Industry News
Seattle Holds Steady for BXP as Downtown Vacancy Climbs to 36.5%
The largest premier workplace REIT keeps its two-asset Seattle CBD portfolio at 80.7 percent occupied even as the broader downtown market posts the...
Essex Signals Seattle Apartment Market Poised to Close the Gap with the Bay Area
The West Coast multifamily giant points to dwindling supply, fresh office expansions and improving April leasing data as evidence Seattle’s recovery is underway....
Kraken to Break Ground on $60MM Kirkland Iceplex as Hockey Surge Outstrips Northgate
Public-private deal hands the NHL franchise a 34-year, $1-per-year ground lease on a five-acre Eastside site, opening a second front for a youth...
32-Unit The Lime Apartment Complex Trades in Richland for $5.375MM
The 32-unit midcentury apartment complex traded at approximately $168,000 per unit, wrapping up the brokerage team’s multi-asset seller assignment in a Tri-Cities market...
Seattle’s Expense Discipline Pays Off: Essex Cuts Operating Costs 3.4% and Drives 4.9% NOI Growth
The Pacific Northwest delivered Essex Property Trust’s largest expense reduction of any region in Q1 2026, leveraging modest 2.3 percent revenue growth into...
Mennonite Village Closes $86.2MM in Bond Financing for 275-Acre Campus in Albany, Ore.
CHICAGO, IL – APRIL 7, 2026 – Ziegler, a specialty investment bank, is pleased to announce the successful closing of Mennonite Village’s $86,215,000...
LIHI Plans 32-Unit Belmont Tiny House Village on Seattle’s Capitol Hill
The $1.1 million emergency shelter will occupy a cleared lot on Belmont Avenue while the Downtown Emergency Service Center advances plans for a...
Transpacific Investments Lists 80-Unit King James & Kings Gate Apartments in Vancouver, Wash.
The value-add listing arrives as Vancouver’s apartment submarket absorbs more units than any other area in the Portland metro while maintaining below-average vacancy,...
Laurel Property Group Buys 167-Unit Grant Park Village Quimby in Portland for $30.7MM
PORTLAND, Ore., April 27, 2026 — CBRE has arranged the sale of Grant Park Village Quimby, a 167‑unit multifamily community located at 1580...
Alexandria’s 701 Dexter Crosses Toward Stabilization As Seattle Lab Demand Reawakens
Lake Union flagship anchors Alexandria’s bet on the region’s institutional research base while peripheral inventory languishes. Seattle’s life science real estate market is...
Tacoma’s Missing Middle Bet Pays Off: Permits Jump 39%, Units Surge 62% in First Year of Rezone
Home In Tacoma is producing density gains even as building permits across the broader Seattle-Tacoma-Bellevue region fall 17.3 percent year-over-year — a divergence...
Pacific Urban Tests Eastside Multifamily Demand With Listing of 180-Unit Knoll Redmond
Palo Alto investor takes Microsoft-adjacent garden community to market three years after $71.3MM acquisition, betting on tech-driven Eastside fundamentals as regional sales volume...
