During the NAIOPWA event, “Navigating the Carbon Offset Market” attendees met in a cozy lounge space at MG2 to network and listen to four diverse local industry experts talk about a timely topic: carbon offsets.

The 2023 legislative session drew to a close in April, marking the end of a session that has been billed by some as the ‘Year of Housing’ for Washington State. A remarkable 1,776 bills were introduced, and a staggering number of those bills pertained to housing, development, and commercial real estate.

NAIOP Washington State, a nonpartisan organization committed to creating a favorable political and regulatory environment for the commercial real estate industry, engaged deeply with lawmakers to advise on these bills and advocate for our industry. Lawmakers engaged NAIOPWA’s Government Affairs Committee leadership before session, requesting input on proposed bills and assistance in authoring bills, and continued to engage with NAIOPWA throughout the legislative session.

NAIOP Washington State’s Sustainable Development Committee elected to undertake a hot topic for 2023: Adaptive Reuse. The buzz is everywhere, so how do we synthesize that broad topic into bite size chunks? On April 6, 78 attendees took on that task with great energy.

Washington State Legislature 2022 End of Session Summary/Update for NAIOPWA Members

The Washington State Legislature is down to the last two weeks in the 2022 legislative session, and several bills of interest for CRE continue to be amended and are moving forward, including SEPA reform, GMA vesting, and building codes.

Click here for this week's update (members-only content; login required) on key issues for NAIOPWA members this session. 

It's an all-hands-on-deck race to the deadline in this short session! Legislators (and NAIOPWA's Government Affairs team) are working around the clock, every day of the week, to make amendments, address suggested amendments, and pass the bills! NAIOPWA's team focuses on bills and issues that will support a positive business environment for commercial real estate in Washington state. 

Click here for this week's update (members-only content; login required) including information on bills related to CRE with updates on key issues for NAIOPWA members this session. 

The 2022 session of the Washington State Legislature is reaching its midpoint.  On February 3, bills needed to pass out of policy committees.  On February 7, all bills must pass out of fiscal committees.  And all bills, unless needed to implement the budget, must pass out of the house of origin by February 15.

The legislative session continues to operate remotely, with all committee hearings entirely remote and floor action mostly remote, with a few legislators in person.

Week three is behind us, with this Thursday being the cut-off for all bills to pass out of their committees of origin; after that, the slate will focus on "live" bills of concern to the CRE community.

Click here for this week's update (members-only content; login required) including information on bills related to CRE including possible green roof requirements, rent control, SEPA reform, middle housing and more. 

NAIOP Washington State would like to thank all the financial and in-kind sponsors who made 2021 Community Enhancement at Auburn Valley YMCA possible, as well as the Community Enhancement Committee members who supported this project for over the last two years.

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.

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.

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. 

NAIOPWA’s Sustainable Development Committee held its fourth annual Change Makers event on June 27, 2019. The event brings together voices from a diverse group of local change-making organizations making social, environmental, and economic impacts, and establishing Seattle as a leader in sustainable development and beyond. The goal was to pool our collective wisdom, challenge assumptions, reach across boundaries, and explore what's possible when everyone pulls in the same direction.

On June 20, the South Sound Committee, in conjunction with several local, active companies, including Davis Property and Investment, joined in on the Big Invitational, a fundraiser golf/networking event held annually at Washington National Golf Club in Auburn and put on by Big Brothers Big Sisters of Puget Sound.

Over the years, BBBSPS has worked with the South Sound Committee to keep the tournament specific to commercial real estate, and the excitement in the south-end development market shone strong this year with this twelfth annual Big Invitational selling out more than a month ahead of time and raising over $112,000 for Big Brothers Big Sisters!

Most of us know the ports in Washington as little industries within themselves, responsible for Washington’s link to international trade around the globe and the distribution infrastructure of our region. Ports also manage airports and public marinas, and support additional recreational opportunities via parks and open spaces. 

The predictions for the year ahead at the annual Broker Forecast were as sunny as the morning itself. The words butterflies and pots of gold, and phrases like riding the top of the wave, were used amid the rising lines of the charts and statistics shared as the three key real estate professionals talked about the aspects driving tenant decisions today and for the year ahead, as well as trends driving the industrial market.

I didn’t think I was surrounded by hockey fans, but I couldn’t have been more wrong.

At the March breakfast, we joined the Real Estate Challenge Committee for the culmination of the 16th Annual Challenge with three university teams presenting their proposals for Merlino Properties’ 5th and Bell site, and we heard from four Belltown neighborhood experts on the area’s future growth.

Wednesday’s meeting started with the passing of the gavel and official induction of Scott Mathews as the 2019 President of NAIOP Washington State. Scott is the Senior Director, Acquisitions & Residential Development, for Vulcan, Inc. Much gratitude was given to Tony Toppenberg of Turner Construction Company for his service this past year.

On Wednesday morning, we heard from three of Seattle’s commercial real estate innovators on their strategies in affordability amid the city’s rapid growth and development.