NAIOPWA Announces 2024 Night of the Stars Finalists & First Winners: Historic Renovation, Local Taproom, & Tenant-Focused Industrial Project Ushering Community Renaissance

 

People’s Choice Award with Daily Voting on the NAIOPWA website begins Wednesday, September 18

 

SEATTLE – Announced today at the “Women Who Build Seattle” breakfast panel, finalists for NAIOP Washington State’s 2024 Night of the Stars Awards showcased the premier commercial real estate developments that are revitalizing the Puget Sound region, from office and residential towers to well-positioned industrial and biotech campuses.  

This year, finalists include six candidates for Developer of the Year, representing a mix of industrial, multifamily, mixed use and office developers.

Best practices for Electric Vehicle (EV) charging in a multifamily building
As the EV market continues to gain momentum, the need for EV charging capacity will only increase. All multifamily buildings will need to consider how to provide the charging infrastructure needed to fulfill this demand and create a more sustainable future. The high cost of development leaves most developers and owners budget constrained; this is why it becomes imperative to provide the most responsive charging system. This piece will consider the practical realities of what an EV driver desires and needs from a charging system and offer solutions for the most cost-effective way to deliver the most expansive system possible. You’ll learn that it is imperative for a developer to plan for charging capacity from the utility for 20-30% of the parking spaces with L2 type stations. (that is only for capacity. Actual deployment of stations is better served with a mix of L1s and L2 stations.) This will set up developments to maximize tenant satisfaction and charging capacity in the future.

The EV driver and their wants and needs
What does an EV owner and resident of a multifamily building want in terms of charging capacity, and how does this compare to what they need? Sure, we’ve seen the stations with a credit card reader that give a relatively quick charge, but are these types of stations the right ongoing solution for an EV driver living in a multifamily building? The reality is that these pay stations are best suited for someone in a bind who needs an emergency charge of their vehicle. Most often an EV driver needs a dedicated charging station located where they park frequently for long periods of time. This means that residents of a multifamily building are best served by a dedicated parking space and charger. It’s that simple. All the other chargers serve as backups or sources needed for taking longer trips.

SEATTLE – Presented on Friday night at the NAIOPWA 2023 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community. Additionally, NAIOPWA’s 2023 Night of the Stars finalists highlight important strides made in sustainable development, unique historical renovation, and a continued commitment to world-class development in the Greater Puget Sound area. 

2023 NAIOPWA Night of the Stars Finalists & First Winners Announced | Annual People’s Choice Award with Daily Voting Runs Sept 20 – Oct 6

SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year. With the announcement, People's Choice voting begins online and runs through Weds., Oct. 6. 

Vote for People's Choice!

 

Congratulations 2022 NAIOPWA Night of the Stars Winners!

John Pietromonaco inducted into NAIOPWA Hall of Fame  

Presented on Friday night at the NAIOPWA 2022 Night of the Stars Gala, the awards honored an impressive slate of commercial real estate projects that serve the community with innovations in retail, office, industrial and multi-family development.

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community throughout the COVID-19 pandemic. Additionally, NAIOPWA’s 2022 Night of the Stars finalists highlight the growth in transit-oriented development (TOD), multi-family housing from high-rise urban to supportive housing, and various programs that encourage development in underutilized regions such as Opportunity Zone funding.

2022 NAIOPWA Night of the Stars Finalists & First Winners Announced

John Pietromonaco to be inducted to NAIOPWA Hall of Fame | Annual People’s Choice Award with Daily Voting Runs Sept 21 – Oct 5

SEATTLE – Announced at NAIOP Washington State’s September Breakfast, the slate of competitors for the association’s annual Night of the Stars Awards once again showcases the best commercial real estate development projects across the state completed in the past year. With the announcement, People's Choice voting begins online and runs through Weds., Oct. 5. Also announced was NAIOPWA's 2022 Hall of Fame inductee, John Pietromonaco, who joins the ranks of leaders honored for their essential contributions to the built environment of the Puget Sound region and to the CRE community through their involvement in NAIOPWA and beyond. 

Vote for People's Choice!

