Eastside
Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
Mesirow Financial's value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new...
JB Matteson Sells 134-Unit Langara Apartment Community for $55.1MM in Issaquah
CBRE arranged the sale of 134-unit apartment and townhome communityLangara, a 134-unit garden-style apartment and townhome community called Langara in Issaquah has traded...
Vintage Housing Plans 262-Unit Conversion of 411,000 SQFT Former Microsoft Campus in Issaquah
Vintage Housing has filed plans to convert two vacant former Microsoft office buildings totaling 410,848 square feet in Issaquah into 262 affordable housing...
Pacific Urban Investors Acquires 387-Unit A’Cappella Apartment Homes in Lynnwood for $112MM
CBRE announces $112 million sale of Lynnwood, Washington apartment communityAn affiliate of Pacific Urban Investors has purchased A'Cappella Apartment Homes, a 387-unit community...
Tech Layoffs Drag on Seattle-Area New-Home Demand, D.R. Horton Flags as Q3 Profit Slips
D.R. Horton executives pointed to a wave of software-industry layoffs around Seattle as a leading drag on new-home demand in the Pacific Northwest,...
Bellevue Moves to Rezone Bellevue College Campus With New Institutional District to Unlock Expansion
The City of Bellevue has launched a land use code amendment and legislative rezone that would create a first-of-its-kind Institutional land use district...
Skanska Pushes 12-Story, 205,000 SQFT Mass-Timber Bevel Tower Toward Bellevue Entitlement Finish Line
Skanska has cleared another design and entitlement milestone on Bevel, its planned mass-timber office tower in downtown Bellevue, and is targeting Administrative Design...
Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure
A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound's clearest tests of how far trophy values...
Eastside Office Demand Holds Near 3.7MM SQFT as Databricks and OpenAI Anchor Bellevue’s Flight to Quality
A wave of large lease executions led by Databricks converted years of pent-up requirements into signed deals, yet nearly 3.72 million square feet...
Sterling Realty Lands $27MM Brookfield Refinancing on 105,000 SQFT Mercer Island Office Building
Sterling Realty Organization has refinanced its Class A office building on Mercer Island with a new Brookfield loan, resetting the debt on an...
Bellevue Anchors Puget Sound Office Rebound as Regional Vacancy Climbs to 23.4% in Q2 2026
A widening split defined the Puget Sound office market in the second quarter of 2026, with Bellevue's AI-fueled leasing surge and a thinning...
Bellevue Puts $25MM on the Table for Affordable Housing, Pairing Sales Tax Dollars With $11MM in One-Time Reserves
Bellevue's Office of Housing is soliciting proposals from affordable housing developers and operators for up to $24.95 million in capital and operating funding,...
