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New spring quarter course in Green Building

The Runstad Center is pleased to announce a new Spring 2014 course offering:

RE 598: Green Building Law & Risk Mitigation
Tuesdays/Thursdays, 7 – 8:20 pm (3 credits)
Gould 440
Instructor:  Nicole DeNamur, JD & LEED Green Associate

Click to download the flyer

Bullitt

This multidisciplinary course will focus on the intersection of green, high performing buildings and the law.  Topics will include:

  1.  Systems and standards for defining “green” and the impacts of this definition.
  2.  Federal, state and local regulatory landscape.
  3.  Assessment of risks and risk mitigation tools.
  4.  Professional liability, financing, and insurance.
  5.  Environmental and social justice issues.

Students will learn to identify and understand the risks and challenges presented by high-performing buildings, and analyze frameworks and strategies to manage and overcome these challenges.  This course is designed to prepare future sustainability leaders for the issues they will encounter as this area continues to evolve and become increasingly regulated.

Questions about enrollment?  Email msre@uw.edu.

 

You’re invited to UCREW: March 4, 2014

The Runstad Center for Real Estate Studies & Commercial Real Estate Women present:  UCREW!

Tuesday, March 4, 5-7pm
Gould Court

UCREW 2014 Flier Revised

Are you interested in the real estate industry? If yes, this event is for you. If not, this event is also for you. Because whether you’re in planning, finance, construction management, design, HR, engineering, philosophy or… any discipline, the industry has something for you. How about customer service, project management, research, green building and sustainability… there are endless possibilities for you to explore and apply your interests in real estate.

CREW Seattle & Sound has partnered up with The Runstad Center for Real Estate Studies to host a fantastic event, UCREW, to be held on Tuesday, March 4, from 5 – 7pm in Gould Hall. This event features an interactive panel session with high-profile speakers representing a wide range of fields, along with professional networking as well as opportunities for job shadowing and mentoring.  RSVP now!

While CREW seeks to promote the advancement of women in the industry, this event is by no means only for ladies. Anyone who is a supporter of the mission is welcomed!

Liz Dunn on the evolution of neighborhoods

Melrose Market, Seattle, WA. Photo: BUILD llc
Melrose Market, Seattle, WA. Photo: BUILD llc

Liz Dunn, part of the 2011 class of Runstad Center Affiliate Fellows, was interviewed by BUILD llc for Arcade magazine, in a conversation about “neighborhoods that fire on all cylinders.”  She talks about teaming up with Dave Miller (founding partner of Seattle’s esteemed Miller Hull Partnership, and chair of the UW Department of Architecture) to get her company’s first project off the ground, building trust with lenders, concern for the well being of neighborhoods, and how she measures both progress and success.  She also shares her own definition of sustainability, and new strategies for design and development.  Read the full article here.

MSRE ’13 alum Zach Clements is an asset manager and financial analyst on Liz’s team at Dunn + Hobbes.  The company specializes in the adaptive reuse of existing buildings as well as the construction of new urban infill projects.

Runstad alumnus grows new food industry concept

urbanharvest

MSRE ’12 alumnus Chris Bajuk has been receiving lots of media attention lately for his environmental agriculture startup, UrbanHarvest.  Bajuk has partnered with The Millionair Club, a leading Seattle charity, building a 250 square foot hydroponics system in the basement of their large Belltown facility, with the goal of harvesting some 20,000 bowls of salad a year.  The program will provide fresh produce for sale to local stores and restaurants, as well as supply homeless individuals and families with donated fresh produce.  It will also create job training and employment opportunities in urban farming to participants in the Millionair Club’s jobs program.

The new venture has been widely covered by local media, including KOMO News, KING5 News, Puget Sound Business Journal, and the Seattle Daily Journal of Commerce.