The projects, and the developers who engaged them, demonstrate the flexibility and ingenuity of the CRE community throughout the COVID-19 pandemic. Additionally, NAIOPWA’s 2022 Night of the Stars finalists highlight the growth in transit-oriented development (TOD), multi-family housing from high-rise urban to supportive housing, and various programs that encourage development in underutilized regions such as Opportunity Zone funding.

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:

NAIOPWA is a member of the Partnership for Affordable Housing. We are committed to policies that increase housing creation, access, and affordability. Legislators are considering a rent control bill that would have grave consequences for housing creation and long-term access to affordable housing. SB 5139 would impose the strictest rent control in the nation.

Honoring Excellence: NAIOPWA’s Night of the Stars 2020 

Honorees showcase the best regional commercial real estate development in 2020 with an emphasis on creative multifamily mixed-use, sustainability and last-mile delivery 

SEATTLE – At today’s first-ever virtual NAIOPWA Night of the Stars, the commercial real estate community honored the year’s most innovative, creative and inspiring CRE projects in Washington state. Completed between July 1, 2019, and August 1, 2020, these projects particularly demonstrate the flexibility and strength of the local CRE industry in the face of a global pandemic. 

The 2020 winners and finalists reflect major shifts in our region toward affordable, multifamily housing that creatively supports communities, as well as the rapid increase in industrial real estate supporting last-mile delivery. This year, as always, judges used a rubric to evaluate and score projects according to defined criteria and made category adjustments reflecting the unique nature of projects, such as dividing industrial projects into those built on spec and those built to suit. This year, too, the full immersion of sustainable practices in the region’s development projects lead to multiple honorees in different market categories. 

NAIOPWA's Night of the Stars identifies outstanding real estate developments and activities in a variety of market types and the individuals who made the projects happen. The awards aim to honor the teams who build our landscape in this annual celebration of the industry. Each finalist project was evaluated for impact on the community, market adaptability, ingenuity and local contributions. 

What does it mean to go first? In celebration of NAIOPWA’s Night of the Stars inaugural “Sustainable Development of the Year” category, here is a closer look at the two nominees, each of whom elected to be on the front edge of sustainable real estate development. Read below to learn more about these two industry-leading endeavors.

What is the first thing many developers or investors think when they hear the words “sustainable” or “green” as their architects describe their building design? For decades the common perception has been that it is difficult (if not impossible) to make a deeply green building pencil financially. However, by definition “sustainability” is the nexus of environmental, social and economic progress. We interviewed key participants representing both Watershed and Inspire at the Russell W. Young Building to learn how they overcame perception to create these very special properties.

2020 NAIOPWA Night of the Stars Finalists & First Winners Announced

Fourth Annual People’s Choice Award with Daily Voting 9/16 – 10/6

SEATTLE – Announced today, category finalists for NAIOP Washington State’s 2020 Night of the Stars Awards showcase the best commercial real estate development projects in Washington State completed between July 1, 2019, and August 1, 2020—a period in which we have faced a global pandemic, as well as the effects of new legislation and rapidly evolving municipal planning in our region. The 2020 finalists on the whole reflect major shifts in our region toward affordable, mixed-use housing developments that embody and honor community heritage, as well as the rapid increase in industrial real estate supporting last-mile delivery. 

As always, Night of the Stars finalists and winners show how a world-class commercial real estate industry supports the evolution of our region’s businesses, homes and organizations. The first two winners for 2020 are Kirkland Urban, Mixed-Use Development of the Year, and NEXUS, High-Rise Residential Development of the Year. While these two winners stand alone in their respective categories, we again saw a significant number of multi-family nominees, meriting separate categories based on size. 

Notable 2020 finalists include, among dozens more: 

• The Starlite Distribution Center, entirely conceived and developed on a former drive-in movie theater site in the midst of quarantine;
• Seattle Children's Research Institute: Building Cure, the first high-rise building to provide office space, lab space and outreach facilities for patients in a single location;
• and Solis, a first for NAIOPWA's Night of the Stars: a passive house multi-family project that achieves significant environmental gains without a big price tag.

Winners will be announced on Friday, November 6, at our first-ever virtual Night of the Stars. Thanks to new online event software, pre-registered guests will enjoy conversation and camaraderie at their virtual tables online before winners are announced. Learn more about Night of the Stars 2020 online. 

