Industry News
Seattle Hoteliers Stare Down Potential ‘Non-Event’ World Cup as 80 Percent Track Below Plan
Visa barriers, FIFA room block releases, and last-minute cost hikes are pulling Seattle into the most underperforming tier of the 11 U.S. host...
City of Seattle Lands South Park Lease for 90-Unit Tiny House Village
The lease, paired with a privately funded contribution from a business coalition including Microsoft, T-Mobile, and Starbucks, advances Mayor Katie B. Wilson’s plan...
City of Bellevue Approves Soma Homes’ 19-Townhome Bel-Red Project on 1.15-Acre Office Site
The four-year-old Puget Sound builder will demolish a two-story business park at 12505 NE Bellevue-Redmond Road and replace it with four buildings of...
Second Nick’s Magnificent Playground Planned in 17,352 SQFT Redmond Building After $5.9MM Purchase
The buyer paid roughly $340 per square foot for the former Perma-Chink Systems headquarters near Marymoor Park and is already eyeing a third...
PMF Investments Lists 2.86-Acre Redmond Inn Assemblage as Mixed-Use Redevelopment Play Near Microsoft
The Bellevue investor, which paid $20.2 million for the 137-room hotel and adjacent Family Pancake House two years ago, has tapped Newmark to...
Hudson Pacific’s Seattle Portfolio Splits Between Strong Denny Triangle, Struggling Pioneer Square
Washington 1000 sits 99.5 percent vacant 18 months after delivery as Pioneer Square holdings drag down portfolio averages. Hudson Pacific Properties’ Seattle office...
Family Trust Affiliate Lands $27MM Refinancing on 373-Unit Oregon Multifamily Portfolio
The owner of Main Street Village in Tigard and The Ridge at Mountain Park in Lake Oswego retired maturing debt with seven-year insurance...
Macerich Doubles Down on West Coast Trophy Malls While Shedding Underperformers
The Santa Monica REIT’s Q1 2026 results reveal a portfolio strategy splitting Pacific Coast assets into two clear camps: properties worth fighting for...
Dickson Crews Tear Down Stalled Bellevue Hotel Foundation, Clearing 4.5-Acre Site for SRM’s 146-Unit Altaire Project
The teardown ends a six-year stall on a Mercer Slough-adjacent parcel and resets the path for one of Bellevue’s largest affordable housing deliveries....
OPTrust Rebrands Stalled 927-Unit Denny Triangle Towers as AERO1200, Targets Early 2027 Opening
The Toronto pension fund takes the keys from Westbank, names a hotel brand, and pushes Seattle’s most troubled high-rise back toward the finish...
Felton and Kucha Launch Felton Stern Capital Partners to Pursue Discounted Office and Flex Assets
The Lake Oswego-based platform debuts with three institutional properties and a contrarian mandate to acquire top-decile commercial real estate at reset valuations. Two...
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
