November 7, 2024
NAIOP’s Night of the Stars: Let’s round up the winners!
This year’s office development
Fun fact: New buildings do not need to be 100% complete this year to be considered for NAIOP Washington’s annual “Night of the Stars” awards, just near-complete is sufficient. (Or it could be completed by the middle of last year.) These honors were bestowed this Friday at the Hyatt Regency Bellevue. Industry experts made the final decisions based on prior recommendations from NAIOP members, many of whom are DJC readers. There are also some special categories.
Below is a summary of special awards, people, and projects. For all nominees and winners, please visit NAIOP’s own dedicated website: https://tinyurl.com/NAIOP2024Stars.
Award history
Hall of Fame Inductee: Long associated with Harsch Investment Properties (formerly CBRE and Colliers), Rob Eigner began his career on the Eastside in 1980. He is also a past state chapter president of NAIOP. He has now retired from Hirsch and continues to work as a consultant. He also has a long-standing relationship with the University of Washington Randstad School of Real Estate.
Best Developer: Vulcan Real Estate. The company’s entire portfolio includes projects such as Lake Union Pier in Bellevue, West Main, the new 261-unit Wayfarer in Yesler Terrace, and 555 Tower (also known as Sonic), the tallest building in Bellevue occupied by Amazon. was cited. NAIOP cites “market leadership in sustainability and diversity, and agility in changing market conditions.” Its longtime leader is Ada M. Healy.
this year’s deals
Developing community impact this year
Multifamily developments this year: Less than 100 units
People’s Choice Award
Deal of the Year: Don’t let the name fool you. Bridge Point I-5 Seattle is actually not located in Seattle, but in Milton, south of Pierce County. Building 1 is the largest and first of four new industrial buildings in the Bridge. Kidder Matthews recently acquired Boeing as a tenant for approximately 1 million square feet in Building 1. Three more planned buildings have roughly the same amount of space. Mike Newton, Todd Clark, Craig Heater and Dane Dahline of Kidders are acting as brokers.
people
Multifamily broker: Eli Hanacek of CBRE. He and a colleague recently sold Skye Sammamish for more than $70 million. They also plan to sell the old Microsoft building in a vacant building in Redmond, demolish it and build 641 new units.
Investment Broker: Brett Hartzell, also CBRE. His current properties also include a Tesla-leased building in Renton. He has been involved in many other recent transactions.
Industrial broker: Matt McGregor of Colliers. He and his team were participating in an October sale in Kent worth more than $47 million. And, as you can see below, he was also involved with Frederickson Wang.
Office Broker: Michael Dash of CBRE. He and his colleagues recently helped bring Pinterest to MetPark East.
Rising Broker: Sam Domar of JLL. His current properties include space at Lincoln Square South in Bellevue, 1201 Third in Downtown Seattle, and Key Center in Bellevue.
Retail broker: Tiffini Connell of West Coast Commercial Realty. She and her team landed the Trader Joe’s in Greenwood’s new Hemlock from Washington Holdings (see below).
Judge’s Choice: CBRE’s Katlin Essentials. An attorney and airport real estate expert, she has worked closely with Boeing, the FAA, and many airports and their lessees. She also frequently appears in national media.
project
Affordable Housing Developments of the Year
This year’s high-rise residential developments
Multifamily residential urban development of the year: 100+ units
Hospitality developments this year
Multifamily suburban development this year: 100+ units
The judges choose: This year’s senior living developments
sustainable development this year
This year’s industrial speculation development
Jury’s Choice: Icon Award
Redevelopment/Renovation of the Year
Affordable Housing Development: John Fox Place in North Seattle was developed by the Low Income Housing Association. It was built by Excel Pacific, with Pyatok Architects and Hewitt as architects, and opened this spring with 104 units.
Community Impact Award: Station Space. This is a new art space inside the historic King Street Station. Designed by Side x Side Architects (formerly SKL Architects) and built by Sellen. Five nonprofit organizations have signed 60-year no-cost leases.
High-rise residential development: Dutch Partner Group’s 45-story Ayer opened in February with 430 units. The Dutch built the Denny Triangle Tower with Weber Thompson as the architect.
Historic Renovation: Washington Park Building. This renovated 134-year-old waterfront gem is still looking for a tenant. (If you’re interested, contact Broderick Group. Please!) WG Clark Construction, Lake Union Partners and architects BuildingWork handled the redo for Unico Properties and Pinnacle Partners.
Hospitality Development: 7 Seas Waterfront Taproom. If you’ve never been, it’s located in Gig Harbor. Ferguson Architecture and Washington Patriot Construction handled the work for Horsehead Investments. It overlooks the harbor itself, just north of the Tacoma Narrows Bridge. So it’s worth the drive. The two-story building is 6,000 square feet with outdoor seating and dozens of taps. This is the second location after Tacoma, but could the Seattle branch be far behind?
