Lacey
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...
Amazon Clears 3.3MM SQFT From South Sound as Vacancy Climbs Toward 10%
One tenant is propping up first-half absorption while the rest of the Puget Sound industrial market waits out a costly, oversupplied cycle. Amazon...
Washington Construction Payrolls Stall as Seattle-Tacoma-Bellevue Sheds 2,200 Jobs
Statewide employment held flat at 214,600 in March even as the Puget Sound’s largest metro continued a year-long contraction, deepening regional concerns about...
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...
Trader Joe’s-Anchored 360,040 SQFT South Sound Center in Lacey Hits Market on Best-Offer Basis
The regionally dominant retail hub draws approximately 5 million annual visits, with Target shadow-anchoring and significant leasing and redevelopment upside across its 30.84-acre...
Supreme Court Tariff Ruling Injects Optimism Into South Sound Industrial Market as Vacancy Climbs to 9.8%
Lee & Associates brokers report rising tenant activity in early 2026 amid a structural shift toward Class B product and shorter lease terms...
