Industry News
$220MM Data Center Plan Surfaces on 4.6-Acre Duwamish Site as Seattle Weighs Moratorium
An unnamed developer files plans for a four-story, up-to-320,000-SQFT facility on a former Carlyle cold-storage site, racing ahead of a potential City Hall...
Amazon Opens 1.75-Acre “Meadow” at Stalled Bellevue 600 Tower 2 Site, Doubling Down on Eastside Footprint
Tech giant transforms paused construction parcel into a public park as Tower 1 build-out continues toward 2027 completion Amazon has converted the dormant...
Equity Residential Bets on Bellevue-Redmond as Seattle Apartment Market Trails San Francisco’s AI Recovery
The REIT’s 8,051-unit Seattle portfolio underperformed in Q1 2026, but executives see Eastside office momentum and migration patterns positioning the metro for a...
Seattle Holds Steady for BXP as Downtown Vacancy Climbs to 36.5%
The largest premier workplace REIT keeps its two-asset Seattle CBD portfolio at 80.7 percent occupied even as the broader downtown market posts the...
Essex Signals Seattle Apartment Market Poised to Close the Gap with the Bay Area
The West Coast multifamily giant points to dwindling supply, fresh office expansions and improving April leasing data as evidence Seattle’s recovery is underway....
Kraken to Break Ground on $60MM Kirkland Iceplex as Hockey Surge Outstrips Northgate
Public-private deal hands the NHL franchise a 34-year, $1-per-year ground lease on a five-acre Eastside site, opening a second front for a youth...
32-Unit The Lime Apartment Complex Trades in Richland for $5.375MM
The 32-unit midcentury apartment complex traded at approximately $168,000 per unit, wrapping up the brokerage team’s multi-asset seller assignment in a Tri-Cities market...
Seattle’s Expense Discipline Pays Off: Essex Cuts Operating Costs 3.4% and Drives 4.9% NOI Growth
The Pacific Northwest delivered Essex Property Trust’s largest expense reduction of any region in Q1 2026, leveraging modest 2.3 percent revenue growth into...
Mennonite Village Closes $86.2MM in Bond Financing for 275-Acre Campus in Albany, Ore.
CHICAGO, IL – APRIL 7, 2026 – Ziegler, a specialty investment bank, is pleased to announce the successful closing of Mennonite Village’s $86,215,000...
LIHI Plans 32-Unit Belmont Tiny House Village on Seattle’s Capitol Hill
The $1.1 million emergency shelter will occupy a cleared lot on Belmont Avenue while the Downtown Emergency Service Center advances plans for a...
Transpacific Investments Lists 80-Unit King James & Kings Gate Apartments in Vancouver, Wash.
The value-add listing arrives as Vancouver’s apartment submarket absorbs more units than any other area in the Portland metro while maintaining below-average vacancy,...
Laurel Property Group Buys 167-Unit Grant Park Village Quimby in Portland for $30.7MM
PORTLAND, Ore., April 27, 2026 — CBRE has arranged the sale of Grant Park Village Quimby, a 167‑unit multifamily community located at 1580...
