Industry News
Spokane Indian Housing Authority Acquires 200-Unit Waterford Apartments in Everett for $53.3MM
The Wellpinit-based tribal housing entity acquired its fourth western Washington apartment complex in under a year, bringing its total deployment to approximately $285...
Chicko Chicken to Open 1,659 SQFT Location at Terrace Village Shopping Center in Mountlake Terrace
Seattle, Wash. (April 29, 2026) – Chicko Chicken, a quick-service franchise specializing in authentic Korean-style fried chicken, has leased 1,659 square feet at...
Bellevue Commits Record $37MM to Deliver 271 Affordable Units in Largest Housing Round in City History
Four developers secured funding to advance income-restricted apartments and ownership homes across the Eastside, with two projects breaking ground this year. Bellevue is...
Bellevue Kicks Off Master Plan for 8-Acre Bel-Red Park as Transit Corridor Densifies
The city’s Parks department opened a year-long community planning process for a former industrial site adjacent to the Spring District, with construction backed...
$220MM Data Center Plan Surfaces on 4.6-Acre Duwamish Site as Seattle Weighs Moratorium
An unnamed developer files plans for a four-story, up-to-320,000-SQFT facility on a former Carlyle cold-storage site, racing ahead of a potential City Hall...
Amazon Opens 1.75-Acre “Meadow” at Stalled Bellevue 600 Tower 2 Site, Doubling Down on Eastside Footprint
Tech giant transforms paused construction parcel into a public park as Tower 1 build-out continues toward 2027 completion Amazon has converted the dormant...
Equity Residential Bets on Bellevue-Redmond as Seattle Apartment Market Trails San Francisco’s AI Recovery
The REIT’s 8,051-unit Seattle portfolio underperformed in Q1 2026, but executives see Eastside office momentum and migration patterns positioning the metro for a...
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...