The 93-year-old Millionair Club charity provides employment opportunities, meals and other social services to thousands of people a year.  UrbanHarvest, founded by Bajuk in 2012, operates on an ethic of “people, planet, profit” — meaning that in addition to being financially sustainable, the company focuses equally on positive benefits for employees, consumers, and the environment.  UrbanHarvest won top honors in the University of Washington’s annual business plan competition, and hopes to bring a new type of farming to rooftops – and basements – across Seattle and beyond.

First year students meet with local mentors

While our second-year students were in Chicago for the ULI fall meeting, our first-year students were busy meeting with some heavy hitters in the local real estate community.  Patrick Kassin shares some choice tidbits on his blog about the students’ tour of Stadium Place with Kevin Daniels, and Lei Wu writes in with an account of her conversation with Bob Wallace of Wallace Properties.  Past, present, and future MSRE students would do well to take note of the valuable insights which Lei learned and wishes to share with other young professionals entering the field.

Thank you to all of these talented mentors for so generously sharing their time and wisdom with our students!

 

A Mentor’s Tips for Real Estate Industry New Professionals

Contributed by Lei Wu, November 10, 2013

 

Bob Wallace and I met at a NAIOP mentoring event on October 23, 2013. During our brief conversion, I learned that Bob is the CEO of Wallace Properties, which has been an influential real estate company in the Puget Sound region since the 1970s. Its projects are regular features on news media, such as the Puget Sound Business Journal. As successful as he is, Bob seems very down to earth and humble. I yearned to learn about more about him and his recipe for success. Maybe there is an ingredient or two that a newbie like me could borrow right away, which would start me off on the right foot. As swarms of mentees surrounded him at the event, I decided that a separate meeting with Bob later would be the way to go.

Bob generously agreed to meet with me on a sunny Friday morning.  Our one and a half hour conversation was filled with stories of fun and wisdom. The recipe that I was looking for emerged through these stories. The two biggest ingredients that I have heard from these stories are: 1) focusing on your strengths and 2) giving back to the community.

Focus on your strengths. Between two potentially good career options: healthcare management consulting and real estate, Bob made the decision to focus on the latter early on. As Wallace Properties developed into a full-blown commercial real estate company over the years, focusing on strong areas allowed the company’s reputation to develop concurrently with growth. However, the areas that Bob has delegated for outside help are probably as significant as opportunities he has taken on. For example, Wallace Properties does not provide residential property management because this area is not regarded as one of its strengths. What does it do for its own multi-family properties? It hires good residential property management companies.

Give back to the community with what you are good at. “I sort of understand finance and real estate. Those are areas in which I have tried to give back to the community.” Bob’s efforts in a list of diverse community organizations show the point of his words. One example is his involvement as the past chair of the Major League Baseball Public Facilities District, also known as Safeco Field. Another example is Bob’s efforts with Puget Sound Air Transportation Commission as its chair.  A quote that Bob used in emphasizing his point is ”we spend too much talking with ourselves.” You do not have to be a chair in order to get involved meaningfully in a community organization. Bob noted a success story about a young professional, who has been active in community organizations. Apparently, her active community involvement has helped her get to know and work with people. Not surprisingly, she does very well in her professional career.

Now, I have shared my learning from one mentor. I hope you can put it to good use in your future successes.

Maintaining your GRADitude

If you’re considering an advanced degree or are currently in the midst of earning one, you are probably well aware of the sacrifice and hard work it will take to achieve your goals.  How do you keep your eye on the end result of your efforts, while also remaining present in the moment and appreciative of your time as a student? Here is a thoughtful and timely piece with three key suggestions to help you “maintain your GRADitude.”

We at the Runstad Center would like to wish everyone in our community — our students, alumni, board, job and internship sponsors, university network, friends far and wide — a very happy Thanksgiving!

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More from Chicago – and its newest skyscraper

MSRE ’13 student Eric Hadden writes in with another report from our students’ recent trip to Chicago for the ULI 2013 Fall Meeting.  Read on to hear all about their trip to 155 Wacker, Chicago’s newest office tower.

