Bryce Taylor has been a fixture of the NAIOP community for over 30 years. He got involved in the early ‘90s to jumpstart his career, at the behest of Ted Sive with Lease Crutcher Lewis. Bryce says he “joined NAIOP and immediately got involved with the Community Enhancement Committee – and never regretted it.” Throughout decades of uncertainty and change, Bryce has remained connected to his colleagues through our association. “I have developed hundreds of great relationships through NAIOP.”

We interviewed Bryce about his involvement with NAIOP, the arc of his career, and the impact he’s had on the industry and community.

Washington is the #9 state in the U.S. for contributions to state GDP created by office real estate development. Overall, construction and development of office, industrial, warehouse and retail created and supported 54,983 related jobs and contributing $8.9 billion to the state’s economy in 2020 (the most recent data available).

The data is from “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published annually by the NAIOP Research Foundation. 

NAIOPWA is a member of the Partnership for Affordable Housing. We are committed to policies that increase housing creation, access, and affordability. Legislators are considering a rent control bill that would have grave consequences for housing creation and long-term access to affordable housing. SB 5139 would impose the strictest rent control in the nation.

Ann Bishop has been with Wallace Properties for nearly 25 years and a NAIOP member for just as long. Her impressive tenure in commercial real estate makes her an expert voice on industry topics and trends, and her passion for NAIOP is clear from her continued involvement at all levels of our organization. Bishop serves on our chapter’s Board of Directors as Secretary, works with the Government Affairs committee on numerous legislative and policy efforts, and regularly volunteers with the Developing Leaders’ Mentorship Program each year.

When she joined over 20 years ago, she felt that NAIOP was an inclusive space for her, but with few contacts in the organization it was important to lean in early to carve out a place for herself. “If I [had] sat back and waited to be invited… I wouldn’t [have been] there. So you just pick up and go… You join in.”

NAIOPWA’s Real Estate Challenge Committee is proud to announce the 2021 Site Sponsor, Alexandria Real Estate Equities, Inc! The Real Estate Challenge is a development case competition in which students at three regional universities take on the role of developer. Each year, students focus on a different site and craft creative, innovative development proposals. Teams present their proposals to a panel of notable developers and investors, who adjudicate the winner of the Challenge and recipient of the coveted Bob Filley Cup.

What does it mean to go first? In celebration of NAIOPWA’s Night of the Stars inaugural “Sustainable Development of the Year” category, here is a closer look at the two nominees, each of whom elected to be on the front edge of sustainable real estate development. Read below to learn more about these two industry-leading endeavors.

What is the first thing many developers or investors think when they hear the words “sustainable” or “green” as their architects describe their building design? For decades the common perception has been that it is difficult (if not impossible) to make a deeply green building pencil financially. However, by definition “sustainability” is the nexus of environmental, social and economic progress. We interviewed key participants representing both Watershed and Inspire at the Russell W. Young Building to learn how they overcame perception to create these very special properties.

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.

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!

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

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. 

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.” 

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.

“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.

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.

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.

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.

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. 

• 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.

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!

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. 

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.