Biden to unveil plan to cap rents as GOP convention begins
A proposal to cap rent increases reflects President Joe Biden's effort to respond to widespread voter anger over high housing prices.
Real Estate
Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.
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Trapped in zombie economy, a dry cleaner struggles in empty skyscraper
Referred to in real estate parlance as a zombie building, this 42-story Los Angeles giant is a hollow shell devoid of tenants but for three...
Microsoft-backed OpenAI eyes expansion to Seattle area
OpenAI has a connection with one of the Seattle area's largest tech employers but doesn't have a physical presence yet. That may be about to...
City gets new recommendations for tackling fentanyl, crime on Seattle streets
An audit makes suggestions about how Seattle should better handle the fentanyl crisis and crime in some parts of the city long known as hot...
Downtown Seattle’s Westlake Center losing a major tenant
Saks OFF 5th is the latest large retailer to pack up and leave the downtown retail core as local foot traffic continues to lag.
Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers
The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices.
The commercial real estate credit crunch: ‘There’s a tsunami coming’
Private equity firms want to take advantage of deep American discounts after office values fell by almost a quarter last year.
As climate toll grows, FEMA imposes limits on building in flood plains
The new restrictions are meant to reduce damage during floods. The rules were first proposed in 2016, then the Trump administration scrapped them.
Microsoft was a key part of downtown Bellevue. Now it has all but left
Microsoft spent half a decade as Bellevue’s largest employer. But an almost complete exit from the city left it out of the top 10 last...
Seattle might make it easier to turn office buildings into housing
Seattle is eyeing ways to encourage more developers to transform empty office buildings into housing.