Industry News
Terex to Vacate 190,000 SQFT North Bend Plant, Lay Off 117 as Genie Exit Looms
An equipment maker’s consolidation into Redmond and the Southeast frees up a major Snoqualmie Valley industrial complex even as a hot North Bend...
Eight-Story “The Hostess” Banner Lands on 9th & Thomas in Seattle’s South Lake Union Ahead of World Cup
The 36-by-111-foot work by Seattle artist Ernesto Ybarra marks the fifth large-scale banner installed on the Olson Kundig-designed building’s east façade since the...
City of Seattle Clears Design for 170-Unit Woodland Park Apartments Wrapping Fremont Landmark
Bellevue-based Pollard Entities and Redmond-based Legacy Partners win design approval for a project that preserves the historic Shannon & Wilson Building while adding...
Madison Development Group Sells Land Parcel Adjacent to Shops at Richmond Village in Shoreline for $8MM
A Denver-based entity tied to Clarion Partners has acquired the neighborhood center, betting on grocery-anchored stability in a softening Seattle retail market A...
Realty Income Buys 453,000 SQFT, Three-Parcel Warehouse Portfolio in Kent for $98MM
The net-lease REIT doubles down on the Puget Sound’s core distribution hub even as regional industrial vacancy climbs to a multi-year high. A...
$23.6MM DoubleTree Suites Loan Near Seattle Airport Lands in Special Servicing as CMBS Maturity Wall Crashes Hotels
The 219-suite DoubleTree Suites Seattle Airport-Southcenter was transferred to special servicing on May 26, the latest 2016-vintage hotel mortgage to fail a refinancing...
MHR Capital Group Doubles Down on Kennewick with 436-Unit, 642,000 SQFT Residential Phase
The District Residences would layer urban-density housing onto a federally designated Opportunity Zone already anchored by a $47MM AC Hotel by Marriott and...
Seattle Mayor Wilson, King County Executive Zahilay Push to Secure Graham Street Station in ST3 Plan
Seattle and King County leaders are betting a last-minute funding amendment can end 27 years of broken promises for a Rainier Valley transit...
A Shot in the (Life Science) Arm for Puget Sound
Eli Lilly’s $1.5 billion cash deal for Bothell-based Curevo Vaccine is the kind of validating, capital-attracting exit Puget Sound’s life sciences cluster has...
King County Buys 35,800 SQFT Martingale/Neptune Flex Building and Land in Woodinville for $8.9MM
The public acquisition pulls a 35,805-SQFT high-tech office and warehouse property, plus undeveloped land, off a Puget Sound industrial market still working through...
Norwegian Cruise Line Locks In Seattle Through 2035 in Lease Worth Up to $316MM
Port of Seattle commission’s amended agreement ties extension options to decarbonization milestones, signaling how environmental performance is reshaping cruise tenancy in the Pacific...
Commercial Brokers Association Taps Washington REALTORS Veteran Mary Hull-Drury as President and CEO
The Lynnwood-based commercial real estate cooperative hands its top job to a longtime Olympia lobbyist as the Pacific Northwest market navigates record office...
