Seattle
Perkins&Will, Mortenson Tapped for Six-Story Behavioral Health Building at Harborview’s Yesler Terrace Site
Seattle’s safety-net hospital pivots a once-stalled Kaiser Permanente parcel into the centerpiece of a $1.74 billion campus modernization, with construction targeted for 2027....
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...
Blackstone Mortgage Trust Covers Dividend Third Straight Quarter as Platform Pivots Toward Data Centers and Net Lease
The $19.7 billion CRE lender posted a GAAP net loss but distributable earnings cleared the dividend hurdle, signaling that a portfolio reset built...
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...
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...
$220MM Data Center Plan Surfaces on 4.6-Acre Duwamish Site as Seattle Weighs Moratorium
An unnamed developer files plans for a four-story, up-to-320,000-SQFT facility on a former Carlyle cold-storage site, racing ahead of a potential City Hall...
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...
Essex Signals Seattle Apartment Market Poised to Close the Gap with the Bay Area
The West Coast multifamily giant points to dwindling supply, fresh office expansions and improving April leasing data as evidence Seattle’s recovery is underway....
Kraken to Break Ground on $60MM Kirkland Iceplex as Hockey Surge Outstrips Northgate
Public-private deal hands the NHL franchise a 34-year, $1-per-year ground lease on a five-acre Eastside site, opening a second front for a youth...
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...
