Industry News
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...
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...
CoreWeave Incerases Downtown Bellevue Footprint to 36,000 SQFT, Extending the Eastside’s AI Boom
The Nvidia-backed cloud company expands at One Bellevue Center barely a year after planting its first Pacific Northwest flag, joining a wave of...
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...
Sound Transit Board Greenlights $34.5B ST3 Reset, Leaving Ballard Link in Limbo
A 16-2 vote prioritizes West Seattle and resurrects the Graham Street station, but the long-promised extension to Market Street remains unfunded as the...
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...
SRM and Urban League Cut Ribbon on 207-Home Altaire at Jackson Park in North Seattle
The North Seattle community, backed by Amazon, the Washington State Housing Finance Commission and the Seattle Office of Housing, targets workforce renters earning...
Tarragon Doubles Down on Puyallup With 137-Home Phase II at Uplands, Backed by Lennar and Century Communities
The Seattle developer is using national buyer research to reshape its product mix at the 320-acre master-planned community as it courts builders and...
Sana’a Cafe Lands in Tacoma as Yemeni Coffee Chains Take Aim at Starbucks’ Home Turf
The Hayward, Calif.-based chain’s South Tacoma store is its only Pacific Northwest outpost — for now. With Haraz lining up Capitol Hill, Qamaria...
Terex to Vacate 190,000 SQFT North Bend Plant, Lay Off 117 as Genie Exit Looms
An equipment maker’s consolidation into Redmond and the Southeast frees up a major Snoqualmie Valley industrial complex even as a hot North Bend...
Eight-Story “The Hostess” Banner Lands on 9th & Thomas in Seattle’s South Lake Union Ahead of World Cup
The 36-by-111-foot work by Seattle artist Ernesto Ybarra marks the fifth large-scale banner installed on the Olson Kundig-designed building’s east façade since the...
