San Francisco
Fed Delivers Quarter-Point Interest Rate Cut as Possible Further Reduction Hangs in the Balance
With inflation still above target and job growth soft, the FOMC signals a higher bar for another cut while announcing an early end...
Consumer Confidence Falls to 94.6 in October as Job Worries Mount
Third straight monthly decline reflects persistent labor market concerns and rising inflation expectations Americans are growing increasingly uneasy about their economic prospects, with...
Seattle Office Dream Dies: Chinese Developer Gemdale Lists Half-Block Property at 618 John After Abandoning 244,000 SQFT Tower Plan
The sale marks a dramatic reversal for a company that once saw Seattle as a key growth market Three years after unveiling ambitious...
Swift Real Estate Pivots to Residential Play at 425 Pontius as Seattle Office Market Transforms
Three years after buying a South Lake Union building for renovation, the firm faces financial pressure and a radically different plan In 2022,...
Alexandria Real Estate’s Struggles Deepen with Fourth Consecutive Quarterly Loss as Life Science Downturn Continues
Quarterly loss and major asset write-downs signal ongoing challenges for pioneering life science REIT Alexandria Real Estate Equities reported its fourth consecutive quarterly...
Amazon Prepares Its Biggest Workforce Reduction in Years as AI Reshapes Corporate Operations
The e-commerce giant is set to cut up to 30,000 corporate jobs, signaling a shift toward automation and leaner management structures Amazon.com is...
Federal Reserve Faces Murkier Path as September Inflation Data Offers Mixed Signals
Core CPI rises 0.23 percent while government shutdown threatens October data release The Federal Reserve’s approach to interest rates just became more complicated....
BRIDGE Housing Bond Issue Exceeds Expectations, Raising $175MM to Accelerate Development and Acquisition of Affordable Housing
SAN FRANCISCO – BRIDGE Housing, the leading nonprofit affordable housing provider on the West Coast, has closed on $175 million in taxable general obligation...
Blackstone Surges Past Expectations as Real Estate Shows Signs of Life
Private equity giant posts 50 percent earnings jump on record inflows, signaling potential end to property market doldrums Blackstone Inc. delivered a resounding...
Pacific Northwest Venture Scene Struggles as Capital Flows to Bay Area AI Giants
Seattle and Portland startups face toughest fundraising climate in years while California captures 57 percent of US deals The Pacific Northwest’s venture capital...
Holiday Spending Expected to Rise 3.5-4% Despite Consumer Anxiety and Tariff Pressures
Wells Fargo forecast points to decent but below-average retail season as inflation concerns and early shopping reshape traditional patterns American consumers are heading...
Home Builder Confidence Climbs in October as Mortgage Rates Ease to 6.3%
NAHB index rises five points in October, with future sales expectations seeing the largest jump since January The residential construction industry is showing...
