Luma Condos Tour

The UW Real Estate Club recently had the pleasure of visiting one of only a couple newly-built high-rise condominiums in Seattle. Sited on historic First Hill, the 24-story LEED Silver residential tower contains 168 units, and boasts impressive 360-degree panoramic views extending from the Cascades to the Olympic mountain ranges.

Suzi Morris, senior vice president for developer Lowe Enterprises hosted the Real Estate Club tour with Red Propeller's Jim Goldberg, who was integral to shaping the identity, marketing, and promotion of the project. They explained how photography informed the developments high-contrast theme, as it is reflected everywhere from the choice of sleek external cladding materials to the specially-commissioned backlit prints that adorn each elevator lobby. 

 Thank you Jim and Suzi for a memorable tour and doughnuts, and congratulations on an outstanding addition to the Seattle skyline!

 

Project Tour - 3rd & Harrison Project

The UW Real Estate Club recently had the chance to tour Martin Selig Real Estate's new project at 3rd Avenue and Harrison Street in lower Queen Anne.  The building will be the new headquarters for Holland America Cruise line, which currently has offices near the site, as well as in downtown Seattle.  

The project will be complete later this year, with a total construction time of only 14 months.  Each of the five floorplates is approximately one acre, topped by a roof deck with views of Eliot Bay and a cafe where Holland America will have a test kitchen.

The team at Lease Crutcher Lewis explained how they addressed a number of challenges, from pouring concrete in the rain to building in a high density, mixed-use neighborhood.  Thanks to Martin Selig Real Estate and Lease Crutcher Lewis for an excellent tour!

Lease Crutcher Lewis Superintendent Doug Maxfield talking to Real Estate Club Students.

Fort Lawton Home Tours

The UW Real Estate Club recently toured the Fort Lawton homes, a project by Thrive Communities.  The project encompasses two sets of historic renovations to former military housing in Discovery Park.  The first, Montana Circle, is a group of 13 homes, with nine colonial revival homes built in 1900 and four brick homes built in 1935.  Renovations have been completed on these homes and all 13 have sold.  The second set of homes, Officer's Row, is up the hill from Montana Circle and comprises 13 more colonial revival homes built in 1900.  These are currently being renovated.

 

The group learned about Thrive's experience acquiring the properties from the government, complying with City requirements for historical preservation, and identifying a target market.  Discussions ranged from the specifics of construction design and materials to financing, budgeting, and market conditions for sales.  Although these unique homes are in a public park, the Club members benefitted from getting the inside story behind this interesting development.

Turning Land Into Homes

On February 24th, 2016, Mike Appleby, Vice President Sales & Marketing at Chicago Title Company of Washington, Laurie Ausmus, Loan Officer at People's Bank of Washington, and Lisa Hjorten of Marketplace Sotheby's International Realty put together an evening event titled "Turning Land Into Homes." Lisa and Laurie guided discussions revolving around personal credit, purchasing personal and rental homes, while Mike Appleby presented a slew of data regarding the state of our local economy. We were once again reminded of the health of our economy, and the abundant opportunities still available to real estate professionals and investors active in our market. Looking forward to having Lisa et. al coming back for our Home Buying 101 session in May.

Schnitzer West Lunch n' Learn

On Friday March 4th we were delighted to have Wren Arnett of Schnitzer West come in and speak with the club.  As a senior financial analysis at Schnitzer, Wren is responsible for the feasibility analysis, acquisition and disposition of many of their projects.  We got an in depth look into their current portfolio and real life examples of how these deals were made.  Some of these projects included Centre 425, Urban Union and Madison Centre.  As a previous MSRE from the University of San Diego, Wren gave us some helpful and practical tips to get the most out of our degree.  If interested in connecting with Wren, please contact Sam Gordon at samuelb.gordon44@gmail.com.   

Colliers International Lunch n' Learn

On Friday February 26th we were delighted to welcome Dylan Simon and Jerrid Anderson of Colliers International.  Dylan and Jerrid are one of the highest regarded multi-family brokerage teams in the greater Puget Sound and have been nationally recognized for their work.  We got and in depth look at their marketing process and competitive advantage from acquisition to disposition.  After their presentation the word “brokerage” really does not give what do justice.  From a developer’s perspective, often times a brokerage fee is just an added cost associated with the lease up or sale of a property.   Dylan and Jerrid continually are evolving the word “broker” to encompass: market analyst, advisor, design team, and even leasing agent.  The real estate club would like to thank both Dylan and Jerrid for graciously coming in and leading an interactive and informative discussion. After their presentation the word “brokerage” really does not give what do justice.  From a developer’s perspective, often times a brokerage fee is just an added cost associated with the lease up or sale of a property.   

