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March 4, 2026 (Bellevue, WA) – Lee & Associates | Pacific Northwest is proud to announce the promotion of John Brussa to Principal. Since joining the firm in 2019, John has been instrumental in the continued expansion of the company’s industrial and office platform across King and Pierce Counties. With this promotion, he becomes the youngest Principal Lee & Associates | Pacific Northwest history. Specializing in the leasing and sale of industrial and flex properties,…

SEATTLE, WA (March 4, 2026) – A nearly century-old apartment building in Seattle’s Uptown neighborhood is on the market. Lee & Associates is shopping the Ella Robert at 16 Valley St. for just under $7 million. The four-story, 23-unit building was constructed in 1928 and sits on the south slope of Queen Anne Hill. It has 14 parking stalls. The asking price works out to $304,130 per unit. A marketing flyer notes the Ella’s proximity to Climate…

SEATTLE, WA (February 26, 2026) – Lee & Associates announced the listing of the Ella Robert Apartments, a 23-unit vintage apartment community located at 16 Valley Street on Queen Anne Hill in Seattle, Washington. Originally constructed in 1928, the 15,627-square-foot property sits on an 11,067-square-foot site and features views of the Seattle skyline, Space Needle, Mount Rainier, and Elliott Bay. The property is exclusively marketed by Lee & Associates’ Northwest Multifamily Team of Candice Chevaillier, Daniel…

SEATTLE, WA (February 25, 2026) –Seattle’s multifamily market is showing renewed stability after navigating several years of correction and hesitation, according to a recent report by Lee & Associates. It also notes that some of “yesterday’s armories have been successfully converted into school buildings, apartments, libraries, museums, and community centers around the country.” New multifamily development in Pierce County has slowed materially, driven by elevated construction costs, moderating rent growth, and tighter capital markets. The resulting…

As we move further into 2026, Seattle’s multifamily market is showing renewed stability after navigating several years of correction and hesitation. While the pace of recovery remains measured, key fundamentals including lack of supply, stabilizing vacancy, and rebounding investor activity are laying the groundwork for a more confident 2026 and beyond. Vacancy Turning Point & Rent Growth Return Local governments and private stakeholders are accelerating housing investment. Microsoft’s Brad Smith urged the Washington State Legislature…

As big-ticket items involving sizable investments, commercial property transactions often have a wide impact within the community. CoStar is pleased to recognize the following top leases completed during the fourth quarter and the dealmakers who made them happen in their respective markets. Lee & Associates Pacific Northwest is proud to announce that Christian Mattson, SIOR, Billy Moultrie and Chris Peterson, SIOR, CCIM, were recognized in CoStar’s Power Broker Quarterly Deals Industrial Lease for Q4 2025….

      SOLD SOLD SOLD Pape Anchorage Gilman West Great Falls Manor 1800 West 47th Ave, Anchorage, AK 2222 Gilman Drive West, Seattle, WA 1501 9th Street South, Great Falls, MT Value: $1,800,000 Value: $2,750,000 Units: 120 Size: 9,200 SF Units: 14 Size: 70,000 SF Brokers: Chris Peterson, Billy Moultrie, Christian Mattson, Mindy Llewellyn, and Richard Peterson Brokers: Candice Chevaillier, Dea Sumantri, Daniel Lim, and Sara Bago Broker: Nate Kiger            …

TACOMA, WA (February 6, 2026) – Many U.S. cities have a legacy National Guard armory, but not every city has made such a building work in modern times. That report notes that some of the buildings, quite grand in scale, have become among the world’s most endangered sites, alongside “Egypt’s Valley of the Kings and the Teotihuacan Pyramid in Mexico.” It also notes that some of “yesterday’s armories have been successfully converted into school buildings,…

Puget Sound’s fourth quarter industrial market reflected a cautious equilibrium. Rental rate growth remained largely flat as demand focused on existing occupancies rather than expansion. Approximately 80% of executed deal volume consisted of renewals, driven by landlords aggressively pursuing early extensions to proactively manage rising vacancy. Tenants continued to leverage elevated availability and intense competition to secure meaningful concessions, including eight to twelve months of base rent abatement on 60-month renewals, often structured within the…

The Puget Sound office market remained challenged through Q4 2025, with availability hovering near 17% and conditions firmly a tenant’s market. Leasing volume in 2025 finished roughly in line with 2024 but remained nearly 30% below pre-pandemic levels, with average lease sizes down approximately 10%. Net absorption was negative by roughly 820,000 SF during the year, driven largely by major corporate consolidations rather than new supply. New construction had little impact on availability, as virtually…