Commercial
PMB Files Plans for 377,442 SQFT Medical Office Building in Bellevue’s Wilburton
The San Diego-based healthcare developer's design review application would replace the aging Red Lion hotel complex and a 1980s office building along 116th...
Seattle Opens Salvage Lumber Warehouse in SODO to Funnel Old-Growth Wood Back Into New Construction
An EPA-funded warehouse run by Earthwise Architectural Salvage aims to turn deconstructed Seattle homes into a steady supply chain for builders chasing embodied-carbon...
Historic 193,027 SQFT Central Building Hits Market in Downtown Seattle at Reset Basis
Newly renovated 1907 landmark lists for sale with 30.6 percent occupancy, offering buyers a generational entry point as Seattle's CBD office market resets....
Out-of-Market Firms Drive 72% of Puget Sound AI Leasing as 2026 Tracks Record Year
California-headquartered AI companies now account for 62 percent of regional leasing activity, mirroring the 2010s tech migration that reshaped Seattle and the Eastside....
Philips Plans Multiyear Sale of 57-Acre Bothell Campus Assessed at $122.99MM
Dutch health-tech giant tees up a quiet exit from its longtime Puget Sound headquarters and signals a search for smaller, modernized Seattle-area space....
Seattle Posts Highest Vacancy Increase Among Tech Gateways Even as Bellevue Anchors AI Leasing Recovery
CBRE's 2026 Tech Gateway Office Markets report shows Seattle's downtown and Eastside drawing top-five U.S. AI tenant demand while overall vacancy climbs 500...
Class A+ Office Occupancy Nears 2025 Peak as Kastle Barometer Climbs to 78.6 Percent
Trophy buildings push toward full reoccupation while the broader Kastle index logs its strongest peak day since early March, signaling a widening gap...
Prime-Age Labor Force Participation Hits 83.8%, Undercutting Work From Home Job-Loss Narrative
Stanford economist Nick Bloom points to rising prime-age workforce participation and Fortune 500 hybrid adoption as evidence that remote work expands rather than...
Lone Star Funds Wins Bid for Washington Holdings’ Assets in Portfolio Deal, Outbidding Brookfield and Hines
Dallas-based opportunistic investor clinches the Seattle platform's entire real estate book in one of the largest captive-pension dispositions in recent memory. Lone Star...
City of Wenatchee Breaks Ground on $30MM Museum Overhaul, Knitting Two Historic Post Offices into One
The municipally owned campus at 127 South Mission Street will gain a new connective lobby, outdoor plaza and 14,000 square feet of reimagined...
PSE Draft Plan Pegs Washington Electric Rates to Climb 142% and Gas Rates 392% by 2050
The utility's reference case for the 2027 Integrated System Plan warns of binding transmission constraints, unsolvable model runs and mounting affordability pressure for...
Spear Street to Buy Seattle’s US Bank Center from Blackstone at $280MM, 54% Below 2019 Price
The pending recap of the 944,000-SQFT downtown tower marks one of the starkest writedowns yet on a Seattle trophy office, even as Bellevue...
