Industry News
Construction Lenders Confront a Shifting Risk Map in 2026 as Data Center Race, PFAS Liability and Permitting Delays Reshape Underwriting
Construction risk has not disappeared from the lending landscape heading into 2026—it has migrated into new territory, from the breakneck data center buildout...
Seattle Cracks Top Five U.S. Downtowns for Stickiness as Portland Lags on Vibrancy, Gensler Finds
Seattle landed among the five most magnetic downtowns in the United States in Gensler's latest global study of urban experience, even as neighboring...
PMB Enlarges 377,442-SQFT Medical Office Plan for Bellevue’s Vanishing Auto Row, Targeting Red Lion Site
San Diego-based healthcare developer PMB has expanded its proposal for a 377,442-square-foot medical office building on Bellevue's rapidly redeveloping Auto Row, filing a...
Docusign Leases 115,000 SQFT at Seattle’s JPMorganChase Center, Abandoning Namesake 999 Third Tower
Docusign will trade its namesake downtown Seattle skyscraper for a tower several blocks away, signing a 115,000-square-foot lease at JPMorganChase Center and dealing...
YWCA Taps Truebeck to Raze Century-Old Belltown Building for 83-Unit Affordable Housing Project in Seattle
The YWCA Seattle | King | Snohomish is preparing to demolish its century-old Lexington-Concord Apartments in Belltown and replace them with a seven-story,...
Primrose School Targets 16,700-SQFT Former Rite Aid at Shoreline’s Ballinger Village for 220-Child Preschool Conversion
A national preschool franchise backed by private equity firm Roark Capital Group has filed plans with the City of Shoreline to transform a...
Portland Construction Costs Rise Just 0.86 Percent in Q1 2026 as Market Trails National Escalation
Portland's nonresidential construction costs increased a modest 0.86 percent in the first quarter of 2026 and 2.55 percent year-over-year—the slowest annual escalation among...
Trade Partners Cut Fees to Win Work as Seattle Construction Costs Rise Just 0.56 Percent in Q1 2026
Seattle nonresidential construction costs rose just 0.56 percent in the first quarter of 2026—the smallest quarterly increase among the eight metropolitan markets Mortenson...
LBA Realty Sells 98,770 SQFT Kent Distribution Warehouse for $19.6MM
A Renton-based private investor has purchased a nearly 99,000 square foot distribution warehouse in Kent's industrial core from an affiliate of LBA Realty,...
City Study Pegged Moda Center Needs at $505MM as Trail Blazers Seek $600MM in Public Funds
A city-commissioned facility assessment found the Moda Center needs $505 million over 20 years to remain operable, well below the $600 million public...
Cantera Group Launches Sales for 100-Unit Terminal One Motor + Yacht Club on Seattle’s Salmon Bay
Chicago brownfield specialist converts a remediated WWII-era fuel terminal in Interbay into a gated collector-garage and superyacht marina community, with first occupancy targeted...
Lakeside School Completes 39,000 SQFT $60MM Vassar Center in Seattle
The $60MM, self-funded T.J. Vassar '68 Center for Sciences and Humanities is the first all-new building on the Seattle private school's campus since...
