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Local Elections Signal Cautious Optimism for CRE, Advocacy Wins in City of Seattle

The latest results of the 2023 Seattle City Council election indicate a new phase for NAIOPWA’s local advocacy.  Through a substantial fundraising effort, we were able to support candidates in key races who offer a change in direction for many important issues our industry faces.

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Congratulations 2023 Night of the Stars Award Winners!

SEATTLE – Presented on Friday night at the NAIOPWA 2023 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community. Additionally, NAIOPWA’s 2023 Night of the Stars finalists highlight important strides made in sustainable development, unique historical renovation, and a continued commitment to world-class development in the Greater Puget Sound area. 

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Tom Parsons to be Inducted into NAIOPWA Hall of Fame at 2023 Night of the Stars Gala

Tom Parsons, prominent figure of the Puget Sound commercial real estate community, will be inducted into the NAIOP Washington State Hall of Fame on Nov. 3 at the annual Night of the Stars awards ceremony and gala. The honoree is well-known for his time at Holland Partner Group, where he served as Executive Managing Director. Parsons was responsible for all development operations and strategic planning, including site acquisition and project entitlement, design, and execution. He oversaw the development of over 5,000 apartment units while at the company.

The 2023 inductee previously held roles at Opus Northwest, Fisher Properties, and Bircher McDonald Frank before joining Holland. He has taken many leadership roles throughout his professional career, including serving as President of NAIOP Washington State in 2001. His professional affiliations include 20+ years as a member of NAIOPWA and extend to NMHC, ULI, DSA, and the Seattle Chamber of Commerce. In addition, Parsons has been a longtime volunteer with the Boys and Girls Clubs of King County on the organization's Champions Council. 

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2023 NAIOPWA Night of the Stars Finalists + First Winners Announced!

2023 NAIOPWA Night of the Stars Finalists & First Winners Announced | Annual People’s Choice Award with Daily Voting Runs Sept 20 – Oct 6

SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year. With the announcement, People's Choice voting begins online and runs through Weds., Oct. 6

Vote for People's Choice!

 

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Congratulations 2022 NAIOPWA Night of the Stars Winners!

Congratulations 2022 NAIOPWA Night of the Stars Winners!

John Pietromonaco inducted into NAIOPWA Hall of Fame  

Presented on Friday night at the NAIOPWA 2022 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community throughout the COVID-19 pandemic. Additionally, NAIOPWA’s 2022 Night of the Stars finalists highlight the growth in transit-oriented development (TOD), multi-family housing from high-rise urban to supportive housing, and various programs that encourage development in underutilized regions such as Opportunity Zone funding.


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2022 NAIOPWA Night of the Stars Finalists & First Winners Announced!

2022 NAIOPWA Night of the Stars Finalists & First Winners Announced

John Pietromonaco to be inducted to NAIOPWA Hall of Fame | Annual People’s Choice Award with Daily Voting Runs Sept 21 – Oct 5

SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year. With the announcement, People's Choice voting begins online and runs through Weds., Oct. 5. Also announced was NAIOPWA's 2022 Hall of Fame inductee, John Pietromonaco, who joins the ranks of leaders honored for their essential contributions to the built environment of the Puget Sound region and to the CRE community through their involvement in NAIOPWA and beyond. 

Vote for People's Choice!

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community throughout the COVID-19 pandemic. Additionally, NAIOPWA’s 2022 Night of the Stars finalists highlight the growth in transit-oriented development (TOD), multi-family housing from high-rise urban to supportive housing, and various programs that encourage development in underutilized regions such as Opportunity Zone funding.

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2021 NAIOPWA Night of the Stars Winners

2021 NAIOPWA Night of the Stars Winners Announced
Winners highlight creative approaches to land use, community support and more

SEATTLE – Presented on Friday night at the NAIOPWA 2021 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.

