On 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.
On 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).
On 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.
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.
Despite 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.
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.
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.
Congratulations to the NAIOPWA Government Affairs and Membership Committees, as well as our own Executive Director Peggi Lewis Fu for top honors at NAIOP's 2018 Chapter Legislative and Leadership Retreat! Our volunteer and staff leadership were honored with 2018 Chapter Merit Awards for above-and-beyond efforts, including the most new members in 2017.
Special thanks to our Government Affairs chairs, Nancy Rogers and Donnie Belk, and board liaison Ann Bishop; and our 2017 Membership chairs, Danny Jackson and Steve Cory, and board liaison Monty Kilcup; as well as 2017 Chapter President Kristin Jensen. You make NAIOPWA the leading organization for CRE professionals in Washington State.
NAIOP WA's Real Estate Challenge is an annual contest matching teams from real estate programs at Portland State University, the University of British Columbia and the University of Washington 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.
NAIOP WA is pleased to announce the City of Tacoma as the site sponsor for this year’s Real Estate Challenge. The 0.56 acre property, located at 728 Market Street in downtown Tacoma, is zoned Downtown Commercial Core, providing teams with an opportunity to evaluate market-rate urban development consistent with Tacoma’s urban design guidelines.
NAIOP WA members and supporters gathered for January’s in-depth presentation from the Runstad Center’s Affiliate Fellows on designing for density that is both equitable and sustainable in our region for the next 100 years.
Before the panel started, NAIOP Washington State outgoing president Kristin Jensen introduced the incoming chapter president, Tony Toppenberg. Tony has been heavily involved in NAIOP since 2007 and was awarded the Volunteer of the Year Award in 2012. He has served on multiple committees, chaired the Membership Committee, and served as treasurer. Tony has 18 years of experience in the construction industry with the last 15 in Seattle. He will serve a one-year term as chapter president.
Dana Kimble, Assoc. DBIA, is a Business Development Manager with Coffman Engineers, a multidiscipline engineering firm that serves as both a prime and sub consultant for clients in various markets including industrial, retail, government, healthcare and institutional. Founded in Bellevue 1979, Coffman now has 12 offices with 465 employees that serve clients across the U.S. and overseas. Disciplines include: Mechanical, electrical, civil, structural, fire protection, and corrosion control engineering, as well as commissioning and testing and balancing services.
As reported by NAIOP Corporate, the tax reform legislation recently passed into law by Congress has significant beneficial impacts for the commercial real estate industry. Among other changes, the legislation will:
NAIOP 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.
NAIOP Washington State thanks our renewing members for 2018. There's still time to renew! Click here to learn how to renew online or to download an invoice.
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Jessica Hickey, 1029 consulting inc. |
Welcome and congratulations to our October 2017 new members!
The October 2017 breakfast focused on the development of Fremont, one of Seattle's up-and-coming commercial hubs, and the great strides already made in the sustainability of this neighborhood.
President Kristin Jensen opened the meeting by thanking our sponsors, Rushing, Baylis Architects, Venture GC, and Vulcan Real Estate. Kristin reported that we currently have 924 members and are the fourth-largest NAIOP chapter. Kristin also reported that the Community Enhancement Project at Farmer Frog was a success. Good work everyone!
Night of the Stars 2017 Winners Include Weyerhaeuser Headquarters, UW’s Global Innovation Exchange, Expedia’s 645 Elliot and the Marion WestIn 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, Douglas Howe joins the ranks of the vaunted for his contributions to Seattle and the Northwest’s built environment, as well as to the NAIOP organization. As founder and Chief Executive Officer of Touchstone, Douglas built a reputation developing commercial office, biotechnology R & D, retail and hotel properties that make a positive impact on the built environment—whether restoring historical landmark structures or constructing award winning, architecturally distinctive new buildings. Currently, Douglas is Governor of the NAIOP Research Foundation; he served as Chairman of NAIOP in 2009 and as President of NAIOP Washington State in 2004. Read more about Douglas Howe.
Lanzi Li is Associate Project Manager with Heartland, a small, Seattle-based commercial real estate advisory firm that has been around for 30 years. Heartland’s portfolio of advisory projects encompasses the full range of economic sectors, real estate product types, geographies and client types. Despite the variety of contexts, we are advisors first and work with our clients from strategy development to analytics and on through implementation.
As NAIOP WA's 900th member, Lanzi received this opportunity to be featured on the NAIOP WA blog and in our newsletter, as well as a season pass to our 2018 breakfast meetings. Who will be our 1,000th member? Join today for your chance to be featured and receive a special event registration bonus.
SEATTLE – In a reflection of Seattle and the Puget Sound region’s strong commercial real estate activity, NAIOP Washington State recently became the fourth-largest chapter of NAIOP, the commercial real estate association.
NAIOP Washington State is committed to members’ professional success and to an overall, long-term positive environment for business and development in the region.
