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Bellevue & Seattle MFTE Updates [Member Advocacy Update]

Alongside our efforts at the state level to ensure the continuity of MFTE, the NAIOPWA government affairs/advocacy team continues to work in Seattle and on the Eastside on MFTE program implementation. Over the past year, our East Side Task Force in particular has worked with Bellevue city staff and council members on program amendments that would ensure the program operates more successfully going forward.

Based on feedback from many of our members, our primary areas of focus were:

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Three Big Wins in the 2021 Legislative Session

NAIOPWA has been involved with the state legislative process for more than four decades. It’s with this depth of experience that we report both that the 2021 session was one of the more challenging for our industry in recent years, and how we managed to come out with three significant wins this year.

During the session, dozens of bills were introduced that, if passed, would have had a devastating impact on the commercial real estate development community. While in the end, some of these were favorably amended and several others failed, many of the same issues are expected to return in 2022.

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Washington State Legislature 2021 Report – Week 14

Did you notice that we skipped a week of reporting? Greg Hanon was busily attending sessions, advocating for legislation that supports the CRE industry. One example: this week, an amendment was added to the proposed capital gains tax that exempts real estate. The session is scheduled to end on Sunday, April 26. Click here to continue reading this post (login required). 

NAIOPWA's state lobbyist, Greg Hanon, sends weekly reports for NAIOPWA members during the legislative session. These include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update. Member login is required to view the full update.

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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Statement Regarding Recent Hate Crimes

Violent hate crimes perpetrated in Atlanta this month have brought national attention to racism against the Asian American & Pacific Islander (AAPI) community. The AAPI community has faced racist attacks for far longer, and has struggled to have their voices heard by those outside their community. 

There have been nearly 3,800 recorded instances of hate crimes against the AAPI community in the past year.

Last June, NAIOPWA publicly committed to doing the work to address racism head-on by bringing diversity, equity and inclusion (DEI) topics and education to the forefront for the professional CRE community throughout our region. It is incumbent upon every single one of us to bring attention to these injustices now and always.

NAIOPWA stands in support of the AAPI community and all those who fall victim to racist attacks and hate crimes.  We encourage all our members, friends and colleagues to join us in a stand against racism, terrorism and violence.

Click here to learn more about our DEI program and how we're collaboratively working to diversify our membership and the CRE industry.   

Washington State Legislature 2021 Report – Week 11

Friday, March 26, was the 75th day of the Washington State Legislative Session, leaving 30 days to go with a number of major issues to try and resolve in that time.Click here to continue reading this post (login required).

NAIOPWA's state lobbyist, Greg Hanon, sends weekly reports for NAIOPWA members during the legislative session. These include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update. Member login is required to view the full update. 

Washington State Legislature 2021 Report – Week 10

The state legislative session heads into the home stretch this week, with just 33 days left in session, a Friday deadline for bill reporting and a draft budget expected from the senate this week. Click here to continue reading this post (login required).

NAIOPWA's state lobbyist, Greg Hanon, sends weekly reports for NAIOPWA members during the legislative session. These include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update. Member login is required to view the full update. 

State Capital Gains Tax & CRE - WA Legislature 2021 Report – Week 8

On Saturday, March 6, the state Senate passed a bill that would create a new capital gains tax in Washington State affecting any assets sold in excess of $250,000. Although the bill excludes real estate, as written, it would still have significant impact on the CRE industry. 

Click here to read more about the Senate bill and how it defines real estate, and how you can take action today. (Login required; member-only content.)

February 2021 Government Affairs Update + WA Legislature 2021 Report – Week 7

NAIOPWA Member McKenzie Darr of The Wolff Company has compiled a concise update of our chapter advocacy updates, including news and bills we're keeping our eye onFor more information about getting involved with NAIOPWA's government affairs efforts, click here.

State

The 2021 legislative session is underway. NAIOPWA is publishing exclusive weekly legislative updates online for chapter members. Select key pieces of legislation proposed this session are outlined below. 

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Washington State Legislature 2021 Report – Week 6

As reported last week, all bills that passed out of policy committees by the Feb. 15 deadline moved to fiscal committees, which have one week (deadline: Monday, Feb. 22) to consider the proposals before sending them to the Rules committee, where they can be considered for floor action. Budget-related bills are exempt from these cut off-dates and can be considered at any time. 

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Washington State Legislature 2021 Report – Week 5

After five weeks in session, all bills that passed out of policy committees by the Feb. 15 deadline move to fiscal committees. The fiscal committees now have until February 22 to consider the proposals before sending them to the Rules committee, where they can be considered for floor action. Budget-related bills are exempt from these cut off-dates and can be considered at any time. The week ended with a flurry of committee votes ... 

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Washington State Legislature 2021 Report – Week 4

We're beginning the fifth week of the session, and bills must be passed out of policy committees in one week's time--Monday, Feb. 15, is the deadline.

The early action COVID relief package is expected to pass the Senate this week (HB 1368). Both chambers now have transportation packages in play and a capital gains bill has been introduced in the House. 

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Washington State Legislature 2021 Report – Week 3

NAIOPWA's state lobbyist, Greg Hanon, sends weekly reports for NAIOPWA members during the legislative session. These include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update.

After three complete weeks in session, two weeks of policy hearings are next. Bills need to be passed out of policy committee by February 15.

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Washington State Legislature 2021 Report – Week 2

NAIOPWA's state lobbyist, Greg Hanon, sends weekly reports for NAIOPWA members during the legislative session. These include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update.

The Washington State Legislature has completed its second week. Each chamber is drafting preliminary 2021-23 budgets, which are likely to be released shortly after the March revenue forecast.

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Washington State Legislature 2021 Report – Week 1

NAIOPWA's state lobbyist, Greg Hanon, brings years of experience to his role supporting commercial real estate and the business environment in our region. While his work goes well beyond legislative session coverage and seasonal advocacy efforts, January through March (and sometimes longer) is a fast-moving period where experience and energy make a big impact. Each week, Greg sends reports for NAIOPWA members through our Government Affairs committee, which are posted in our app and online in this members-only blog space. The reports include a brief overview of session activity and highlights of the most pertinent issues for our industry. Additionally, Greg includes a complete list of bills and hearings that inform how we do business in Washington State. You'll see a link to download that list at the end of each short weekly update.

Click here to continue reading this post (login required).

Member Advocacy Update: What's Ahead in 2021 for Cities & WA State

What's ahead for commercial real estate in 2021? Seattle will have another wide-open mayoral election, Olympia will battle huge shifts in revenues related to COVID-19, NAIOPWA's seeing movement on initiatives on the Eastside, and much more is on the table. Click here to continue reading this post (login required). 

NAIOPWA Real Estate Challenge Announces Alexandria as 2021 Site Sponsor

NAIOPWA’s Real Estate Challenge Committee is proud to announce the 2021 Site Sponsor, Alexandria Real Estate Equities, Inc! The Real Estate Challenge is a development case competition in which students at three regional universities take on the role of developer. Each year, students focus on a different site and craft creative, innovative development proposals. Teams present their proposals to a panel of notable developers and investors, who adjudicate the winner of the Challenge and recipient of the coveted Bob Filley Cup.

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