120 Kent units trade for over $19M

By JOURNAL STAFF

An apartment complex at 25246 106th Ave. S.E. sold this week for almost $19.2 million, according to King County records.

Medical offices sell for over $9M

By JOURNAL STAFF

A medical office building at 1025 153rd St. S.E. sold in late June for just under $9.6 million, according to Snohomish County records.

Woodinville industrial property sells for over $6M

By JOURNAL STAFF

An industrial building at 14680 N.E. North Woodinville Way sold this week for $6.7 million, according to King County records.

Hotel developer sought to anchor Anacortes waterfront redevelopment

By SHAWNA GAMACHE

The Port of Anacortes is seeking a developer for a waterfront hotel to anchor mixed-use redevelopment of its Cap Sante Marina district.

AI notetakers promise easy meeting recaps, but many question their use

By CATHY BUSSEWITZ

Many professionals worry about data being shared with third parties or used to train AI models.

Meta plans billions for first AI data center in Canada

Facebook and Instagram parent Meta said Wednesday it will invest more than US$9.1 billion to build its first artificial intelligence data center in Canada and its largest outside the United States.

Home prices hit new high as sales slow and mortgage rates rise

By ALEX VEIGA

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to affordability challenges for prospective homebuyers.

Mortgage rate rises to 6.49%

The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.

Jobless claims dip to 215,000

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low.

Stocks recover losses, and oil prices ease

By STAN CHOE

The S&P 500 climbed 0.8% and more than recovered its loss from the day before, even though the United States launched new airstrikes against Iran, which responded by targeting U.S. allies in the Middle East. The Dow Jones Industrial Average added 139 points, or 0.3%, and the Nasdaq composite rallied 1.3%.