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AECCommercialFinanceIndustry News

Thurston County Opens 56,000 SQFT Sheriff’s Headquarters in Former State Parks Building After $14.25MM Tumwater Buy

A former state agency headquarters near Interstate 5 has become the long-sought single home for Thurston County's law enforcement operations, financed entirely outside...

model houses
AECIndustry NewsResidential

Tumwater Advances $18MM Southeast Water Reservoir to Unlock Residential Growth in Thurston County

The city of Tumwater has pushed its long-planned Southeast Water Reservoir to the 90 percent design mark, a 3-million-gallon tank and multi-mile water...

Washington capitol building in Olympia
FinanceIndustry NewsResidential

$11.1MM Loan Secured for 79-Unit Olympia Apartments

Thurston County's apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year,...

Housing graphic
AECIndustry NewsResidential

Olympia Clears 478-Unit West Bay Yards on Budd Inlet, Denying Environmental Appeal

West Bay Development Group cleared a critical hurdle for its long-planned waterfront redevelopment when Olympia's hearing examiner approved shoreline permits and rejected an...

image of warehouse interior
FinanceIndustrialIndustry NewsLeasing

64,000 SQFT Mottman Industrial Park Property Trades for $18.7MM in Tumwater

A repositioned 64,260-square-foot storage building at Tumwater's Mottman Industrial Park has changed hands for $18.7 million, the largest of four Thurston County industrial...

open sign on a retail door
FeaturedIndustry NewsLeasingRetail

Puget Sound Retail Vacancy Holds Near Record Lows as Absorption Hits Six-Year High

Puget Sound retail landlords kept the upper hand through the first half of 2026 as tight vacancy, muted new construction, and the strongest...

housing graphic
FeaturedIndustry NewsResidential

Washington Inventory Climbs 16.4% as Summer Sales Rebound, NWMLS Reports for June 2026

Buyers across Washington gained their widest selection of homes all year in June 2026 as active listings surged 16.4 percent year over year,...

hard hats
AECIndustry NewsRetail

Lacey’s Meridian Market & Gas Breaks Ground at Willamette and Campus Glen Four Years After Approval

Site work has finally started on a convenience store and fueling station in northeast Lacey whose contentious 2022 approval so inflamed residents that...

warehouse facade
FeaturedIndustrialIndustry NewsLeasing

Greater Puget Sound Industrial Market Logs Negative 1.7MM-SQFT Absorption as Vacancy Settles Near 10 Percent

The Greater Puget Sound industrial market spent the past 12 months hunting for equilibrium, recording negative 1.7 million square feet of net absorption...

Warehouse with trucks
FeaturedFinanceIndustrialIndustry NewsLeasing

Amazon Clears 3.3MM SQFT From South Sound as Vacancy Climbs Toward 10%

One tenant is propping up first-half absorption while the rest of the Puget Sound industrial market waits out a costly, oversupplied cycle. Amazon...

Apartments with Space Needle in the background
FeaturedFinanceIndustry NewsPortlandResidential

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...

Industrial property with red trucks
FeaturedIndustrialIndustry NewsLeasing

Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion

Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The...

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