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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.

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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?

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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.


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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.

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NAIOPWA Requests Extension on Implementation of State Construction Code | MFTE Task Force

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

In support of our 1,000+ association members, the commercial real estate business industry and the community at large, NAIOP Washington State has submitted an official request to Governor Jay Inslee and to the State Building Code Council requesting a 6-month delay in implementation of new building codes, to January 1, 2021.

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NAIOP Washington State Honored as 2020 Chapter of the Year – Repeat Achievement Signals Continued Strength of Organization

NAIOP Washington State Honored as 2020 Chapter of the Year

Repeat Achievement Signals Continued Strength of Organization

SEATTLE – NAIOP Corporate has honored NAIOP Washington State as Chapter of the Year for its 2019 performance, recognizing the chapter’s advocacy efforts, exceptional diversity and inclusion efforts, member engagement, and organizational growth. NAIOP’s annual merit awards program evaluates chapters on a national basis by chapter size for their education, government affairs involvement, member recruitment and retention, communications, and chapter management. 

“NAIOP Washington State is consistently among our best-performing chapters,” said Thomas J. Bisacquino, NAIOP president and CEO. “This year, it was our honor to recognize them as Chapter of the Year for their significant lobbying efforts, their strong membership recruitment and retention strategies, and their successful education and networking events that raise the profile of NAIOP and commercial real estate in the greater Seattle market. Congratulations to the chapter and its leaders for their commitment to and enthusiasm for our industry and association.”

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Disaster Resiliency in the PNW

One critical aspect of sustainability is resiliency, or how we bounce back from natural disasters. A little preparation can go a long way—but a lack of forethought can quickly lead to very difficult situations throughout a city or region. Remember the 2015 New Yorker article about the next big Cascadia earthquake? When the article was published, it prompted seemingly endless, yet interesting, discussions about the inevitability of a very large earthquake in the region, as well as dozens of follow-up stories giving advice on how to prepare. 

Fast-forward four years to Seattle Snowmaggedon 2019. Did you have a week’s supply of food and water in your home when the snow fell last February? Conditions weren’t anywhere near as bad as the name suggests, but empty grocery store shelves made a deep impression, whether you saw them in person like I did or on social media or the news. Those empty-shelf encounters were a fairly common experience. The takeaway is that there is only a few days’ food supply in our grocery stores, which is quickly exacerbated by disaster-inspired hoarding behavior and the breakdown of efficient but lean supply chains.

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NAIOPWA Member Profile: Shaun C. Leiser, Owner, SCL Enterprises LLC

A white male in a baseball cap smiles at the cameraNAIOPWA is proud to welcome Shaun C. Leiser, owner of SCL Enterprises LLC, as a new member! Shaun is our lucky 1,000th member, receiving a free breakfast meeting ticket and an introduction to the community here in our blog and newsletter.

Did you know? The Washington State Chapter of NAIOP is the fourth-largest in North America, providing new members like Shaun immediate access to a wide, influential network of professional leaders. We also strive to offer networking opportunities—both online via our app and in real life via carefully curated events—that create deeper and longer-lasting relationships within the industry.

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The ESG Framework and its Impact on Real Estate Development and Investment

It pays to go green!
Sustainability is becoming ever more important in the development of and investment in commercial real estate (CRE) due to several factors:

  • Increased attention to Environment, Social and Governance (ESG) issues at the corporate level.
  • Increased interest from the real estate investment community in ESG aspects of development.
  • Demographic impact of millennials placing a greater importance on environmental and social issues.

Corporate Interest in Sustainability via the ESG framework

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Winners of 2019 Night of the Stars Include MainStreet Property Group, Eastside Community Center and Georgetown Crossroads

John Torrance inducted to the NAIOP Washington State Hall of Fame in recognition of his visionary work and its impact on the industry and the Seattle community | Double honors laud Microsoft’s Building 121 + 122, which won Redevelopment/Renovation Project of the Year & People’s Choice 2019
 
SEATTLE – Announced on Friday, November 8, at the annual gala event, NAIOP Washington State’s 2019 Night of the Stars Awards highlight how the development community continues to find creative solutions to support the Puget Sound market. For 2019, new categories this year in particular acknowledge growth in multi-family and affordable housing development to serve the fast-growing population and to address housing needs for families at all income levels.
 
Each year, Night of the Stars also honors an individual whose outstanding contributions in the CRE industry have changed the field and the region we call home. Best known for conceiving and promoting the “StarDome” retractable roof stadium concept for the Mariners’ home field, John Torrance, Principal of J.R. Torrance Properties, is this year’s honoree and the newest member of the Hall of Fame. In addition to the development of T-Mobile Park (then Safeco Field), Torrance has been involved in dozens of significant projects over the years, including Microsoft Headquarters, Washington Park Tower, and Insignia Towers, and helped create and build the company now known as CBRE. Click here to watch a video interview with John Torrance
 
Finally, each year, our judges recognize projects that make a special impact with the Judges’ Innovation Awards. These honors go to projects that stand out for criteria not strictly required for their category. They are projects make a strong impression on the judges, often transcending categorization. This year, the Judges’ Innovation Award for Regional Impact honors Propeller Airports Paine Field Passenger Terminal, which is enhancing traveler experiences at Paine Field as well as alleviating congestion at Sea-Tac Airport. And the Judges’ Impact Award for Innovation went to 621 Woodland Square Loop SE. The judges appreciated the risks undertaken to revitalize and redevelop a former utility office building into a Class A campus in Lacey, especially in consideration of the potential long-term positive impact on the city.
 
