CBRE
Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees
Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...
Seattle’s 1000 Denny Way Office Loan Heads to Special Servicing Ahead of 2027 Maturity
A $56 million loan secured by the 263,000-square-foot office building at 1000 Denny Way has landed in special servicing weeks before its February...
UCLA Flags Debt Risk Hanging Over the Pacific Northwest’s Data-Center Boom
A September 2026 UCLA Economic Letter warns that the debt financing the AI data-center surge, the same surge that has turned eastern Oregon...
Seattle-Area AI Adoption Climbs Toward 28% as Puget Sound Office Vacancy Holds Near 28%
New federal survey data show businesses across the Seattle metro adopting artificial intelligence faster than the national average, handing the region's battered office...
Higher-for-Longer Rates End the Cheap-Money Playbook for Puget Sound Real Estate, Economist Ken Rosen Says
The end of a 17-year stretch of near-zero real interest rates will push Puget Sound and Portland investors back to leasing, operations and...
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...
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....
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...
As Cap-Rate Compression Ends, Schnitzer Says Operators Will Win Industrial’s Next Cycle
In a wide-ranging podcast interview, longtime Oregon industrial owner Jordan Schnitzer argued that the era of cheap debt and falling cap rates that...
Meta Lists 135,000 SQFT in Seattle and Redmond for Sublease as Washington Retreat Deepens
Meta has placed roughly 135,000 square feet of additional Seattle-area office space on the sublease market, listing space in Seattle's Sodo neighborhood and...
Schnitzer Sees a Smaller, Housing-Led Downtown as Portland’s Path Back
Longtime Portland owner Jordan Schnitzer says the city's downtown must shed a glut of office space and convert to housing and waterfront life...
Washington Ends Data Center Equipment Tax Break as Hardware Nears 93% of Capex
Senate Bill 6231 stripped the sales tax exemption from data center equipment repair and replacement statewide on July 1, landing squarely on the...
