Industry News
BentallGreenOak Buys 238-Unit Ballard Independent for $152MM in Seattle
BentallGreenOak’s $638,655-per-unit purchase of the newly built property from Holland Partner Group and NASH follows a similarly priced Mercer Island trade a week...
Kirkland’s Houghton Village Site Comes to Market for 145-Unit Mixed-Use Redevelopment
The City of Kirkland has hired CBRE to market its long-vacant Houghton Village property, a 2.2-acre Eastside parcel the city bought in 2022...
Kilroy’s Seattle and Bellevue Portfolio Tightens as Westgate Lands 150,000 SQFT in New Leases
The real estate investment trust reported intensifying competition for scarce high-quality space in Bellevue and a sharp pickup in leasing across its South...
Premier Workspaces Signs 11-Year Lease for 16,000 SQFT Flexible Office Center at Bellevue’s Timber Springs
Premier Workspaces has opened a 16,296-square-foot flexible office center at Bellevue's Timber Springs campus under an 11-year lease with American Assets Trust, deepening...
Alexandria Names Seattle Among Top Markets for Advanced Technology Demand as Lab Pipeline Shrinks 20%
Alexandria Real Estate Equities singled out Seattle as one of three markets where advanced technology tenants are absorbing buildings the REIT once planned...
Multnomah County Commissioners Float New Funding Path for Moda Center’s $600MM Overhaul
Two Multnomah County commissioners are pushing to fund the county's entire $88 million capital pledge for the Moda Center renovation through an existing...
Cascada Breaks Ground on 68-Room Thermal Springs Hotel and Spa in Downtown Bend, Eyes 2028 Opening
SolTerra and Portland design firm Hacker have broken ground on a 68-room Cascada thermal springs hotel and spa in downtown Bend, importing the...
Reliques Marketplace Lands 15,000 SQFT at Downtown Vancouver’s Sparks Building in Portland Market’s No. 2 Retail Lease of 2Q
Reliques Marketplace, a locally owned antiques and collectibles operator, has committed to 14,527 square feet at 1001 Broadway St in downtown Vancouver, delivering...
3,000 SQFT SE Division Fuel and Convenience Site in Portland Trades for $6MM
A small fuel and convenience property on one of Southeast Portland’s busiest neighborhood retail corridors changed hands for $6 million in the second...
Nordic Partners Investments Buys 107-Unit Monticello Apartments for $14.4MM in Seattle’s First Hill
The 107-unit Monticello Apartments drew multiple competing offers in an off-market process before selling for $134,579 a unit, well below Seattle’s broader multifamily...
Greystar Takes Over Fully Entitled 219-Unit Belltown Apartment Project at 3000 Western in Seattle, Replacing Washington Holdings
Greystar has stepped into one of Belltown's most prominently sited apartment developments, going under contract for a fully entitled 219-unit project across from...
Steinhauer Properties Refinances 209,000 SQFT Office and 282-Room Hotel for $107MM in Seattle
Steinhauer Properties refinances its 255 South King Street office and Embassy Suites hotel complex in Seattle for $107 million.
