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Long Beach-based developer Pacific Industrial has hired Bud Pharris, who ran Blackstone-owned Link Logistics' nine-market West Region, as chief executive officer to steer a push out of Southern California into seven markets stretching from Seattle to Phoenix.
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Newmark has hired Jake Gustafson as Director of Engineering for the Northwest, placing a dedicated engineering leader alongside the property management teams that run its Washington and Oregon assets just as the state's building energy mandates begin to bite.
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S&P Global Ratings lifted BRIDGE Housing Corp.'s issuer credit rating and the rating on its outstanding debt to AA from AA-, rewarding the San Francisco nonprofit for operating margins that top every rated U.S. social housing provider and for new revenue engines built around a property management joint venture and a fledgling impact fund.
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Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and shows no new office deliveries scheduled through 2028, a supply freeze the firm's forecast leans on to push Downtown Bellevue vacancy toward 15 percent.
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The Port of Seattle has handed a joint venture of Avolta-owned Hudson and four local small businesses a 20-year contract to build out roughly 30,700 square feet of duty-free retail across three concourses at Seattle-Tacoma International Airport, starting with a walk-through store on the A Concourse slated for late 2027.
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