Commercial
Higher-for-Longer Rates End the Cheap-Money Playbook for Puget Sound Real Estate, Economist Ken Rosen Says
The end of a 17-year stretch of near-zero real interest rates will push Puget Sound and Portland investors back to leasing, operations and...
Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral
A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...
Seattle Construction Costs Trail National Pace as Q2 Costs Rise 3.48%
Seattle's non-residential construction costs kept climbing in the second quarter of 2026, but at a pace that continues to lag the rest of...
UW Seeks GC and Architect for $36MM Acute Care Renovation at UWMC Montlake’s Pacific Tower
The University of Washington is hiring a design-build team to convert 18,500 square feet of administrative space back into acute-care beds, a stopgap...
Swickard to Acquire 90% Stake in Portland’s 30-Story Park Avenue West
Auto dealership magnate Jeff Swickard is set to take a 90 percent stake in Park Avenue West, averting a foreclosure auction and marking...
Hudson Pacific Extends $1.1B Hollywood Loan as Seattle Leasing Momentum Offsets Studio-Market Strain
Even as Hudson Pacific Properties rides a Seattle leasing surge that has downtown vacancy falling for the first time in six years, the...
Hudson Pacific Bets on Seattle Leasing to Fill 546,000 SQFT Tower as Dividend Stays Suspended
The West Coast office landlord has withheld its common dividend since September 2024, and its push to lease a half-million-square-foot Denny Triangle tower...
Harborview Unveils 226,000 SQFT Medical Office Plan for Yesler Terrace
Design review documents for Harborview's 9th and Alder site now call for a six-level underground garage topped by a seven-story medical office building,...
Helion Energy Leases 15,000 SQFT at Seattle’s 8th & Olive as Headcount Hits 800
A fusion energy startup that has grown tenfold in four years is planting its first flag in downtown Seattle, adding office space in...
Avenue5 Residential Leases 15,000 SQFT at 90%-Full Two Union Square in Seattle
As Class A asking rents in downtown Seattle slide toward $40 per square foot and direct vacancy holds above 32 percent, Avenue5 Residential...
Clise Properties Recruits CFO Benjamin Freeburg From Embattled Martin Selig Real Estate
Clise Properties, the 137-year-old Seattle landlord that helped shape the Denny Triangle, has hired Benjamin Freeburg as chief financial officer, drawing a senior...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