 

As a part of last week’s ULI events, Runstad Students received an exclusive invite to tour Chicago’s newest office tower, 155 North Wacker. Our hosts from John Buck Co. took us behind the scenes of this Class A+ office tower and explained the process of developing this project in the middle of the Great Recession.

155 wacker1

From blocks away, it is apparent that 155 North Wacker is exceptional, as it rises above the structures around it. The grand entry is designed to bring the outside in and the inside out, and many of the design elements and materials run through the building to the street. Another notable characteristic of the building was the level of highly visible security. In addition to a full-time security staff monitoring the building’s entries, access cards were needed to enter the elevator lobby. Runstad Center Board Chair Lisa Stewart joined us on the tour and noted that this is unique to some of the larger office markets in the country.

155 wacker2 155 wacker 2a

The grand entry and high level of security speak to the building’s Class A position in the market, but the building includes a “checklist” of other amenities that allow it to compete in this sector of Chicago’s office market:

  •       Secured Entry
  •       White linen table restaurant
  •       Café
  •       Sundry Store
  •       Below-grade Parking
  •       Conference Center
  •       Fitness Center

After exploring the building’s lobby, we went up a level to the high-tech conference center that was available for tenants to reserve. This was included as an amenity for building tenants, but it is operated in a way that makes it financially self-sustaining. On the same floor was another one of the buildings amenities – the fitness center. The center provided members with all the services found in a typical fitness center but with the added convenience of being in the building.

The tour finished in one of the few vacant spaces, which gave us a chance to hear a little more about the life of this project and future projects that John Buck Co. has in the pipeline. Bringing a million square foot office building to Chicago in the recovery stage of a recession was no small feat. The hardest part was lining up tenants while also trying to line up capital (a chicken and egg scenario), but John Buck Co. was able to secure tenants and financing for a 2007 construction start.

155 wacker 3

Moving forward, the company has plans for another office tower on the site across the street. We were told that the market can likely only support two more projects like this, and with three in the planning stages, it is a race to see who get there first. The last to the get there will likely have to put their project on hold until demand grows.

The tour was insightful and a great addition to our activities in Chicago. A big thanks to Suzanne Cartwright, Matthew Simo, and John Buck Co. for making the tour happen and to Lisa Stewart and Cleita Harvey with Urbis Partners for joining.

 

November 26: brown bag with the Buerk Center

On Tuesday, November 26 from 1:00 – 2:00 in Gould Room 440, the Runstad Center will host a brown bag with Amy Sallin and Sam Ogle of the Buerk Center for Entrepreneurship at the UW Foster School of Business.  Sam will be presenting the Entrepreneurship Certificate program which a number of MSRE student peers and predecessors have used their interdisciplinary electives to complete.  Amy will be discussing the Business Plan Competition which is held each year during Spring Quarter.  MSRE students have competed and done very well –  Chris Bajuk won the competition two years ago with his Urban Harvest plan, and last year a team of students made it to the round of 16 with Elemental Hotels, a micro-hotel concept.  All CBE students with an entrepreneurial bent are encouraged to attend – this is a great chance to learn more about the opportunities here at the UW to support your aspirations.  See you there!

Second-year students head to Chicago for the 2013 ULI Fall Meeting

The Runstad Center sent several students from the MSRE class of ’14 to Chicago last week for the 2013 ULI Fall meeting.  Guest blogger Louisa Galassini writes in about their tour to the Roosevelt Square neighborhood, below. 

Public Housing Redux: Roosevelt Square

The Chicago Housing Authority (CHA) was founded in 1937 and is currently the largest owner of rental housing in Chicago, providing housing to over 50,000 people. Despite this, the history of pubic housing in the city is marred with violence and controversy. In the 1950’s and 60’s, the CHA developed 11 high-rise buildings concentrated in poverty-ridden areas. The height and design of these projects made them difficult to monitor and fueled dangerous and violent behaviors in their residents.