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2021 NAIOPWA Night of the Stars Finalists & First Winners

2021 NAIOPWA Night of the Stars Finalists & First Winners Announced
Annual People’s Choice Award with Daily Voting Runs Sep. 22 – Oct. 6

SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year.

This year, the CRE industry faced continuing pandemic-related disruptions—from construction challenges including labor shortages, rising costs and global supply chain delays, to lower occupancy in office, multi-family and retail. Yet the developments honored for 2021 as finalists and winners continue to not only reshape the built environment in the Puget Sound region—but also to lead innovation across the nation.


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NAIOPWA Now Third Largest Chapter in North America

In 2020, NAIOP Washington State was honored as NAIOP Chapter of the Year. This year, despite COVID-19, we have continued that success by becoming NAIOP’s third-largest chapter in North America.

This achievement is in large part thanks to the commitment of our corporate members and member companies who expanded their memberships. These companies recognize the value of building connections and relationships with industry partners; participating in exclusive professional development opportunities crucial to keeping a competitive edge; and putting their voices together with other CRE leaders to inform legislation that affects our region.

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Congratulations 2020 Night of the Stars Winners and Finalists!

Honoring Excellence: NAIOPWA’s Night of the Stars 2020 

Honorees showcase the best regional commercial real estate development in 2020 with an emphasis on creative multifamily mixed-use, sustainability and last-mile delivery 

SEATTLE – At today’s first-ever virtual NAIOPWA Night of the Stars, the commercial real estate community honored the year’s most innovative, creative and inspiring CRE projects in Washington state. Completed between July 1, 2019, and August 1, 2020, these projects particularly demonstrate the flexibility and strength of the local CRE industry in the face of a global pandemic. 

The 2020 winners and finalists reflect major shifts in our region toward affordable, multifamily housing that creatively supports communities, as well as the rapid increase in industrial real estate supporting last-mile delivery. This year, as always, judges used a rubric to evaluate and score projects according to defined criteria and made category adjustments reflecting the unique nature of projects, such as dividing industrial projects into those built on spec and those built to suit. This year, too, the full immersion of sustainable practices in the region’s development projects lead to multiple honorees in different market categories. 

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. 



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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.

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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Executive Order: Construction Guidance Released on Washington State's "Stay Home, Stay Safe" Order

NAIOP, along with AGC, requested clarification on Governor Inslee's recent “Stay Home, Stay Safe” executive order as it relates to construction activities. The newly released Construction Guidance Memo is online.

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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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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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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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Night of the Stars 2018 Winners Include The Spheres, Sanctuary Seattle, Arbora Court and the BLOCK Project

Night of the Stars 2018 Winners Include The Spheres, Sanctuary Seattle, Arbora Court and the BLOCK Project

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

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2018 Night of the Stars Finalists [Member News]

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

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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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NAIOP WA 2018 Wins Three Chapter Merit Awards [Press Release]

NAIOP Washington State Wins Three National Chapter Merit Awards Honoring Leadership in Government Affairs, Member Growth and Executive Leadership

Peggi Lewis Fu headshot

SEATTLE – At the 2018 NAIOP Chapter Leadership and Legislative Retreat on February 6, NAIOP Corporate honored NAIOP Washington State with three Chapter Merit Awards, the most awarded to any single large chapter this year. NAIOP’s annual merit awards program evaluates chapter education, government affairs involvement, member recruitment and retention, communications, and chapter management. NAIOP Washington State won recognition for its Legislative/Government Affairs efforts; for membership growth, with the greatest number of new members in 2017; and for leadership, with Executive of the Year going to NAIOPWA Executive Director Peggi Lewis Fu. 

In 2017, NAIOPWA, led by its Government Affairs Committee, made significant impacts on state and local legislation affecting the business environment and commercial real estate; helped elect business-friendly leaders, including Mayor Jenny Durkan; and expanded outreach beyond Seattle with its first eastside mayors and elected officials event, and plans to broaden into Snohomish county as well. 

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