Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B
Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents,...
Seattle Social Housing Developer Pauses Lowest-Income Applications at 150-Unit Elara to Build Out Support Services
The voter-created agency behind Seattle's social housing experiment has temporarily stopped taking applications from its lowest-income prospective tenants at its first building, Elara...
Scannell Properties Pays $11.8MM for Shovel-Ready Emerald Logistics Site in Auburn
Indianapolis-based Scannell Properties has bought a fully entitled industrial site in Auburn that its previous owner spent years preparing for exactly this kind...
Seattle Revives MHA Fee Break of Up to 80% to Jump-Start 5,672 Stalled Housing Units
Two months after a nearly identical deal collapsed, Councilmember Dionne Foster has reintroduced a Mandatory Housing Affordability fee reduction — now branded the...
Seattle’s 1000 Denny Way Office Loan Heads to Special Servicing Ahead of 2027 Maturity
A $56 million loan secured by the 263,000-square-foot office building at 1000 Denny Way has landed in special servicing weeks before its February...
Tacoma’s Historic Union Station Courthouse Slated for $79MM Federal Renovation Beginning Late 2027
Federal officials are pressing ahead with a comprehensive overhaul of Tacoma's century-old Union Station courthouse, with construction on seismic and building-systems upgrades scheduled...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
Formation Report Hands Seattle a Real Estate Playbook: Public Land, Bonding and Hard-Tech Hubs
Formation's assessment of Seattle's economy lays out a development agenda built on public land and municipal bonding capacity, pointing to New York's BATWorks...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Integrus Lists Its 27,000 SQFT Pioneer Square Headquarters, the Union Trust Annex, for Sale or Lease in Seattle
The Seattle architecture firm has placed its longtime home — a roughly 125-year-old landmark it bought and seismically overhauled in 2007 — up...
Oregon and Washington Host 139 Data Centers and 6,444 MW, but Texas Is Winning the Next Wave
The Pacific Northwest built one of the nation's largest data-center footprints on cheap hydropower, but new figures show Oregon and Washington capturing only...
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Oregon and Washington Host 139 Data Centers and 6,444 MW, but Texas Is Winning the Next Wave
The Pacific Northwest built one of the nation's largest data-center footprints on cheap hydropower, but new figures show Oregon and Washington capturing only...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Avangrid Expands Montgomery Park Lease to 55,000 SQFT in Portland
An energy company that relocated its Portland operations into Montgomery Park four years ago is growing rather than shrinking its footprint there, a...
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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...
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Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B
Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents,...
Downtown Seattle Draws Nearly 3.8MM Visitors in August, Topping 2019 as Office Return Holds at 62%
Nearly 3.8 million unique visitors and 9.2 million total visits flowed into downtown Seattle in August, pushing tourism, hotel demand and residential occupancy...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
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...
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...
Rivian Leases 32,000 SQFT Former Evergreen Ford Site in Issaquah’s Hyla Crossing for Sixth Puget Sound Showroom
Rivian Automotive has signed a lease with Rowley Properties for a 32,034-square-foot showroom and service center at the soon-to-be-vacated Evergreen Ford dealership in...
Trojan Storage Buys 91,000 SQFT Mill Creek Self-Storage Facility in Bothell for $23MM
Trojan Storage Adds Mill Creek Facility to Its Growing Puget Sound Cluster Trojan Storage of Mill Creek, LLC has paid $23 million for...
Kaiser Permanente to More Than Double Capitol Hill Hospital Beds by 2027, Plans New Urgent Care in Everett
Kaiser Permanente is adding inpatient capacity at its flagship Seattle hospital and a new urgent care department in Everett, a pair of investments...
Olympia’s Capital Mall Among Five in $437MM Starwood Portfolio Back in Special Servicing
Capital Mall in Olympia is one of five regional malls backing a $436.9 million CMBS loan that tumbled back into special servicing on...
Formation Report Finds Seattle Shedding Restaurants Per Capita, Squeezing Ground-Floor Retail
Formation's assessment of Seattle's economy finds the city has lost restaurants per capita both before and after the pandemic, a sign that thin-margin...
As Robots Reshape the Built World, Puget Sound’s Warehouses Retool for Machines
A Goldman Sachs Global Institute essay warns that warehouses, kitchens and stores are being re-engineered for robots rather than people, and few regions...
Puget Sound Industrial Sales Climb 49% to $2.87B Even as Vacancy Holds at 11.8%
Broker Matt McLennan's latest TILT Report finds the Puget Sound industrial market regaining momentum, with investment volume surging and deals closing, even as...
Port of Seattle Lands 11 Concessionaires for 17 New Dining and Retail Spaces at SEA Airport
The Port of Seattle has selected 11 concessionaires to operate 17 new coffee, specialty and convenience retail concepts across Seattle-Tacoma International Airport, extending...
