Industry News
Seattle Shelves 80% MHA Fee Cut as Builders Say 30 Stalled Projects and 6,000 Homes Hang in the Balance
A nonprofit coalition's abrupt reversal killed the summer timeline for Seattle's proposed two-year Mandatory Housing Affordability fee reduction, stranding a compromise that market-rate...
Three-Parcel Belltown Development Site Hits the Market in Seattle With Zoning for a 400-Foot, 353-Unit Tower
A 0.45-acre assemblage of three parcels on Fifth Avenue in Seattle's Belltown neighborhood has been listed for sale with entitlement studies supporting everything...
Intercontinental Buys 125,000 SQFT Haggen-Anchored Lakeland Town Center for $69.5MM in Auburn
Intercontinental Real Estate Corporation has bought its way into one of the tightest retail submarkets in the Seattle metro Boston, MA (July 15,...
TESO Life Takes 24,000 SQFT Former Office Depot in Tukwila, Betting Big-Box on Japanese Retail Craze
TESO Life, the Japanese lifestyle retailer whose store openings routinely draw quarter-mile lines, has leased a 23,502-square-foot former Office Depot at Segale Properties...
Ferguson’s 26-Member Economic Council Carries a Permitting Mandate as Downtown Seattle Vacancy Hits 36.5%
Gov. Bob Ferguson's newly created Governor's Economic Development Council arrives with an explicit charge to dismantle regulatory barriers to growth, seating six members...
Serta Simmons Renews 273,000 SQFT Puyallup Plant, the Largest Puget Sound Industrial Lease of Q2
Serta Simmons Bedding has renewed 273,000 square feet at its Puyallup mattress plant, the largest industrial lease transaction recorded anywhere in the Puget...
Tiger Mountain Services Renews 125,000 SQFT in Kent, Keeping Washington’s First Bonded Wine Warehouse in the Valley
Tiger Mountain Services, the Kent operator that opened Washington's first bonded wine warehouse and now serves more than 500 wineries, has renewed 125,000...
Bellevue Puts $25MM on the Table for Affordable Housing, Pairing Sales Tax Dollars With $11MM in One-Time Reserves
Bellevue's Office of Housing is soliciting proposals from affordable housing developers and operators for up to $24.95 million in capital and operating funding,...
CW Capital Lists 410,000 SQFT Fourth & Blanchard Tower in Seattle’s Belltown, Targeting Roughly $29MM
CW Capital has put Fourth & Blanchard, the 25-story Belltown tower it seized from Martin Selig Real Estate in a courthouse auction last...
Amazon-Backed Acer House Tops Out With 121 Affordable Units in Seattle
Five years after it was pitched as an anti-displacement model for the Central District, Acer House finally has a roofline — and a...
American Tire Distributors Renews 126,000 SQFT in Kent Valley, Its First Big Northwest Bet Since Exiting Bankruptcy
American Tire Distributors has renewed 126,000 square feet at 521 8th Street SW in the Kent Valley, the second-largest industrial lease in the...
Wizards of the Coast Adds 76,000 SQFT at Renton’s Southport, Expanding the Waterfront Complex It Anchored in 2023
Wizards of the Coast has signed a new lease for 76,000 square feet at Southport on Lake Washington in Renton, taking two additional...
