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Puget Sound Business Journal
2 days
Businesses are banning teens, but restrictive policies can backfire
Private businesses can exclude minors, but inconsistent enforcement can trigger discrimination claims.
Davy Jones Locker Room
2 days
Seattle Torrent Sign Alex Carpenter, Protect Her From Expansion Thieves
The Seattle Torrent re-signed forward Alex Carpenter to a 3-year PWHL Standard Player Agreement on June 2, keeping one of the franchise’s foundational pieces through 2028-29 and committing one of the team’s 3 protection slots under the league’s Expansion Roster Distribution Process (proper noun) ahead of 2026-27. If that sounded like word salad, it’s the entire expansion process is word salad. Carpenter signed as one of Seattle’s foundational players in June 2025 and played all 30 regular-season games of the inaugural season, serving as one of the first alternate captains in team history. The 32-year-old from North Reading, MA, tied Julia Gosling for the team scoring lead with 20 points, led the Torrent with 12 goals, and ranked second with 8 assists. Carpenter came to Seattle after playing 2 seasons with the New York Sirens. She’s the third all-time leading scorer in PWHL history with 63 points (31, 36A) and she has 16 power play assists, the actual most in league history. She’s also an Olympic medalists, having won gold in the 2026 Winter Games, and winning silver in Beijing 2022 and Sochi 2014. (She was left off the She represented the United States at the 2026 Olympic Winter Games in Milan and won her first gold after silver in Beijing 2022 and Sochi 2014. (She was a shocking cut from the 2018 gold medal-winning Pyeongchang team, so Milan was her first Olympic gold). She has 18 Olympic points (11G, 7A), which is fifth all-time in U.S. Olympic women’s history. The PWHL is adding four teams this season, and since so much of the league is not under contract, they can’t do a traditional expansion draft, so they have this byzantine six phase process that is…well, the video does a good job explaining it. But Carpenter is locked into one of the 3 protection slots available to teams during Phase 1. Teams have until today at 2pm to finalize their three protection slots before Phase 2: Expansion Team Foundational Signing Period. (No, seriously, that’s how it’s officially communicated by the PWHL. That is a proper noun.) There’s going to be a lot of turmoil with the league expanding by 50% from 8 teams to 12 teams. In addition to all the roster turnover, the Torrent also fired head coach Steve O’Rourke. These first few years of expansion are real Wild West.
Puget Sound Business Journal
3 days
Blackstone subsidiary proposes large redevelopment project in Kent
The proposal would modernize a 28-acre industrial site with nearly 470,000 square feet of new development.
Puget Sound Business Journal
3 days
UW Tacoma selects developer for $115 million student housing expansion
The expansion, which would include a new residence hall, is part of UW Tacoma's long-term plan to double its student population.
Puget Sound Business Journal
3 days
Business Journal unveils the 100 best workplaces in WA for 2026
Nearly 200 Washington-based companies participated in the annual workplace satisfaction survey. These employers rated highest among workers.
Puget Sound Business Journal
3 days
Shoreline sends $100 million aquatics center project to voters
If approved, the ballot measure would levy property taxes to build and maintain a 48,000-square-foot facility with multiple pools.
Puget Sound Business Journal
3 days
Allen Institute launches brain health program with $400 million in funding
The accelerator will research brain disease with the aim of finding new treatments.
Puget Sound Business Journal
3 days
Chef Brendan McGill closes last 2 Seattle restaurants
Chef Brendan McGill closed Café Hitchcock and Oyster Cellar at the Exchange Building on May 31. He'll continue operating three restaurants on Bainbridge Island.
Puget Sound Business Journal
3 days
Project to redevelop Shoreline retail plaza gets underway
A six-story building is planned for a portion of a shopping center anchored by QFC.
Puget Sound Business Journal
3 days
Ben & Jerry's expands to Seattle waterfront with new store
The scoop shop will be the fourth Seattle-area location for franchise operators Lance and Moria Blair.
