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Seattle Retail Market Holds Steady in Q1 2026 as Vacancy Creeps Higher and Tenants Grow More Selective

Stable rents and disciplined construction are keeping Puget Sound retail fundamentals intact, but negative net absorption and cautious leasing point to a market...

apartment building
FinanceIndustry NewsResidential

193-Unit College Pointe Apartments in Lacey Hits Market for First Time in 36 Years

Marcus & Millichap markets the original-ownership multifamily complex in one of Washington State’s tightest rental markets, where Thurston County vacancy has hovered near...

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CommercialFeaturedIndustry NewsLeasing

Puget Sound Office Leasing Accelerates to 2.1MM SQFT in Q1 2026 as Availability Falls to Lowest Level Since Late 2024

Savills report finds technology and AI tenants driving demand across core submarkets, with Microsoft, OpenAI, and Puget Sound Energy among the quarter’s largest...

Seattle skyline from Lake Union
FinanceIndustry NewsNews ReleasesResidential

Nordic Partners Investments Buys 79‑Unit John Winthrop Apartments in Seattle’s First Hill for $11MM

(Editor’s Note: According to King County public records, the sales price was $11 million, or about $139,240 per unit.) Seattle, Wash. (March 31,...

Skyline of Bellevue Washington
AECFeaturedIndustry NewsResidential

Bellevue City Council Unanimously Advances 2026-32 Affordable Housing Strategy Targeting 5,700 Units Over Next Decade

Updated seven-year plan replaces 2017 strategy with expanded tools, new revenue sources, and preservation targets as median home prices approach $1.6 million on...

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

Portland City Council Explores Vacancy Fee on Landlords as Downtown Struggles With Record-High Empty Space

Councilors have commissioned a $62,520 study to explore how a long-term vacancy fee might be structured The Portland City Council is exploring whether...

Apartments with Space Needle in the background
FinanceIndustry NewsResidential

Red Tail Acquisitions Buys 115-Unit Exeter House Apartments for $25MM in Seattle’s First Hill

The 1927 property traded at roughly $217,400 per unit, well below comparable recent multifamily sales across Seattle’s urban core. An entity affiliated with...

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AECCommercialFinanceIndustrialIndustry News

G3 Partners Acquires Nine Acres of Overlake Christian Church’s Redmond Campus for $15.5MM

Kirkland-based buyer plans 142,240-square-foot recreation, manufacturing, and office facility on subdivided industrial-zoned parcel along Willows Road NE G3 Partners LLC has purchased a...

Apartment buildings
FeaturedIndustry NewsResidential

Essex Property Trust Reports Steady Growth in Seattle as Declining Supply Pipeline Positions Market for Tighter Conditions

The apartment REIT’s Pacific Northwest portfolio posted 2.8 percent same-property revenue growth in 2025, with the region poised to benefit from a sharp...

Facade of an apartment building
FinanceIndustry NewsResidential

Kennedy Wilson Sells Stake in 204-Unit Equinox Apartments in Seattle’s Eastlake for $44.9MM

The 204-unit Eastlake waterfront apartment complex was jointly acquired by Kennedy Wilson and a partnerfor $90 million in 2016; the partner buyout is...

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AECIndustry NewsResidential

MSR Communities Plans 247-Unit Mountain View Apartments on Former Dumpster Yard Near Canyon Park in Bothell

International homebuilder’s first multifamily rental project spans two phases — a 109-unit, seven-story building and a 138-unit, eight-story building — on a site...

zac-gudakov-ejL8-QT7h64-unsplash-redmond
FinanceIndustry NewsResidential

Bell Partners Acquires 177-Unit Milehouse Apartments in Redmond for $78.5MM from UDR

The Greensboro, N.C.-based multifamily investor continues to expand its Seattle-region portfolio with its acquisition of the downtown Redmond mixed-use apartment community, which UDR...

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