Marcus & Millichap, Newmark posted profits, but see economic concerns grow
Property brokerage executives remain bullish in the face of some client skittishness
Two major commercial real estate services firms posted higher-than-expected earnings as executives said they will be watching in coming months as clients begin pausing plans becaus...
Vulcan finishes apartments in Seattle as region's multifamily construction slows
Area developers expected to complete just over half of last year's total units in 2025
Developer Vulcan Real Estate has finished a 345-unit apartment complex near downtown Seattle, as the number of new multifamily projects starts to dwindle across the region.
Office recovery boosts Newmark revenue as executives maintain bullish outlook
Brokerage highlights leasing, sales growth despite geopolitical uncertainty
Newmark Group earnings exceeded expectations, as executives said they are optimistic about real estate sales and other deal activity increasing in 2025, overcoming industry concern...
Telus proposes apartment tower near Vancouver's Kingsgate Mall
Telecommunications giant teams up with Ledcor for 230-unit project in Mount Pleasant
Telecommunications giant Telus has teamed up with construction firm Ledcor Group to develop a project that could help alleviate the housing shortage across greater Vancouver.
Nonprofit housing developer plans project in Seattle's Redmond suburb
Plymouth Housing expects 100-unit development to open in 2026
A Seattle-based nonprofit developer plans to break ground this spring on a supportive housing project in Redmond, one of the Puget Sound region's most expensive rental markets.
Top sales and leases recognized in the US
Brokers won big property deals as sales, leasing picked up
Brokers completed major deals during the fourth quarter, a period marked by an uptick in the nation's office market and a brighter outlook for real estate capital markets.
Private equity firm sells stake in one of North America's biggest mixed-use redevelopments
L. Catterton offloads 35% interest in massive shopping, housing development near Vancouver
The real estate arm of a U.S.-based private equity firm sold its stake in The Amazing Brentwood near Vancouver, one of North America's biggest mixed-use redevelopment projects.
Seattle voters lean toward taxing high-paid workers to fund affordable housing
Payroll tax on high-earning employees at Amazon, other big businesses leads in early ballot results
Seattle voters are showing support for a new tax on high-earning employees at technology giant Amazon and other big businesses to fund affordable housing in a city with some of the...
Beedie plans 1,000 apartments near Vancouver to address region's housing shortage
Developer pitches trio of towers in downtown Port Moody
City leaders in Port Moody, east of Vancouver, approved a real estate developer's plan to build three towers with more than 1,000 apartments that could help ease the province's hou...
Robot rev up: Amazon boosts warehouse tech to speed deliveries
E-commerce giant expects to shave costs with overhaul of processing goods from ships, rail
Amazon is ramping up its latest generation of cutting-edge robots and the number of delivery centers across its vast fulfillment network as the online retailer pushes to boost e-co...
Colliers posts 22% revenue surge on dealmaking, points to tariff concerns
Toronto-based brokerage's executives say trade uncertainty, currency fluctuations could affect 2025 results
Colliers posted a 22% jump in revenue from increased deal activity for the fourth quarter, but executives are warning that uncertainty surrounding the economic effects of trade tar...
Apartment complex south of Seattle trades for more than twice prior sale price
Nevada-based investment firm buys 230-unit complex for $40.8 million
An apartment complex south of Seattle traded for more than twice its prior sale price in the latest sign that multifamily investment is picking up across the region.
Mixed-income apartment project opens on former industrial site in south Seattle
Developers convert contaminated industrial site to transit-oriented housing project
A trio of local developers have officially opened one of the Seattle region's biggest mixed-income housing developments, a 775-unit apartment project on a redeveloped industrial si...
US software firm opens offices at Bentall Centre in downtown Vancouver
Boomi hires 200 employees to work across three floors at Hudson Pacific Properties tower
Software firm Boomi has moved into an office tower in downtown Vancouver, a district favored by Amazon, Microsoft and other technology companies.
Shopping centre near Vancouver sells in region's largest retail trade of past year
Shato Holdings pays $137 million to buy Willowbrook Park in Langley
A local private real estate investor bought an open-air shopping centre southeast of Vancouver, the region's largest retail sale of the past year.
Trump imposes tariffs; US inflation continues to slow; Construction costs weigh on residential sale prices
What you need to know to start your day.
Trump imposes tariffs
Microsoft joins effort to launch New Jersey AI research hub
Tech firm, CoreWeave invest in facility at Princeton University as Garden State looks to lure fledgling AI industry
Microsoft and a firm backed by semiconductor giant Nvidia have joined an effort by New Jersey and Princeton University to develop a $72 million artificial intelligence research hub...
California firm buys pair of Seattle area apartment complexes
Pathfinder Partners expands Washington footprint with purchases in Federal Way, Milton
A San Diego-based private equity firm added to its multifamily holdings in Washington with separate purchases of two apartment complexes near Seattle.
Apartments near Seattle trade as region's sales start year on a strong note
CEP Multifamily paid $49 million to buy the Nimbus apartments in Everett
A prolific local developer sold an apartment complex north of Seattle in the latest sign that multifamily sales are continuing to heat up across the Puget Sound region.
Developer sells 1960s-era building in sign of life for Vancouver's subdued office market
Private buyer pays $24 million for seven-floor Wyland Building
Real estate developer Reliance Properties sold the Wyland Building in downtown Vancouver in a sign that investors may be ready to step back into the region's moribund office invest...