Runstad team wins the 2014 NAIOP Challenge!

March 19, 2014

Congratulations to our Real Estate Development Studio students for winning the Eleventh Annual NAIOP Real Estate Challenge!  This unique competition features teams from the University of Washington, the University of British Columbia, and the University of Alberta; each vying for bragging rights and the prestige associated with the mastery of the event.  Students from each university’s real estate program compete from January through late March to create and present a development proposal for a multi-faceted and challenging real-world project.

The Runstad Center’s team of graduate students studied various development scenarios for the Mariners Square site in the South Wallingford neighborhood of Seattle. Their proposal, “Gas Works Flats,” represents an opportunity to build on what’s existing to transform a key site and create enduring value without a large footprint.  For those who couldn’t attend today’s NAIOP breakfast, the team’s full report and full presentation are available online.

Big thanks and a thunderous round of applause to our hardworking students and their talented, devoted instructors, Chris Bitter and Al Levine!

Here are some images from our exciting morning:

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MSRE candidate '14 Eric Hadden with John Teutsch, site sponsor and owner of Mariners Square

MSRE candidate ’14 Eric Hadden with John Teutsch, site sponsor and owner of Mariners Square

The Filley Cup comes back to the University of Washington!

The Filley Cup comes back to the University of Washington!

Real estate faculty members George Rolfe and Al Levine enjoying the presentation

Real estate faculty members George Rolfe and Al Levine taking in the presentations

Runstad Center director Steve O'Connor (far left) congratulations the winning UW team (L-R): Craig Ratchford, Ryan Miller, Elizabeth Johnson, Jon Beem, site sponsor John Teutsch, Jin Seok Park, Nate Daum, Louisa Galassini, Aaron Lykken, Eric Hadden, Yifan Cui, Bo Peng.

Runstad Center director Steve O’Connor (far left) congratulates the winning students from the Development studio (L-R): Craig Ratchford, Ryan Miller, Elizabeth Johnson, Jon Beem, site sponsor John Teutsch, Jin Seok Park, Nate Daum, Louisa Galassini, Aaron Lykken, Eric Hadden, Yifan Cui, Bo Peng.