Industry News
Bellevue City Council Unanimously Advances 2026-32 Affordable Housing Strategy Targeting 5,700 Units Over Next Decade
Updated seven-year plan replaces 2017 strategy with expanded tools, new revenue sources, and preservation targets as median home prices approach $1.6 million on...
Portland City Council Explores Vacancy Fee on Landlords as Downtown Struggles With Record-High Empty Space
Councilors have commissioned a $62,520 study to explore how a long-term vacancy fee might be structured The Portland City Council is exploring whether...
Seahawks File Plans for 80,000 SQFT Expansion of Renton Training Facility
The franchise’s Virginia Mason Athletic Center will undergo a major renovation and three-story addition, with construction targeting summer 2026 and a fall 2028...
UBS Suspends $469MM Euroinvest Fund Withdrawals, Exposing Structural Cracks in European Real Estate Vehicles
Asset manager halts redemptions for up to three years amid liquidity constraints, as open-ended fund model faces systemic stress across European property markets....
Red Tail Acquisitions Buys 115-Unit Exeter House Apartments for $25MM in Seattle’s First Hill
The 1927 property traded at roughly $217,400 per unit, well below comparable recent multifamily sales across Seattle’s urban core. An entity affiliated with...
G3 Partners Acquires Nine Acres of Overlake Christian Church’s Redmond Campus for $15.5MM
Kirkland-based buyer plans 142,240-square-foot recreation, manufacturing, and office facility on subdivided industrial-zoned parcel along Willows Road NE G3 Partners LLC has purchased a...
Oregon’s Industrial Real Estate Reckoning: 9,100 Acres Poised to Transform Rural Data Center Market
State communities plan to quadruple data center footprint as Amazon’s $37 million land purchase eyes first exascale facility near Boardman. Oregon stands at...
Essex Property Trust Reports Steady Growth in Seattle as Declining Supply Pipeline Positions Market for Tighter Conditions
The apartment REIT’s Pacific Northwest portfolio posted 2.8 percent same-property revenue growth in 2025, with the region poised to benefit from a sharp...
SecureSpace Self Storage Opens 53,000 SQFT Self Storage Site in Tukwila
REDONDO BEACH, Calif., March 26, 2026 — SecureSpace Self Storage (“SecureSpace”), a leading self-storage platform with locations across key urban markets in the...
Kennedy Wilson Sells Stake in 204-Unit Equinox Apartments in Seattle’s Eastlake for $44.9MM
The 204-unit Eastlake waterfront apartment complex was jointly acquired by Kennedy Wilson and a partnerfor $90 million in 2016; the partner buyout is...
MSR Communities Plans 247-Unit Mountain View Apartments on Former Dumpster Yard Near Canyon Park in Bothell
International homebuilder’s first multifamily rental project spans two phases — a 109-unit, seven-story building and a 138-unit, eight-story building — on a site...
Lake City Collective Plans 26,500 SQFT Cultural Center in Seattle
A three-story community-focused development would bring gathering space, urban agriculture, and resilience infrastructure to a 10,804-square-foot site in North Seattle Community-focused development efforts...
