Puget Sound
Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project
The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...
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...
161-Unit Belltown and Queen Anne Multifamily Portfolio in Seattle Hits the Market for Sale
The Sidney and Queen Anne Flats hit the market as investor appetite returns to Seattle's urban core, with the combined offering carrying an...
PMF Investments Sells 35,000 SQFT Homeport Building and 118-Slip Marina Site in Kirkland for $46MM
The trophy Lake Washington waterfront asset cleared a complex disposition shaped by mixed product types, a below-market anchor lease and deferred maintenance —...
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....
AEW Capital Management Sells 75-Bed Senior Living Facility in Seattle for $13MM
The Mercer Island-based operator expands its Puget Sound footprint with the purchase of a 75-bed senior living community in one of Seattle's most...
Auto Accessories Sells Century-Old 23,000 SQFT Capitol Hill Warehouse for $10.1MM in Seattle
The sale of the 1920-era Auto Accessories building on 13th Ave. closes a chapter on one of Capitol Hill's last auto row holdouts...
Bosa Clears Bellevue Strip Mall to Build 143-Unit Park Row Condo Tower Next to Downtown Park
Vancouver-based developer begins demolition on $109MM, 22-story luxury project as Eastside condo inventory swells and pricing softens. Bosa Development has begun tearing down...
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....
