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the 2013 BISNOW POWER 60 - #1-10
Auction (July22) L-SEA
   
July 11, 2013
 
 

the 2013
BISNOW POWER 60
The Most Influential Players
In Seattle Commercial Real Estate

#1-10


And now, the stirring conclusion. This list and the previous installments (see links at bottom) are the visionaries leading Seattle into a new era of physical beauty and cultural excitement. Not just building an environment to accommodate job growth and changing tastes, but setting a national standard to attract top companies and talent. Congrats to all these exceptional figures—and most of all, thanks.

1. Jeff Bezos, founder and CEO, and John Schoettler, Director of Global Real Estate and Facilities, Amazon.

JeffBezos
How does Amazon impact real estate? Let us count the ways: the biggest economic engine of Seattle; the need for endless new office space, fulfillment facilities, and data centers; the changing requirements for retail space; the heir to Microsoft in showing Seattle is the future. The name Amazon suggests a mighty river, and that's what Jeff Bezos has created in this region.

2. Ada Healey, Vice President of Real Estate Development, Vulcan.

Seattle2
Paul Allen's real estate chief led the dramatic development of South Lake Union from backwater to big time, then arranged America's richest building sale of 2012 to Amazon. Now she's teed up to help reinvent Yesler Terrace and build even more for Amazon in SLU. Just like Amazon, Vulcan is aptly named: the Roman god of fire. And its official mission suits its achievements: "World-class endeavors and high impact initiatives that change and improve the way we live, learn, do business, and experience the world."

3. Clyde Holland, CEO (in 1979 en route west, and today), and Tom Parsons, Holland Partner Group.

Seattle3c

These masters of timing saw multifamily supply tighten during the recession so boldly started building in the country's hottest asset class, the fruit of its foresight coming out of the ground now, including the tallest residential tower in Seattle at 815 Pine. And more planned: a seventh recent deal to break ground in the spring at 810 Dexter, 375 units and two blocks from the Amazon addition on Mercer.

4. Jeff Weber, Steve Van Dusen (pictured on left below), and Jason Flynn, Eastdil Secured; and Kevin Shannon (right), Tom Pehl, and Lou Senini, CBRE.

Seattle4b
The investment sales market is insanely hot and its numbers are astronomical. The fact that these top office players are largely based in California is a tribute to how Seattle now plays in a national market, attracting major institutional attention. The Eastdil team has done 18 Seattle sales worth $3 billion since Jan '12, including Spear Street's portfolio to Hudson Pacific and putting 202 Westlake in contract at a rumored mid-700's a foot; Beacon's Wells Fargo Center to Ivanhoe Cambridge; Macerich's Redmond Town Center to Shorenstein; Prudential's West Eighth to AEW; and Wright Runstad-Shorenstein-Beacon's 1201 Third to Met Life and Clarion. Similarly, Kevin's led a CB team that's sold $3.5 billion in Seattle the last three years, like Vulcan's SLU buildings to Amazon, and other trophies like Russell Investments Center, Bravern Office Commons, and 1918 Eighth for clients like Schnitzer, Northwestern Mutual, Investcorp, Clarion, Metzler, JP Morgan, Kilroy, and Principal Financial.

5. Jon Runstad and Greg Johnson (pictured), Wright Runstad & Co.

Seattle4
It takes big thinkers to look at bustling Bellevue and imagine another great new neighborhood next door, but this is a firm (with SF's Shorenstein) that can do it, creating the Spring District and giving fresh life to Eastside TOD. And congrats to Walt Ingram on Husky Stadium, and thanks again to Jon for an impressive UDub real estate school.

6. Kevin Daniels, Daniels Real Estate.

Seattle5
Busy creating $680 million Stadium Place in the North Lot that will reinvent the C-Link area via the largest TOD on the West Coast (hats off also to Bill and Billy Pettit of partners R.D. Merrill Company and Pillar Properties), and position it as a hub of both sports and transportation (Chinatown Station, King Street Station, and First Hill streetcar line). Taken with his leadership in redeveloping Pioneer Square and his plans for the city's most striking skyscraper at Fifth and Columbia, such achievements could transcend even his iconic Starbucks Center, Union Station, and Merrill Place.

7. Kemper Freeman, Kemper Development Co.

Kemper
The giant of Eastside development, who built on his dad's pioneering efforts and created today's 4 million SF, 250-store Collection that's the showplace of Bellevue, is not resting on his laurels: Next year he plans to start a dramatic $1.2 billion, 2 mm SF addition, including tons more retail, a 21-story office building and 42-story luxury apartment and hotel tower. And on the side this Harley-Davidson and ski enthusiast continues taking an interest, shall we say, in the future of light rail.

8. Dave Sabey, founder and President, Sabey Corp (pictured at a couple different ages).

Seattle7b
Who said data centers were wonky? This Husky defenseman under Jim Owens in the mid-60s switched to offense during Reagan Pentagon expansion to build tech facilities for Boeing, then pivoted to dot coms when Clinton downsized. As bandwidth needs exploded, he's QB'd huge development in the Northwest and even Manhattan. With his sons now helping to run things, Dave's a big deal nationally in a white-hot sector. And the company excels in other sectors, too.

9. Matt Griffin, Managing Partner, Pine Street Group.

MattGriffin
The guy who doesn't own a car sure does know how to get around. Or maybe it's the heliskiing that's taught him to pick terrain carefully and know how to land. Having helped revitalize downtown, he and his PSG team most recently put up Seattle's biggest apartment towers, Via6, and with their magic touch it ends up being across from Amazon's new front door. He's a recent NAIOP Hall of Fame inductee and this year's DSA "Downtown Champion." But no one's jealous—he's also Mr. Philanthropy.

10. Greg Steinhauer and Henry Liebman, principals, American Life.

GS-HL
Market Leaders in the EB5 Foreign Investor program since '96, who develop projects using all equity. Just finished the first phase of 300k SF Home Plate Center across from Safeco (and 90k SF lease with Real Networks), and should complete the core and shell for the second phase by the end of the year. Also, the managing general partner in a Marriott Courtyard in Pioneer Square (and a large Marriott under construction at LA Live), and raising money for a mixed use project consisting of a 23-story Embassy Suites at Stadium Place in the North Lot of Century Link Field and 188k SF office tower.

Previous Lists

11-20

21-30

31-40

41-50

51-60

Confidential comments or suggestions: SeattlePower60@Bisnow.com.

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