Lee & Associates
Centerforce Buys Historic Bone Dry Shoe Building for $2.495MM as New Tacoma Headquarters
Centerforce Establishes Tacoma Headquarters with Purchase of Historic Bone Dry Shoe Building July 15, 2026 (Tacoma, WA) – Centerforce has acquired the historic...
American Capital Group Plans 378-Unit Apartment Project at Bellevue’s Brierwood Center Near Light Rail
American Capital Group’s design-review filing turns a 1960s retail strip into the latest bet on Wilburton’s transit-driven housing boom, joining more than 2,300...
73,000 SQFT Read Products Interbay Industrial Property in Seattle Hits Market With 400,000 SQFT Development Upside
A Seattle ownership entity tied to Mark Revere’s fourth-generation packaging company has brought two long-held Interbay industrial buildings to market for the first...
Lee & Associates Pacific Northwest Taps Developer Scott Hutchinson as President, Bowles Moves to Executive Managing Director
Lee & Associates Pacific Northwest has installed developer and operator Scott Hutchinson as its new president, handing day-to-day command of its Washington brokerage...
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...
Pacific Northwest Office Vacancy Eases to 16.79% as Tech Tenants Drive Q1 2026 Leasing Surge
OpenAI, Uber, Meta and General Motors anchored a quarter of large deals across Seattle and Bellevue as conversions thin the obsolete stock Leasing...
64-Unit Silverwood Park in Des Moines Trades for $10MM, Headed for Affordable Housing
A transit-adjacent apartment community near the Kent Des Moines light rail station has changed hands in a deal structured to preserve it as...
CMS Leases 84,800 SQFT Warehouse at Tarragon-Owned Sumner Building
A transportation and warehousing firm has committed to one of the larger blocks of industrial space leased across Puget Sound in the first...
Nordstrom Rack Lands 25,000 SQFT Kennewick Store at Tri-Cities Center
The off-price retailer joins Burlington at the BPG Investments-owned plaza, anchoring a soft-goods repositioning in the Tri-Cities. Nordstrom Rack has leased 25,000 square...
Pacific Northwest Multifamily Absorption Sinks to Multi-Year Low as Investors Hunt for 2019-Era Pricing
Lee & Associates Q1 2026 report shows transaction volume rebounding even as demand cools, with a thin construction pipeline setting the stage for...
Crunch Fitness Clinches 42,000 SQFT Tacoma Lease at Tahoma Vista
The fitness chain backfills a vacated big-box space at the Rhino Investments-owned center, extending its expansion across Washington. Crunch Fitness has secured a...
Puget Sound Industrial Market Deepens Its Recalibration as Vacancy Pushes Toward 10%
Negative absorption widened and construction slowed sharply in the first quarter, handing tenants the upper hand across one of the West Coast’s largest...
