Prologis
New Supply, Not Lost Tenants, Drove Puget Sound Industrial Vacancy to 12% as Pipeline Shrinks 74%
The Puget Sound's industrial vacancy rate nearly tripled from 4.3 percent to 12.0 percent over roughly four years, but CBRE's latest numbers show...
Blue Origin Leases Full 266,000 SQFT Prologis Park SeaTac 3 in Des Moines, Filling Prologis’ Des Moines Creek Portfolio
The deal removes about 266,000 square feet of large-format space from the market as speculative construction slows and leasing in the region rises...
Prologis Runs Seattle Portfolio at 97.7% Occupancy as Puget Sound Industrial Vacancy Climbs to 12%
Prologis declared that excess warehouse capacity has largely cleared nationwide, but its third-quarter results arrive as Puget Sound vacancy keeps climbing and a...
Aerospace and Defense Tenants Take 788,000 SQFT as Space Economy Fills Puget Sound Industrial Space
Shield AI, Cowboy Space and an unnamed aerospace company together committed to roughly 788,000 square feet of Puget Sound industrial space in the...
Undisclosed Tenant Takes 55,000 SQFT on Kent’s 87th Avenue South as Mid-Size Industrial Space Outperforms Big Boxes
An undisclosed tenant has leased 55,200 square feet at 19820-20024 87th Ave. S. in Kent, a mid-size Kent Valley commitment in a size...
Pacific Industrial Taps Link Logistics Veteran Bud Pharris as CEO to Drive Western U.S. Expansion
Long Beach-based developer Pacific Industrial has hired Bud Pharris, who ran Blackstone-owned Link Logistics' nine-market West Region, as chief executive officer to steer...
Vancouver Puts “Fruit Valley for All” Before Planning Commission as City Reworks Plan for Industrial West-Side Neighborhood
Vancouver's Equitable Development planners will brief the Planning Commission on Oct. 13 about Fruit Valley for All, the city's effort to rewrite the...
Prologis Data Center Starts Reach $2.1 Billion as Power Pipeline Climbs to 5.8 Gigawatts
Prologis is rapidly scaling two businesses born from its logistics platform — data centers and energy — with data center development already exceeding...
Prologis Flags Seattle as Its Softest Logistics Market as National Warehouse Recovery Accelerates
Even as Prologis declared the industrial property cycle firmly in a new phase of growth, executives singled out Seattle as the softest of...
Puget Sound Industrial Vacancy Climbs Across All Submarkets, But Deal Flow Signals Tenants Have Stopped Waiting
Vacancy rates rose across South Seattle, Greater King County and Pierce County in the latest 60-day reading of the Puget Sound industrial market,...
Carlyle Group Doubles Down on 320,000 SQFT Duwamish Data Center, Testing Seattle’s Fresh Moratorium
The Carlyle Group has nearly doubled the scale of its proposed data center at 3625 First Ave. S. in Seattle's Duwamish industrial corridor,...
Digital Realty Advances 380,000 SQFT Data Center Plan at 301 Virginia in Seattle as Council Moratorium Looms
A new construction permit filing lists the Texas-based REIT as owner of the former Bed Bath & Beyond property, even as the Seattle...
