Commercial
Portland Council Pledges $120MM Toward $600MM Moda Center Overhaul to Keep Blazers
Wednesday’s vote sets the stage for months of high-stakes bargaining with the Trail Blazers’ new ownership, whose rocky start with City Hall has...
City of Kirkland Pays $10MM for Former LDS Church in Kingsgate After Competitive Bidding
A municipal government just out-competed the private market for a 3.28-acre Eastside development site, paying well above asking price to secure a former...
Portland Committee Advances 3,000-Seat Broadway Venue at PSU, Backs Keller Auditorium Downsizing
A divided Portland City Council committee voted Tuesday to advance a $137.5 million plan for a new Broadway venue at Portland State University...
$13.65MM Refinance Secured for Walmart-Anchored Retail Center in Sherwood, Ore.
A private investor just locked in seven-year, fixed-rate debt on a fully stabilized Portland-suburb shopping center at a moment when insurance-company lenders are...
Cle Elum Halts New Data Centers, but Blue Fern’s $200MM Bullfrog Flats Project May Proceed Under 2002 Pact
Cle Elum's City Council unanimously enacted an emergency six-month moratorium on data centers, yet the $200 million Blue Fern Development project that triggered...
Port of Seattle Completes 15,000 SQFT Maritime Innovation Center at Fishermen’s Terminal, Chasing Living Building Status
After a decade of planning and roughly four years of hands-on work, the Port of Seattle has finished construction on the Maritime Innovation...
TikTok’s Five-Day Office Mandate Offers a Rare Bright Spot for Seattle Landlords
TikTok's plan to require most U.S. employees back in the office five days a week starting in September will refill its Seattle-area desks,...
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.
BXP Extends $250MM MetLife Loan on Safeco Plaza to 2028 as Seattle Tower’s Value Sinks Below Debt
Boston-based BXP and lender MetLife pushed out the maturity on Safeco Plaza's mortgage by more than two years and locked in a fixed...
PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds
A Bellevue-Redmond grid capacity study conducted with Puget Sound Energy concludes the utility must construct a new Central Bellevue substation called Vernell and...
Miami-Based Buyer Pays $17MM for Cedar Crest Academy’s 23,000 SQFT Bellevue Campus Building
The trade of a fully occupied, single-tenant elementary school building for nearly $1,000 per square foot of net space underscores investors' continued willingness...
24-Building Old Rainier Brewery Creative Campus Hits Market in Seattle’s Georgetown for $29MM, 91% Leased
The 181,453-square-foot Old Rainier Brewery creative campus in Seattle's Georgetown is now on the market, 91 percent leased.
