Unico Retail Property Near Pike Place Market in Seattle Enters Receivership After $14.5MM Default

The collapse of First and Union's occupancy traces to Pike Brewing Company's November 2025 closure of its 30-year flagship taproom, a loss that hit just as second-quarter market reports show downtown Seattle office vacancy still climbing past 35 percent and sublease space at its lowest share since 2018. A downtown Seattle retail property owned by […]