Industry News
Formation Report Finds Seattle Manufacturers Being ‘Priced Out,’ With Factory Jobs Down Nearly 12%
Formation's assessment of Seattle's economy places manufacturing and other traded industries in a 'priced out' category, finding factory firms and jobs have contracted...
The First Footprints in the Snow
AI’s hit to jobs looks like a rounding error—until you see who’s in the oven: gutted call centers and vanishing entry-level work. Narrow...
Onni Group Lands $41.7MM Financing to Advance Long-Delayed Block V Towers in Seattle
Eight years after paying $78.75 million for a pair of Denny Triangle parking lots, Onni Group has landed $41.7 million in financing and...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
AquaSox Warn of Relocation as Everett’s $120MM Stadium Financing Nears Deadline
Everett’s plan to keep its minor league baseball team downtown is colliding with a hard truth about stadium finance: land and design work...
Knights Commit $1.1B to Providence for Oregon’s First Women’s Hospital
Phil and Penny Knight commit $1.1 billion to Providence, funding Oregon's first women's hospital and heart care expansion.
Davis Property & Investment Secures $12MM Refinance for Center Plaza Industrial Park in DuPont
Life-insurance lender Securian Financial backed Davis Property & Investment’s $12 million refinancing of Center Plaza in DuPont, a bet on the multi-tenant industrial...
Wilson Sonsini Plans $5.8MM Build-Out at U.S. Bank Center in Seattle
A city permit shows Wilson Sonsini's $5.8MM build-out on two floors of Seattle's nearly half-vacant U.S. Bank Center.
Nike-Leased Millikan 73 Innovation Center in Beaverton Hits Market at $32.6MM
Newmark markets the Nike-leased Millikan 73 Innovation Center in Beaverton at $32.6MM, a mission-critical Nike Air manufacturing facility.
Hexagon Energy, Weyerhaeuser Strike Deal for 3 GW of Geothermal Potential Across 145,000 Acres
Hexagon Energy leases geothermal rights on 145,000 acres of Weyerhaeuser timberland in Oregon and Washington, targeting 3 GW of clean power.
Formation Report Pinpoints Seattle-Bellevue Tax Gap as Prime Driver of Eastside Office Migration
Formation's assessment of Seattle's economy models a per-engineer tax gap of $10,000 to $30,000 a year between Seattle and neighboring Bellevue, offering a...
Higher-for-Longer Rates End the Cheap-Money Playbook for Puget Sound Real Estate, Economist Ken Rosen Says
The end of a 17-year stretch of near-zero real interest rates will push Puget Sound and Portland investors back to leasing, operations and...
