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Skyline of Portland, Oregon
AECIndustry NewsPortlandResidential

Mercy Housing Northwest Plans 158 Affordable Units on Former ESCO Site in Portland

Mercy Housing Northwest's two-phase filing for family-sized apartments on Northwest Portland's former ESCO site tests whether the city's years-long push to rezone industrial...

View of lake Sammamish and Issaquah from Poo Poo Point
FinanceIndustry NewsResidential

Nuveen Sells 204-Unit Boulder Creek Apartments for $102MM in Sammamish

CBRE arranged the sale of Boulder Creek to Boston-based TARR Boulder Creek LLC at a per-unit price well above a comparable 2024 Sammamish...

portland skyline
FeaturedIndustry NewsLeasingPortlandResidential

Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units

Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...

Apartment building with a pink background
AECFeaturedIndustry NewsPortlandResidential

Portland Apartment Pipeline Contracts to 1,953 Units as 2026 Completions Head for 56% Drop

Northmarq's latest research shows Portland's apartment development pipeline has fallen below 2,000 units after three years of contraction, and the firm expects that...

Apartment buildings
FeaturedIndustry NewsResidential

Seattle’s Apartment Boom Skipped Families, With Only 14.5% of Rentals Offering Three or More Bedrooms

A Berkadia analysis of Seattle's rental stock finds the metro has spent its building cycle on studios and one-bedrooms, leaving renter families to...

sandra-seitamaa-WvbNzomZtlg-unsplash-portland
FeaturedFinanceIndustry NewsPortlandResidential

1990s-Vintage Apartments Drive More Than a Third of Portland Sales as Median Price Slides 13% to $183,800 per Unit

Portland multifamily investors spent the first quarter rotating hard into 1990s-built product, much of it changing hands below what the same assets fetched...

Seattle skyline from Lake Union
FinanceIndustry NewsResidentialRetail

Sequel Investment Company, Evergreen Gavekal Pay $35.05MM for 95-Unit East Howe Steps in Seattle’s Eastlake

IPA brokers the $35.05MM sale of East Howe Steps, a 95-unit mixed-use Eastlake apartment complex, and arranges acquisition financing.

Gemdale USA, Skyglass, Seattle, King County, New York City, San Francisco, Dallas, Pasadena, First Hill, Roundhouse, ICONIQ Capital, Puget Sound
FinanceIndustry NewsPortlandResidential

Fourth Avenue Capital Buys 87-Unit Steppe Apartments in Bend for $20MM

CBRE brokered the sale of a brand-new, 87-unit apartment community in Bend, Oregon at a per-unit price below what a similar Bend property...

Rendering of apartment building design
AECIndustry NewsResidential

279-Unit Apartment Project Proposal Seeks Approval in Bellevue

A request to build 13 feet above Bellevue’s 70-foot height limit would let the SE 8th Street project reach 279 units, with roughly...

Aerial View of Portland, Oregon at Dusk on a cloudy Day
FinanceIndustry NewsPortlandResidential

Trinity Property Consultants Buys 46-Unit Brooklyn Yard Apartments in Portland for $6.3MM

The deal pencils to roughly $136,400 per unit, well below both of the two most-cited averages for the Portland apartment market, extending a...

Low angle view of a modern style business building, with lots of windows on a sunny, cloudy day
AECIndustry NewsResidential

BIG Management Delivers 24-Unit Big 1410 Apartments on Seattle’s Capitol Hill

Developer BIG Management and architect Public47 have replaced an 11-unit Capitol Hill building with a 24-unit apartment project designed around open-air light courts...

Skyline of Bellevue Washington
AECIndustry NewsResidential

Wallace Properties Files Design Review for 445-Unit East Phase of Bellevue North

The filing would replace a retail shopping center with two residential towers and ground-level commercial space near Bellevue's downtown core. Wallace Properties has...

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