Industry News
Renton Bets $10MM on Downtown Reinvention as HEART Block Opens June 6 with World Cup in Sight
The city’s long-planned trifecta—Legacy Square, Piazza Park, and the Renton Market—debuts June 6, converting a former auto dealership and a vacant gravel lot...
Bellingham Clears 38-Unit Tull 3 Development With 30,000 SQFT Commercial Pad on Meridian
The City of Bellingham has signed off on environmental review for one of the next pieces of Meridian Street’s ongoing residential and retail...
Washington National Guard Announces Groundbreaking on $57.6MM Joint Force Headquarters at Camp Murray in Tacoma
The long-delayed Tacoma-area facility will consolidate senior military leadership and staff currently scattered across aging buildings into a single command campus by summer...
Sound Transit Chair Floats Scaled-Back Ballard Link, Issaquah Delay To Close $34.5B Gap
Resolution R2026-11 would truncate the region’s highest-ridership light rail line at Seattle Center and push the South Kirkland-to-Issaquah extension to 2050 Sound Transit...
Brokers Bet Seattle Apartments Are Next as San Francisco Rents Surge and Tech Returns
A May 2026 market recap argues the Bay Area’s rent explosion and fresh tech leasing from Apple and Anthropic foreshadow a turn for...
Port of Seattle Unveils 31-Project Blueprint to Expand SEA for 56 Million Passengers by 2032
The Port’s Draft Environmental Impact Statement opens public comment on a sweeping near-term expansion anchored by a second terminal and 19 new gates....
154,600 SQFT Meadowlark Industrial Center in Portland’s Sunset Corridor Trades for $30MM
Fully leased, Class A industrial asset totaling 154,646 square feet trades in one of the region’s most established advanced manufacturing submarkets Portland, Ore.,...
Wishcamper Opens 164-Unit Amity Orchards Affordable Community in Beaverton’s South Cooper Mountain
The $80MM multigenerational project, backed by $9MM from Metro’s voter-approved housing bond, is the second bond-funded community to open in the fast-growing area...
InCity Properties Lists 84-Unit Altura Apartments in Spokane at $12MM with 34% Renovation Upside
The 1972-built Riverside tower is being marketed as a value-add play with a 6.61 percent in-place cap rate and capacity to push rents...
AvalonBay and Equity Residential Forge $69B Apartment Titan in All-Stock Merger of Equals
The combination of the nation’s two largest multifamily REITs creates a 180,000-unit powerhouse with dominant positions in Los Angeles, New York and Greater...
Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing...
Seattle Lands Among Top Five Global AI Office Markets Despite Rising Vacancy
Tech tenants leased increasing volumes of Seattle office space in 2025 as AI demand pushed the metro into the top tier of global...
