Seattle, Washington — Over 25 members of the Wisconsin Real Estate Club packed their bags last week for the Emerald City, nestled in the great Pacific Northwest. Upon arrival, Club members were greeted by enthusiastic real estate alumni at a rooftop reception at Seattle’s trendiest hotel, The Thompson, a block away from Pikes Place. Organizing the program, alum Greg Van Patten ‘93 of the Wolff Company, had a jam packed two days to display the best Seattle had to offer. The program touched on everything from traditional office, flex-office, luxury apartments, to mixed-use and affordable units.
The next morning, students were briefed and oriented by brokers from JLL on current market trends for the Seattle-Tacoma MSA. Following, the Club toured one of Amazon’s 30+ office spaces in downtown Seattle in a meet and greet with Amazon’s Global Director of Real Estate, John Schoettler. Moving away from corporate real estate, Alumni Dan Lessor MBA 10’ of Mortenson Development gave a hard hat construction tour of a high rise luxury apartment complex The Arc Tower in the downtown area.
The group then moved on to conduct another hard hat tour of the $750mm+ office and hotel development The Mark designed by world renowned architect Zimmer Gunsul Frasca. The tour was orchestrated by the principle developer Daniels Real Estate’s President, Kevin Daniels, who provided the backstory of the development. That evening, Alumni and Club members embarked on a Seattle bay boat cruise for dinner and cocktails overlooking the city’s skyline.
On the final day of the program, Greg Van Patten walked club members through one of his mid-rise development projects, Pike Motorworks, in the Capitol Hill neighborhood. The space was exquisite, and preserved the historical façade of the previous existing car dealership to blend the old with the new and maintain the neighborhood aesthetic and culture.
Lastly, the Club met with alum Lisa Hagen ‘05 of Capital Hill Housing and was able to see an exciting mixed use-affordable housing complex, 12th Avenue Arts, aimed to keep the vibrant art and culture of the Capital Hill neighborhood intact and thriving. The project’s financing combined over 9 layers in the capital stack, and is able to provide affordable units at nearly $1 per square feet with multiple theater venues.
Big thanks to the Wisconsin Real Estate Alumni Association, participating alumni, Club faculty advisors Sharon McCabe and Tim Riddiough, and the Real Estate Club’s Co-Presidents Ben Stevens MBA 17’ and Emmet Gaffney BBA 18’ for an excellent trip.
Watch the Real Estate Club's Seattle trip video.