BLOG

Facing An Unprecedented Food Crisis, Farmer Frog Supports Local Communities and Agriculture Producers

NAIOP Washington State is proud to continue our partnership with Farmer Frog, one of this year’s Community Enhancement food drive beneficiaries.

Facing a new crisis, agricultural producers are receiving order and contract cancellations, as well as significantly lower demand for their crops. This has significantly halted the food supply chain. Farmer Frog purchases food from farmers at cost, collects donated items, gleans foods to share and distribute – even USDA provided boxes – all in large volumes, six days a week to over 410 community organizations.

Read More

Mary's Place Keeps Children Fed, Families from Being Unhoused During COVID Crisis

Mary's Place believes that no one's child should sleep outside. They provide safe, inclusive shelter and services that support women, children and families on their journey out of homelessness. They keep families together and inside and, together with our community, provide housing and employment resources, safety, stability, and hope. Mary's Place is the leading provider of shelter and services for families in King County; they operate six emergency family shelters with over 500 beds for moms, dads, and kids; and a drop-in women's day center in downtown Seattle that welcomes in more than 100 women each day.

COVID has changed us all, and Mary's Place has had to adjust their programs and services to ensure that all of their guests and staff stay healthy. Supplies have dwindled, and their volunteer and in-kind donation programs are being re-imagined to become virtual. They are so grateful to their community who have come alongside them during this pandemic to provide protective equipment like masks and facial coverings, cleaning and medical supplies, food, and love!

Read More

Central District Food Bank feeding 1000 people every week during COVID-19

2020 Community Enhancement Food Drive Supporting Byrd Barr, Farmer Frog and Mary's Place

Byrd Barr Place was born in the 1960’s from the recognition that the poor Black neighborhoods of Seattle were chronically under-served by existing services. Our founders within Seattle’s Black community, then based in the Central District, were guided by a vision of equal access to resources and a determination to take bold and transformative action. Our agency, then named the Central Area Motivation Program, was part of the first generation of community-inspired organizations funded by the Economic Opportunity Act. For more than 55 years, Byrd Barr Place has been a community leader and advocate in the fight against the effects of racism and segregation on the region’s African Americans. We continue to be instrumental in combating racial inequity and poverty throughout Seattle by providing an integrated array of basic needs and nutritional services, education resources and financial assistance.

 

Read More

2020 NAIOPWA Night of the Stars Finalists & First Winners Announced

2020 NAIOPWA Night of the Stars Finalists & First Winners Announced

Fourth Annual People’s Choice Award with Daily Voting 9/16 – 10/6

SEATTLE – Announced today, category finalists for NAIOP Washington State’s 2020 Night of the Stars Awards showcase the best commercial real estate development projects in Washington State completed between July 1, 2019, and August 1, 2020—a period in which we have faced a global pandemic, as well as the effects of new legislation and rapidly evolving municipal planning in our region. The 2020 finalists on the whole reflect major shifts in our region toward affordable, mixed-use housing developments that embody and honor community heritage, as well as the rapid increase in industrial real estate supporting last-mile delivery. 

As always, Night of the Stars finalists and winners show how a world-class commercial real estate industry supports the evolution of our region’s businesses, homes and organizations. The first two winners for 2020 are Kirkland Urban, Mixed-Use Development of the Year, and NEXUS, High-Rise Residential Development of the Year. While these two winners stand alone in their respective categories, we again saw a significant number of multi-family nominees, meriting separate categories based on size. 

Notable 2020 finalists include, among dozens more: 
  • The Starlite Distribution Center, entirely conceived and developed on a former drive-in movie theater site in the midst of quarantine;
  • Seattle Children's Research Institute: Building Cure, the first high-rise building to provide office space, lab space and outreach facilities for patients in a single location;
  • and Solis, a first for NAIOPWA's Night of the Stars: a passive house multi-family project that achieves significant environmental gains without a big price tag.
Winners will be announced on Friday, November 6, at our first-ever virtual Night of the Stars. Thanks to new online event software, pre-registered guests will enjoy conversation and camaraderie at their virtual tables online before winners are announced. Learn more about Night of the Stars 2020 online. 

The 2020 finalists' gallery is now live in the NAIOPWA app where the commercial real estate community may cast their first votes for this year's People's Choice honor; voting will continue in the app and online through October 7. NAIOPWA supporters, project team members, and the industry community can vote for one project per day that they feel represents best-in-class in CRE for our region. Visit NAIOPWA.org/app for download links and information on setting up an account or resetting passwords. 

