Industry News
AI Workforce Disruption Poses Existential Risk to Office Space Demand in Knowledge Economy
Research reveals theoretical replacement capacity far exceeds current adoption, but future commercial real estate contraction looms if automation accelerates Anthropic’s latest research mapping...
Historic Timber Discovery Drives Construction Delays for James Beard Public Market
Downtown Portland’s highly anticipated culinary destination faces extended timeline as developer embraces century-old architectural heritage The construction of Portland’s James Beard Public Market,...
Security Properties Exits Property Management Business with Plans to Transfer Pacific Northwest Assets to Bozzuto
Security Properties Selects Bozzuto as Primary Property Management Provider Seattle, WA [March 17, 2026] Security Properties, the leading real estate investment firm in...
Sound Transit Confronts $35 Billion Budget Gap Threatening Voter-Approved Light Rail Expansion Across Puget Sound
The regional transit agency is pursuing an agency-wide cost-cutting initiative as inflation and rising construction expenses jeopardize the $53.8 billion ST3 plan approved...
Pacific Science Center Sells Northeast Campus Corner in Seattle, Including Boeing IMAX Theater, for $17.25MM
The deal covers less than 25 percent of PacSci’s campus and will fund urgently needed infrastructure upgrades to the landmark 1962 World’s Fair...
Consumer Spending Shows Early Signs of Caution as Income Strength Meets Emerging Headwinds
A modest gain in January spending masks slowing discretionary activity, while rising gasoline prices tied to the Iran conflict threaten to weigh on...
Mercy Housing and Lake City Collective Advance Developments Bringing 112 Affordable Units and Multicultural Resilience Center to Seattle
The paired developments — one a first-of-its-kind city partnership co-locating affordable housing atop a public community center, the other a BIPOC-led cultural hub...
Pacific NW Properties Secures $12MM Permanent Refinance for 192,000 SQFT Industrial Property in Hillsboro
Pair of Hillsboro Buildings Strategically Located for Regional Logistics and Smaller Space Users on Highway 26; Life Company Loan Offers Attractive Fixed Rate...
Seattle Life Science Vacancy Climbs to 22.8% as More Than 500,000 SQFT of New Product Delivers
Two major projects enter Greater Seattle’s lab market in 2025 with moderate preleasing as NIH and venture capital funding both decline year over...
Oregon Lawmakers Approve $2.1MM to Acquire 180-Acre Abiqua Falls Property Near Silverton
The bipartisan deal secures a beloved 92-foot waterfall listed on Redfin, but state park officials warn that millions more will be needed to...
Clarion Partners Sells 72,000 SQFT West Valley Distribution Center in Kent for $16.5MM
Los Angeles-based investment manager exits fully leased industrial asset at approximately $229 per square foot, realizing a 39 percent gain over its 2018...
Multifamily Surge Lifts January Housing Starts But Falling Permits Signal Sluggish Outlook
A 29.9 percent jump in multifamily starts masked underlying weakness in single-family construction, with total permits declining 5.8 percent year-over-year to open 2026...
