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Bellingham Herald

partner publisher · 15.4K followers
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Local broker helps explain why Bellingham restaurants are closing. What to know

A wave of restaurant closures in Bellingham and Whatcom County has prompted a local commercial real estate broker to examine what’s driving the trend. Rising costs, falling foot traffic and shifting local economic conditions are squeezing small-business owners from multiple directions. FULL STORY: Why are so many Bellingham restaurants closing? What one local broker has to say Here are key takeaways: Bellingham lost six restaurants in September while only one new restaurant opened in Whatcom County, according to previous reporting by The Bellingham Herald. Ryan A. Martin, co-owner and broker at Pacific Continental Realty, pointed to declining enrollment at Western Washington University, falling cross-border traffic from Canada and higher downtown office vacancies as pressures making restaurants harder to sustain. Bellingham’s minimum wage rose to $19.13 per hour — $2 above the statewide minimum — adding to financial pressure alongside higher costs for food, fuel, utilities, insurance, property taxes and leases. Downtown Bellingham office vacancies climbed from 4.8% to 8.3% in the third quarter, reducing the number of workers supporting restaurants during lunch and business hours, Martin said. Martin said raising menu prices to offset costs can backfire by reducing visit frequency, and he recommends continued monitoring to determine whether closures

Bellingham, WA · 1d

thenorthernlight.com

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Semiahmoo Resort seeks potential buyer

Semiahmoo Resort could soon see a change in ownership. The resort, listed through Crystal Investment Property, went on the market in mid-October, with call-in offers considered through Oct. 30. Per the listing, ownership is looking to either sell or recapitalize the entire resort, including the spa, golf course and all three on-site dining options: Packers Kitchen + Bar, Great Blue Heron Grill and Seaview Café.

Blaine, WA · 1d

Realtor.com News & Insights

partner publisher · 28.9K followers
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Bellingham Buyers Have More Homes To Choose From as List Prices Fall

Bellingham buyers found more homes to choose from at lower prices as inventory climbed and sellers trimmed asking prices.

Bellingham, WA · 1d

everettpost.com

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Everett “strong fundamentals” cited in $82.7 million apartment complex deal

EVERETT– A Seattle real estate investment firm says “Everett’s strong fundamentals” propelled its decision to ink an $82.7 million deal to buy Canopy Apartments, a 336-unit complex on 112th Street SW. Timberlane Partners acquired the 16-acre property of one-, two-, and three-bedroom units in between Evergreen...

Everett, WA · 12h
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425magazine.com

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Everett’s 336-Unit Canopy Apartments Sell for $82.75M

Timberlane Partners, a Seattle-based alternative-investment manager focused on multifamily real estate, announced today that it has purchased a 336-unit garden-style apartment community in Everett for $82.75 million. Timberlane acquired the Canopy Apartments, located at 923 112th St. SW, in partnership with EOS Residential Investors, a New York-based investment firm. Canopy...

Everett, WA · 2d

425magazine.com

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Report: Condos’ Median Price Lowest Since Early 2023; Home Inventory Near 12-Year High

Condominium buyers in the 27-county area covered by the Northwest Multiple Listing Service paid a median price of $435,000 in October, the lowest since February 2023 and down 13% from a year ago, NWMLS said Thursday in its latest monthly housing report. Median condo sales prices in King and Snohomish...

King County, WA · 11h

islands.com

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Salt Lake City Gen Zers Are Moving To This Pacific Northwest Haven Known As 'Mother Nature's City'

Salt Lake City may be among the most popular metro areas for Gen Zers who want large homes, high-paying jobs, and plenty of outdoor adventures. But young adults born between 1997 and 2012 aren't afraid to cross state lines in search of new places to call home. In fact, they're doing it more than any other generation. And according to U-Haul's 2026 Midyear Migration Trends report, many of them are making the 13-hour drive straight to Seattle, Washington. For nature lovers, this Pacific Northwest haven offers a similar combination of bustling city life and the great outdoors.

Seattle, WA · 2d

425magazine.com

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Fragrance Boutique Planned for New Downtown Kirkland Condo Development

A niche fragrance boutique has signed a lease to open at the Central Peak Residences condominiums under construction in downtown Kirkland, the housing project’s developer and shop’s founder announced Tuesday. The Drydown, which was founded in Carlsbad, California, by University of Washington alumna and Seattle-area native Shaya Assareh,...

Kirkland, WA · 2d

connectcre.com

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Recent Signing Brings Seattle Office Building to 96% Occupancy

The Swig Company’s Lake Union Building in Seattle now stands at 96% occupied after a recent lease agreement with an unnamed private equity firm for 5,000 square feet. Only one 3,800 square feet space remains on the building’s newly remodeled fifth floor. Located at 1700 Westlake Avenue N...

Seattle, WA · 1d

Reasoncom

partner publisher · 51.7K followers

Seattle's Newest Progressive City Councilwoman Wants To Make Building Easier

In Seattle's only city council election this year, voters in District 5 elected progressive urbanist Nilu Jenks over moderate Julia Kang, according to The Seattle Times. Jenks' victory may be an unexpected win for both homebuilders and renters. Much of the campaign centered on public safety, affordability, and city taxes....

