Lincoln Property, DRA Advisors Buy 299,000 SQFT Portland Industrial Portfolio for $45.25MM
The five-building portfolio, marketed by JLL as fully leased Class B distribution space with a 3.8-year weighted average lease term, changed hands as...
Kimco Realty Buys 87,000 SQFT Canyon Ridge Plaza in Kent for $19MM
The $19 million sale of Canyon Ridge Plaza closed about $2 million below Northmarq’s $21.15 million asking price, as Kidder Mathews reports Puget...
Renee Erickson’s Sea Creatures Signs Lease at Skanska’s 541,000 SQFT The Eight, Completing Tower’s Retail Lineup
The lease completes about 11,000 square feet of ground-floor retail around the tower’s plaza and mass-timber pavilion as Eastside retail remains the tightest...
Keel Infrastructure Builds 18 MW AI Data Center in Moses Lake With $129MM Vertiv Commitment as Grant PUD Power Tightens
Keel Infrastructure, the former bitcoin miner once known as Bitfarms, is pouring foundations and setting steel on an 18-megawatt AI data center in...
Healthcare Occupier’s 261,000 SQFT Move-In at Longacres Gives Renton Puget Sound’s Largest Q3 Office Absorption Gain
A confidential healthcare occupier filled 261,000 square feet across two buildings at Renton's Longacres office campus in the third quarter, handing Renton 309,000...
DuPont Becomes Puget Sound’s Only 100% Vacant Office District as 349,000 SQFT Former State Farm Campus Sits Empty
CBRE's third-quarter survey shows DuPont is the only district in Puget Sound with every square foot of its office stock empty, a figure...
Puget Sound Retail Absorbs 231,000 SQFT in Q3 as Vacancy Holds at 3.9%
Puget Sound retailers absorbed a net 231,000 square feet of space in the third quarter, stretching a 2026 recovery that has wiped out...
Class A Office Captures Over 80% of Puget Sound Leasing, Its Highest Share Since 2021, as Rents Stay Flat
Tenants signing office leases across Puget Sound in the third quarter chose top-tier buildings more decisively than at any point in at least...
Puget Sound Cap Rates Hold Near 5.5% as 10-Year Treasury Tests 5%
With the 10-year Treasury yield sitting around 5 percent and the Federal Reserve back in tightening mode, Puget Sound apartment and industrial cap...
Redmond and Kirkland Post Single-Digit Office Vacancy While Bellevue CBD Sits at 26%
While downtown Bellevue's trophy towers carry the region's highest rents and a 26 percent vacancy rate, Redmond and Kirkland have quietly become the...
Portland Apartment Pipeline Falls 36.7% to 3,581 Units as Renters Absorb Nearly Twice What Developers Deliver
Portland renters filled nearly two apartments for every one the region delivered through the first nine months of 2026, and with the construction...
Eastside’s 14.7MM SQFT Office Pipeline Still Has Zero Pre-Leasing as Supply Freeze Props Up Bellevue Recovery
Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and...
Lincoln Property, DRA Advisors Buy 299,000 SQFT Portland Industrial Portfolio for $45.25MM
The five-building portfolio, marketed by JLL as fully leased Class B distribution space with a 3.8-year weighted average lease term, changed hands as...
Portland Apartment Pipeline Falls 36.7% to 3,581 Units as Renters Absorb Nearly Twice What Developers Deliver
Portland renters filled nearly two apartments for every one the region delivered through the first nine months of 2026, and with the construction...
APANO, Gorman & Co. Celebrate $23.4MM, 40-Unit Jade Apartments in Southeast Portland’s Jade District
APANO and Gorman & Company will mark the opening of The Jade on Oct. 29, a $23.4 million, 40-apartment affordable community in Southeast...
Javelin Logistics Leases 98,000 SQFT at Phelan’s 138 Logistics Center in Portland’s East Columbia Corridor
Javelin Logistics' 98,280-square-foot commitment at a 2023-built Phelan Development and Clarion Partners warehouse was the largest industrial lease Kidder Mathews tracked in Portland...
Public Storage Acquires 43,000 SQFT Camas Self-Storage Facility From National Storage Affiliates for $9.4MM
A Camas self-storage facility that changed hands between two of the country's largest storage owners landed in Kidder Mathews' retail sale rankings this...
Family Trusts Acquire 12,000 SQFT Pioneer KinderCare in Ridgefield From TerraForm Companies for $8.8MM
At $735 per square foot, a newly opened KinderCare in Ridgefield traded for roughly three times the Portland metro's average retail price, as...
Keel Infrastructure Builds 18 MW AI Data Center in Moses Lake With $129MM Vertiv Commitment as Grant PUD Power Tightens
Keel Infrastructure, the former bitcoin miner once known as Bitfarms, is pouring foundations and setting steel on an 18-megawatt AI data center in...
Seattle Cuts REET Forecast by $19.5MM in Sixth Straight Downgrade as Rising Rates Squeeze Property Sales
Seattle's revenue forecasters pared back the city's three-year real estate excise tax outlook for the sixth consecutive time, warning that stubborn inflation, a...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
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,...
Irvine Buyer Acquires 111-Unit Northline Apartments in North Seattle From RISE Properties Affiliate for $17.8MM
A RISE Properties Trust affiliate has sold the 1978-built Northline Apartments on Linden Avenue North to an Irvine, Calif.-based LLC, one of the...
Fana Group Seeks Landmark Approval for 23-Story, 185-Unit Mass Timber Tower Atop Seattle’s Historic Doyle Building
With its ground floor nearly empty and upper floors less than half occupied, the landmark Doyle Building near Pike Place Market could become...
Tacoma Cancer Center Grows to 125,000 SQFT in New Permit Filing for West End Church Site
Tacoma's South Sound CARE Foundation has filed land use plans for a three-story, 125,000-square-foot cancer center with 440 parking stalls at 602 N....
New York Buyer Pays $30.5MM for Lake Stevens Marketplace Retail Property From Solana Beach Seller
With Puget Sound retail vacancy near 3.9 percent and few vacancies at the 1993-built center, a New York investor has paid $30.5 million...
DevCo Residential Group Opens 245-Unit Kendrick Landing Affordable Community By Lakewood Sound Transit Station
Bellevue-based DevCo Residential Group has completed its first Lakewood development, a fully affordable, transit-adjacent apartment community that adds 245 rent-restricted homes south of...
Bremerton Landing Offers Buyers Two Paths: 82 Shovel-Ready Units or Full 373-Unit, $9MM Kitsap Build-Out
With Kitsap County vacancy tightening and no new apartments under construction in Bremerton, the seven-acre Bremerton Landing assemblage on Prospector Street is being...
APANO, Gorman & Co. Celebrate $23.4MM, 40-Unit Jade Apartments in Southeast Portland’s Jade District
APANO and Gorman & Company will mark the opening of The Jade on Oct. 29, a $23.4 million, 40-apartment affordable community in Southeast...
Thriftbooks Signs 15,000 SQFT Lease at Tukwila’s 6400 Corporate Center, the Seattle Suburbs’ Lone Q3 Office Deal Above 10,000 SQFT
Online used-book seller Thriftbooks signed a 15,114-square-foot new office lease at 6400 Corporate Center in its hometown of Tukwila, the only new suburban...
