NAIOPWA Real Estate Challenge Announces 2022 Site Sponsor: Unico Properties

REC 2022

The NAIOPWA Real Estate Challenge is proud to announce the 2022 Site Sponsor: Unico Properties 

The Real Estate Challenge is a development case competition in which students at three universities (University of British Columbia, University of Washington, and Portland State University) take on the role of developer. Each year, students focus on a different site and craft creative, innovative development proposals. Student teams present their proposals to a panel of notable developers and investors, who name the winner of the Challenge and the recipient of the coveted Bob Filley Cup 

This year, students will focus on a site in the west end of the Longacres Campus in Renton, WA. Longacres was a former racetrack and current Boeing office campus, accounting for 150 acres total. The site designated for the challenge is composed of three parcels totaling approx. 10 acres and will also be a significant vehicular and pedestrian entrance to the campusThe Longacres site has direct access to the Tukwila Transit Center and Southcenter Mall with tremendous access and visibility to I-405.  

The 19th Annual Challenge kicked off in early January as students were introduced to the site and the Renton submarket. Over the course of the winter quarter, students will meet with Puget Sound real estate market experts, including architects, land use attorneys, brokers, general contractors, financial analysts, developers, and investors as they craft and refine a development proposal for the site. The Challenge presents an unparalleled opportunity for students to familiarize themselves with a submarket, apply their academic experience, conduct market and financial analysis, and meet leaders in the Puget Sound commercial real estate community. 

NAIOPWA is excited to partner with Unico Properties and is looking forward to kicking off the 2022 Challenge! 

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