Finance
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...
Graystoke Capital Partners Lands 103-Unit Sutton Place Apartments in East Wenatchee for $31MM
The Mountain West-focused investor doubles down on Central Washington with its second Wenatchee-area acquisition in under two years. Graystoke Capital Partners has acquired...
373-Unit Bremerton Landing Development Site Across 7 Acres in Kitsap County Hits Market for $9MM
The four-parcel Puget Sound assemblage offers shovel-ready entitlements for 82 units and a proposed 291-unit Phase 2, with potential Opportunity Zone designation looming...
Madison Development Group Sells Land Parcel Adjacent to Shops at Richmond Village in Shoreline for $8MM
A Denver-based entity tied to Clarion Partners has acquired the neighborhood center, betting on grocery-anchored stability in a softening Seattle retail market A...
Realty Income Buys 453,000 SQFT, Three-Parcel Warehouse Portfolio in Kent for $98MM
The net-lease REIT doubles down on the Puget Sound’s core distribution hub even as regional industrial vacancy climbs to a multi-year high. A...
$23.6MM DoubleTree Suites Loan Near Seattle Airport Lands in Special Servicing as CMBS Maturity Wall Crashes Hotels
The 219-suite DoubleTree Suites Seattle Airport-Southcenter was transferred to special servicing on May 26, the latest 2016-vintage hotel mortgage to fail a refinancing...
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...
King County Buys 35,800 SQFT Martingale/Neptune Flex Building and Land in Woodinville for $8.9MM
The public acquisition pulls a 35,805-SQFT high-tech office and warehouse property, plus undeveloped land, off a Puget Sound industrial market still working through...
Seattle Social Housing Developer to Buy 150-Unit Elara at the Market in Seattle’s Belltown for $60MM
The first major acquisition by the voter-created public housing authority puts Prop 1A tax revenue to work in one of downtown Seattle’s tightest...
Sagard Real Estate Expands Multifamily Portfolio with 222-Unit Acquisition in Monroe
SEATTLE–Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, today...
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...
Portland Hotels Limp Into 2026 as Downtown Distress Collides With Suburban Strength
National hotel performance is finally turning the corner, but Portland’s recovery remains stuck in the slow lane as international travel falters and downtown...