Seattle, WA · 8h

westseattleblog.com

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BIZNOTE: Our area will soon have one laundromat left, with West Seattle Coin Laundry closing (owner’s message added Friday)

6:35 PM THURSDAY: Bad week for customers of West Seattle cleanliness businesses. Back on Monday, we reported on the shutdown of Car Wash Palace at 35th/Graham; now a closing date is posted for West Seattle Coin Laundry in Admiral Junction. Here’s their sign explaining the plan to close November 15:

Seattle, WA · 1d

hoodline.com

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Martin Selig Restructures Nearly $500M in Seattle Office Debt, Eyes Exit From Receivership

Martin Selig Real Estate has completed loan modifications totaling nearly $500 million across 12 downtown Seattle office buildings, a restructuring that is set to pull nine of those properties out of receivership. The agreements cover roughly 2.2 million square feet of office space, including the company's own Second Avenue headquarters, at a moment when the 89-year-old developer's once-dominant local footprint has been battered by years of rising vacancy and falling revenue.

Seattle, WA · 1d

Realty Today

partner publisher · 1.3K followers

Zillow October Data: Pending Sales Post Steepest Annual Drop Since 2023 as Rates Entrench Above 7%

The numbers that came out of October's housing market are stark. Newly pending listings fell 16.8% year over year last month, the largest annual decline since August 2023 and the slowest October for contract signings since 2018, according to Zillow's October Market Report published Thursday. The culprit is not mysterious: mortgage rates averaged 7.33% across the month, up nearly half a percentage point from September, and the resulting spike in monthly payment obligations stopped a substantial share of would-be buyers in their tracks.

Seattle, WA · 1d

westsideseattle.com

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West Seattle Car Wash Palace closes as property hits market for redevelopment

The self-service Car Wash Palace at 6301 35th Ave SW in West Seattle permanently shut down operations on November 2, 2026. The property, owned by JTV Legacy Holdings LLC, carries an appraised value of $1,492,700. The lot has been taped off and the washing bays are closed as the site goes on the market as a potential redevelopment opportunity.

Seattle, WA · 4d

hoodline.com

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Morgan Stanley Unit Drops $87M on Othello Apartments as Seattle Rentals Tighten

A 359-unit mixed-use building next to the Othello light rail station in south Seattle has sold for $87.3 million, landing at roughly $243,293 per unit. The buyer is Eaton Vance, a Boston-based investment firm owned by Morgan Stanley, which acquired the Assembly118 Apartments at 4200 S. Othello St. from Vancouver, British Columbia-based developer Woodbridge Northwest.

Seattle, WA · 2d

connectcre.com

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Martin Selig Real Estate Restructures $500M in Debt for Seattle Office Buildings

Martin Selig Real Estate has completed loan modifications totaling nearly $500 million for 12 Seattle office buildings. Newmark leases the portfolio, with a team led by Executive Managing Directors Cavan O’Keefe and Jesse Ottele and Director Brody O’Keefe, working with Martin Selig Real Estate’s Leasing Director Michael Brixner. “These modifications send a clear signal to the market that these assets are actively competing for tenants,” said O’Keefe.

Seattle, WA · 3d

bellevuedowntown.com

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Onni Group Launches Office Leasing at Landmark Three-Tower Development in Bellevue, WA

Bellevue, Wash. (November 2, 2026) – Onni Group has launched office leasing at Onni Bellevue, a landmark three-tower mixed-use development now under construction and set to transform the city's skyline. Rising approximately 600 feet, the project will offer up to 800,000 square feet of Class A office space with the flexibility to accommodate major corporate headquarters. Plans for a luxury hotel, upscale residences, corporate housing, and retail will complement the workplace component. Excavation began in July, and delivery is targeted for Q4 2030. Kidder Mathews' Gary Guenther and Jason Bloom serve as the exclusive leasing agents for the office space.

Bellevue, WA · 5d

downtownbellevue.com

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Bellevue Collection Expected to Hit the Market in Early November

The Bellevue Collection is expected to be formally listed for sale in early November, Kemper Development Company confirmed. Jennifer Leavitt, Kemper Development’s senior vice president of marketing, said the company expects the marketing information for the property to be finalized very soon. The listing is the next step in...

Bellevue, WA · 4d

Chronicle

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After a decade of big gains, household income stalls in Seattle

Every fall, the U.S. Census Bureau releases income data for cities, and for the past decade, I got used to reporting eye-popping increases for Seattle households. After reviewing the new 2025 data, released last week, I can report that streak is over. Seattle’s median household income was about $122,800 in...

Seattle, WA · 3d

downtownbellevue.com

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800,000 SF Office Leasing Opens at Former Downtown Bellevue Barnes & Noble Site

Onni Group has opened leasing for the office tower at Onni Bellevue, the three-tower development under construction on the former Barnes & Noble site in Downtown Bellevue. Commercial real estate firm Kidder Mathews is marketing 800,000 square feet in the 47-story tower, with space divisible down to 100,000 square feet.

Bellevue, WA · 4d