NAIOP Names Top Projects, Deals, Developers for 2001

SEATTLE-The best in local commercial real estate were honored over the weekend at the local chapter of the National Association of Industrial and Office Properties’ 2001 Night of the Stars awards ceremony.

NAIOP’s 2001 Developer of the Year award went to Bellevue, WA-based OPUS Northwest LLC for accomplishing “an amazing amount of work, in a variety of project types, in a very short period of time.” OPUS wrapped up nine projects between June of 2000 and June or 2001 and has five projects currently under construction and 11 in the predevelopment stage.

Deal of the Year honors went to the Elliott Grand Hyatt, a hotel project in which R.C. Hedreen invested considerable time and money getting off the ground. For $15 million, Hedreen conveyed the gross parcel to the Washington State Trade and Convention Center, purchased surplus property from the Convention Center for the hotel co-development and agreed to design, build and finance the expansion project. It was completed in July of this year as part of the largest co-development convention center project in the U.S.