Night of the Stars 2020 Winners & Finalists
WINNER: High-Rise Residential Development of the Year: NEXUS
WINNER: Mixed-Use Development of the Year: Kirkland Urban

Affordable Housing Development of the Year
An Lạc 
Mercy Magnuson Place

Community Impact Development of the Year
Seattle Children's Research Institute: Building Cure
Gardner House and Allen Family Center

Developer of the Year
Panattoni Development Company
Vulcan Real Estate 

Hospitality Development of the Year
7 Cedars Hotel
citizenM South Lake Union hotel
Hotel Indigo Everett Waterfront
Capitol Hill Food Hall

Industrial Build-to-Suit Development of the Year 
Ballinger Heated Storage
Best Buy Fulfillment Center
UNFI Pacific Northwest Distribution Center

Industrial Speculative Development of the Year
Frederickson ONE
Glacier Peak at Riverside Business Park
Starlite Distribution Center
Sumner Ridge

Multi-Family Residential Development of the Year: Fewer than 100 Units
Flyway
Robin’s Nest
Solis
The Village at Westgate

Multi-Family Residential Suburban Development of the Year: More than 100 Units
Bell Marymoor Park Apartments
The Main Apartments + Lofts
Modera Redmond
The Pop

Multi-Family Residential Urban Development of the Year: More than 100 Units
Jackson Apartments
Koz at the Dome 

Office Development of the Year
2+U
333 Dexter
Cedar Speedster

Office Interior of the Year
F5 Headquarters
Digital Streaming Firm
EY Seattle
Highspot Seattle Headquarters
Hudson Pacific Regional Corporate Office

Redevelopment/Renovation of the Year
BMW of Bellevue
Columbia Center Sky Lobby
DeLille Cellars Wine Production Facility & Corporate Headquarters
Lam's Seafood Asian Market - Tukwila
Pacific Place Repositioning
T-Mobile Headquarters - Building 2

Retail Development of the Year
Pioneer Crossing
Wilburton Village

Sustainable Development of the Year
Inspire at the Russell W. Young Building 
Watershed

NAIOP Washington State thanks its 2020 Night of the Stars Judges:
Jessica Clawson, Partner, McCullough Hill Leary, PS
Mark Dibble, Partner, DSC Capital
Travis Hale, Partner, Panattoni Development Company
Cleita Harvey, Managing Director, JLL
Kristin Jensen, Managing Director, Gensler
Warren Johnson, Director of Business Development, The Walsh Group 
Chris Rossman, Senior VP, Development Sourcing, The Wolff Company
John Savo, Partner, NBBJ
Derek Speck, Economic Development Director, City of Tukwila

Night of the Stars 2020 is sponsored by O’Keefe Development (Platinum Sponsor) and Puget Sound Business Journal (Media Sponsor). For a complete list of sponsors, visit our website.

About NAIOPWA Night of the Stars
NAIOPWA's Night of the Stars identifies outstanding real estate developments and activities in a variety of market types and the individuals who made the projects happen. The awards aim to honor the teams who build our landscape in this annual celebration of the industry. Each finalist project was evaluated for impact on the community, market adaptability, ingenuity and local contributions.

2020 NAIOPWA Summer Social Rock 'n' Roll Golf Tournament Highlights

Our much anticipated 2020 Summer Social gave the NAIOP community the much-needed chance to connect in person. With a wide range of COVID-specific guidelines, a socially-distanced version of the tournament allowed golfers to enjoy split tee times and a more relaxed pace of play in the breezy August heat. 

Read More

NAIOPWA Member Profile: John Pietromonaco, Pietromonaco Jackson Properties

John Pietromonaco of Pietromonaco Jackson Properties has been a NAIOP Washington member for a very long time – 32 years, to be exact – and has enjoyed a distinguished career as a developer in the Puget Sound area. After serving as president in 1999 and spending 20+ years involved heavily in NAIOPWA’s annual Community Enhancement (CE) projects, Pietromonaco is a wellspring of NAIOP memories and institutional knowledge.  

A lot has changed since he joined in 1988, between technological advancement and market fluctuations. John says that “real estate is more complicated [now] than it was in the 70s-80s,” but that ultimately, the industry is very reliant on community and connection. “The only way to get the info you need is through contacts… I even talk to people who are competitors (friendly competitors). It makes the job easier than being a lone wolf and doing it from scratch.” 

Read More

Survey: Washington State Clean Building Energy Performance Standard

Washington State University Energy Program (WSU) is requesting your input on a short online survey about the upcoming Washington State Clean Building Energy Performance Standard. The intention of the survey is to help WSU create an effective support program for those involved with complying with the law, such as building owners, facility and energy managers, energy service providers, and utilities. 

