Industry News
108,000 SQFT Evergreen Goodwill Everett Outlet Sells to Community Transit for $25.35MM
Transit agency to lease back 7.5-acre property at $120,000 per month as it plans for long-term expansion As Snohomish County prepares for continued...
Puget Sound Multifamily Investment Volume Surges 48% to $5.96 Billion in 2025 as Rents Stabilize
Despite a quarter of negative absorption, the Seattle-area apartment market posted nearly $6 billion in annual deal volume and maintained healthy fundamentals heading...
Kilroy Realty’s Renovated West 8th Project Gains Traction in Seattle’s Denny Regrade as REIT Bets on Submarket Recovery
74,000 square feet of new long-term leases signal demand for repositioned assets even as downtown Seattle vacancy hits 35 percent Kilroy Realty Corporation...
Eddie Bauer to Permanently Shutter Seattle SODO Headquarters, Lay Off 60 Workers as Retail Operator Files Chapter 11
The closure of the brand’s corporate office at 2200 First Avenue South caps a turbulent stretch for the 106-year-old outdoor apparel icon, whose...
Kauri Investments Plans 174-Room Hyatt House in Bellevue’s Wilburton Neighborhood
Eight-story extended-stay hotel near light rail station targets 2028 opening following spring 2027 groundbreaking Seattle-based developer Kauri Investments plans to develop a 174-room...
Marugame Udon Targets Six Puget Sound Cities for New Restaurant Locations
The fast-casual Japanese udon chain is searching for 2,000- to 2,400-square-foot spaces across the Eastside and South Sound as it builds on the...
West Coast Leads the Charge as Food Halls Reshape Commercial Real Estate Strategy
From Los Angeles to Seattle, food halls are becoming indispensable asset-value drivers as operators evolve the format with bar-forward programming, entertainment and flexible...
Seattle’s Coworking Footprint Climbs to 3.24MM SQFT Across 167 Locations in Q4 2025
The metro ranks as Washington’s largest flex market and 14th nationally as operators focus on scale and corporate-grade space. Seattle’s coworking sector closed...
Forward Housing Acquires 44-Unit Lilac Lodge Apartments in Seattle for $10MM
The Rainier Valley transaction reflects growing institutional appetite for affordable housing preservation as Seattle’s multifamily market draws record investment capital An entity affiliated...
Wright Runstad and Shorenstein Propose 594-Unit Residential Project on Former Meta Sites at Bellevue’s Spring District
Developers file plans for pair of seven-story apartment buildings as 36-acre transit-oriented neighborhood pivots from tech campus vision to housing hub Wright Runstad...
Eastside Office Market Enters 2026 With 4.3MM SQFT in Active Tenant Demand as Recovery Takes Hold
Sublease vacancy drops to its lowest point since early 2022 while big tech recommits to in-office presence across the Bellevue CBD and surrounding...
Three Japanese Firms and Trammell Crow Residential Break Ground on 388-Unit Alexan Eastgate Apartment Project in Bellevue
The eight-story hybrid wood-and-concrete structure in Bellevue’s Eastgate neighborhood marks the eighth collaboration between Sumitomo Forestry and TCR, with leasing slated for December...
