Business

Business

Latest reporting from the Business desk.

  • Sound Transit Link light-rail train passing through a residential street-level corridor.

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    Seattle completes Rainier Valley homeownership initiative at 127 homes

    Seattle awarded $2.64 million to Habitat for Humanity and Jabooda Cares for 18 affordable homes on MLK Jr Way South, completing the Rainier Valley Affordable Homeownership Initiative at 127 homes and exceeding its original 100-unit goal.

  • Aerial view of a residential peninsula surrounded by blue water, with a curved beach shoreline visible.

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    Outdoor Research moves HQ to West Seattle waterfront

    Outdoor Research is relocating its corporate headquarters from a 114,000-square-foot SoDo building it occupied for 31 years to a 7,916-square-foot waterfront office in West Seattle's Denali building, while its flagship retail store temporarily closes ahead of a planned move to downtown Seattle.

  • Two white DNA sequencing instruments on a dark laboratory bench.

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    Seattle biotech TwinStrand wins $245M patent case

    A federal judge ordered Guardant Health to pay Seattle's TwinStrand Biosciences and UW more than $245 million for willfully infringing DNA sequencing patents developed at the university, plus ongoing royalties through 2033.

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    Crown Hill pub burglarized 6 days after opening

    The Crown, a Crown Hill neighborhood pub that opened Aug. 12, was burglarized six days later when thieves drilled the lock, stole the safe and disabled cameras in four minutes. The pub stayed open and is asking the community to stop by.

  • Skyline of Athens with Monastiraki square and Acropolis hill during sunset. Athens, Greece. Pink bougainvillea flower in the foreground

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    Alaska Airlines launching nonstop Seattle flights to Athens, Paris

    Alaska Airlines will launch seasonal nonstop flights from Sea-Tac to Athens and Paris in May 2027, making Seattle the only West Coast city with direct service to Greece and bringing the airline's long-haul network to seven routes.

  • Aerial view of a large urban corporate campus with multi-story brick buildings and parking lots.

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    Starbucks cuts 224 more Seattle jobs; 120 chose layoff over Nashville

    Starbucks is eliminating 224 positions effective Oct. 19, including 120 corporate employees who refused to relocate to the company's new Nashville office, bringing total Washington job losses since February 2025 past 2,500.

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    4 businesses to fill former Theo Chocolate building in Fremont

    Four new businesses including a coffee shop, taproom, oyster bar and pottery studio will fill the former Theo Chocolate building at 3400 Phinney Ave. N. in Fremont this fall, bringing new life to a 121-year-old landmark that previously housed Redhook Brewery and the Fremont Trolley Barn.

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    Ex-Amazon exec moves startup to Dallas, dings Seattle

    Former Amazon operations chief Dave Clark relocated his $150 million supply chain startup Auger from Bellevue to Dallas, warning Seattle's anti-business climate is pushing companies away as the city's office vacancy rate hits 35.8% and a $175 million budget deficit looms.

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    Queen Anne's first office-to-housing conversion opens its doors

    The converted office building at 201 Queen Anne Ave. N. opened for move-ins the week of Aug. 13, becoming Seattle's first major office-to-residential conversion, with rents starting at $1,695 and about 20% of 74 units already leased.

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    Magnolia's Pidgin Cooperative pays $25/hour, offers workers co-ownership

    Pidgin Cooperative, a worker-owned restaurant at Fishermen's Terminal in Magnolia, pays every employee $25/hour from day one and offers a path to co-ownership after 2,000 hours of work — a model its founders hope could reshape Seattle's hospitality industry.

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    Starbucks closes inside DocuSign Tower as downtown vacancy hits 56%

    Starbucks closed its store inside DocuSign Tower at 999 Third Ave. on Aug. 7 after opting not to renew its lease, directly tied to DocuSign's plan to vacate the building by summer 2027 — the latest ground-floor casualty of downtown Seattle's record office vacancy crisis.

  • Stacked U-Haul boxes and pallets of bagged goods outside a brewery under hazy skies.

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    Stoup Brewing collects 15,000 pounds of supplies for Spokane fire victims

    Ballard's Stoup Brewing, whose co-owner lost her childhood home in the Spokane Complex Fire, led a three-day relief drive that collected 15,000 pounds of food, hygiene products and pet supplies from more than 50 Seattle-area businesses.

  • Three-story brick corner building on a commercial street with ground-floor storefronts and pedestrians.

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    Ballard Independent sells for $152M as global investor bets on NW Market Street

    BentallGreenOak paid $152 million for the 238-unit Ballard Independent apartment building on NW Market Street, 42% above assessed value, raising questions about what institutional ownership means for ground-floor commercial tenants like Caffe Ladro and Exit 5 Korean BBQ.

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    Zillow cuts 500 jobs during Seattle's real estate tech layoff

    Zillow Group cut more than 500 employees on Aug. 4, about 7% of its workforce, in its second round of 2026 layoffs. The Seattle-based company did not say how many local workers were affected.

  • Groups of diners seated at wooden tables with built-in grills in a Korean barbecue restaurant.

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    Exit 5 Korean BBQ targets September opening

    Co-owners Mison and Max Kang are bringing their Renton-based all-you-can-eat Korean barbecue restaurant to a 5,803-square-foot space in the Ballard Independent building, adding a sit-down dining option to a corridor where three businesses have announced departures this summer.