The standard is undergoing rule-making by the Washington State Department of Commerce (Commerce) and will be established November 1, 2020, per the Clean Buildings bill (HB 1257). In short, the performance standard requires all commercial buildings (both public and private) over 50,000 square feet to lower their energy consumption by complying with a specific energy use target. Please refer to Commerce’s Clean Buildings website for more information. 

Read More

Inslee Delays State Building Code Effective Date to Nov 1 Due to COVID-19, NAIOP Advocacy Efforts

graphic with NAIOPWA logo and COVID 19 response in text on blue textured background

UPDATE [06/29/20]: After an emergency meeting of the State Building Code Council, the state code implementation effective date has now been pushed back to February 1, 2021.

Read More

Exploring Real Estate and Race Through Education

“This isn’t just about programming for us. This is about a group of people called to action on something we are very passionate about, and we felt we had no choice but to do something.” – Serena Sayani, Diversity and Inclusion Co-Chair

In the moments, days and weeks since the death of George Floyd, many of our members have felt a similar call to action. Leading this charge for our organization is the Diversity and Inclusion committee. They have put together two events: A Candid Discussion about Racial Barriers in Commercial Real Estate, on June 30, and, in partnership with the Programs Committee, our July breakfast on Race and Real Estate, on July 15. Both panels are intended to shed light on the intersections between race and real estate through discussion of the history of real estate laws across the country, and to spark thoughtful dialogue with industry leaders on how to make positive changes to alleviate racial inequities in our communities and the built environment.

Read More

NAIOPWA Advocacy Update: Expedited Voluntary Cleanup Program

Update & Summary for August 3, 2020: 
The WA Dept. of Ecology's new Expedited VCP, launched on July 1, 2020, is a self-sustaining process with dedicated staff to respond quickly to the needs of developers working under compressed schedules. The time to get through the expedited VCP could be as short as 4 months compared to 18 months (or more) under the regular VCP. The new program also allows moving sites in the regular VCP to the Expedited VCP as long as certain requirements are met.

Read More

Standing in Solidarity

NAIOPWA acknowledges the impacts of racism on the built environment and within the commercial real estate industry. We stand with our community in solidarity against systemic racism, unconscious bias and all forms of inequality and injustice, including police brutality, which disproportionately affect people of color and specifically, Black people.

Read More

Stepping into a New Normal: Redefining the Future of our Cities

Conference area at Gensler demonstrating physical distancing with clear signageWe’ve now reached 2+ months of working from home and have settled—as best as possible—into a new routine that revolves around juggling family, colleagues, and clients, while maintaining our personal health and well-being 24/7. That’s a lot. Some of us may be embracing this new work style while others are still overwhelmed by the daily challenges. But what’s top of mind for us all is what’s looming ahead. What will our new normal look like when our stay-at-home restrictions are lifted and more importantly, what changes can we expect to stick?

There has been much speculation and publication around what we could see when we return to the office. There will undoubtedly be the anticipated ongoing requirements of continuing to practice frequent hand washing and safe distancing. Health screenings for body temperature and the need to wear face masks in public places will become part of our routine. Physical changes to the work environment such as greater space between workstations, one-way traffic flow and limited occupancy of meeting rooms and elevators will also be necessary to maintain a safe space. We are all becoming more familiar with general changes that will certainly be in force on day one. The real question is, which of these changes and other modifications will be part of the workplace going forward, even after the likelihood of contracting COVID-19 has subsided?

Read More

NAIOPWA Member Profile: McKenzie Darr, Development Manager, The Wolff Company

McKenzie Darr (The Wolff Company) is one of the current co-chairs of NAIOPWA's Real Estate Challenge Committee. In her capacity as a co-chair, she helped spearhead the 2020 Challenge, even as COVID-19 altered in-person presentation and competition judging. She has been recognized by her peers for her excellent leadership and dedication to the committee's educational efforts. We asked McKenzie about her work with Wolff, the REC Committee, and her love of live music.  

How would you describe your company’s primary work and scope?
The Wolff Company is a fully integrated real estate investment firm focused on multifamily investment and development. Since 2000, Wolff has invested in, acquired, or developed more than 150 multifamily assets and more than 35,000 multifamily units.
The Northwest Division based in Seattle is responsible for the investment and development of multifamily and senior housing communities in Washington, Oregon, Idaho, and Montana.

