Industry News
Portland Council Pledges $120MM Toward $600MM Moda Center Overhaul to Keep Blazers
Wednesday’s vote sets the stage for months of high-stakes bargaining with the Trail Blazers’ new ownership, whose rocky start with City Hall has...
Concord Pacific’s $371MM, 1,131-Unit Seattle House Nears Fall Opening as Seattle’s Largest Apartment Project
Concord Pacific and HB Management are preparing to open the two-tower, 1,131-unit Seattle House in the Denny Triangle this fall, capping a six-year...
City of Kirkland Pays $10MM for Former LDS Church in Kingsgate After Competitive Bidding
A municipal government just out-competed the private market for a 3.28-acre Eastside development site, paying well above asking price to secure a former...
Portland Committee Advances 3,000-Seat Broadway Venue at PSU, Backs Keller Auditorium Downsizing
A divided Portland City Council committee voted Tuesday to advance a $137.5 million plan for a new Broadway venue at Portland State University...
Seattle-Based Entity Sells $22.5MM Residential Portfolio in Buckley
A $22.5 million residential sale in Buckley is landing near the top of Pierce County’s pricing range, in a submarket where investment volume...
$13.65MM Refinance Secured for Walmart-Anchored Retail Center in Sherwood, Ore.
A private investor just locked in seven-year, fixed-rate debt on a fully stabilized Portland-suburb shopping center at a moment when insurance-company lenders are...
Ares Management Pays $55MM for Fully Leased 248,000 SQFT Tacoma Central Logistics
A newspaper’s old printing plant has completed its transformation into a modern logistics hub, trading hands for more than three-and-a-half times what the...
Breakthrough Properties Acquires Stalled Seagen Biologics Plant in Everett for $78MM
A biomanufacturing facility that Pfizer abandoned two years into a $500 million build-out has changed hands for a fraction of that investment, landing...
SpringVue Townhomes Scaled Back From 91 to 36 Units in Bellevue’s BelRed District
Nearly three years after presenting a 91-unit vision for a sloped site near the Spring District light rail station, Taylor Development is asking...
Patience Over Growth: TruAmerica’s Bob Hart on the National Multifamily Reset
In a wide-ranging interview on CBRE's The Weekly Take podcast, TruAmerica Multifamily founder Bob Hart laid out how a four-decade veteran is navigating...
Steel Peak Pays $9MM for 23,500 SQFT Kent IOS Property in Fourth Seattle-Area Deal This Year
A two-year-old investment platform is quietly building density in one of the tightest corners of the Puget Sound industrial market, betting that scarce,...
Cle Elum Halts New Data Centers, but Blue Fern’s $200MM Bullfrog Flats Project May Proceed Under 2002 Pact
Cle Elum's City Council unanimously enacted an emergency six-month moratorium on data centers, yet the $200 million Blue Fern Development project that triggered...
