Puget Sound
AvalonBay’s Seattle Residential Portfolio Slips 0.2% as Job Growth Stalls
The Pacific Northwest market underperformed AvalonBay’s expectations in Q1 2026, with concessions still elevated and no new development in the pipeline. Seattle stood...
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...
Kirkland Investor Sells 25-Unit Avellino Apartments on Mercer Island for $10.8MM
Mixed-use apartment building trades at $432,000 per unit in rare island transaction, reflecting the scarcity premium that Mercer Island’s constrained multifamily inventory commands...
Bellevue Locks In 5,700-Unit Affordable Housing Target as Eastside Tech Boom Strains Market
The seven-year strategy more than doubles the city’s previous goal as record corporate leasing collides with rising rents and a regional construction slowdown....
Spokane Indian Housing Authority Acquires 200-Unit Waterford Apartments in Everett for $53.3MM
The Wellpinit-based tribal housing entity acquired its fourth western Washington apartment complex in under a year, bringing its total deployment to approximately $285...
Chicko Chicken to Open 1,659 SQFT Location at Terrace Village Shopping Center in Mountlake Terrace
Seattle, Wash. (April 29, 2026) – Chicko Chicken, a quick-service franchise specializing in authentic Korean-style fried chicken, has leased 1,659 square feet at...
Amazon Opens 1.75-Acre “Meadow” at Stalled Bellevue 600 Tower 2 Site, Doubling Down on Eastside Footprint
Tech giant transforms paused construction parcel into a public park as Tower 1 build-out continues toward 2027 completion Amazon has converted the dormant...
Equity Residential Bets on Bellevue-Redmond as Seattle Apartment Market Trails San Francisco’s AI Recovery
The REIT’s 8,051-unit Seattle portfolio underperformed in Q1 2026, but executives see Eastside office momentum and migration patterns positioning the metro for a...
Seattle Holds Steady for BXP as Downtown Vacancy Climbs to 36.5%
The largest premier workplace REIT keeps its two-asset Seattle CBD portfolio at 80.7 percent occupied even as the broader downtown market posts the...
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...
LIHI Plans 32-Unit Belmont Tiny House Village on Seattle’s Capitol Hill
The $1.1 million emergency shelter will occupy a cleared lot on Belmont Avenue while the Downtown Emergency Service Center advances plans for a...
Pacific Urban Tests Eastside Multifamily Demand With Listing of 180-Unit Knoll Redmond
Palo Alto investor takes Microsoft-adjacent garden community to market three years after $71.3MM acquisition, betting on tech-driven Eastside fundamentals as regional sales volume...