Read More

NAIOPWA Celebrates Mother's Day with Interviews from Professional and Working Moms

In honor of Mother’s Day, we want to show our appreciation for the many working moms within our NAIOP chapter and for all the professional women that make our organization great. With 40% female representation on our board and steadily increasing female membership over the last decade, empowering the voices of women in commercial real estate committee rooms, leadership positions, and on event stages remains a top priority of NAIOPWA.

Read More

NAIOPWA Member Profile: Ben Waiss, Development Manager, Tarragon Property Services

Ben Waiss (Tarragon) is one of the Co-Chairs for NAIOPWA's South Sound Committee. He has been recognized by his peers for his outstanding leadership and continued commitment to the committee's efforts. Ben joined NAIOP in 2014 after he began working for his current company. We spoke with Ben about his work with Tarragon, what he enjoys most about CRE, and what he does in his spare time. 

How would you describe your company’s primary work and scope?
Tarragon is a locally owned commercial real estate development company operating across multiple asset classes. The following are a few company highlights that have shaped my real estate “toolbox” and give me a unique perspective on the commercial real estate industry:
  • Hands on developer that provides services from feasibility thru lease up and stabilization
  • Portfolio developer that delivers highest quality assets designed to operate at a high level throughout the lifespan of the development
  • Long term outlook that allows us to accumulate and hold land in the portfolio until market conditions are optimal to construct a commercial asset

How long have you been with your company?
I have been with Tarragon for about 6 years. In a previous life I was a Civil Engineer.

Read More

NAIOPWA Member Feature: Morgan Sly, Land Acquisition Associate, The Rush Companies

Morgan Sly (The Rush Companies) is a dedicated volunteer member of NAIOPWA's South Sound Committee. She's been with Rush since 2018 and has been an active NAIOPWA member since June of 2019. Her peers have recognized her for outstanding efforts in organizing unique and engaging events for the South Sound. We asked Morgan about her work in CRE, how she spends her time outside of her profession, and interesting tidbits about herself. 

NAIOPWA: What do you like best about your industry? 
Morgan Sly: My favorite part about working for Rush - a developer/builder is creating communities where people want to live and work. I enjoy identifying the next place where we believe future tenants or buyers will want to move to, through our projects we have the ability to add value to people’s day-to-day lives and that is exciting!

Read More

NAIOPWA Flash Poll Results: As Tenants Struggle, Property Owners Reach Out in Support 

NAIOPWA flash poll banner with woman in office wearing medical mask and looking at phone

Poll Results: As Tenants Struggle, Property Owners Reach Out in Support 
"We will do what it takes for the tenants to survive. Their success is our success."

SEATTLE - On April 16 and 17, NAIOPWA circulated our first “flash poll” to the region’s commercial real estate community, including members and the community at large. Over two days, 54 professionals representing property owners and developers responded to the survey, providing 119 total responses across seven asset types: office, industrial, retail, multifamily, hospitality, mixed-use, and healthcare. 

Poll results represent a snapshot of the current state of the industry, which relies on a diverse business environment that abruptly narrowed in early March. As we might expect, rent/lease payments were down in April and are expected to drop further next month. But regional CRE owners and property managers are clearly united in creative and proactive solutions to keep tenants in their properties.


Read More

Sustainable Buildings = Healthier Occupants = Organizational Savings

Sustainability Mindset blog header with closeup of moss at right and text New Post

Investing in people could be one of the most inexpensive ways to invest in our businesses.

Read More

SBA Loan Program Intended to Help Businesses Cover Rent Costs During COVID-19 Crisis Begins April 3

graphic with NAIOPWA logo and COVID 19 response in text on blue textured background

Beginning April 3, small businesses (fewer than 500 employees) are eligible for forgivable SBA loans under a provision in the CARES Act passed by Congress and signed into law to address the growing COVID-19 crisis. Primarily intended for businesses to retain employees during the crisis, certain provisions in the program would allow for borrowers to use some of the funds to cover monthly expenses like mortgage interest, rent, and utilities to help stay afloat. NAIOP has compiled a list of resources to help small businesses and other stakeholders navigate the program. 

Read More

NAIOP Washington Seeks Expanded Construction Guidance Under COVID-19 EO; Memo from Inslee Regarding Mortgages

graphic with NAIOPWA logo and COVID 19 response in text on blue textured background

 

In response to Governor Jay Inslee's "Stay Home, Stay Healthy" Order, NAIOP Washington has called for expansions to construction guidance to include private-sector residential and commercial construction. Among the organization's concerns are the growing housing crisis in Seattle and the impacts of slowing development of housing in the area. The recommendation includes advocacy for strict personal protective equipment (PPE) requirements for job sites as well as preparedness plans for battling the COVID-19 risks.  

Read More