NAIOP Washington State congratulations all nominees, finalists and winners of the 2019 Night of the Stars for achieving tremendous success this year. The association also offers appreciation for the dozens of commercial real estate professionals and firms that participate as sponsors, judges, volunteers, and committee members to make NAIOPWA’s Night of the Stars awards and gala possible each year. Thank you.
 
Visit the Night of the Stars 2019 Project Gallery for project information and photos.
 
Night of the Stars 2019 Winners

Special Honors















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CREW Seattle & The Registry Recognize NAIOPWA Volunteer Leaders for Diversity & Inclusion Work

Photo of a glass award or trophy in a black and beige fabric box throwing off lightThank you, CREW Seattle and The Registry! On Wednesday night, NAIOP Washington State was honored as the 2019 Association Ally at the second annual Elevate Awards. This honor reflects the work of NAIOPWA’s Diversity & Inclusion Committee to support the objective of providing opportunity and furthering D&I in the CRE industry.

Our Diversity & Inclusion Committee is concluding its second year and has been behind efforts to bring more young and diverse individuals into CRE and NAIOPWA through efforts such as a new D&I internship program, the Hip Hop Architecture program at the UW, and student memberships. The team also hosted chapter events open to anyone involved in CRE interested in learning about increasing opportunities and representation for diverse individuals in our field.

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2019 Night of the Stars Finalists [Member News]

banner for NOS 2019 with Hall of Fame honoree John Torrance

NAIOP WA Announces 2019 Night of the Stars Finalists & First Winner: Best of Industry Honors Projects & Teams that Take Risks & Deliver World-Class Development Results

Third Annual People’s Choice Award with Daily Voting in the NAIOPWA app begins Wednesday, September 18

View the finalists via the NAIOPWA app or click here to open our online project gallery

SEATTLE – Announced today, category finalists for NAIOP Washington State’s 2019 Night of the Stars Awards highlight an era of tremendous growth in Seattle and the Pacific Northwest and show how a world-class commercial real estate industry supports the evolution of our region’s businesses, homes, and organizations.

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2019 NAIOPWA Change Makers for a Better Future [Event Recap]

banner with rooftop and text Change Makers

NAIOPWA’s Sustainable Development Committee held its fourth annual Change Makers event on June 27, 2019. The event brings together voices from a diverse group of local change-making organizations making social, environmental, and economic impacts, and establishing Seattle as a leader in sustainable development and beyond. The goal was to pool our collective wisdom, challenge assumptions, reach across boundaries, and explore what's possible when everyone pulls in the same direction.

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A BIG Thank You: Big Invitational 2019 Raises $112,000+ for Big Brothers Big Sisters of Puget Sound

Four white men pose at a hole on a golf courseOn June 20, the South Sound Committee, in conjunction with several local, active companies, including Davis Property and Investment, joined in on the Big Invitational, a fundraiser golf/networking event held annually at Washington National Golf Club in Auburn and put on by Big Brothers Big Sisters of Puget Sound.

Over the years, BBBSPS has worked with the South Sound Committee to keep the tournament specific to commercial real estate, and the excitement in the south-end development market shone strong this year with this twelfth annual Big Invitational selling out more than a month ahead of time and raising over $112,000 for Big Brothers Big Sisters!

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Port Report: Seattle, Tacoma, Bremerton and Everett [June 2019 Breakfast Recap]

Port Report - June 2019 Breakfast Meeting Banner

Most of us know the ports in Washington as little industries within themselves, responsible for Washington’s link to international trade around the globe and the distribution infrastructure of our region. Ports also manage airports and public marinas, and support additional recreational opportunities via parks and open spaces. 

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What’s Your Water Footprint?

Sustainability Blog header

A drought emergency for half of Washington State was declared in April and expanded in May. The drought is expected to impact the Olympic peninsula, the North Cascades, the eastern Cascades and southwest Washington. Seattle, Tacoma and Everett may also experience moderate drought.

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2019 Broker’s Forecast [May Breakfast Recap]

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.

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What’s Next for Seattle NHL Redevelopment [April Breakfast Recap]

I didn’t think I was surrounded by hockey fans, but I couldn’t have been more wrong.

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Belltown: A Changing Neighborhood | REC 2019 [March 2019 Breakfast Recap]

Stack of three photos showing college students presenting to a group at a tableAt 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.

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Ecological Overshoot: A sustainability discussion framework

Sustainability Blog header

Welcome to the first post of NAIOPWA's new Sustainability Mindset Blog, presented by the Sustainability Committee. The committee would like to further the discussion of sustainability with the greater NAIOPWA community and help nurture a sustainability mindset. We will produce a new post every couple of months, so please check back periodically for your next dose of content. You can also download the NAIOPWA app, follow NAIOPWA on Twitter, and subscribe to NAIOPWA's weekly email updates to be alerted when new posts go live.

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