Industry News
Washington Senate Passes Historic 9.9% Income Tax on Millionaires in 27-22 Vote, Sending Shockwaves Through State’s Business Community
SB 6346, dubbed the “Millionaires Tax,” would generate an estimated $3.7 billion annually beginning in 2029, but critics warn the legislation could accelerate...
FA Johnson Development Lists Shovel-Ready 171-Unit Kanepē Apartment Project in Seattle’s Ballard Neighborhood
The fully entitled multifamily development hits the market as a co-GP opportunity amid a sharp contraction in Seattle’s construction pipeline, positioning it to...
Shell’s Savion Acquires Rights to 2-GW Cereza Solar and Storage Project at Hanford Site Near Richland
The sale of one of the nation’s largest planned solar developments comes weeks after Hecate Energy announced a $1.2 billion SPAC deal to...
Bellwether Housing Breaks Ground on 328-Unit Prisma Affordable Housing Project Adjacent to Light Rail in Redmond
The $168.7 million transit-oriented development on Sound Transit surplus land targets deeply affordable units in one of the region’s most expensive corridors Bellwether...
82-Unit Merritt Manor Apartments in Olympia Traded for $19.55MM
(Editor’s Note: According to Thurston County public records, the seller was an entity that shares an address with Grandview Management.) OLYMPIA, Wash. (Feb....
Tesla-Occupied 10,000 SQFT Renton Dealership at 700 S Grady Way Listed for Sale at $6.9MM
The auto showroom and service facility sits on a 2.12-acre lot with 150 parking stalls along one of South King County’s highest-traffic corridors...
Kitsap County Apartment Vacancy Plunges 270 Basis Points as the Puget Sound’s Smallest Market Posts Sharpest Fundamental Improvement
A new Kidder Mathews report finds vacancy fell from 10.9 percent to 8.2 percent during 2025 — the largest decline of any submarket...
Pierce County Apartment Sales Reach $445MM in 2025 as Income-Focused Investors Target the South Sound’s Higher Yields
A new Kidder Mathews report finds 43 buildings traded at 6.0 percent average cap rates while the Tacoma-anchored market posted 2 percent rent...
Snohomish County Apartment Sales Reach $640MM in 2025 as Measured Recovery Favors Patient Capital
A new Kidder Mathews report finds transaction volume more than doubled from 2023 levels as flat rents and a light supply pipeline keep...
King County Apartment Sales Surge to $4.7B in 2025 as Four Submarkets Chart Divergent Paths to Recovery
A new Kidder Mathews report finds Seattle drove the lion’s share of deal volume while East King commanded the tightest cap rates, North...
PTLA Real Estate Group Lists 217-Unit University Park & Place Apartments Near Central Washington University in Ellensburg
The Walnut Creek, Calif.-based investor taps Berkadia to market its student-housing-adjacent property after an eight-year hold, offering value-add upside in a supply-constrained college...
March Rate Cut Unlikely as Labor Market Stabilizes, Wells Fargo Sees 2 More Cuts in 2026
Solid consumer spending, 70K average monthly payroll growth and core PCE easing to 2.6 percent by Q4 shape updated U.S. outlook After a...
