Industry News
Stellar Holdings, Selkirk Ridge Buy 4,100 SQFT Bellevue Site for $14.3MM
Office and retail property on Northup Way changes hands in Bellevue, according to King County public records The Bel-Red corridor’s transformation into a...
Strategic Office Partners Lists 82,800 SQFT Portfolio in Beaverton Creek Business Park
Beaverton office and medical campus listing managed by Institutional Property Advisors In a suburban office market still adjusting to post-pandemic demand, owners are...
PacificWRO Leases 18,500 SQFT at Portland’s 5 MLK Building
Office furniture firm relocates to Central Eastside tower amid weak office demand As Portland’s office market adjusts to smaller footprints and cautious tenants,...
Labor Market Wobbles as Unemployment Hits Post-Pandemic High
The U.S. labor market’s struggles intensified in November, with unemployment climbing to its highest level since the pandemic’s end and job growth remaining...
Shutdown-Delayed Jobs Data Predicted to Reveal Federal Layoffs and Rising Unemployment
Shutdown-delayed October data and a November unemployment rate near 4.5 percent could put “maximum employment” at risk As Washington’s budget battles continue to...
Sound Transit Selects Multi-Service Center and Shelter Resources to Develop 230 Units of Affordable Housing in Federal Way
Sound Transit has issued a notice of intent to award to Multi-Service Center (MSC) and Shelter Resources Inc. (SRI) to develop approximately 230...
Terreno Realty Corporation Acquires 121,000 Industrial Property in Tukwila for $27.1MM
BELLEVUE, Wash.– Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an...
American Capital Group Buys 115,555 SQFT Office Building in Redmond from Microsoft for $39MM with Plans for 641-Unit Apartment Complex
By The Registry Staff A decades-old Microsoft office building in Redmond has sold for $39 million, or about $338 per square foot, setting...
September Trade Deficit Narrows to $52.8B on Gold Exports, But GDP Impact Limited by Statistical Treatment
Non-monetary gold accounts for $6.1 billion of $8.8 billion export increase, while capital goods shipments decline $3.3 billion The turbulence in global trade...
Seattle Microhousing Market Shows 92% Occupancy as Construction Pipeline Drops 48% Year Over Year
Average rents slip to $1,037 per unit while occupancy climbs from 91 percent, signaling potential rent growth as new supply dwindles to 691...
Slalom Renews 76,000 SQFT Lease at Seattle Headquarters Through 2034
Consulting firm extends Hawk Tower commitment in Pioneer Square as landlords track signs of stability in a high-vacancy office market As office landlords...
Bellevue’s Auto Row Transforms as American Capital Group Leads Wave of High-Density Housing for Transit Corridor
Bellevue-based company bets big on Wilburton neighborhood as city’s rezoning opens door to thousands of new apartments For decades, a stretch of 116th...
