Industry News
City of Bellevue Proposes 52,000 SQFT Parks Operations Facility in Bridle Trails
The three-building municipal project would replace aging structures and centralize parks maintenance operations near NE 55th Street and 140th Avenue NE In Bellevue,...
Wells Fargo Forecasts Modest Housing Recovery in 2026, but Affordability Remains at Historic Lows
A new Wells Fargo Economics report projects incremental gains in home sales and price appreciation, even as the national home price-to-income ratio remains...
Steel Peak Properties and Tarsadia Investments Target $500MM IOS Portfolio Across Western U.S.
The Encinitas-based firm, founded just two years ago by former brokers, has already acquired 11 properties and is now scaling rapidly with institutional...
LIHI’s $50MM Senior Housing Project Tops Out in North Seattle, Adding 90 Affordable Units to Bitter Lake
The seven-story Passive House development at 12245 Aurora Ave. N. marks the first phase of a two-phase affordable housing plan on the former...
70,000 SQFT Brierwood Park Hits Market as 300-Unit Multifamily Redevelopment Opportunity in Bellevue’s Surging Wilburton Corridor
Land site with two vacant office buildings hits the market as developers race to capitalize on the city’s landmark transit-oriented rezoning Cushman &...
Amazon’s Empty Chairs
By Billy the Broker (I just want to stay anonymous) To put the size of Amazon’s office downsizing in perspective, one of its...
Tourmaline Capital Acquires 43,000 SQFT Harvard Market Shopping Center in Seattle for $14.2MM
The value-add acquisition of the 55 percent-leased retail center on Broadway closes at a 15 percent discount to the sellers’ 2007 purchase price...
Portland’s Temporary Fee Waiver Attracts 1,720 Housing Units as City Targets 5,000 Unit Production Goal
Portland Permitting & Development released its first report on Feb. 27 describing the early results of a new financial incentive, enacted last summer,...
Puget Sound Region Secures $8.4MM in Federal Transit Funding for FIFA World Cup 2026 at Lumen Field
Sound Transit, King County Metro, and Washington State Ferries to coordinate multimodal strategy as Seattle prepares to welcome an estimated 750,000 visitors this...
U.S. Manufacturing Holds Expansion Streak as Prices Paid Surge on Steel, Aluminum, and Tariff Pressures
The ISM manufacturing index posted back-to-back expansionary readings for only the second time since 2022 U.S. manufacturing activity remained in expansion territory for...
Sculptor Capital Acquires 506-Room Portland Marriott Downtown Waterfront for $30MM in Distressed Sale
The landmark waterfront hotel at 1401 S.W. Naito Parkway traded at approximately $59,300 per room — a 64 percent discount from its $82.7...
44-Unit LaScala Apartments in Beaverton Listed for Sale With Assumable $7.48MM Loan at 3.61%
Mixed-use property in downtown Beaverton combines retail income, below-market rents, and fixed-rate financing through 2032 In a market where investors are weighing income...
