Industry News
Manufacturing Sector Closes 2025 With 10th Consecutive Month of Contraction, ISM Index at 47.8
Employment gauge shows modest improvement despite persistent weakness in new orders and production activity The disconnect between America’s booming overall economy and its...
BNBuilders Partnership Proposes 21-Story Mass Timber Tower to Replace Departing Ross Store in Downtown Seattle
$160-180 Million Development Would Bring 340 Family-Sized Apartments to Key Third Avenue Location A developer has unveiled plans for a 21-story mass timber...
Security Properties Withdraws from Purchase of Former QFC Site in Seattle Planned for 317-Unit Residential Project
Developer Cites Market Conditions and Failed Negotiations After Four Years Under Contract for Wedgwood Redevelopment Security Properties has withdrawn from an agreement to...
Seattle Condo Market Shows Divergence as High-Rises Gain 6.3% While Mid and Low-Rises Decline
Transaction volumes fall 5.4 percent to 839 sales as inventory tightens to 4.4 months, with all-cash deals rising to 32.2 percent of purchases...
Volvo Group Invests $37.7MM in Pacific Northwest Distribution Hub Amid Trade Headwinds
Swedish manufacturer doubles down on North American logistics infrastructure as tariff pressures reshape supply chain strategies The Volvo Group is moving forward with...
Sagard Real Estate Buys 162,400 SQFT Industrial Portfolio in Auburn for $27MM
(Editor’s Note: According to King County public records, the sales price was $27 million, or about $166 per square foot.) AUBURN, WA –...
Clarion Partners Buys Multi-Building Industrial Park Totaling 184,000 SQFT in Kent for $34.8MM
Four-building campus in heart of Puget Sound industrial corridor trades at $189 per square foot An industrial campus has traded hands in Kent,...
Labor Market Treads Water as Job Openings Fall to 7.1 Million
The U.S. labor market showed continued signs of cooling in November, with job openings declining and workers increasingly reluctant to leave their positions,...
Equity Residential Sells 408-Unit Centennial Apartment Complex in Seattle for $132MM
JRK Property Holdings acquires Belltown towers from Equity Residential in dual-building transaction A two-building apartment complex in Seattle has traded hands in a...
Eastside Office Construction Grinds to Halt After Tech-Fueled Building Boom
The Seattle Eastside’s office construction pipeline has fallen silent in 2025 after a remarkable three-year period that delivered nearly 5 million square feet...
Westport Capital Partners Sells 296,000 SQFT Mohawk Business Park in Tualatin for $36.7MM
An office complex in a suburb of Portland has traded hands. According to Washington County public records, the Mohawk Business Park in Tualatin...
Eastside Office Buildings Give Way to Housing as 426,000 SQFT Demolished for Residential Development
Five aging office buildings across the Eastside have been sold and demolished to make way for townhomes and apartments, reflecting a fundamental shift...
