Industry News
Taylor Morrison Sells 424-Unit West End District in Beaverton for $85.25MM
Grand Peaks and PCCP pay $201,000 per unit for the 424-unit Beaverton community, a premium to Portland’s metro average as Taylor Morrison exits....
Hudson Pacific Bets on Seattle Leasing to Fill 546,000 SQFT Tower as Dividend Stays Suspended
The West Coast office landlord has withheld its common dividend since September 2024, and its push to lease a half-million-square-foot Denny Triangle tower...
Prosper Portland Moves to Buy 30-Unit Concordia Apartments for $7.2MM
Portland’s economic development agency is preparing to become a landlord for the first time under a new strategy aimed at keeping newer, well-maintained...
Helion Energy Leases 15,000 SQFT at Seattle’s 8th & Olive as Headcount Hits 800
A fusion energy startup that has grown tenfold in four years is planting its first flag in downtown Seattle, adding office space in...
Harborview Unveils 226,000 SQFT Medical Office Plan for Yesler Terrace
Design review documents for Harborview’s 9th and Alder site now call for a six-level underground garage topped by a seven-story medical office building,...
Dermody Completes 535,000 SQFT Industrial Project in Frederickson, Formerly Pallis’ Canyon Point Center
A 535,000-square-foot speculative industrial project in Frederickson appears to have wrapped construction, though Dermody Properties has yet to formally announce the delivery of...
Avenue5 Residential Leases 15,000 SQFT at 90%-Full Two Union Square in Seattle
As Class A asking rents in downtown Seattle slide toward $40 per square foot and direct vacancy holds above 32 percent, Avenue5 Residential...
Clise Properties Recruits CFO Benjamin Freeburg From Embattled Martin Selig Real Estate
Clise Properties, the 137-year-old Seattle landlord that helped shape the Denny Triangle, has hired Benjamin Freeburg as chief financial officer, drawing a senior...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
Rivian Micromobility Spinoff Also Lands 17,000 SQFT Office and Retail Hub in Seattle’s North Lake Union, Backfilling Overland AI
The electric micromobility company spun out of Rivian has quietly established its first major beachhead outside Silicon Valley at Seattle's Blue Rooster Building...
Washington’s Labor Force Participation Sinks to Near 50-Year Low as Productivity Leads the Nation
Newly released federal labor data shows Washington's share of working-age residents holding or seeking work has slipped to 62.1 percent, among the lowest...
APANO, Our Just Future Open $58.5MM, 124-Unit Legin Commons on PCC’s Southeast Portland Campus
A coalition of APANO, Our Just Future and Edlen & Co. cut the ribbon on Legin Commons, a 124-unit affordable housing community on...
