Commercial
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...
Seattle Council Advances Upzone Package to Jumpstart Stalled Towers and Mass Timber Projects
The Housing Opportunities Program would lift heights in Belltown, exempt eco-friendly projects from design rules and shield qualifying buildings from SEPA appeals, with...
Puget Sound Office Market Notches First Positive Absorption in Four Years, Even as Layoffs Mount
Vacancy and availability declined simultaneously for the first time in the recovery cycle, but surging tech-sector cuts and a weakening labor market threaten...
Norwegian Cruise Line Locks In Seattle Through 2035 in Lease Worth Up to $316MM
Port of Seattle commission’s amended agreement ties extension options to decarbonization milestones, signaling how environmental performance is reshaping cruise tenancy in the Pacific...
Commercial Brokers Association Taps Washington REALTORS Veteran Mary Hull-Drury as President and CEO
The Lynnwood-based commercial real estate cooperative hands its top job to a longtime Olympia lobbyist as the Pacific Northwest market navigates record office...
Newmark Folds Oregon Capital Markets Team Into Bay Area Platform to Channel California Investor Flow
The realignment positions James Childress and Kellen Kollmorgen alongside Steven Golubchik as Portland courts Bay Area institutional buyers chasing yield in secondary markets....
Spruce Street School Clears Permit Hurdle for 20,000 SQFT First Hill Campus Conversion
The 43-year-old private elementary school will trade its leased Denny Triangle home for an owned First Hill building, with classes targeted to begin...
Central City Concern Acquires 160,000 SQFT Everett Building in Portland Old Town for $11MM
Nonprofit’s purchase of former NWEA headquarters lands at 77 percent below the property’s 2015 trade, marking the latest fire-sale benchmark for downtown Portland...
JP Morgan Pulls Plug on $1.4B Core-Plus Real Estate Fund, Putting Seattle Office Towers Back in Spotlight
The 24-year-old US Real Estate Income and Growth vehicle leaves behind a Denny Triangle footprint that once anchored the West Coast’s biggest office...
Bellingham Clears 38-Unit Tull 3 Development With 30,000 SQFT Commercial Pad on Meridian
The City of Bellingham has signed off on environmental review for one of the next pieces of Meridian Street’s ongoing residential and retail...
Washington National Guard Announces Groundbreaking on $57.6MM Joint Force Headquarters at Camp Murray in Tacoma
The long-delayed Tacoma-area facility will consolidate senior military leadership and staff currently scattered across aging buildings into a single command campus by summer...
