Industry News
Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B
Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents,...
Seattle Social Housing Developer Pauses Lowest-Income Applications at 150-Unit Elara to Build Out Support Services
The voter-created agency behind Seattle's social housing experiment has temporarily stopped taking applications from its lowest-income prospective tenants at its first building, Elara...
Scannell Properties Pays $11.8MM for Shovel-Ready Emerald Logistics Site in Auburn
Indianapolis-based Scannell Properties has bought a fully entitled industrial site in Auburn that its previous owner spent years preparing for exactly this kind...
Seattle Revives MHA Fee Break of Up to 80% to Jump-Start 5,672 Stalled Housing Units
Two months after a nearly identical deal collapsed, Councilmember Dionne Foster has reintroduced a Mandatory Housing Affordability fee reduction — now branded the...
Seattle’s 1000 Denny Way Office Loan Heads to Special Servicing Ahead of 2027 Maturity
A $56 million loan secured by the 263,000-square-foot office building at 1000 Denny Way has landed in special servicing weeks before its February...
Tacoma’s Historic Union Station Courthouse Slated for $79MM Federal Renovation Beginning Late 2027
Federal officials are pressing ahead with a comprehensive overhaul of Tacoma's century-old Union Station courthouse, with construction on seismic and building-systems upgrades scheduled...
Amazon Files to Add Prime Air Drone Delivery Center at North Portland Fulfillment Hub
Amazon has asked Portland's permitting bureau to sign off on a Prime Air drone delivery hub at its North Portland fulfillment building, a...
Formation Report Hands Seattle a Real Estate Playbook: Public Land, Bonding and Hard-Tech Hubs
Formation's assessment of Seattle's economy lays out a development agenda built on public land and municipal bonding capacity, pointing to New York's BATWorks...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Integrus Lists Its 27,000 SQFT Pioneer Square Headquarters, the Union Trust Annex, for Sale or Lease in Seattle
The Seattle architecture firm has placed its longtime home — a roughly 125-year-old landmark it bought and seismically overhauled in 2007 — up...
Oregon and Washington Host 139 Data Centers and 6,444 MW, but Texas Is Winning the Next Wave
The Pacific Northwest built one of the nation's largest data-center footprints on cheap hydropower, but new figures show Oregon and Washington capturing only...
Rivian Leases 32,000 SQFT Former Evergreen Ford Site in Issaquah’s Hyla Crossing for Sixth Puget Sound Showroom
Rivian Automotive has signed a lease with Rowley Properties for a 32,034-square-foot showroom and service center at the soon-to-be-vacated Evergreen Ford dealership in...
