Public Storage Buys 10-Property, $96.9MM Money Saver Mini Storage Portfolio in Puget Sound
Self-storage REIT Public Storage has agreed to pay $96.9 million for a 10-property portfolio owned by independent operator Money Saver Mini Storage, adding...
Seattle Building Emissions Fall 14% as City’s New Performance Standard Nears First Deadline
Seattle's Office of Sustainability & Environment reported that emissions from the city's buildings sector fell sharply in 2024 even as population and economic...
Construction Materials Prices Flat in July, But Lumber and Steel Signal More Increases Ahead
Construction input prices barely moved in July as a temporary drop in fuel costs offset continued gains in lumber and steel, leaving materials...
Pickle at the Palms Opens 20-Court Facility on Former Interbay Car Wash Site
BarrientosRyan and Seattle Storm co-owner Ginny Gilder have converted a long-stalled Interbay development site, once eyed for apartments and later used as a...
Absher Construction Joins Army’s PaYS Program to Recruit Veteran Workforce
Absher Construction, already the general contractor on a $100 million barracks project at Joint Base Lewis-McChord, will formalize a separate hiring partnership with...
Kassel Tapped to Renovate 1925 Bakun Building, Seattle’s Last Waterfront Holdout
The City of Seattle has selected a Redmond-based public works contractor to finally bring its century-old Bakun Building back to life, closing out...
Goodman’s Approved 134-Unit Redmond Apartment Site Signals a Possible Childcare Pivot
A fully entitled apartment project a short walk from Redmond’s light rail station has sat unbuilt for years, and new signals suggest Goodman...
Public Storage’s Buying Spree Continues with $14.2MM Deal for 94,000 SQFT Woodinville Site
The Woodinville purchase — a condo interest rather than a standalone building — marks the latest Money Saver facility Public Storage has absorbed...
Public Storage Pays $14.5MM for 91,000 SQFT Totem Lake Self-Storage in Kirkland in Another Money Saver Acquisition
King County records show Public Storage paid $14.5 million for a 90,975-square-foot Kirkland facility that once served as a Storage Partners hub, extending...
Lunara Opens Leasing With 146 Units Steps From Mercer Island’s New Light Rail Station
A 146-unit apartment building has opened for leasing in the heart of Mercer Island’s Town Center, arriving just months after Sound Transit’s long-delayed...
Lynnwood Set to Start $7MM Pedestrian, Bicycle Underpass Connecting Light Rail Station to South-End Neighborhoods
The city of Lynnwood is preparing to begin construction on a long-planned pedestrian and bicycle underpass at 44th Avenue West that will stitch...
Essex Property Trust Settles RealPage Rent-Algorithm Antitrust Case for $36.5MM
Essex Property Trust used its second-quarter earnings report to disclose it had fully resolved the closely watched antitrust claims tied to RealPage’s rent-setting...
USTA Pacific Northwest Lands Long-Term Lease for Portland Tennis Center With $2.3MM Overhaul
Portland Parks & Recreation is handing day-to-day control of one of the city’s signature recreational assets to a nonprofit tennis organization, a deal...
6.44-Acre Gateway Development Site in Portland Listed for $19.99MM
SVN Imbrie is marketing the 31-parcel, shovel-ready assemblage with completed street infrastructure and zoning for buildings up to 120 feet tall, pitching it...
Seattle Cements No. 2 Tech Talent Rank as AI Hiring Reshapes the Pacific Northwest
Seattle held firm as North America's second-strongest tech talent market on the strength of double-digit workforce growth and one of the continent's densest...
Genentech to Invest $750MM to Double Hillsboro Manufacturing Campus
Genentech will invest approximately $750 million to double its Hillsboro, Oregon manufacturing campus with a new device fill-finish facility, adding 250 jobs as...
Free Geek Moves Into 17,430 SQFT Portland Industrial Building Amid Tight Close-In Market
Free Geek is relocating from its 1731 SE 10th Avenue site to a 17,430-square-foot industrial building three blocks away at 1700 SE Grand...
Clackamas County Advances Data Center Moratorium, Pausing New Applications for Up to 120 Days
Clackamas County commissioners have set in motion a temporary ban on new data centers, overriding a staff recommendation to wait for the Legislature...
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 Building Emissions Fall 14% as City’s New Performance Standard Nears First Deadline
Seattle's Office of Sustainability & Environment reported that emissions from the city's buildings sector fell sharply in 2024 even as population and economic...
Bellevue Eyes Eastgate Office Corridor for Mixed-Use Overhaul Under New Area Plan
Bellevue's Planning Commission will weigh a plan to redevelop Eastgate's high-vacancy office corridor into a walkable, mixed-use district.
Seattle Leads Nation in Home-Sales Retreat as Tech-Job Fears Freeze Buyers
Seattle posted the steepest drop in pending home sales of any major U.S. metro in July, as anxiety over tech-sector layoffs and artificial...
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)...
Everett Council Weighs $3.5MM Funding Boost to Close Land Deals for $120MM Outdoor Event Center
A pending purchase and sale agreement is pushing Everett back to the well for stadium funding, with the city council set to vote...
Port of Ridgefield’s 40-Acre Waterfront Redevelopment With Palindrome Meets Community Resistance
The Port of Ridgefield and developer Palindrome Properties Group are advancing a roughly 40-acre mixed-use district on remediated industrial land along Lake River,...
Terreno Realty Acquires 21,000 SQFT Vacant Redmond Warehouse for $8MM, Expanding Adjacent Eastside Holdings
Terreno Realty Corporation has bought a second industrial building on the same block of Redmond’s 153rd Avenue NE in under a year and...
Portland Pilot Finds Multifamily Energy Reporting Takes Under 10 Hours
A year-long test run across five Portland apartment properties has undercut one of the loudest objections multifamily owners raised against the city’s push...
Panattoni’s 406,000 SQFT Des Moines Creek Spec Building Nears Sept. 1 Delivery
Panattoni Development Company is bringing a roughly 406,000-square-foot speculative warehouse to market next to Sea-Tac Airport just as the region’s broader industrial construction...
USTA Pacific Northwest Lands Long-Term Lease for Portland Tennis Center With $2.3MM Overhaul
Portland Parks & Recreation is handing day-to-day control of one of the city’s signature recreational assets to a nonprofit tennis organization, a deal...
Lynnwood Public Facilities District Issues RFQ for General Contractor on Event Center Redevelopment
Lynnwood Public Facilities District has opened bidding for a general contractor to build the public portion of its Event Center redevelopment, with qualifications...
Starcloud Raises $250MM, Moves Into 100,000 SQFT Woodinville Plant
A two-year-old satellite startup is about to more than double its valuation and its factory footprint in the same month, landing in an...
