Industry News
Dickson Crews Tear Down Stalled Bellevue Hotel Foundation, Clearing 4.5-Acre Site for SRM’s 146-Unit Altaire Project
The teardown ends a six-year stall on a Mercer Slough-adjacent parcel and resets the path for one of Bellevue’s largest affordable housing deliveries....
OPTrust Rebrands Stalled 927-Unit Denny Triangle Towers as AERO1200, Targets Early 2027 Opening
The Toronto pension fund takes the keys from Westbank, names a hotel brand, and pushes Seattle’s most troubled high-rise back toward the finish...
Felton and Kucha Launch Felton Stern Capital Partners to Pursue Discounted Office and Flex Assets
The Lake Oswego-based platform debuts with three institutional properties and a contrarian mandate to acquire top-decile commercial real estate at reset valuations. Two...
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
Related Northwest, Clackamas County Cut Ribbon on 275-Unit Hillside Park, Largest Metro Bond Project in County
The $41.6MM-backed opening marks the first phase of a 16-acre redevelopment that will ultimately deliver more than 500 income-restricted homes in Milwaukie’s Ardenwald...
Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project
The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...
Signal Ventures Secures $15.5MM Construction Financing for 118,800 SQFT Self-Storage Development in Bend, Ore.
Signal Ventures secures loan for Badger Road, Bend Self Storage, a 118,800-square-foot climate-controlled facility on US Route 97 SAN FRANCISCO, Apr. 30, 2026...
Seattle Investor Acquires 20,000 SQFT Georgetown Industrial Site for $7.5MM from FSA Real Estate in Seattle
The transaction prices the longtime Washington Lift Truck service yard at $375 per square foot of land, a premium that underscores investor appetite...
Narrow Stairs Acquires 35-Unit Queen View Apartments Portfolio in Seattle for $6.5MM from Elston Properties
The Santa Barbara-based buyer lands a century-old multifamily asset at $185,714 per unit, well below the Puget Sound average, in a deal that...
Maersk to Shutter 205,000 SQFT Lakewood Warehouse as Puget Sound Industrial Vacancy Hits Record High
The Danish shipping giant will lay off 44 workers on June 30, joining a wave of logistics retrenchment across a Pacific Northwest market...
161-Unit Belltown and Queen Anne Multifamily Portfolio in Seattle Hits the Market for Sale
The Sidney and Queen Anne Flats hit the market as investor appetite returns to Seattle’s urban core, with the combined offering carrying an...
PMF Investments Sells 35,000 SQFT Homeport Building and 118-Slip Marina Site in Kirkland for $46MM
The trophy Lake Washington waterfront asset cleared a complex disposition shaped by mixed product types, a below-market anchor lease and deferred maintenance —...
