Industry News
Trojan Storage Buys 91,000 SQFT Mill Creek Self-Storage Facility in Bothell for $23MM
Trojan Storage Adds Mill Creek Facility to Its Growing Puget Sound Cluster Trojan Storage of Mill Creek, LLC has paid $23 million for...
Kaiser Permanente to More Than Double Capitol Hill Hospital Beds by 2027, Plans New Urgent Care in Everett
Kaiser Permanente is adding inpatient capacity at its flagship Seattle hospital and a new urgent care department in Everett, a pair of investments...
Olympia’s Capital Mall Among Five in $437MM Starwood Portfolio Back in Special Servicing
Capital Mall in Olympia is one of five regional malls backing a $436.9 million CMBS loan that tumbled back into special servicing on...
Formation Report Finds Seattle Shedding Restaurants Per Capita, Squeezing Ground-Floor Retail
Formation's assessment of Seattle's economy finds the city has lost restaurants per capita both before and after the pandemic, a sign that thin-margin...
As Robots Reshape the Built World, Puget Sound’s Warehouses Retool for Machines
A Goldman Sachs Global Institute essay warns that warehouses, kitchens and stores are being re-engineered for robots rather than people, and few regions...
Puget Sound Industrial Sales Climb 49% to $2.87B Even as Vacancy Holds at 11.8%
Broker Matt McLennan's latest TILT Report finds the Puget Sound industrial market regaining momentum, with investment volume surging and deals closing, even as...
Port of Seattle Lands 11 Concessionaires for 17 New Dining and Retail Spaces at SEA Airport
The Port of Seattle has selected 11 concessionaires to operate 17 new coffee, specialty and convenience retail concepts across Seattle-Tacoma International Airport, extending...
98-Unit Tacoma Townhome Portfolio Listed for Sale With Assumable Sub-3.65% Debt
Berkadia is marketing a 98-unit, four-property Tacoma townhome portfolio with sub-3 percent vacancy and fixed-rate assumable loans as low as 3.49 percent, positioning...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
TA Realty Affiliate Sells 55,000 SQFT Tacoma Industrial Building for $8.3MM
Still Water LLC pays $8.3MM for a Tacoma distribution building leased to Smith-Western Co. since 1999, county records show.
Bellevue Weighs 12th Revision to Spring District Plan, Converting North Blocks to 560 Units
Wright Runstad seeks to convert the Spring District's North Blocks from office to roughly 560 units of housing near Bellevue's light rail station.
