Mortenson
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Seattle Nonresidential Construction Costs Post Smallest Quarterly Gain Nationally at 0.3 Percent in Q4 2025
Competitive bidding, reduced activity in office and healthcare, and steady labor supply kept cost escalation at the low end of Mortenson’s eight-market index ...
Downtown Seattle Ranks Second Among Peers in Residential Construction with 3,325 Units Underway
Housing development drives urban recovery as downtown population reaches record 109,845 residents, though building permits fall to historic lows Downtown Seattle’s residential construction...
University of Washington’s New 36,000 SQFT Basketball Training Center is Completed
New Facility Raises the Bar for Athletic Performance Seattle, WA (December 12, 2025) – Gensler, in partnership with the University of Washington, Mortenson,...
Seattle Construction Costs Edge Up 0.88% in Q3 as Market Conditions Stabilize
Mortenson index shows modest regional increases amid easing supply chain pressures and renewed project planning activity, though design pipeline signals caution ahead Seattle’s...
King County Acquires Historic 24,000 SQFT Property in Seattle for $6MM, Plans Conversion to Medical Clinic
Duncan Building purchase part of broader Harborview Medical Center expansion funded by voter-approved bond Historic preservation and modern healthcare needs intersect in Seattle’s...
Swedish Medical Center Halts $900MM Block 95 Tower Development in Seattle Amid Rising Healthcare Costs
Financial pressures force Seattle hospital system to prioritize seismic safety upgrades over expansion plans Swedish Medical Center is putting the brakes on its...
Portland Defies National Construction Cost Surge With Minimal Increases
While construction costs soared across most major U.S. markets in the second quarter, Portland emerged as an unexpected bright spot, posting the nation’s...
Mortenson, Development Partners Celebrate Milestone at 750,000 SQFT North Tower Project on Seattle’s First Hill
The North Tower’s unique steel structural system saves Providence Swedish significant time and budget, and offers flexibility for future modifications in the patient-care environment SEATTLE...
King County, UW Medicine Announce Mortenson and Perkins & Will as Design-Build Team for $1.74B Expansion of Harborview Medical Center
King County and UW Medicine ushered in the next major phase of its long-planned campus expansion for Harborview Medical Center, with the announcement...
Oregon Construction Industry Faces Headwinds After Record Highs
State reports steepest construction job losses nationally as industry grapples with economic uncertainty Oregon’s construction industry, which reached historic employment peaks just over...
Construction Milestone: Swedish Providence North Tower Rises in Seattle’s First Hill
Steel framing has reached the 11th floor of the ambitious $800 million Providence Swedish North Tower project, with completion of the structural phase...
