Industry News
Portland Multifamily Market Closes 2025 With Shrinking Pipeline, Improving Vacancy, and $1.76 Billion in Transactions
HFO’s Q4 Marketwatch report finds construction starts at decade-low levels, absorption outpacing deliveries, and institutional buyers re-engaging as the metro positions for a...
Firehouse Subs Targets 11 North Puget Sound Communities in Aggressive Pacific Northwest Push
The fast-casual sandwich brand, now exceeding 1,400 locations nationwide, is actively seeking sites across the Eastside, South King County, and Snohomish County as...
Supreme Court Tariff Ruling Injects Optimism Into South Sound Industrial Market as Vacancy Climbs to 9.8%
Lee & Associates brokers report rising tenant activity in early 2026 amid a structural shift toward Class B product and shorter lease terms...
Cushman & Wakefield Maps Four AI Scenarios for Commercial Real Estate, Warns of Widening Property Bifurcation
The firm’s new econometric framework and AI Impact Barometer offer occupiers and investors a data-driven lens on how artificial intelligence could reshape demand,...
Young Workers Bear the Brunt as Stanford Research Links Accelerating Job Declines to AI Exposure
New analysis from the “Canaries in the Coal Mine” research team finds that jobs most exposed to artificial intelligence are not the same...
Washington Senate Passes Historic 9.9% Income Tax on Millionaires in 27-22 Vote, Sending Shockwaves Through State’s Business Community
SB 6346, dubbed the “Millionaires Tax,” would generate an estimated $3.7 billion annually beginning in 2029, but critics warn the legislation could accelerate...
FA Johnson Development Lists Shovel-Ready 171-Unit Kanepē Apartment Project in Seattle’s Ballard Neighborhood
The fully entitled multifamily development hits the market as a co-GP opportunity amid a sharp contraction in Seattle’s construction pipeline, positioning it to...
Shell’s Savion Acquires Rights to 2-GW Cereza Solar and Storage Project at Hanford Site Near Richland
The sale of one of the nation’s largest planned solar developments comes weeks after Hecate Energy announced a $1.2 billion SPAC deal to...
Bellwether Housing Breaks Ground on 328-Unit Prisma Affordable Housing Project Adjacent to Light Rail in Redmond
The $168.7 million transit-oriented development on Sound Transit surplus land targets deeply affordable units in one of the region’s most expensive corridors Bellwether...
82-Unit Merritt Manor Apartments in Olympia Traded for $19.55MM
(Editor’s Note: According to Thurston County public records, the seller was an entity that shares an address with Grandview Management.) OLYMPIA, Wash. (Feb....
Tesla-Occupied 10,000 SQFT Renton Dealership at 700 S Grady Way Listed for Sale at $6.9MM
The auto showroom and service facility sits on a 2.12-acre lot with 150 parking stalls along one of South King County’s highest-traffic corridors...
Kitsap County Apartment Vacancy Plunges 270 Basis Points as the Puget Sound’s Smallest Market Posts Sharpest Fundamental Improvement
A new Kidder Mathews report finds vacancy fell from 10.9 percent to 8.2 percent during 2025 — the largest decline of any submarket...
