First multifamily units open at Sunrise development in South Hill

Shawna De La Rosa – Reporter, Puget Sound Business Journal Jul 2, 2024 Corliss Management Group has completed the first of nearly 1,000 multifamily units planned for the Sunrise master-planned community in Puyallup’s South Hill area. The developer has just opened the first two buildings at The Douglas at Sunrise, a 120-unit apartment complex that will

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Point Ruston receiver booted after lender raises concerns

By Shawna De La Rosa – Reporter, Puget Sound Business Journal Jul 17, 2024   Listen to this article3 min Los Angeles-based Stapleton Group Inc. was named receiver for seven properties at Point Ruston in Tacoma by Pierce County Superior Court Judge Stanley Rumbaugh in late June. Stapleton will replace Lynnwood-based Resource Transition Consultants, which became the court-appointed receiver in

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Go With The Flow

At the site of Seattle’s first large-scale mass timber building, developers have incorporated infrastructure to address a common runoff problem Mark Grey, of the Hess Callahan Grey Group, is part of the development team at Northlake Commons. The project’s native plant-filled bioswale is a unique large-scale partnership with Seattle Public Utilities that will filter 2.6

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A generational tug-of-war is hampering the housing market — and limiting buyers’ options

By Andy Medici – Senior Reporter, The Playbook, The Business Journals Feb 25, 2024 Homebuyers in today’s market are increasingly faced with an inconvenient but inescapable truth — there are fewer homes for sale and the ones on the market are often in need of big repairs and renovations. That’s because far fewer homes have been built

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Point Ruston properties put in receivership are now up for sale

By Shawna De La Rosa – Reporter, Puget Sound Business Journal Jan 22, 2024   Listen to this article4 min Seven properties in the Point Ruston mixed-use development on the Tacoma waterfront are on the market after a recent ruling by a Pierce County Superior Court judge. It’s the latest chapter in an ongoing legal drama involving

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Experts are watching these six key indicators for Seattle’s economy in 2024

Here are the metrics these nine economists and analysts are paying attention to as 2024 gets underway. By Neetish Basnet – Data reporter, Puget Sound Business Journal What difference a year can make. Fears of recession were widespread this time last year. But, while it’s still early days, the economy seems to have unstuck itself from the

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How the person who coined the term ‘missing-middle housing’ sees it evolving

By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals What’s now popularly called missing-middle housing has existed in some form or another for more than a century. But the term “missing middle,” to describe housing that falls between a traditional single-family home and a midrise apartment building in density and

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Why business leaders are recalibrating their approach to DEI

By Cathy Duchamp – Assistant Managing Editor, Puget Sound Business Journal Aug 28, 2023 Thirteen Republican state attorneys general sent a letter in July to the CEOs of Fortune 100 companies, including Microsoft, Costco and Boeing, reminding them not to discriminate on the basis of race, “whether under the label of ‘diversity, equity and inclusion’ or otherwise.”

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Study: Washington ranks as one of the worst states for retirees

By Neetish Basnet – Data reporter, Puget Sound Business Journal Aug 3, 2023 Retirement in the Evergreen State is a tough sell to a briskly aging population, according to a new study by Bankrate that ranked Washington as the fourth-worst state to retire. Affordability, crime and weather drew down Washington’s feasibility as a retiree haven. The state dropped

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