If you are interested hearing more about the event or getting in touch with Dylan or Jerrid, please contact Sam Gordon at samuelb.gordon44@gmail.com.

Dylan Simon and Jerrid Anderson of Colliers International speaking to Students

Dylan Simon and Jerrid Anderson of Colliers International speaking to Students

ULI Young Leaders Panel Discussion 2016

February 18, The ULI Northwest Young Leaders Group and the Real Estate Club at the University of Washington co-hosted a well-attended networking event and panel discussion for young professionals and current students.  The event was held at Anthony’s Forum, in the Foster School of Business on the UW campus.  

Panelists included April Mackoff, an attorney with the law firm of McCullough Hill Leary, Joe Polito, Senior Development Manager with Touchstone, Janel Charlton, Associate Broker with Real Retail, and David Otis, Vice President of Capital Markets at JLL.  Tim Jones from JLL moderated.

After an hour of eating, drinking and socializing, the panel convened and was introduced by Scott Rassmusssen, a graduating Master of Real Estate student at the Runstad Center for Real Estate Studies at UW, and President of the UW Real Estate Club.  Suzanne Cartwright, Associate Director of the Runstad Center made some introductory remarks as well.  

The panel discussed their respective paths to their current positions, and the attributes that contributed to their success.  There was discussion about the tension between taking risks and being patient, the role of gender in the profession, and the importance of maintaining a balance between one’s career and personal life.  The panelists gave their perspective on searching for a job and making career moves.  

The panel’s insights were well-received, and the event provided friends a chance to reconnect, as well as the opportunity for people new to the industry to meet new people and gain knowledge about how they want to shape their own career path.

Associate Director, Suzanne Cartwright, with Introductory remarks.
Associate Director, Suzanne Cartwright, with introductory remarks.

Associate Director, Suzanne Cartwright, with introductory remarks.

WeWork Tour

The UW Real Estate Club visited WeWork, a rapidly expanding shared global workspace provider, which caters to freelancers and startups. Students from the MSRE (Masters of Real Estate) and MBA programs were treated to a tour of WeWork’s first and largest Seattle location, in South Lake Union. The group surveyed the full range of workspaces – from hotdesks to classrooms – that WeWork rents to its members. Thank you WeWork!

-Alaister Townsend

UW RE Club at WeWork

UW RE Club at WeWork

Tarragon Happy Hour Event

On Thursday January 14, local developer and club sponsor Tarragon graciously hosted the UW Real Estate Club for a happy hour and information session about the company and their portfolio of work.  About twenty Club members, including students in the MSRE program, the MBA program and the MUP program joined a 10 member Tarragon team composed of Dennis Rattie, the President of Tarragon Development, Mike Corliss, the CEO of Investco, Tarragon’s financing arm, Kristin Link, MSRE Alum (class of 2011) and Tarragon Senior Development Managers. 

After a tour of Tarragon’s office, the group settled in for a presentation by Dennis and Kristin on Tarragon’s operations.  They reviewed their overall strategy and highlighted several projects in their diverse portfolio, spanning across warehouses, in-city multi family, suburban townhouses, and large mixed use office and retail.   

-David Leon, MSRE '17

 

Tarragon President, Dennis Rattie (Center) 

Tarragon President, Dennis Rattie (Center) 

First Lunch & Learn, Winter 2015

This quarter's Lunch & Learn series started off with a bang.  Margaret Day of CBRE and her associates Kristy Thompson, Scott Long, and Thangy Moore came in to talk about commercial real estate services and introduce 12+ new internship opportunities with various corporate accounts.

Remember that applications are due to CBRE by next Friday, January 23rd, and resumes should be sent to Suzie Norris.  Presentation slides are available here.  For more information on how to apply, see the second-to-last slide.

 

Husky Stadium Tour Recap

This Friday, 12/5/2014, Real Estate Club members were able to tour Husky Stadium with Chip Lydum, Associate Director of Athletics, Capital Projects and Operations. Below is a picture of Chip with some of the tour attendees. Chip shared his experience on raising capital, working with a development partner (Wright Runstad & Company), running a high profile project, and managing event programming. Members were shown the press box, club seats (Anyone want to sponsor a box for the club next season?), medical facilities, electronic operations (there are over 700 TV's in the stadium), etc. While touring, Chip shared several of the revenue generating areas that were added through the renovation. 

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Below is a view from the Press Box...

