CMRE Insights
Short perspectives for families and their enterprises, grounded in portfolio judgment before transaction activity.
Latest note
The Fed raised its target rate on September 16 for the first time since 2023. A plain explanation of how a higher policy rate works on prices, and why property owners feel the mechanism before the inflation data does.
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Focused notes on the decisions that shape substantial real estate portfolios.
General information only. Not advice for a specific matter.
Seattle-area hotel performance found its footing over the first half of 2026, with a World Cup rate lift, a record cruise season and a near-empty construction pipeline offsetting softer occupancy. CMRE's read for families who own or are weighing hotel real estate.
Read the noteMetro vacancy sits near 4% and almost nothing is under construction, but Bellevue's downtown and large-format space tell a different story than the grocery-anchored centers drawing capital. CMRE's mid-2026 read.
Read the noteRegional industrial vacancy sits between roughly 9.5% and 12.5% depending on the building set, with big-box South Sound space driving the number. Smaller buildings, close-in and Eastside product, and leased assets are holding up.
Read the noteVacancy is drifting lower as deliveries fall by half, but rent growth in Seattle is still near 1% and buyers and sellers have not closed the pricing gap. CMRE's mid-2026 read for family owners of Puget Sound apartments.
Read the noteVacancy has stopped climbing across most of the region and Bellevue is taking a disproportionate share of new leases, but pricing power still sits with tenants. CMRE's mid-2026 read for family owners of office.
Read the noteFamilies with substantial holdings usually need a portfolio decision before they need a deal. The sequence matters more than most transaction-driven advice admits.
Read the noteIn the current rate regime, underwriting quality depends less on narrative and more on what money actually costs. Cap rates, carry, and exit assumptions all answer to the same discipline.
Read the noteFamily real estate decisions are rarely just market calls. They are succession, liquidity, and stewardship decisions wearing a property label.
Read the noteFor families of means, silence is not branding. It is part of the service. The best real estate work often never becomes a public story.
Read the noteSki areas, waterfront, hangars, island holdings, and sports districts require a different advisory posture than standard multifamily or office product.
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