The predictions for the year ahead at the annual Broker Forecast were as sunny as the morning itself. The words butterflies and pots of gold, and phrases like riding the top of the wave, were used amid the rising lines of the charts and statistics shared as the three key real estate professionals talked about the aspects driving tenant decisions today and for the year ahead, as well as trends driving the industrial market.
I didn’t think I was surrounded by hockey fans, but I couldn’t have been more wrong.
At the March breakfast, we joined the Real Estate Challenge Committee for the culmination of the 16th Annual Challenge with three university teams presenting their proposals for Merlino Properties’ 5th and Bell site, and we heard from four Belltown neighborhood experts on the area’s future growth.
Wednesday’s meeting started with the passing of the gavel and official induction of Scott Mathews as the 2019 President of NAIOP Washington State. Scott is the Senior Director, Acquisitions & Residential Development, for Vulcan, Inc. Much gratitude was given to Tony Toppenberg of Turner Construction Company for his service this past year.
Len Psyk is NAIOPWA's lucky 1,000th member!
Len joined Panattoni Development in October as their Senior Development Manager. Panattoni has developed more than 14 million square feet of industrial, office and build-to-suit projects in the Pacific Northwest, with 4.6 million currently under development. The Seattle office focuses on industrial and office development with 17 active projects from Everett to Portland. Panattoni was named NAIOP Washington’s Developer of the Year 2017.
Welcome and congratulations to our new members!
NAIOPWA is proud to support more than 1,010 professionals and students in Washington State's commercial real estate community. We provide incomparable membership benefits, more than 40 educational, networking and community support events annually, and supports a beneficial environment for business in the state.
On Wednesday morning, we heard from three of Seattle’s commercial real estate innovators on their strategies in affordability amid the city’s rapid growth and development.
Who demands multiple mentors, likes working individually and has an attention span of eight seconds? A despondent Gen X’er? Nope. A forgetful Baby Boomer? Nah. Look no further than those born the same year Windows 95 was released. We found out about this generation and their values and expectations at this month’s NAIOPWA breakfast.
Char Patterson is NAIOPWA's 975th member and is an architect and partner with JPC Architects. The company opened its doors in 1986 with a primary focus on interior architecture and design. Based on their long-term relationships and the strength of their work, JPC Architects has evolved into one of the largest firms of its kind in the Pacific Northwest. While corporate interior architecture is the foundation of their portfolio, they also excel in retail, healthcare, small-scale shell and core, and hospitality. JPC Architects' collective team of 75 includes architects, interior designers, technical and administrative staff who share a commitment to meeting the business objectives of our clients while crafting inspirational, sustainable, and productive work places.
How long have you been with your company?
Since 1994 – 24 years.
Ada M. Healey inducted to the NAIOP Washington State Hall of Fame inductee in recognition of her contributions to the built environment of Seattle and the Puget Sound
People’s Choice Award goes to Maritime Building Seismic Upgrade and Renovation
The Seattle Office of Sustainability and Environment released their latest Energy Benchmarking Analysis Report to update energy performance trends based on data reported to the City from 2014 – 2016. The report highlights key building energy and emissions metrics for the 3,300 benchmarked buildings and reveals that continuously benchmarked buildings have reduced emissions, saved money, and improved performance over time.
Highlights include:
Programming Committee Co-Chair Ed Scherer introduced the October panel about augmented, virtual and mixed reality technologies and how they are changing the commercial real estate industry. These technologies are becoming more and more seamlessly embedded and integrated into the design and delivery process, providing immersive experiences, and streamlined and more efficient construction and maintenance.
With more than nine million square feet of real estate development to her name, Ada Healey’s name is synonymous not only with Seattle commercial real estate, but also with thoughtful, holistic development that carefully considers its community.
New Programming Committee Chair Chris Beza introduced the September panel about the quickly transforming University District. The new Link light rail station, neighborhood upzone, and UW Master Plan are key factors influencing the area, each of which is a substantial change. Together, they add up to some remarkable changes that will continue to shape the ever-changing University District. It was an insightful morning and the only thing that could have made it better would have been a cameo of one or two of the iconic musicians that have sung about The Ave over the years (maybe an idea for next year, programs committee?!).
NAIOP WA Announces New App Featuring CRE’s Industry Best with 2018 Night of the Stars Finalists & First Winner
Second Annual People’s Choice Award with Daily Voting Online September 19 - October 12
We all hope for a better future. On July 31, the NAIOPWA Sustainable Development Committee and the Developing Leaders Committee co-hosted the third annual Change Makers networking event, with the goal of getting closer to that better future.
To do this, the committees brought together voices from a diverse group of local change-making organizations caring for our environment, charting innovative codes and policy, and establishing Seattle as a leader in sustainable development and beyond. The goal was to pool the attendees’ collective wisdom, challenge assumptions, reach across boundaries and explore what's possible when everyone pulls in the same direction.
On July 11, NAIOPWA held our monthly breakfast meeting at the Georgetown Ballroom to learn about the future of urban industrial and take a field trip to the nearby Prologis Georgetown Crossroads, the first multi-level distribution center of its type.
President Tony Toppenberg kicked off the meeting by thanking our breakfast sponsor, Sierra Construction, and our stellar group of annual sponsors. We sincerely thank them for their involvement.
On Wednesday, NAIOP WA State interacted with a panel from CrowdStreet, Inc., their sponsors Scanlan Kemper Bard and SMARTCAP, and Stoel Rives LLP about online real estate investment, which is experiencing exponential growth. The online investment market allows for a diversity in investment profiles, potentially higher gains, and an increase of available analytical data. Molly Moore, CMO from CrowdStreet, moderated the panel where they talked online investment and legal implications and regulations.
Mary P. Hull, a Partner at Stoel Rives LLP, gave a brief introduction on the legal landscape explaining whether it is legal to raise capital for commercial real estate online (yes), and going over the ins and outs of the Jobs Act 2012, Angel List of 2010, and general securities laws such as Rule 506(b) and 506(c).
On Wednesday morning, we heard from Seattle’s neighboring cities that are emerging markets in our area (and don’t have a head tax!).
Before the program started, there was a recap on the Spring Property Tour and a Fred Hutchison representative gave their appreciation to everyone that came out earlier in the month. NAIOP WA State then presented a generous donation for $4,000 to the cancer research study organization.
