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AECFeaturedIndustry NewsResidential

Puget Sound Apartment Developers Shelve Projects as Approved Pipeline Shrinks to 12,931 Units

Puget Sound apartment developers formally shelved a meaningful number of projects over the past year instead of extending permits, shrinking the region's approved...

Washington capitol building in Olympia
FinanceIndustry NewsRetail

Olympia’s Capital Mall Among Five in $437MM Starwood Portfolio Back in Special Servicing

Capital Mall in Olympia is one of five regional malls backing a $436.9 million CMBS loan that tumbled back into special servicing on...

thisisengineering-H4ClLKv3pqw-unsplash-robot
FeaturedIndustrialIndustry News

As Robots Reshape the Built World, Puget Sound’s Warehouses Retool for Machines

A Goldman Sachs Global Institute essay warns that warehouses, kitchens and stores are being re-engineered for robots rather than people, and few regions...

industrial site
FeaturedFinanceIndustrialIndustry NewsLeasing

Puget Sound Industrial Sales Climb 49% to $2.87B Even as Vacancy Holds at 11.8%

Broker Matt McLennan's latest TILT Report finds the Puget Sound industrial market regaining momentum, with investment volume surging and deals closing, even as...

Aerial View of Portland, Oregon at Dusk on a cloudy Day
CommercialFinanceIndustry NewsResidential

Swickard to Acquire 90% Stake in Portland’s 30-Story Park Avenue West

Auto dealership magnate Jeff Swickard is set to take a 90 percent stake in Park Avenue West, averting a foreclosure auction and marking...

View of Seattle skyline at night
CommercialIndustry NewsLeasing

Avenue5 Residential Leases 15,000 SQFT at 90%-Full Two Union Square in Seattle

As Class A asking rents in downtown Seattle slide toward $40 per square foot and direct vacancy holds above 32 percent, Avenue5 Residential...

dylan-vo-kEtocNaz5pE-unsplash-hotel
FinanceHospitalityIndustry News

Chinese Developer Binjiang Offloads Seattle’s 142-Room Sound Hotel for $35MM

A Hangzhou Binjiang Real Estate Group affiliate has cashed out of the boutique hotel it helped build atop Belltown's Arrivé tower, transferring the...

portland skyline with bridges
AECCommercialIndustry NewsPortland

Portland Council Lines Up Albina Vision Trust for 10 City-Owned Rose Quarter Parcels

Portland's council has tied the future of ten publicly owned parcels around the Moda Center to a single nonprofit, starting a 12-month clock...

Seattle skyline from the waterfront
CommercialFeaturedIndustry NewsLeasing

Seattle Sits Out the National Office Occupancy Index Even as Puget Sound Landlords Chase the Same Answer

The most widely cited measure of the American return to office does not track Seattle, leaving Puget Sound owners and lenders to benchmark...

fernando-hernandez-azOupDDldt4-unsplash-tacoma
FinanceIndustrialIndustry News

Beverly Hills Investor Buys DEMGY Pacific’s Tacoma Plant for $9.2MM

Pierce County's tightest industrial vacancy backdrop hasn't stopped a Beverly Hills investor from paying $9.2 million for the Tacoma facility that houses DEMGY...

getty-images-gTA4bkiD2Xw-unsplash-hotel
AECFeaturedFinanceHospitalityIndustry News

Everwild Nordic Spas Hunts Washington Sites, Targeting 80,000 SQFT Urban Buildings and 5-Acre Parcels

First Western Properties has been tapped to source Washington acquisition targets for Everwild Nordic Spas & Hotels, the Basecamp Resorts brand that is...

Portland skyline with the Colubia River
FinanceIndustry NewsPortlandResidential

$7.4MM Permanent Loan Secured to Refinance 70-Unit Treehouse Apartments in Portland

A private real estate investor has refinanced the 70-unit Treehouse Apartments at the doorstep of Oregon Health & Science University's Marquam Hill campus...

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