IRG Completes Multi-Million-Dollar Overhaul of 528,000 SQFT Former NORPAC Plant in Stayton, Ore.
Industrial Realty Group has finished a top-to-bottom redevelopment of the shuttered NORPAC food-processing plant in Stayton, Oregon, converting more than 528,000 square feet...
Kids Gym and STEAM Operator Hunts 2,700-to-5,500 SQFT Across Six Puget Sound Markets on 10-Year Terms
A children’s fitness and STEAM education operator is scouring six of the Puget Sound’s tightest retail submarkets for a high-ceilinged box between 2,700...
Washington Inventory Climbs 16.4% as Summer Sales Rebound, NWMLS Reports for June 2026
Buyers across Washington gained their widest selection of homes all year in June 2026 as active listings surged 16.4 percent year over year,...
Henbart to Convert 22,000 SQFT of Former Office Space at The Commons at Ballard in Seattle into 23 Apartments
When Gravity Payments left and Bartell Drugs went dark below, Henbart finally had the opening — and the city’s incentives — to do...
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’s World Cup Payday Ran on Room Rates, Not Crowds, as the Retail Boom Stopped at a Few Blocks
Seattle’s month as a FIFA World Cup host generated record hotel revenue and record downtown foot traffic, but the underlying data shows a...
CBRE-Owned Industrious Renews 21,000 SQFT Flexible-Workspace Lease at City Center Bellevue as Eastside Turns a Corner
Industrious, the premium flexible-workspace operator now owned by CBRE, has recommitted to its home on the top floors of one of downtown Bellevue’s...
Coworking Operator Kiln Lands 26,000 SQFT Lease at Symetra Center in Downtown Bellevue
Flexible-workspace operator Kiln has secured 26,143 square feet at Sterling Realty Organization’s recently renovated Symetra Center, planting a second Washington flag in the...
Kirkland Office Rents Hold Above $46 in Q2 2026, Trailing Only Downtown Bellevue as Vacancy Ticks Up
Kirkland cemented its status as the Eastside’s second-priciest office submarket in the second quarter of 2026, commanding gross asking rents above $46 even...
Bellevue Suburban Office Gives Back Ground in Q2 2026 as Vacancy Climbs to 12.8%
The Bellevue Suburban office submarket surrendered occupancy for a second straight quarter in the second quarter of 2026, pushing vacancy to 12.8 percent...
Edmonds-Based Investor Buys 66,017 SQFT Warehouse in Monroe for $15.7MM
An Edmonds-based private investment entity has paid $15.7 million for a 66,017-square-foot industrial warehouse in Monroe, acquiring a 2001-vintage Snohomish County building occupied...
Seattle Ranks as Nation’s No. 3 AI Metro in Hubble Study as Tech Tenants Anchor Puget Sound Office Recovery
Hubble’s new ranking of the most AI-ready U.S. metros names Seattle the country’s third-strongest AI hub and the highest-scoring market outside the Bay...
IRG Completes Multi-Million-Dollar Overhaul of 528,000 SQFT Former NORPAC Plant in Stayton, Ore.
Industrial Realty Group has finished a top-to-bottom redevelopment of the shuttered NORPAC food-processing plant in Stayton, Oregon, converting more than 528,000 square feet...
Kimco Realty Lists 106,500 SQFT Jantzen Beach Home Depot in Portland for $41MM at 5.35% Cap
Kimco Realty has put its single-tenant Home Depot on Hayden Island up for sale at a sub-market cap rate, testing investor appetite for...
1803 Fund Acquires Streimer Campus and Widmer Brothers Brewing Properties in Portland’s Albina to Advance Mixed-Use District
A nonprofit backed by Phil Knight’s $400 million commitment is stitching together the contaminated industrial blocks of Portland’s Albina neighborhood where postwar highway...
Oregon Trails West Coast Neighbors With 1.1% GDP Growth in First Quarter
Oregon’s economy grew at a 1.1 percent annualized rate in the first quarter of 2026, roughly half the national pace and a fraction...
Gensler’s City Pulse 2026 Flags Downtown Portland’s Vibrancy Gap as Authenticity Holds Firm
Downtown Portland holds onto a strong sense of authenticity in Gensler’s largest-ever global study of urban experience, but the city’s core ranks among...
Willamette River Recreation Generates $311MM in Annual Economic Value, ECOnorthwest Study Finds
A new ECOnorthwest analysis presented to Portland civic and business leaders quantifies the Willamette River’s recreational economy for the first time, valuing it...
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 ReadingWashington Inventory Climbs 16.4% as Summer Sales Rebound, NWMLS Reports for June 2026
Buyers across Washington gained their widest selection of homes all year in June 2026 as active listings surged 16.4 percent year over year,...
OpenAI, Uber Anchor 3.4MM SQFT Leasing Surge as Puget Sound Office Market Turns Corner in 2026
A wave of long-term commitments from artificial intelligence, software and professional-services tenants pushed Puget Sound office leasing up 62 percent in the first...
Gensler Research Finds the District, Not the Stadium, Now Drives Fan Decisions Across North America
New research from the Gensler Research Institute, drawn from nearly 6,000 residents across major U.S. and Canadian metros, finds that the neighborhoods built...
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)...
The Geography of Want: Why Starbucks Can’t Drag Its People to Nashville
By Billy the Broker (I just want to stay anonymous) There’s an old joke about the Boston banker who, told he must relocate...
Tata Lands 41,429 SQFT Lease at Redmond’s RidgePointe Corporate Center, Largest Eastside Office Deal Outside Bellevue in Q2 2026
Tata has committed to 41,429 square feet at Redmond’s RidgePointe Corporate Center, a new lease that ranks as the largest Eastside office transaction...
Eastside Office Construction Goes Dark in 2026 After 4.9MM-SQFT Wave, With 14.7MM SQFT Waiting in the Wings
The Eastside office market will not deliver a single new building in 2026, a deliberate pause that hands landlords a rare window to...
Redmond Office Market Mounts Recovery in Early 2026 as Vacancy Drops to 14.2% on Tata, AI Leasing
The Redmond office submarket strung together two consecutive quarters of positive absorption to open 2026, pulling vacancy down to 14.2 percent and establishing...
Emerald Learning Center Leases Full 31,057 SQFT Alderwood Building in Bellevue’s Suburban Submarket
Special-education provider Emerald Learning Center has leased 31,057 square feet at the Alderwood Building in Bellevue, a full-building commitment that stands out as...
Downtown Bellevue Roars Back in Q2 2026 With 366,000 SQFT Absorption Surge Led by Uber and AI Tenants
Downtown Bellevue posted the strongest quarterly absorption of any Eastside submarket in the second quarter of 2026, clawing back 366,168 square feet as...
Eastside Office Market Turns a Corner in Q2 2026 as Absorption Goes Positive, But 21% Vacancy Lingers
The Eastside office market recorded its first meaningful positive absorption in more than a year during the second quarter of 2026, absorbing nearly...
Kimco Realty Lists 106,500 SQFT Jantzen Beach Home Depot in Portland for $41MM at 5.35% Cap
Kimco Realty has put its single-tenant Home Depot on Hayden Island up for sale at a sub-market cap rate, testing investor appetite for...
Labor Force Participation Sinks to 61.5%, a 50-Year Low as Prime-Age Workers Exit
A sweeping retreat from the U.S. workforce pushed labor force participation to its lowest level in half a century outside the pandemic, with...