Davy Jones Locker Room
3 days
Melinda French Gates Becomes Minority Owner of the Seattle Kraken
Melinda French Gates is becoming a minority owner of the Seattle Kraken, the team’s parent company said Monday, pending approval from the NHL. The size of her stake and the terms were not disclosed. French Gates, 61, the philanthropist and ex-wife of Microsoft co-founder Bill Gates, is buying into One Roof Sports and Entertainment, the company that owns the Kraken. ESPN’s Emily Kaplan first reported the deal. French Gates is worth about $30 billion, according to Forbes, and the investment is her first ownership stake in a major professional sports team. She joins a group led by majority owner Samantha Holloway that includes minority investors David Wright, Amazon CEO Andy Jassy, and producer Jerry Bruckheimer. Holloway became majority owner in December 2024 after the death of her father, David Bonderman, the TPG co-founder whose group, Seattle Hockey Partners, won the expansion franchise. “As a longtime Seattle resident, it means a lot to me to have the chance to make this investment in our city and its future,” French Gates said in a statement. “I’m a big believer in the power of sports, and after many years of cheering on Seattle from the sidelines, I’m excited to have an even deeper connection to the Seattle sports community. Seattle is an engine of innovation in so many ways, and Samantha Holloway’s leadership of the Kraken and Climate Pledge Arena reflects that.” Holloway said in the statement, “Melinda is an impressive business leader, philanthropist and importantly, a Seattle sports fan. We share many of the same values, including a deep commitment to Seattle and a belief in building organizations that create lasting impact.” “It’s just time,” French Gates told ESPN. “What you’re seeing is a generation of women coming into their full power. I’ve walked into tough rooms, and being one of the few is very hard. Once we can create enough that we’re one of many, it just gets easier.” Though originally from Dallas, French Gates has lived in the Seattle area for nearly 40 years. She joined Microsoft in 1987, where she met Bill Gates, and worked on multimedia products before leaving in 1996. She co-chaired the Bill and Melinda Gates Foundation from 2000 until 2024 and now runs Pivotal, a Kirkland-based organization she founded in 2015 to support women and young people in the United States and abroad. One Roof Sports and Entertainment, created in March, owns the Kraken and controls Climate Pledge Arena, along with the Kraken Community Iceplex, the rebuilt Memorial Stadium, and the AHL’s Coachella Valley Firebirds. The group is pursuing an NBA expansion team for Seattle. What this means for the Kraken Nothing changes from a hockey operations standpoint. Jason Botterill will continue to be the GM, they are conducting an audit, they will pursue free agents and make draft picks and attempt trades and it will be business as usual there. The addition brings financial security. Though the NHL has a hard salary cap, Scouting, front office salaries, player development, analytics, facilities, and support staff are not subject to an NHL salary cap and can vary from organization to organization, depending on the owners’ willingness and ability to spend money. A group with French Gates’s money can cover all of that through a rebuild without needing the team to turn a profit, and won’t be forced to cut costs or tear the team down in a bad year. There is also a very expensive NBA bid going on. In March, the NBA’s Board of Governors voted to explore expansion in Seattle and Las Vegas, and Holloway’s group, advised by JPMorgan Chase and Moelis, is the only public Seattle bidder. The NBA hired PJT Partners to evaluate the markets, ownership groups, and arenas and the expansion fees is projected to be somewhere in the $6 to $10 billion range. French Gates is now an owner in One Roof, the group pursuing the NBA team, so her money is already behind that effort. Though we don’t know the extent of her stake, her fortune is several times the projected fee, and because the NBA weighs the strength of each ownership group, her name helps the Seattle bid. Her most visible impact will probably be in the community. The One Roof Foundation has focused on getting more kids into sports, and French Gates has spent her career working on opportunities for women and families. Holloway said, “We’re really aligned on that.” For the Kraken, the deal leaves them with a richer, steadier ownership group. For One Roof, it adds another prominent name as it tries to bring the NBA back to Seattle.
Puget Sound Business Journal
4 days
Coastline Church buys former Windermere office building in Belltown
The church plans to renovate the former real estate office as it prepares for a long-term home in Belltown.