What happened, and who moved.
66 items
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Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital, has acquired a recently delivered biomanufacturing facility at 215 Shuksan Way in Everett, Washington, just outside of Seattle. The joint venture acquired the 270,000-square-foot property for $78 million from its second life science…

The Port of Seattle Commission has approved initial funding for a $2.5 billion renovation of Seattle-Tacoma International Airport’s S Concourse, with major construction scheduled to begin in 2027 and continue through 2034. Commissioners authorized $1.1 billion to fund the project through 2029. The commission will…

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles… The post Mesa West Capital Originates $52M ReFi for Sumner Mill in Metro Seattle appeared first on Multifamily &…

A forestland fund managed by RMS acquired a $145 million timberland portfolio from Rayonier in the Pacific Northwest region.

Steel Peak has acquired an industrial outdoor storage (IOS) property located at 1031 4th Avenue North in Kent, Washington, for $9 million. This is Steel Peak’s fourth IOS property acquisition in the Seattle area in the past 12 months and 15th overall. Will Schmidt of CBRE represented Steel Peak in its acquisition.…

A Seattle apartment building with a history tied to the World’s Fair traded hands in the buyer’s biggest deal yet. Bellevue-based Nordic Partners Investments bought the 107-unit property at 415 Boren Avenue in First Hill for $14.4 million, the Puget Sound Business Journal reported. The acquisition is the largest to…

Cushman & Wakefield has arranged a $107 million refinancing for 255 South King Street, a mixed-use property located in Seattle. Dave Karson, Chris Moyer and Chris Meloni of Cushman & Wakefield arranged the transaction on behalf of an affiliate of Steinhauer Properties, the borrower. Stoneway Capital originated the…

A Bellevue-based real estate company has acquired an apartment complex in Seattle.
An apartment complex in Sumner received a $52 million refinance loan.
A Washington state city enacted a data center ban in response to proposed development, raising questions about enforcement and future projects.

Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd…

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles…

Gantry has secured a $14.6 million construction-to-permanent loan for the Milano Issaquah Apartments, planned for delivery at 2300 Newport Way NW in Issaquah, just east of Seattle, Washington. Strategically located within the Central Issaquah Plan Area near major local employers, including Costco’s global…
Nordstrom Rack has signed a 22,000-square-foot lease in Wellington, Fla., the Seattle-based retailer announced Thursday. Nordstrom Rack is the discount concept run by Nordstrom. The new store, set to open in spring 2027, will be at The Shoppes at Isla Verde at 800-1020 South State Road 7. Other tenants include Best…
Timberlane Partners has secured $52 million to refinance Sumner Mill Apartments, a 162-unit multifamily community outside of Seattle and Tacoma, Wash., Commercial Observer can first report. Mesa West provided the debt, structured as a short-term, first-mortgage loan, while BWE’s Jake Roberts arranged the…

BXP announced the signing of an approximately 112,000-square-foot, 10-year lease renewal with Davis Wright Tremaine LLP (DWT), a national law firm, at Madison Center, a 760,000-square-foot workplace in downtown Seattle. DWT’s renewal comprises the entirety of floors 29 through 33. DWT was represented by Michael…

SEATTLE — Nordic Real Estate has acquired Monticello, a 107-unit community at 415 Boren Ave. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews… The post Nordic Real Estate Buys Monticello in Seattle’s First Hill appeared first on Multifamily & Affordable Housing…

Monticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. Built in 1957, Monticello spans 42,342 net rentable square feet across 107 units in the heart of Seattle’s urban core. The off-market acquisition drew multiple…

SEATTLE — Nordic Partners Investments has acquired Monticello, a 107-unit apartment property located at 415 Boren Ave. in Seattle’s First Hill neighborhood, for an undisclosed price. Built in 1957, Monticello spans 42,342 net rentable square feet. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon…

Cushman & Wakefield has arranged the sale of a 782,775 square-foot industrial facility located in Frederickson, Washington. The property is fully leased to Harbor Freight Tools and has an average weighted lease term of 8.8 years, making it a core investment opportunity in the Seattle-Tacoma industrial market. The…

A Bothell-based life sciences company was acquired by a Massachusetts firm in a $1.5 billion transaction.

