Market: Seattle & Northwest

North American CRE fundraising fell to $80B in 2024, continuing a 3-year decline, although core funding remained strong.

Barry Sternlicht is relaunching Starwood Hotels, focusing on luxury, sustainability, and global expansion.

With $500 billion in CRE loans maturing this year, a significant portion is underwater—posing serious challenges for investors and lenders alike.

The Palisades and Eaton fires damaged 4.5 MSF of multifamily, retail, and CRE in LA, causing $1.9B in damage.

The federal government is considering offloading two-thirds of its office stock, sparking potential upheaval in the Washington, D.C., office market.

Record supply, rising rates, and softening demand are creating a rocky start for the multifamily sector this year.