The 2020 finalists' gallery is now live in the NAIOPWA app where the commercial real estate community may cast their first votes for this year's People's Choice honor; voting will continue in the app and online through October 7. NAIOPWA supporters, project team members, and the industry community can vote for one project per day that they feel represents best-in-class in CRE for our region. Visit NAIOPWA.org/app for download links and information on setting up an account or resetting passwords. 

Night of the Stars 2020 Winners & Finalists
WINNER: High-Rise Residential Development of the Year: NEXUS
WINNER: Mixed-Use Development of the Year: Kirkland Urban

Affordable Housing Development of the Year
An Lạc 
Mercy Magnuson Place

Community Impact Development of the Year
Seattle Children's Research Institute: Building Cure
Gardner House and Allen Family Center

Developer of the Year
Panattoni Development Company
Vulcan Real Estate 

Hospitality Development of the Year
7 Cedars Hotel
citizenM South Lake Union hotel
Hotel Indigo Everett Waterfront
Capitol Hill Food Hall

Industrial Build-to-Suit Development of the Year 
Ballinger Heated Storage
Best Buy Fulfillment Center
UNFI Pacific Northwest Distribution Center

Industrial Speculative Development of the Year
Frederickson ONE
Glacier Peak at Riverside Business Park
Starlite Distribution Center
Sumner Ridge

Multi-Family Residential Development of the Year: Fewer than 100 Units
Flyway
Robin’s Nest
Solis
The Village at Westgate

Multi-Family Residential Suburban Development of the Year: More than 100 Units
Bell Marymoor Park Apartments
The Main Apartments + Lofts
Modera Redmond
The Pop

Multi-Family Residential Urban Development of the Year: More than 100 Units
Jackson Apartments
Koz at the Dome 

Office Development of the Year
2+U
333 Dexter
Cedar Speedster

Office Interior of the Year
F5 Headquarters
Digital Streaming Firm
EY Seattle
Highspot Seattle Headquarters
Hudson Pacific Regional Corporate Office

Redevelopment/Renovation of the Year
BMW of Bellevue
Columbia Center Sky Lobby
DeLille Cellars Wine Production Facility & Corporate Headquarters
Lam's Seafood Asian Market - Tukwila
Pacific Place Repositioning
T-Mobile Headquarters - Building 2

Retail Development of the Year
Pioneer Crossing
Wilburton Village

Sustainable Development of the Year
Inspire at the Russell W. Young Building 
Watershed

NAIOP Washington State thanks its 2020 Night of the Stars Judges:
Jessica Clawson, Partner, McCullough Hill Leary, PS
Mark Dibble, Partner, DSC Capital
Travis Hale, Partner, Panattoni Development Company
Cleita Harvey, Managing Director, JLL
Kristin Jensen, Managing Director, Gensler
Warren Johnson, Director of Business Development, The Walsh Group 
Chris Rossman, Senior VP, Development Sourcing, The Wolff Company
John Savo, Partner, NBBJ
Derek Speck, Economic Development Director, City of Tukwila

Night of the Stars 2020 is sponsored by O’Keefe Development (Platinum Sponsor) and Puget Sound Business Journal (Media Sponsor). For a complete list of sponsors, visit our website.

About NAIOPWA Night of the Stars
NAIOPWA's Night of the Stars identifies outstanding real estate developments and activities in a variety of market types and the individuals who made the projects happen. The awards aim to honor the teams who build our landscape in this annual celebration of the industry. Each finalist project was evaluated for impact on the community, market adaptability, ingenuity and local contributions.

Poll Results: As Tenants Struggle, Property Owners Reach Out in Support 
"We will do what it takes for the tenants to survive. Their success is our success."

SEATTLE - On April 16 and 17, NAIOPWA circulated our first “flash poll” to the region’s commercial real estate community, including members and the community at large. Over two days, 54 professionals representing property owners and developers responded to the survey, providing 119 total responses across seven asset types: office, industrial, retail, multifamily, hospitality, mixed-use, and healthcare. 

