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WA Real Estate Development Added $8.9B to State Economy in 2020

Washington is the #9 state in the U.S. for contributions to state GDP created by office real estate development. Overall, construction and development of office, industrial, warehouse and retail created and supported 54,983 related jobs and contributing $8.9 billion to the state’s economy in 2020 (the most recent data available).

The data is from “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published annually by the NAIOP Research Foundation. 

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NAIOP Washington State Honored as 2020 Chapter of the Year – Repeat Achievement Signals Continued Strength of Organization

NAIOP Washington State Honored as 2020 Chapter of the Year

Repeat Achievement Signals Continued Strength of Organization

SEATTLE – NAIOP Corporate has honored NAIOP Washington State as Chapter of the Year for its 2019 performance, recognizing the chapter’s advocacy efforts, exceptional diversity and inclusion efforts, member engagement, and organizational growth. NAIOP’s annual merit awards program evaluates chapters on a national basis by chapter size for their education, government affairs involvement, member recruitment and retention, communications, and chapter management. 

“NAIOP Washington State is consistently among our best-performing chapters,” said Thomas J. Bisacquino, NAIOP president and CEO. “This year, it was our honor to recognize them as Chapter of the Year for their significant lobbying efforts, their strong membership recruitment and retention strategies, and their successful education and networking events that raise the profile of NAIOP and commercial real estate in the greater Seattle market. Congratulations to the chapter and its leaders for their commitment to and enthusiasm for our industry and association.”

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NAIOP WA 2018 Wins Three Chapter Merit Awards [Press Release]

NAIOP Washington State Wins Three National Chapter Merit Awards Honoring Leadership in Government Affairs, Member Growth and Executive Leadership

Peggi Lewis Fu headshot

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. 

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NAIOP WA honored with record three awards at 2018 Chapter Legislative & Leadership Retreat

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.

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Tax Reform: What it means for CRE

Capitol Building at night

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:

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NAIOP Washington State Growth Increases and Improves Chapter Ranking, Jumping to Fourth-Largest NAIOP chapter in North America [Chapter News]

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.

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Get to Know NAIOP’s 2017 Hall of Fame Inductee: Douglas Howe

Be humble and always be flexible.

Douglas Howe headshotAnyone who knows Douglas Howe knows that his charismatic personality, dedication to his craft and keen business sense have made his success what it is today. His passion to develop buildings that make a positive impact on the built environment, his humility and the ardent viewpoint that he’s a student of his field even after forty years are also hallmarks of his tenure—one that’s made a significant difference to the Seattle urban core and the Puget Sound region.

NAIOP Washington State will honor and induct Douglas Howe, founder and former CEO of Touchstone, into its Hall of Fame at the 2017 Night of the Stars awards. The Hall of Fame was created to recognize the people who laid the groundwork for the industry today and have helped shape the character of the region and the great cities in Washington. Under Douglas’ leadership, Touchstone has broken ground on 12 projects comprising nearly three million square feet and is currently developing two million square feet of real estate.

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Economic Impact of Commercial Real Estate in Washington State [NAIOP News]

Report: Commercial Real Estate in Washington State Supported 43,130 Jobs and $6.3 Billion of GDP in 2016

SEATTLE – In late February, the NAIOP Research Foundation released the NAIOP Economic Impacts of Commercial Real Estate report (2017 Edition). The report is conducted for purposes of estimating the annual economic contribution of commercial real estate development to the U.S. economy. 

National highlights from the 2017 report include:

  • Commercial real estate development supported 6.3* million American jobs in 2016 (a measure of both new and existing jobs).
  • Commercial real estate development contributed $465 billion to the GDP* in 2016.
  • There were 410.1 million square feet of commercial real estate space built in 2016, with capacity to house 1.1 million new workers.

Locally, 2016 economic impacts in Washington State included: 

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NAIOP Washington State Wins Chapter of the Year [Chapter News]

This morning in Washington, D.C., NAIOP Corporate named Washington State the 2017 Chapter of the Year, recognizing the overall strength of our local organization. The annual merit awards program evaluates chapter education, government affairs involvement, member recruitment and retention, communications, and chapter management. 

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Cephas Partners’ Mollie Fadule and Security Properties’ Davis Vaughn Receive NAIOP’s Developing Leaders Award

NAIOP, the Commercial Real Estate Development Association, has recognized Mollie Fadule, co-founder and partner, Cephas Partners, and Davis Vaughn, director, Security Properties, with its prestigious 2016 Developing Leaders Award.

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