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Eastside office deal compares favorably to recent Seattle sales

By BRIAN MILLER

In the pre-pandemic year of 2019, KBS acquired a downtown Redmond office building for $48.1 million. That sold again this week at a significant discount … but not nearly so terrible a loss as we've seen in recent Seattle office deals.


Beyond this week's Goodwill buy, PCP has big plans on Capitol Hill

By BRIAN MILLER

PCP — once known as Ponsky Capital Partners — has swiftly become a big presence in downtown Redmond, with three apartment buildings in varying stages of development.


Quarterra buys church land, 257 Enumclaw units to follow

By BRIAN MILLER

As planned, Quarterra has purchased a mostly bare development site from Trinity Lutheran Church in Enumclaw.



Industrial complex sells for $11M

By JOURNAL STAFF

A warehouse at 4400 Fourth Ave. S. sold this week for $11 million, according to King County records.


SeaTac building sells for $8M

By JOURNAL STAFF

An industrial property at 18060 Des Moines Memorial Drive S. sold this week for just over $8 million, according to King County records.


Mortgage rate holds at 7.4%

Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years.


Previous Stories


October 15, 2026
On the Block: The History of Concrete
SRM scrapes Bellevue site, with cleanup to precede 376 units
Capitol Hill Goodwill sells for $13M
132 Northgate units sell for $29M
Building with London’s oldest restaurant is donated to National Trust
Renton townhouse sites sell for $6M

October 14, 2026
BNBuilders is underway on Kraken Iceplex in Kirkland
283 Olympia units trade to FPA for over $43M
GMD debuts 167 affordable units at Victory Northgate
Kirkland retail sells for over $10M
Boat sales property changes hands
32 Parkland units sell for over $4M
Kent auto center trades for over $2M

October 13, 2026
Amazon pays $195M for five-level warehouse in Chicago
47 Capitol Hill units sell for over $20M
Wildfire risk: what AEC firms need to know
Greystar debuts 289 SeaTac units near Angle Lake Station
Georgetown industrial complex sells for over $16M

October 12, 2026
Casino hotel expansion, Metropole rehab, among ENR West's best projects of the year
First look: 192 units from Koz in Redmond
Gas station goes for nearly $8M
In pending $340M deal, Vulcan to sell Amazon-leased tower at West Main
Vintage building finds new hands

October 9, 2026
A tale of two Tutta Bellas, both now turnkey restaurant opportunities
88 Roosevelt units sell for over $17M
Midrise construction in Mill Creek?
DSA: Downtown jobs lag recovery
23 Wenatchee units sell for over $3M
Long-term mortgage rate at highest level in nearly 3 years
Features

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