Lacey
Space and Defense Tenants Absorb 697,000 SQFT as South Sound Industrial Vacancy Holds at 9.8%
Lee & Associates' September 2026 South Sound industrial report shows vacancy holding at 9.8 percent and rents edging higher as aerospace and defense...
Tacoma Wins $70,000 State Grant to Audit Housing Rules, Targeting Permit Resubmittals That Slow Construction
Tacoma will hire an independent consultant to review its residential development regulations, after its own permit data showed that repeated rounds of corrections,...
125-Unit Chambers Reserve Build-to-Rent Townhome Community in Lacey Sells for $53MM
The newly built Lacey community of three- and four-bedroom townhomes sold for about $424,000 per unit, roughly 53 percent above the Puget Sound...
Thurston County Approves $24.6MM Contract to Move Lacey Waste Center Off Settling Landfill
Thurston County approved a $24.6 million design-build contract with Forma Construction and TCF Architecture to reconfigure its Lacey Waste and Recovery Center.
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Tourmaline Capital Acquires 384,000 SQFT South Sound Center in Lacey for $44.1MM
Tourmaline Capital paid $44.1 million for the Trader Joe's-anchored Lacey shopping center, ending Capital Development Company's roughly 60-year ownership and betting that Puget...
Lacey’s 54,000 SQFT Martin Way Business Park Trades for $9.1MM After Two-Week Bidding War
A Lacey flex-industrial park drew a bidding war and closed all-cash in under two weeks, a reminder that scarce, well-maintained South Sound product...
Rise Development Files Plans for 54-Unit Parkside Place Townhome Subdivision in Lacey
A developer known as Rise Development LLC has applied to rezone a 5.83-acre former school-and-church site in Lacey and subdivide it into 54...
Thurston County Opens 56,000 SQFT Sheriff’s Headquarters in Former State Parks Building After $14.25MM Tumwater Buy
A former state agency headquarters near Interstate 5 has become the long-sought single home for Thurston County's law enforcement operations, financed entirely outside...
$11.1MM Loan Secured for 79-Unit Olympia Apartments
Thurston County's apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year,...
Lacey’s Meridian Market & Gas Breaks Ground at Willamette and Campus Glen Four Years After Approval
Site work has finally started on a convenience store and fueling station in northeast Lacey whose contentious 2022 approval so inflamed residents that...
Jet’s Pizza Hunts 1,400-1,800 SQFT Retail Sites Across 11 Washington Markets in Puget Sound Push
Detroit-style chain Jet's Pizza is scouting inline and end-cap retail space in roughly a dozen Washington submarkets, deploying a compact off-premise format that...
