During the NAIOPWA event, “Navigating the Carbon Offset Market” attendees met in a cozy lounge space at MG2 to network and listen to four diverse local industry experts talk about a timely topic: carbon offsets.
During the NAIOPWA event, “Navigating the Carbon Offset Market” attendees met in a cozy lounge space at MG2 to network and listen to four diverse local industry experts talk about a timely topic: carbon offsets.
Across the AEC Industry, many are focusing on how to reduce the embodied carbon in our projects. With concrete and steel being the biggest culprits in ground-up projects, it’s only fitting that they get the most press. In this piece we’re focusing on the cement component of concrete.
Through the NAIOP Washington State Foundation, NAIOPWA is able to apply the skills and resources of our membership to initiatives that give back to our community, engage students and foster their careers, and help create a more diverse, equitable, and inclusive commercial real estate industry. These initiatives are possible because of the generous support of our Foundation Committee Sponsors. Click on any committee name below to learn more about these sponsorship opportunities:
Major Week for Priority Bills: Housing Affordability, REET, Energy Efficiency, Rent Control.
The Seattle City Council recently rejected a proposal to move forward with a comprehensive plan amendment that would pave the way for Transportation Impact Fees in the City. As a commercial real estate association that advocates on behalf of our members, NAIOP Washington State opposed this effort to add unnecessary and harmful fees to the already costly development process. Though the City made the right decision, other municipalities continue to consider impact fees or fee increases, and the proposal could come forward again in Seattle in the future.
In 2023, NAIOP Washington State successfully defeated a bill during the legislative session that would have increased the real estate excise tax (REET). We anticipate similar legislation during the 2024 Washington State Legislative Session. During this session, REET may be rebranded as a “transfer tax.” While we were previously successful in our efforts to stop a REET increase from moving forward, NAIOPWA’s Government Affairs team is actively engaged to defeat its passage once again.
With the start of the 2024 Washington State legislative session, bills overturning the current state pre-emption to rent control have been brought forward, as well as proposals which would implement state-wide rent control measures. We strongly oppose any efforts to implement rent control, as well as efforts to overturn the state’s pre-emption. It is important to take a sober look at why rent control is bad policy.
The latest results of the 2023 Seattle City Council election indicate a new phase for NAIOPWA’s local advocacy. Through a substantial fundraising effort, we were able to support candidates in key races who offer a change in direction for many important issues our industry faces.
SEATTLE – Presented on Friday night at the NAIOPWA 2023 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.
The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community. Additionally, NAIOPWA’s 2023 Night of the Stars finalists highlight important strides made in sustainable development, unique historical renovation, and a continued commitment to world-class development in the Greater Puget Sound area.
SEATTLE – NAIOP Washington State is proud to announce the SIOR Broker of the Year Finalists. These finalists are recognized for their outstanding achievements in office, industrial and investment brokerage. SIOR, the Society of Industrial and Office Realtors, is the leading global professional office and industrial real estate association. The winners of the following SIOR Broker of the Year categories will be announced alongside this year's outstanding development projects at the 2023 Night of the Stars gala and awards ceremony at the Hyatt Regency Bellevue on Friday, November 3, 2023.
Tom Parsons, prominent figure of the Puget Sound commercial real estate community, will be inducted into the NAIOP Washington State Hall of Fame on Nov. 3 at the annual Night of the Stars awards ceremony and gala. The honoree is well-known for his time at Holland Partner Group, where he served as Executive Managing Director. Parsons was responsible for all development operations and strategic planning, including site acquisition and project entitlement, design, and execution. He oversaw the development of over 5,000 apartment units while at the company.
The 2023 inductee previously held roles at Opus Northwest, Fisher Properties, and Bircher McDonald Frank before joining Holland. He has taken many leadership roles throughout his professional career, including serving as President of NAIOP Washington State in 2001. His professional affiliations include 20+ years as a member of NAIOPWA and extend to NMHC, ULI, DSA, and the Seattle Chamber of Commerce. In addition, Parsons has been a longtime volunteer with the Boys and Girls Clubs of King County on the organization's Champions Council.
SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year. With the announcement, People's Choice voting begins online and runs through Weds., Oct. 6.
The 2023 legislative session drew to a close in April, marking the end of a session that has been billed by some as the ‘Year of Housing’ for Washington State. A remarkable 1,776 bills were introduced, and a staggering number of those bills pertained to housing, development, and commercial real estate.
NAIOP Washington State, a nonpartisan organization committed to creating a favorable political and regulatory environment for the commercial real estate industry, engaged deeply with lawmakers to advise on these bills and advocate for our industry. Lawmakers engaged NAIOPWA’s Government Affairs Committee leadership before session, requesting input on proposed bills and assistance in authoring bills, and continued to engage with NAIOPWA throughout the legislative session.
Ballots are now in the mail for the August 1st Primary Election, and to help NAIOP members support business-friendly candidates in key local races. Please see our Primary Election Voting Guide for voting insights. It recommends the top two most business-friendly candidates in important local races.
NAIOP Washington State is proud to announce the recipients of its 2023 Legislator of the Year Awards: Senator Mark Mullet and Representative Strom Peterson.
Senator Mullet, a Democrat representing the 5th Legislative District, showed a commendable commitment to understanding the concerns of the commercial real estate industry during this year's legislative session. His leadership on bills to streamline and expedite the land use review and permitting process has better positioned our industry to address our pressing housing crisis and will enable greater investment in Washington. Senator Mullet also sponsored legislation that, if passed, would have greatly expanded allowable density near high-capacity public transit and would have required deeper study of anticipated costs associated with the state energy performance standards prior to code implementation.
NAIOP Washington State’s Sustainable Development Committee elected to undertake a hot topic for 2023: Adaptive Reuse. The buzz is everywhere, so how do we synthesize that broad topic into bite size chunks? On April 6, 78 attendees took on that task with great energy.
To read more, click below. You must be logged in to your NAIOPWA member profile to access the full report. For more details about membership, email Danielle Duvall, [email protected].
Log in to your NAIOPWA member profile to access the complete report. To join, please reach out to Danielle Duvall, [email protected].