In response to the problems, Dorothy Gautreaux and several other CHA residents filed a lawsuit against the CHA for isolating their developments in areas of concentrated poverty. The suit took 30 years to come to resolution, but in 1996, the case of Gautreaux v. Chicago resulted in a takeover of the properties by the US Department of Housing and Urban Development (HUD) and a consent decree to redevelop the housing projects.

In order to revamp this public housing, Mayor Daley helped establish the “Plan for Transformation” – a redevelopment at the site of former public housing towers in Chicago’s Near West Side. The plan was built with the concept of mixed-income housing, providing 1/3 public housing, 1/3 affordable, and 1/3 market rate units, and currently stands to become the largest public housing redevelopment in the country.

Related Midwest was selected as the master developer for this new “Roosevelt Square” neighborhood. The project spans 135 acres, with 4,441 housing units to be completed in 6 phases. There is a 45/55 mix of rental and for sale housing, serving income ranges of 60-120% AMI in addition to Section 8 housing and market rate units. The original timeline anticipated completion in 2020, but the recession in 2008 caused major delays and currently only 500 units have been completed.

The housing style is notably different from its high-rise counterparts, which have long since been demolished. The community requested traditional Chicago building styles, producing almost entirely 3-flat brick structures in the first phase. With a relatively unchanging ground plane, similar building types and finishes, and a lack of product type the neighborhood is far from dynamic. Limited in how it is able to spend funds, hopefully the CHA can find creative ways to bring vitality to this new development.

Introduction by Sarah Wick, Related Midwest
Introduction by Sarah Wick, Related Midwest
Touring Phase One with Al Levine (Seattle Housing Authority), Rod Brandon (Seattle Housing Authority) and Hal Ferris (Spectrum Development)
Touring Phase One with Al Levine (Seattle Housing Authority), Rod Brandon (Seattle Housing Authority) and Hal Ferris (Spectrum Development)

 

Touring Phase One with Al Levine (Seattle Housing Authority), Rod Brandon (Seattle Housing Authority) and Hal Ferris (Spectrum Development)
Touring Phase One with Al Levine (Seattle Housing Authority), Rod Brandon (Seattle Housing Authority) and Hal Ferris (Spectrum Development)

Call for applications: Hines Competition 2014

ULI/Gerald D. Hines Student Urban Design Competition — Open to CBE Graduate Students – $50,000 Prize

 

Attention students… the ULI/Gerald D. Hines Student Urban Design Competition is one of the most prestigious academic design competitions in the country. Open only to graduate students, each team selected to participate by the ULI will have two weeks to devise a comprehensive design and development program for a real, large-scale site full of challenges and opportunities. Submissions will consist of boards that include drawings, site plans, tables, and market-feasible financial data. The competition will be conducted from January 13 to January 27, 2014. First prize for the winning team is $50,000, which is divided evenly among each of the team members. Here is the competition website.

The rules state that each team is to be multidisciplinary and comprised of no more than five (5) students from a minimum of three disciplines that grant three (3) different degrees, one of which must be a non-design-related discipline. Given this criteria, we believe that the College of Built Environments is perfectly positioned to compete in this event. Therefore, students from Architecture, Landscape Architecture, Urban Design and Planning, Construction Management and Real Estate are invited to submit their names in nomination to each of their respective department chairs for consideration. Your intention will only be recognized by submitting a one-page resume. Although all are welcome, a first priority will be given to our second-year students. Given the dates of the competition, special permission from either your department chair or individual professors may be required. Since the ULI application deadline for each team is December 9, 2013, your one-page resume must be submitted by November 22, 2013.

We look forward to putting together a winning team! Please direct questions and applications to Stephen O’Connor, Director, Runstad Center for Real Estate Studies (steveoco@uw.edu)

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