Ever wanted to know what players see coming out of the tunnel (no fans today)...

Big thank you to Chip for taking time to meet with members of the Real Estate Club.

Husky Stadium Tour

Join the Real Estate Club at the University of Washington for a behind-the-scenes tour of Husky Stadium. This tour is open to current students, alumni, and professionals. However space is limited to 25 guests. Please register HERE

We'll be touring the $250M renovated stadium with Chip Lydum whos the Associate Director of Athletics, Capital Projects and Operations. We'll start with a brief discussion around the project's history and financing. Afterwards we'll be touring the press area, box seats, operational centers, top secret training areas, and end with on-field photos.  

Tour Details:
Date: Next Friday, December 5th
Time: 10:00am - 11:30am
Meeting Location: Outside of main entrance (west end of Stadium) We'll see you there! 

Again, space is limited so please register HERE. Unfortunately the signup form will close once we hit our 25 limit, so don't delay. 

47+7 Project Tour

Touring an innovative project with the Executive VP of Sustainable Living Innovations, AND coffee and donuts provided by the Real Estate Club!  What's not to love!?

Rick Osterhout gives the lowdown on SLI's innovative construction technique in front of the company's pilot project

Rick Osterhout gives the lowdown on SLI's innovative construction technique in front of the company's pilot project

Hello, World!

47+7, built using a prefabricated kit of parts designed by SLI, is the first of it's kind, but it won't be the last.  Amazingly, the project, developed in conjunction with Wallace Properties, broke ground at the beginning of August and is schedule for completion on January 16th, only five-and-a-half months later.  More projects are planned in dense cities with challenging site access, including New York and San Francisco, but the company is pushing to international locations as well (notably Asia).

Real Estate Club members look on and ask questions as Rick explains the construction process

Real Estate Club members look on and ask questions as Rick explains the construction process

Club members met Friday morning (11/21) during a perfectly timed lull in the rain to tour the site and hear about project economics, construction methods, and SLI's future plans.

 

Rick will also be joining us in Gould 110 this Tuesday (11/25) at 12:30 for our Lunch & Learn series to talk more about the project's deal structure and finances, so come prepared with questions!  Remember to connect with the Club to hear about more great events.

Go Huskies!

Thanks to everyone who came out to the tailgate last Saturday (11/8)!  It was a great turnout!!! 

Past and present real estate club members enjoying the beautiful weather. 

Past and present real estate club members enjoying the beautiful weather. 

Big thank you to the folks over at the Foster Huddle for letting us join in on their fun. This wouldn't have been possible without their generosity. 

Great action picture of Andrew beating Corbin at Cornhole!

Great action picture of Andrew beating Corbin at Cornhole!

UW Tailgate!

We're looking forward to seeing everyone at the UW Real Estate Club tailgate that we're co-hosting with Foster MBATailgate Huddle. Full details are in

When: Saturday 10/8 from 1pm-5pm
Where:  E1 parking lot, just north of Husky Stadium. Campus map HERE. We will be on the Montlake Blvd. side of the E1 parking lot: look for a uhaul van, and our new Real Estate Club flag!

Call Andrew 206-473-7361 if you have any trouble locating us.

Please bring $15 cash for a tailgate donation which gets you unlimited tasty beverages and food--get there before it runs out! There will be games and plenty of new faces.

Alumni - join the Real Estate Club and your $15 tailgate donation is on us.

Don't forget: Tickets to the actual Husky football game are separate.  You do not need a game ticket in order to join the tailgate.  Game tickets are $20 and must be purchased in person from the Husky Ticket Office. Alumni may purchase online or in person at the Husky Ticket Office in the Graves Building 8:30am-5pm M-F - call (206) 543-2200 or email tickets@uw.edu for info.

See you Saturday!
-UW Real Estate Club

Seattle DPD

Roberta Baker, UW Graduate and Land Use and Zoning Manger for Seattle's DPD, stopped by today's Lunch-and-Learn to share her wealth of knowledge on Seattle's Department of Planning and Development. Click here to review a copy of her presentation. If students are interested in an internship please connect directly with Roberta via email. Ideally students will have a background in planning and architecture. Most importantly students need to have experience in reading construction documents. 

Her biggest piece of advice for students: "Build relationships!" 

Callison

Tuesday the 7th we were fortunate to have Steve Harmon and Darryl Custer from Callison Global come talk to us about large scale development, creative solution, and adding value. In addition, Callison shared their new environmental tool called Matrix

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Next week, Jennifer Reyes and John Jones from Fidelity National Title Group are coming to educate us on the role/process of the title agent.