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.

The Industrial Development of the Year award went to Zelman Properties' Oakesdale Business Campus, Phase Two, a 600,000-sf, four building warehouse and distribution facility built atop a former wrecking yard. Judges noted that by carrying out the remediation of more than 100,000 tons of contaminated material at a cost of more than $4 million, Zelman successfully completed the first private sector cleanup of a contaminated property under the terms of the consent decree process created by the Washington State Legislature.