Industry News
Silicon Valley Bank Takes 4,600 SQFT at 11W in Downtown Portland
Long-term lease adds momentum to West End office building as Central Business District vacancy reaches 36.3 percent Office leasing decisions in downtown Portland...
Seattle Approves $64MM Creek Restoration Land Deal Despite Community Concerns
City committee greenlights utility’s acquisition of historic Laurelhurst property to comply with fish passage requirements Seattle’s Parks, Public Utilities & Technology Committee voted...
Boeing Acquires 319,000 SQFT Flex Building in Everett for $54MM
A significant industrial site in Everett has traded hands. According to Snohomish County public records, The Boeing Company, based in Berkeley, Missouri, purchased...
Timberlane Partners, PCCP Acquire 532-Unit Jackson Apartments in Seattle for $173MM
Seattle continues to draw multifamily investors to its offerings. In a recent deal, Timberlane Partners, one of the Pacific Northwest’s most active multifamily...
Ardagh Glass Sells 13-Acre Industrial Site with 27,300 SQFT Building in Seattle for $23MM
A large industrial property in Seattle’s Georgetown neighborhood has changed hands. According to King County public records, an entity affiliated with Green Dock...
First AME Zion Church Secures $3M Grant for 44-Unit North Portland Affordable Housing Project
Oregon’s oldest Black church is embarking on an ambitious redevelopment project that will replace its North Portland sanctuary with a 44-unit affordable housing...
Isola Communities Sells 67,000 SQFT Renton Office Building for $11.5MM in South King County Government-Leased Asset Deal
Isola Communities-affiliated entity sells DSHS facility to local buyer at $171 per square foot Government-leased office properties in South King County are attracting...
PGIM, Interstate Equities Buys 100-Unit Apartment Complex in Seattle’s South Lake Union for $32.5MM
Seattle’s South Lake Union continues to draw multifamily investors. According to King County public records, an entity affiliated with Interstate Equities Corp. and...
U.S. Existing Home Sales Edge Up 0.5 percent in November to 4.13MM Units
Third consecutive monthly gain reflects lower mortgage rates and improved supply conditions The housing market’s gradual recovery continues as buyers respond to more...
Cederstrand Eyes Hotel Development at Century-Old Stadium District Site Near Lumen Field
A vacant century-old office building at 820 First Ave. S., steps from Seattle’s Lumen Field and T-Mobile Park, could soon transform into an...
AI Tackles Construction Budgets: One Developer’s Quest to Cut 20 Hours Down to 8 Minutes
Jake Heller wasn’t trying to replace his estimator. The commercial real estate developer and AI consultant just wanted to know if artificial intelligence could...
Nordstrom Rack Plans Relocation to 38,000 SQFT Former Forever 21 Space in Downtown Seattle
Nordstrom Rack is planning to relocate its downtown Seattle store. The retailer filed a building and land use pre-application for 601 Pine St.,...
