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FinanceIndustrialIndustry News

Insite Property Group Buys 81,000 SQFT University Place Self-Storage Asset for $13.7MM

A Southern California buyer has expanded into the Puget Sound self-storage market with the acquisition of a long-established facility in University Place, just...

Apartments with Space Needle in the background
FeaturedIndustry NewsLeasingResidential

Puget Sound Apartment Deal Flow Collapses as Buyers Hold the Line on Pricing

First-quarter transactions fell to 58 across the four-county region, with sales volume down 63 percent from the prior quarter as cap rates pushed...

CommercialFinanceIndustrialIndustry News

Teutsch Partners Sells 1.82-Acre Lakewood Contractor Services Property for $8.4MM

University Place investor lands a contractor supply yard on 26th Avenue South leased to Foundation Building Materials as Pierce County retail tightens A...

arpad-czapp-tvP6pCnq9iI-unsplash-pharmacy
FinanceIndustry NewsResidential

Muckleshoot Indian Tribe Pays $5.5MM for 16,700 SQFT Former Rite Aid at Puyallup’s Canyon Road Corner

A vacated big-box drugstore in Pierce County has changed hands at a price that reflects sustained demand for well-located suburban retail real estate...

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AECCommercialIndustry News

City of Tacoma Files Pre-Application for $13.5MM Replacement Fire Station 7 on 2.27-Acre SERA Campus

The new 13,500-square-foot station at 5801 South Tyler Street will sit on land Tacoma purchased from Parks Tacoma for $870,000 last August, replace...

Maersk trucks with a crane
FeaturedIndustrialIndustry NewsLeasing

Maersk to Shutter 205,000 SQFT Lakewood Warehouse as Puget Sound Industrial Vacancy Hits Record High

The Danish shipping giant will lay off 44 workers on June 30, joining a wave of logistics retrenchment across a Pacific Northwest market...

Aerial View Thea Foss Waterway Tacoma Washington Mt Rainier Visible
FeaturedIndustry NewsResidential

Tacoma Council Sets May 19 Hearing on 2026 Zoning Overhaul as Home in Tacoma Pipeline Swells 62 Percent

City pushes deeper into middle-housing reform with amendments expanding special-needs housing zones, easing childcare rules, and queuing up annexation along McKinley Avenue East....

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AECFinanceIndustry NewsResidential

D.R. Horton Affiliate Acquires Multiple Parcels of Vacant Land in Tacoma for $15.8MM

The nation’s largest homebuilder picks up developable land from Japanese builder Ichijo USA in Pierce County, extending its residential pipeline in the South...

Apartments with Space Needle in the background
FeaturedFinanceIndustry NewsPortlandResidential

Private Capital Tightens Grip on Washington Multifamily as Pierce County Heats Up

A Berkadia Q1 2026 report shows mid-market investors driving deal flow, institutional buyers retreating to scale plays, and a coming delivery cliff setting...

apartment building facade
FeaturedFinanceIndustry NewsResidential

Seattle’s Expense Discipline Pays Off: Essex Cuts Operating Costs 3.4% and Drives 4.9% NOI Growth

The Pacific Northwest delivered Essex Property Trust’s largest expense reduction of any region in Q1 2026, leveraging modest 2.3 percent revenue growth into...

Aerial view of Tacoma
AECFeaturedIndustry NewsResidential

Tacoma’s Missing Middle Bet Pays Off: Permits Jump 39%, Units Surge 62% in First Year of Rezone

Home In Tacoma is producing density gains even as building permits across the broader Seattle-Tacoma-Bellevue region fall 17.3 percent year-over-year — a divergence...

Industrial property with red trucks
FeaturedIndustrialIndustry NewsLeasing

Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion

Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The...

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PNW CRE Rising Stars

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