Industry News
KG Investment Properties Sells 67,800 SQFT O’Shea Building in Seattle for $16.9MM
A Seattle-based enetity acquired the 1915-built downtown landmark on a 13,560-square-foot corner across from Westlake Center for roughly $249 per gross square foot,...
SoFi Lands 33,000 SQFT Lease at Kilroy’s West8 Tower in Seattle’s Denny Regrade
The fintech firm’s expansion at the renovated 539,000-square-foot office tower extends a leasing run that has now produced 150,000 square feet of new...
Premier Storage Investors Pays $50.7MM for 139,700 SQFT West Coast Self-Storage in Bellevue
The Memphis-based pure-play storage roll-up, backed by an institutional endowment partner, lands a 2016-vintage Class A facility wedged between two Public Storage locations...
Topgolf Tees Off, Alliance Residential Steps Up With 300-Unit Apartment Pitch at Everett Mall
A private-equity reset at Topgolf has redrawn the anchor tenant calculus at Brixton Capital’s Hub @ Everett, opening the door for a multifamily...
Mystery Investor Group HeronPark Secures Five-Year Option to Buy 350 Acres of Portland’s Ross Island
A Delaware-registered consortium working with Tetra Tech has quietly locked up the rights to one of the most contested industrial properties on the...
Oregon Tourism Clears $14.6 Billion as Portland Hotel Distress Tests the Recovery
Statewide visitor spending and 122,900 jobs mask a two-speed market where rural destinations boom and Portland lodging assets trade at deep discounts Oregon’s...
Oregon’s Lincoln City Breaks Ground on $6.7MM D River Welcome Center, Bets Big on Coast Tourism Economy
The Bearing Architecture-designed visitor hub anchors a public sector wager that lodging-tax dollars can convert 1.5 million annual day-trippers into longer stays and...
PDX Activates South Baggage Claim Escalators, Closing in on End of $2.15B Terminal Overhaul
The Port of Portland switched on the south-side escalators May 8, leaving a north-side counterpart and final punch-list items between the airport and...
Oregon Community Foundation Commits $100MM to Build 10,000 Middle-Income Housing Units Statewide
The state’s largest grantmaker is moving beyond traditional philanthropy with an impact-investing vehicle targeting Oregon’s “missing middle.” Oregon Community Foundation is putting its...
Guardian and PCCP Acquire 332-Unit Ladd Tower for $63.3MM in Downtown Portland, 20% Below 2010 Trade
The 23-story Park Avenue high-rise marks the latest discounted bet on a downtown Portland comeback by Tom Brenneke’s Guardian Real Estate Services, and...
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...
