Industry News
Rhino Investments Group Secures $42.8MM to Refinance Multi-State Retail Portfolio that Includes 109,000 SQFT Salem, Ore. Property
Life Company Execution Supports Lease-Up and Preserves Asset-Level Flexibility for Rhino Investment Group Properties in California, Illinois, Oregon, and Wisconsin Irvine, Calif. (February...
LIHI and PDA Open 45-Unit Olympic Hills Tiny House Village in Seattle’s Lake City Neighborhood
The enhanced shelter marks the first significant expansion of Seattle’s shelter capacity in years, backed by $5.9 million in city funding and an...
CenterSquare Acquires 25,000 SQFT Normandy Park Towne Center from O’Keefe Development for $10.4MM in Seattle
Grocery-anchored neighborhood retail center is the firm’s second Seattle-area acquisition as it expands its national essential service retail portfolio to 74 properties. CenterSquare...
Williams & Russell CDC and Adre Advance 20-Home Affordable Townhome Phase in North Portland
First phase of long-planned reparative housing project moves into construction, with completion targeted for Q1 2027 In North Portland’s Albina neighborhood, a long-discussed...
Tri-Cities Apartment Construction Surge Delivers More Than 1,500 Units, Easing Rents as Developers Test the Market’s Limits
A roughly 10 percent expansion in rental stock is bringing relief to tenants, but rising vacancies in newer properties and slowing absorption raise...
Bridge Investment Group Buys 335-Unit The Ridge and The Shores Properties in Federal Way for $78MM
(Editor’s Note: According to King County public records, the sales price was $78 million, or about $232,835 per unit.) FEDERAL WAY, Wash., Feb....
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Seattle Nonresidential Construction Costs Post Smallest Quarterly Gain Nationally at 0.3 Percent in Q4 2025
Competitive bidding, reduced activity in office and healthcare, and steady labor supply kept cost escalation at the low end of Mortenson’s eight-market index ...
Ross Dress for Less and Grocery Outlet Lease Nearly 60,000 SQFT at SimonCRE’s Spanaway Plaza in Pierce County
Kidder Mathews and First Western Properties broker leases that will reposition the 89,000-square-foot retail center ahead of planned 2027 openings Retail repositioning efforts...
Big Pink Owner Acquires 266,664 SQFT Five Oak Building in Downtown Portland
The purchase of the lender-owned office building from Nuveen follows a competitive bidding process and complements the ongoing hospitality-driven repositioning of the U.S....
Amazon Exits 251,000 SQFT Seattle Children’s Building, Accelerating Eastside Pivot
The tech giant’s departure from the 1950s-era Kumo office adds to more than 1 million square feet of lease expirations since 2020, as...
Habitat for Humanity Revives Stalled Othello Site to Build Permanently Affordable Townhomes Near Light Rail in South Seattle
The nonprofit homebuilder has taken over a 15,657-square-foot lot at 7001 42nd Ave. S., one block from Othello Station, pivoting a dormant market-rate...
