2015 Night of the Stars Awards Finalists Announced

Finalists and Hall of Fame Honoree Announced for 2015 NAIOP Washington State Night of the Stars, Honoring Local Real Estate Projects and Companies

Walter P. “Wally” Costello to be honored as 2015 Hall of Fame inductee in recognition of outstanding leadership and service to the local community.

SEATTLE – Announced today, finalists for NAIOP Washington State’s 2015 Night of the Stars Awards include dozens of well-known commercial real estate players, breakthrough deals and important development projects. NAIOP’s Night of the Stars identifies outstanding real estate developments and activities in a variety of market types and the individuals who conceived of, took risks, sponsored, supported and made the projects happen. The awards aim to honor entire teams, including all who contributed to the project’s success in this annual celebration of the industry.

“The Northwest commercial real estate community looks to the annual NAIOP Night of the Stars Awards program to see who is performing at the top of the industry,” says Sharon Coleman, Senior Director of Real Estate Development, Vulcan Real Estate, and NAIOP Washington State President. “This peer-nominated and judged program sets the standard for a very high-performing industry for the year to come.”

In addition to nominated projects, each year, an individual who has made outstanding contributions to the industry is selected for induction into the NAIOP Washington State Hall of Fame. This year, Walter P. Costello will be honored in recognition of his contributions to the community through his years at The Quadrant Corporation, as an active NAIOP member and his civic engagement in Seattle, Bellevue and King County.

At Quadrant, Wally was involved in the development and planning of more than five million square feet of office, high tech and industrial buildings, as well as the planning and development of a number of business parks throughout the Puget Sound area ranging in size from 20 to 350 acres. With NAIOP, Wally served on the board and as president, leading and encouraging others to participate in government affairs and community enhancement projects in particular.

A record number of nominations were submitted this year. Each project was evaluated for their impact on the community, market adaptability, ingenuity and local contributions. Winners will be announced at the November 6 gala event at the Hyatt Regency Bellevue.

Night of the Stars 2015 Finalists

Technology/Life Science Development of the Year:
Snoqualmie Valley Hospital
Impinj Tenant Improvement

Retail Development of the Year:
14 Hands Wine Tasting Facility
Numerica Credit Union
Swedish Medical Group Renton Landing
Whole Foods Market - Chambers Bay

Redevelopment / Renovation of the Year:
Microsoft B16 + B17 WPA Conversion
1915 Terry
Union Stables
Seattle Children's Hospital - South Sound Clinic
1101 Second Avenue Renovation
1300 Dexter Renovation
Anhalt Apartments
Skyline Distribution Center

Office Development of the Year:
Vulcan Real Estate: Amazon Corporate Headquarters Expansion
1101 Dexter Station
hill7 OfficeTBA

Multi-Family Development of the Year:
Premiere on Pine
525 at the Enclave
4730 California
Walton Lofts
Renwood Apartments
Beryl Apartments
AMLI South Lake Union
Bridges @ 11th
Queen Anne Towne
Nine & Pine Apartments

Mixed-Use Development of the Year:
525 at the Enclave
Beryl Apartments
Queen Anne Towne
Chophouse Row
Nine & Pine Mixed Use

Industrial Development of the Year:
Northwest Logistics Center
Stryker Business Center
Square One Distribution
DCT Fife 45 North and South
DCT White River Corporate Center

Hospitality Development of the Year:
14 Hands Wine Tasting Facility
The Spa at Cedarbrook Lodge
Semiahmoo Resort Bar and Restaurant
Hilton Garden Inn at hill7

Developer of the Year:
Wallace Properties
Panattoni Development Company, Inc
Holland Partner Group

Deal of the Year:
200 Occidental
Cornish Commons
Touchstone Recapitalization by Urban Renaissance Group

Community Impact of the Year:
Snoqualmie Valley Hospital
Emerald Heights Master Plan
CenturyLink South End Zone Seating Expansion
Swedish Medical Group Renton Landing
Cascade Bicycle Club
Seattle Children's Hospital
Navos Lake Burien Campus for Children, Youth and Families

Commercial Interior of the Year:
Howard S. Wright Construction New Home
Tableau Software
Microsoft B16 + B17 WPA Conversion
Chef World Headquarters Tenant Improvement
Amazon Phase 7
Honeywell Northpointe
Lewis Headquarters TI
SightLife Tenant Improvement
Emerald Heights Interior Renovation
Sur La Table
The Spa at Cedarbrook Lodge

NAIOP Washington thanks its 2015 Night of the Stars Judges:
Bob Tiscoreno – Tiscoreno Associates
Kelly Mann – ULI Northwest
Kris Beason – Mortenson
Laura Ford – Colliers
Nancy Rogers – Cairncross & Hemplemann
Peter Orser – UW Runstad Center for Real Estate Studies
Rob Aigner – Harsch Investment Properties
Tom Parsons – Holland Partner Group

Night of the Stars 2015 is sponsored by Kidder Matthews (Platinum Sponsor) and Puget Sound Business Journal (Media Sponsor). For a complete list of sponsors, please visit NAIOPwa.org/events-night-of-the-stars.

About Walter P. Costello
Prior to retirement, Wally Costello was the Senior Vice President of Commercial Development for The Quadrant Corporation, responsible for managing all of Quadrant’s commercial land and building development in the Puget Sound Region, including suburban, as well as inner city business parks, high tech and office complexes. Wally was involved in the development and planning in excess of 5,000,000 square feet of office, high tech and industrial buildings. In addition to building development, Wally was involved in the planning and development of a number of business parks throughout the Puget Sound area ranging in size from 20 to 350 acres.

Wally served on the board and is a Past President of NAIOP Washington State. During his tenure as a NAIOP board member and President he was a big booster of Government Affairs for a number of years, encouraging members to be involved with Golden Gavel. He also encouraged members to be involved in Community Enhancement and was very proud to represent NAIOP in delivering the check on the Leukemia Society Telethon, one of NAIOP’s early Community Enhancement projects. He was on the board and past board chair of the Economic Development Council of Seattle and King County and a past board member of the Bellevue Downtown Association.

Click to download a high-resolution photo of Walter Costello.

About NAIOP Washington State Chapter
NAIOP Washington State is a trade association for developers, owners and investors in the industrial, office and related commercial real estate industries. The chapter, founded in 1976, is the fifth-largest and one of the fastest growing chapters nationally, with over 750 members representing most of the region’s leading firms in commercial real estate development. It provides a number of opportunities for professional development and serves as a comfortable and welcoming forum for networking and business improvement.

NAIOP’s Washington State chapter is known for its philanthropy, with hundreds of its members volunteering each year on projects ranging from stream recovery to social service center renovations. This year, NAIOP Washington State celebrates 25 years of service, and volunteers will renovate YMCA Camp Terry on October 3.

The chapter’s presence is also well-known in political circles, and its members have successfully impacted proposed legislation that affects the commercial real estate industry.

Business development and networking opportunities include monthly breakfast meetings and in-depth seminars focusing on current issues associated with commercial real estate.

Press contact:
Daphne Adair
[email protected] 

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