South Sound
Pierce County’s Multifamily Market Hits the Brakes as Developers Await Better Times
With only 2 percent of inventory under construction, Washington’s second-largest county sees development activity stalled in planning stages despite strong long-term demand signals...
Nearon Enterprises Buys 72-Unit Briggs Village in Olympia for $18.3MM
(Editor’s Note: According to industry reports, the sales price was $18.3 million, or approximately $254,166 per unit.) OLYMPIA, Wash., July 21, 2025 – Institutional...
Puget Sound Industrial Market Softens, but Leasing Momentum Remains in Select Submarkets
The Puget Sound industrial market entered a recalibration phase in Q2 2025, as rising vacancy and negative net absorption reflected shifting tenant demand...
28,500 SQFT Office Building in Downtown Tacoma Trades in Off-Market Deal for $2.7MM
June 25, 2025 (Tacoma, WA) – Lee & Associates is pleased to have brokered the off-market acquisition of 1142 Broadway located in Tacoma,...
Fox Island Buyer Acquires 42-Unit Arrowhead Park Multifamily Property in Lakewood for $7.27MM
Arrowhead Park, a 42-unit multifamily community located at 10724 109th St. SW in Lakewood, has been sold for $7.27 million, or roughly $173,000...
Rally Pickleball Club Converts Industrial Space to Recreational in Auburn with 43,959 SQFT Lease
Tacoma, Wash. (May 5, 2025) – Rally Pickleball Club, a new indoor pickleball facility, has signed a lease for 43,959 square feet of...
South Sound Industrial Market Navigates Rising Costs, Trade Shifts, and Evolving Tenant Demand
The South Sound industrial real estate market is entering a period of transition, shaped by evolving economic conditions, shifting tenant preferences, and the...
Incremental Gains in South Sound Industrial Market as Rents and Sale Prices Edge Upward
The South Sound industrial market, which encompasses South King, Pierce, Thurston, Lewis, and Cowlitz Counties, continues to demonstrate resilience and growth, according to...
Two Development Sites in South Sound Reduce Pricing to $6,690,000
Two premier development sites in the Puget Sound region—one in the Des Moines Marina District and another in downtown Tacoma—have been repriced, offering...
Hobby Lobby Closes 61,500 SQFT Store in Tacoma Central Shopping Mall
By The Registry Staff Arts and crafts retailer Hobby Lobby has closed its store in the Tacoma Central shopping center earlier this month....
REDCO Development, Blackbird Investment Group Acquire 7.4-Acre Industrial Site in Puyallup for $6.3MM
Bay Area-based REDCO Development in partnership with Blackbird Investment Group, has successfully acquired an off market 7.4-acre industrial outdoor storage yard located at...
Two Multifamily Projects in South Sound Face Foreclosure on $36MM of Combined Loans
By The Registry Staff The fate of two multifamily developments in the Puget Sound area hangs in the balance as they approach a...