Industrial Speculation Development: Frederickson One, Spanaway, Buildings 4 and 7. Boeing acquired the two buildings late last year. The logistics real estate firm worked with Colliers’ Matt McGregor and Bill Condon to lease the duo, which measures approximately 845,618 square feet. Nelson was the architect, Poe the builder. All six buildings will be approximately 3 million square feet in area.
Mixed-use development: The Wright family and MainStreet Property Group’s Siteline opened 214 units on the east side of Seattle Center in January of this year. It also houses offices for Wright’s Space Needle activities. GenCap Construction and Encore Architects supported this effort.
Multifamily (less than 100 units): JG Whittier’s 54 units opened late last year at 7750 15th Ave. NW in Ballard. Johnston Architects designed the four-story project, which was purchased by a local family before BMDC Services (formerly Belotti + McHugh) began construction.
Suburban apartment complex (100+ units): Avalon Bothell Commons. The phased development, once the site of the Seattle Times printing plant in North Creek, currently has approximately 467 units under construction, including townhouse rentals and commercial space. (The final number of units will reach approximately 800.) GGLO designed the project for builder/developer AvalonBay Communities.
Multifamily urban housing (100+ units): Washington Holdings’ Hemlock opened 293 units late last year. It will be home to a new Trader Joe’s, replacing the old Safeway. GGLO was the architect and WG Clark was the builder.
Office Development: Northlake Commons. Everyone will love this amazing, mostly wood project located on the Dunn Lumber Campus next to the Burke-Gilman Trail. The project was a venture between the Dunn family, Hess Callahan Gray Group, and Spear Street Capital. The 64,500-square-foot Weber Thompson-designed project was built by Swinnerton and currently includes Allen AI Institute and Wayland Mill Restaurant as tenants.
Inside the office: Riot Games Remote Broadcast Center. Riot Games is headquartered in the former Farmers Insurance building on Mercer Island. The new esports Broadcast Center (RBC) is housed in an industrial building in north Des Moines and was completely renovated by Irish architect Henry J. Lyons and local firm Fi Architecture in collaboration with Abbott Construction and owner representative LPC West. did. A new orthogonally laminated timber mezzanine contributes 73,000 square feet of high-tech studio, office and lounge areas.
Redevelopment/Renovation: U.S. Bank Center, also known as Cedar Hall. SkB Architects and Andersen Construction comprehensively renovated the three levels totaling approximately 155,000 square feet. (Some may remember the old branding of the EQ Office-owned tower at 1420 Fifth Avenue as Pacific First Center.) Now home to works by Dale Chihuly, Olympic Coffee, Jimmy Johns, Sushi Please, Restaurant, and more It boasts public art including; The Italian restaurant, planned by the owners of Il Terrazzo Carmine, is scheduled to open next year.
Sustainable development: Microsoft East Campus Modernization is approximately 72 acres with seven new buildings currently open (and more to come), bringing the total project area to well over 2 billion square feet . This multi-year project, with a long list of builders and architects attached, aims to be a very green and low-carbon operation. (Microsoft’s Thermal Energy Center, with its thermal wells, also received NAIOP approval last year.) It also has excellent transportation links, connecting to the Redmond Technology Station and the freeway leading to the Redmond Technology Station. It is also pedestrian friendly with a new canopy bridge across it. West campus.
Judges’ Choice Senior Living Development of the Year: Aegis Living Laurelhurst. Near Five Corners, Ankrom Moisan designed the campus’ Gothic buildings to resemble the UW campus. Excel Pacific built the six-story, 136-unit project, which opened in May.
Jury’s Choice Icon Award: Seattle Storm Center for Basketball Performance. Interbay’s office and practice facility opened in April. Thelen built the two-story, 53,000-square-foot project, which was designed by ZGF Architects and Shive-Hattery Architects of Indiana. In addition to the hardwood courts, the facility also features locker rooms, player lounges, a strength and conditioning center, training and treatment spaces, hot and cold plunge pools, and recovery spaces.
People’s Choice Award: Wesley Des Moines Redevelopment. Developed in the 1940s on approximately 42 acres, this affordable senior community was expanded upon in the 2000s. About 10 years ago, a new round of gradual renovations, selective demolition and some new buildings began. The effort was led by InSite Architects, Walsh Construction, Edge Construction, and developer Senior Housing Partners. (Owner Wesley Holmes, a faith-based nonprofit, is based in Minnesota.) Walsh values the project at more than 300,000 square feet.
Brian Miller can be reached by email at brian.miller@djc.com or by phone at (206) 219-6517.