An out-of-state investor made its Washington debut with a $45 million multifamily acquisition in Greater Seattle. Reno, Nevada-based Oso Capital Advisors purchased the 198-unit Bower Village apartment complex in Kent, the Puget Sound Business Journal reported. An affiliate of Canadian real estate investment trust…

Skanska advances plans for 12-story mass timber office tower in Downtown Bellevue Steven Sharp Tue, 07/28/2026 - 06:15 Skanska is moving forward with plans for a new mass timber office tower in Downtown Bellevue , the company announced earlier this month. Bevel, which would rise from a corner lot at 870 106th…

Vulcan Real Estate announced that Coffee TAB, a nonprofit coffee shop and workforce development program, is opening this summer at 23rd & Jackson in Seattle’s central area. The location will activate the northeast corner storefront at 23rd & Jackson, owned by Vulcan Real Estate. With locations in Belltown and…

Bridge Logistics Properties announced the acquisition of 6920 192nd Street, a 782,775-square-foot distribution facility located in Frederickson, Washington, within the Seattle-Tacoma metro area. The transaction marks BLP’s largest acquisition in the Seattle market to date, further establishing its presence in the…

Seattle Opens $110 Million Funding Round for Affordable Housing Development Steven Sharp Mon, 07/27/2026 - 06:15 Seattle's Office of Housing has announced a new funding round that will provide at least $110 million for the construction, preservation, and acquisition of income-restricted rental housing. The 2026…

A nine-unit apartment complex in Wenatchee, Washington, has sold for $1.85 million. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller. Located at 475 N. Elliott Avenue, the 6,444-square-foot property was built in 2015 and…

FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial…
Spokane County Democrats have proposed a temporary moratorium on data center development, reflecting growing local regulatory scrutiny of the sector.
Office property valuations in Bellevue have declined sharply amid rising vacancy, signaling broader challenges in the Seattle-area office market.

AUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The…

330,000sf senior housing complex breaks ground in Issaquah Steven Sharp Mon, 06/15/2026 - 17:14 A groundbreaking ceremony earlier this month marked the start of work on a new senior living campus in Issaquah. A joint venture between PMB and The Springs Living, the project will be known as the The Springs Living at…

Non-profit developer to convert Everett's Latitutde Apartments to affordable housing Steven Sharp Wed, 06/10/2026 - 15:59 Non-profit development firm Bridge Housing has announced its second acquisition in the Seattle area - the Latitude Apartments in Everett. The San Francisco-based developer, which had financial…

214 homes planned for 1200 116th Ave. NE in Bellevue Steven Sharp Thu, 05/14/2026 - 07:06 Trammell Crow Company subsidiary High Street Residential has unveiled plans with MetLife Investment Management for a new multifamily residential development in Bellevue. The project, which would be located at 1200 116th Ave.…

Construction begins for 351-unit development at 11040 Main St. in Bellevue Steven Sharp Tue, 03/24/2026 - 06:15 Trammell Crow Company subsidiary High Street Residential has commenced work on a new multifamily residential development near the East Main Link light rail stop in Bellevue. Verstant Bellevue, which is…

10-story, 189-unit residential building coming to 400 4th Ave W Steven Sharp Sat, 03/21/2026 - 08:54 Texas-based developer JPI is partnering with Stream Real Estate on plans for a new multifamily residential building in Uptown. The project, which would rise at 400 4th Ave. W, calls for the construction of a…

388 apartments underway at 14200 SE 32nd Street in Bellevue Steven Sharp Thu, 02/05/2026 - 07:47 In Bellevue, construction has reportedly commenced for Alexan Eastgate , a new mixed-use apartment complex from Trammell Crow Residential. Located at 14200 SE 32nd Street, the eight-story development will include 388…

Interstate Equities and PGIM acquire four properties in the Bay Area and Seattle Steven Sharp Sat, 01/24/2026 - 09:05 Mesa West Capital has announced a $201-million acquisition loan to Interstate Equities Corporation and PGIM for the purchase of four properties totaling 547 homes in Seattle, as well as the San…

408-unit apartment tower in Belltown sells to L.A. real estate firm Steven Sharp Thu, 01/08/2026 - 06:46 Los Angeles-based real estate firm JRK has acquired three properties from Equity Residential, the company announced earlier this week - including a large apartment tower in Belltown. The $400-million purchase…

