Real Estate Challenge 2019: 5th & Bell Project

The Real Estate Challenge is an annual contest matching teams from real estate programs from regional universities in a competition that focuses on a development/redevelopment project in the Puget Sound area. Teams are tasked with forming a proposed investment strategy based on the site sponsor’s needs. Site selection begins in early August and the contest itself runs from January through mid-March. Final presentations will be made—and the victorious team announcedat the 2019 March Breakfast.

2019 Site Sponsor: Merlino Properties

The 2019 Pacific Northwest NAIOP Real Estate Challenge concerns a site at 5th and Bell owned by this year’s sponsor, Merlino Properties. Three select student teams from The University of Washington, Portland State University and The University of Vancouver real estate programs will be presented with site information and market details, and will work with local market subject matter experts to formulate a full development analysis and pursue the best achievable return. A panel of judges active in the local market will announce the winner after final presentations at the NAIOPWA March breakfast event in Seattle.

Sponsor REC 2019 


REC 2019 Site Sponsor