Poll results represent a snapshot of the current state of the industry, which relies on a diverse business environment that abruptly narrowed in early March. As we might expect, rent/lease payments were down in April and are expected to drop further next month. But regional CRE owners and property managers are clearly united in creative and proactive solutions to keep tenants in their properties.

NAIOP, along with AGC, requested clarification on Governor Inslee's recent “Stay Home, Stay Safe” executive order as it relates to construction activities. The newly released Construction Guidance Memo is online.

In support of our 1,000+ association members, the commercial real estate business industry and the community at large, NAIOP Washington State has submitted an official request to Governor Jay Inslee and to the State Building Code Council requesting a 6-month delay in implementation of new building codes, to January 1, 2021.

One critical aspect of sustainability is resiliency, or how we bounce back from natural disasters. A little preparation can go a long way—but a lack of forethought can quickly lead to very difficult situations throughout a city or region. Remember the 2015 New Yorker article about the next big Cascadia earthquake? When the article was published, it prompted seemingly endless, yet interesting, discussions about the inevitability of a very large earthquake in the region, as well as dozens of follow-up stories giving advice on how to prepare. 

Fast-forward four years to Seattle Snowmaggedon 2019. Did you have a week’s supply of food and water in your home when the snow fell last February? Conditions weren’t anywhere near as bad as the name suggests, but empty grocery store shelves made a deep impression, whether you saw them in person like I did or on social media or the news. Those empty-shelf encounters were a fairly common experience. The takeaway is that there is only a few days’ food supply in our grocery stores, which is quickly exacerbated by disaster-inspired hoarding behavior and the breakdown of efficient but lean supply chains.

John Torrance inducted to the NAIOP Washington State Hall of Fame in recognition of his visionary work and its impact on the industry and the Seattle community | Double honors laud Microsoft’s Building 121 + 122, which won Redevelopment/Renovation Project of the Year & People’s Choice 2019
 
SEATTLE – Announced on Friday, November 8, at the annual gala event, NAIOP Washington State’s 2019 Night of the Stars Awards highlight how the development community continues to find creative solutions to support the Puget Sound market. For 2019, new categories this year in particular acknowledge growth in multi-family and affordable housing development to serve the fast-growing population and to address housing needs for families at all income levels.
 
Each year, Night of the Stars also honors an individual whose outstanding contributions in the CRE industry have changed the field and the region we call home. Best known for conceiving and promoting the “StarDome” retractable roof stadium concept for the Mariners’ home field, John Torrance, Principal of J.R. Torrance Properties, is this year’s honoree and the newest member of the Hall of Fame. In addition to the development of T-Mobile Park (then Safeco Field), Torrance has been involved in dozens of significant projects over the years, including Microsoft Headquarters, Washington Park Tower, and Insignia Towers, and helped create and build the company now known as CBRE. Click here to watch a video interview with John Torrance. 
 
Finally, each year, our judges recognize projects that make a special impact with the Judges’ Innovation Awards. These honors go to projects that stand out for criteria not strictly required for their category. They are projects make a strong impression on the judges, often transcending categorization. This year, the Judges’ Innovation Award for Regional Impact honors Propeller Airports Paine Field Passenger Terminal, which is enhancing traveler experiences at Paine Field as well as alleviating congestion at Sea-Tac Airport. And the Judges’ Impact Award for Innovation went to 621 Woodland Square Loop SE. The judges appreciated the risks undertaken to revitalize and redevelop a former utility office building into a Class A campus in Lacey, especially in consideration of the potential long-term positive impact on the city.
 
NAIOP Washington State congratulations all nominees, finalists and winners of the 2019 Night of the Stars for achieving tremendous success this year. The association also offers appreciation for the dozens of commercial real estate professionals and firms that participate as sponsors, judges, volunteers, and committee members to make NAIOPWA’s Night of the Stars awards and gala possible each year. Thank you.
 
Visit the Night of the Stars 2019 Project Gallery for project information and photos.
 
Night of the Stars 2019 Winners

Special Honors

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. 

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.

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.

Who demands multiple mentors, likes working individually and has an attention span of eight seconds? A despondent Gen X’er? Nope. A forgetful Baby Boomer? Nah. Look no further than those born the same year Windows 95 was released. We found out about this generation and their values and expectations at this month’s NAIOPWA breakfast.