Lock Vista Apartments sell for $43.7M in Ballard Steven Sharp Mon, 12/22/2025 - 06:15 The Lock Vista Apartments, a large apartment located at 3025 NW Market St reet in the Ballard neighborhood, has sold for $43.7 million, Cushman & Wakefield announced last week. The property, built in the 1950s, consists of 192…

Green Lake apartment building trades for $16.5M Steven Sharp Thu, 12/11/2025 - 06:30 Seattle’s Green Lake neighborhood has seen another multifamily deal, with the 48-unit Greenlake Terrace Apartments selling for $16.5 million. The 1986-built complex, located at 7415 5th Ave NE, sits just a few blocks from the lake…

Seattle-based Bridge33 Capital has completed an acquisition of Oakesdale Center.

A retail power center property in Mount Vernon, Washington sold for $18.4 million.

Intercontinental Real Estate Corp. acquired the fully leased Lakeland Town Center retail property in Auburn, Washington for $69.5 million.

BKM Capital Partners acquired five industrial properties totaling 413,840 square feet in Kent and Tukwila, Washington for $85.7 million.

A Seattle office property with prior ownership history is being marketed for sale.
This is a market atlas published by CBRE in April 2025 covering the life sciences sector in the Seattle market, with national geographic scope. The document provides an overview of the global life sciences real estate landscape as it relates to the Seattle region.

Seattle Children's Research Institute moved into 124,000 sq ft at 1916 Boren, an 11-story life-sciences building developed by Trammell Crow.
Law firm Foster Garvey signed a 13-year lease for 52,000 sq ft across 2.5 floors at West8, a 28-story Kilroy Realty tower.
Barnes & Noble signed a 10-year lease for 17,538 sq ft at 520 Pike St., its first downtown Seattle location since 2020.

Digital Realty filed permits to demolish a former Bed Bath & Beyond building at Third and Virginia and build a six-story facility with a co-location data center.

Seattle Chamber Music Society (SCMS) announced plans to build a new Center for Chamber Music in downtown Seattle—the city’s first permanent venue designed exclusively for chamber music performance, education, recording, and community engagement. Located within the newly refreshed U.S. Bank Center building on 6th &…

First Washington Realty (FWR) has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center in Bellevue, Washington, expanding the firm’s Pacific Northwest portfolio to 2.3 million square feet. Anchored by a Safeway supermarket, Evergreen Village features a diverse mix of fitness…

BKM Capital Partners has acquired a five-building Metro Seattle industrial portfolio. The assets, located in the market’s premier South King County industrial corridor, were acquired on behalf of BKM Industrial Value Fund III. Totaling 401,000 square feet across approximately 19 acres of infill industrial space,…
BELLEVUE, WASH. — First Washington Realty has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center located across Lake Washington from Seattle in Bellevue. Terms of the transaction were not released. Tenants include Safeway, Edgeworks Climbing, Puetz Golf Superstore and…

TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio located in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres of infill industrial space, the portfolio includes Southcenter West Business Park, a three-building,…

Casa del Rey, a 30-unit mixed-use apartment building, located at 321 Broadway E. in Seattle’s Capitol Hill neighborhood, has sold for $4.57 million. Matt Johnston, Jerrid Anderson, Matt Laird, and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller, 321 Broadway Associates,…

Habitat for Humanity Seattle-King & Kittitas Counties (Habitat SKKC) will celebrate the completion of the 58-home Liberty Commons community in Seattle’s Columbia City neighborhood. Liberty Commons is Habitat SKKC’s largest single-building development to date—and the largest multi-family building in Habitat for…

SEATTLE — CBRE has arranged the sale of The Q, an 87-unit community at 1321 Queen Anne Ave. N. in Seattle’s Queen Anne neighborhood. Kite Partners bought the asset from… The post Kite Partners Buys The Q in Seattle for $24.1M appeared first on Multifamily & Affordable Housing Business .

SEATTLE — Goodman Real Estate has sold two metro Seattle properties for a combined total of $172 million. CBRE’s Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the Seattle-based seller… The post Goodman Real Estate Sells Two Metro Seattle Assets for $172M appeared first on Multifamily & Affordable…