Industry News
Starwood Pulls the Plug on SREIT Redemptions, Slashes Distribution as Non-Traded REIT Reckoning Reaches Its Endgame
Barry Sternlicht’s $22.4 billion fund becomes the last holdout in a sector-wide liquidity crisis, betting that Sunbelt multifamily fundamentals will reward shareholders who...
D.R. Horton Affiliate Acquires Multiple Parcels of Vacant Land in Tacoma for $15.8MM
The nation’s largest homebuilder picks up developable land from Japanese builder Ichijo USA in Pierce County, extending its residential pipeline in the South...
Kirkland Investor Sells 25-Unit Avellino Apartments on Mercer Island for $10.8MM
Mixed-use apartment building trades at $432,000 per unit in rare island transaction, reflecting the scarcity premium that Mercer Island’s constrained multifamily inventory commands...
Bellevue Locks In 5,700-Unit Affordable Housing Target as Eastside Tech Boom Strains Market
The seven-year strategy more than doubles the city’s previous goal as record corporate leasing collides with rising rents and a regional construction slowdown....
Private Capital Tightens Grip on Washington Multifamily as Pierce County Heats Up
A Berkadia Q1 2026 report shows mid-market investors driving deal flow, institutional buyers retreating to scale plays, and a coming delivery cliff setting...
Bellevue to Consider Conditional Use Permit for 30,000 SQFT BASIS K-5 School in Lake Hills
City planning director recommends approval with conditions for the proposed school that would replace a church building at 15760 NE 4th Street and...
Alliance Residential and Urbal Architecture Gain Approval for 442-Unit Bellevue Apartment Complex
The 603,503-square-foot project on NE 8th Street clears design review as Wilburton emerges as the Eastside’s most active residential development corridor The City...
Apartment Titans AvalonBay and Equity Residential Eye $50B Merger That Could Redraw US Rental Map
The two largest US apartment REITs are in early-stage talks on a combination that would create a roughly 200,000-unit landlord and reignite REIT...
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...
