must construct a new Central Bellevue substation called Vernell and...
Portland Posts Nation’s Second-Largest Job Loss as Seattle Stalls and Pacific Northwest Unemployment Climbs
Portland shed 25,700 jobs over the year ending June 2026 — the second-steepest decline of any U.S. metropolitan area — while Seattle managed...
Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building
The trade of a fully occupied, single-tenant elementary school building for nearly $1,000 per square foot of net space underscores investors' continued willingness...
Costco Files Plans for 166,000 SQFT Warehouse and 20-Pump Gas Station in Tumwater
Costco Wholesale has filed a formal application with the city of Tumwater to build a 166,157-square-foot membership warehouse alongside a 20-dispenser fuel station...
Strathcona Capital, Belay Investment Group Close $32.7MM Construction Loan for 105-Unit Seattle Multifamily Project
Strathcona Capital and Belay Investment Group closed a $32.7 million construction loan for a 105-unit Seattle multifamily project.
24-Building Old Rainier Brewery Creative Campus Hits Market in Seattle’s Georgetown for $29MM, 91% Leased
The 181,453-square-foot Old Rainier Brewery creative campus in Seattle's Georgetown is now on the market, 91 percent leased.
Larson Automotive Affiliates Sell Puyallup Property Portfolio for $11.4MM
Entities affiliated with Larson Automotive Group sold a 10-parcel Puyallup property portfolio for $11.4 million.
Graham Baba & First United Methodist Church Complete Purpose-Built Vashon Food Bank in Downtown Vashon
The Vashon Maury Community Food Bank has opened a new, purpose-built home in downtown Vashon, designed by Graham Baba Architects to combine grocery-style...
