Industry News
Merrill Lynch Renews 35,000 SQFT at Portland’s PacWest Center
A marquee wealth-management tenant recommits to a landmark downtown tower as financial-services firms anchor the CBD's slow recovery. Merrill Lynch has renewed its...
Regence Expands 46,000 SQFT at Newly Sold 200 Market as Portland CBD Leasing Rebounds
A downtown health insurer is betting bigger on Portland's core just as the 200 Market tower settles under new ownership. Regence BlueCross BlueShield...
Portland Industrial Vacancy and Availability Hit Record Highs as Leasing Slumps to 2008 Lows
A flood of sublease space and cautious occupiers pushed Portland's industrial availability to a record 11.1 percent in the second quarter of 2026,...
Mercy Housing Northwest Advances 74-Unit, $36MM Affordable Senior Community in Bellingham’s Old Town
Mercy Housing Northwest has firmed up plans for a 74-unit affordable housing building for low-income seniors on a half-acre lot in Bellingham's Old...
Everett Clinches First Four Parcels for $10.65MM to Advance $120MM Downtown Outdoor Event Center
The Everett City Council unanimously cleared the purchase of four downtown parcels for $10.65 million, its first land acquisitions for the planned $120...
JE Dunn Breaks Ground on 88,000 SQFT Cutter Garage for Portland’s CityFleet on Swan Island
Portland has finally broken ground on a replacement for one of the city's most notoriously decrepit workplaces, moving its fleet mechanics out of...
Seattle Chamber Music Society to Build 271-Seat Concert Hall Inside U.S. Bank Center
A 44-story downtown Seattle office tower that has spent the past several years fighting record-high vacancy is about to gain an unlikely new...
Coffee TAB Opens Third Café at Vulcan-Owned 23rd & Jackson in Seattle’s Central Area
A storefront that sat empty for years after Starbucks pulled out is about to reopen as a working classroom, as nonprofit coffee shop...
Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure
A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound's clearest tests of how far trophy values...
Eastside Office Demand Holds Near 3.7MM SQFT as Databricks and OpenAI Anchor Bellevue’s Flight to Quality
A wave of large lease executions led by Databricks converted years of pent-up requirements into signed deals, yet nearly 3.72 million square feet...
Portland Office Market Swings Back to Positive Demand in Q2
Portland's office market posted its first quarter of positive net absorption in more than a year as leasing activity climbed to a 12-month...
Sterling Realty Lands $27MM Brookfield Refinancing on 105,000 SQFT Mercer Island Office Building
Sterling Realty Organization has refinanced its Class A office building on Mercer Island with a new Brookfield loan, resetting the debt on an...
