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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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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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Opportunity Zones [February 2019 Breakfast Recap]

Stack of three photos showing speakers, audience at February NAIOPWA breakfastWednesday’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.

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University District in Transition [September Breakfast Recap]

Banner promoting NAIOPWA breakfast

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?!).

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The Future of Urban Industrial [July 2018 breakfast recap]

The future of urban industrialOn 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.

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The Confluence of Real Estate Capital with Technology [June Breakfast Recap]

all speakersOn 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).

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Emerging Markets in the Puget Sound Region [May Breakfast Recap]

three men hold an oversized checkOn 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.

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2018 Broker Forecast: Is the Air Getting Thin? [April Breakfast Recap]

April Breakfast: 2018 Broker Forecast: Is the Air Getting Thin? [Event Recap]

Mt Rainier with text

Four speaker headshots

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Battle of the Economists [March 2018 Breakfast Recap]

April breakfast panel A “battle royale” was held at the NAIOP Breakfast Meeting on March 21, also known as a lively and illuminating discussion with two premier economists from our area.

President Tony Toppenberg began the meeting by showing even more features from the NAIOP WA app. It really does have some great features including the presenters’ slides for each breakfast meeting, downloadable for one month after each event. New members were introduced and we heard the sad news that Sharlyn Turner of Peterson and Sullivan passed away.

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Capital Markets 2018 [February 2018 Breakfast Recap]

men on stage at a presentationDespite the cold weather, NAIOP Washington State members and supporters came in full force on Wednesday, February 28, to learn more about capital market trends in our region and what they mean for the future.

Mike Wood of NBS Financial Services moderated the panel and the Q&A discussion following. He kicked the event off with a confident and positive summation of real estate investments in the region.

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Report: Commercial Real Estate in Washington State Supported 56,617 Jobs and $8.8 Billion of GDP in 2017 [Press Release]

SEATTLE – The NAIOP Research Foundation has released the NAIOP Economic Impacts of Commercial Real Estate report (2018 Edition). The report is conducted for purposes of estimating the annual economic contribution of commercial real estate development to the U.S. economy.

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

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Tourism & Hospitality Trends & Forecast [December 2017 Breakfast Recap]

December panelists at eventNAIOP WA members and guests gathered last Wednesday morning to learn about tourism and hospitality in our region. Before the panel started, attendees were treated to a video montage from September’s Community Enhancement event at Farmer Frog, a sustainable, educational farm in Woodinville.

NAIOP Washington state outgoing president Kristin Jensen introduced the morning’s breakfast topic. The hospitality and tourism sector is growing in Seattle and the Puget Sound. The panel discussed the factors making that a reality, including exponential population growth, and what the 58 cranes dotting the Seattle skyline mean for the future of the industry.

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Innovations in Industrial Real Estate [September 2017 Breakfast Recap]

September breakfast headshotsNAIOP’s September 20 breakfast meeting convened in Southcenter near the epicenter of King County’s industrial area. This meeting on Innovation in Industrial Real Estate was sponsored by Centerpoint and Rushing. We sincerely thank them for their support.

President Kristin Jensen opened the meeting; our annual business meeting included election of our 2018 officers and ratification of the actions of the 2017 board.

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It’s All About the Experience [June 2017 Breakfast Recap]

presenter headshots - June 2017 breakfastOur June Breakfast Meeting, It’s All About the Experience, explored the design drivers for residential, retail and commercial. The breakfast was sponsored by Juniper Capital, Rushing and Graphite Design. We sincerely thank them for their support.

President Kristin Jensen related information about a NAIOP Washington State PAC fundraiser on June 28. She also spoke about the real estate excise tax potential increase. We had a new member update and heard about the Property Tour that will take place in Bellevue on July 20.

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Budget Stalemate in Olympia: Possible tax increases that impact the commercial real estate industry

The 2017 session of the Washington State Legislature is now in its second 30-day special session in order to find agreement on the level and sources of funding for the McCleary decision to fully fund K-12 education. The legislature is expected to reach agreement by the end of the special session on June 21, or by June 30, the final day of the current biennium.

The Washington Supreme Court ruled in McCleary that school districts’ reliance on local levies, and the ability of local communities to pay for those levies, varied dramatically around the state and resulted in inequitable funding of K-12 education. The legislature’s challenge has been to equitably fund education statewide.

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2017 Broker Forecast [April Breakfast Recap]

panel_headshotsIn a very highly attended event, the annual Broker’s Forecast was presented to our Breakfast attendees on April 26. The breakfast was sponsored by Rushing, LBA Realty, O’Keefe Development and Sellen Construction - we sincerely thank them for their continued support. President Kristin Jensen began the meeting and gave the assembly an update on new members and introduced Kris Beason who gave some background on Sellen. John Swanson from Umpqua Bank also made a short presentation. We heard about the Community Enhancement Project which will be on September 30 at Farmer Frog in Woodinville.

Rob Swartz, Senior VP of Kilroy Realty, moderated our panel and introduced our esteemed panelists:

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Zillow's Crystal Ball on Seattle Real Estate [March 2017 Breakfast Meeting Recap]

On Wednesday, March 15, breakfast meeting attendees were treated to a lively discussion of the Seattle residential real estate market. The breakfast was sponsored by Moss Adams and Pyatt/Broadmark Management - we sincerely thank them for their continued support. President Kristin Jensen gave the assembly an update on the latest economic impact numbers from the commercial real estate industry in Washington State and across the country, and we also met new members. Additionally, we heard an update on the national board of directors from our local liaisons to that board.

Seattle Insignia Towers

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Economic Impact of Commercial Real Estate in Washington State [NAIOP News]

Report: Commercial Real Estate in Washington State Supported 43,130 Jobs and $6.3 Billion of GDP in 2016

SEATTLE – In late February, the NAIOP Research Foundation released the NAIOP Economic Impacts of Commercial Real Estate report (2017 Edition). The report is conducted for purposes of estimating the annual economic contribution of commercial real estate development to the U.S. economy. 

National highlights from the 2017 report include:

  • Commercial real estate development supported 6.3* million American jobs in 2016 (a measure of both new and existing jobs).
  • Commercial real estate development contributed $465 billion to the GDP* in 2016.
  • There were 410.1 million square feet of commercial real estate space built in 2016, with capacity to house 1.1 million new workers.

Locally, 2016 economic impacts in Washington State included: 

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Capital Markets Forecast 2017 [February Breakfast Recap]

On Wednesday, February 15, attendees of the monthly Breakfast meeting were treated to the annual Capital Markets Forecast, sponsored by JLL, Andersen Construction, and Umpqua Bank. We sincerely thank our sponsors for their continued support.

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Thriving Neighborhoods in Seattle [Nov. 2016 Breakfast Recap]

We all know that Seattle is booming. In our November breakfast we heard about three neighborhoods that are contributing to that boom—in fact, they’re thriving!

Our sponsors were:

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