Local markets buoyed by cluster-based economic influences CBA’s Commercial Real Estate Insights — co-hosted by the Seattle Daily Journal of Commerce, Foster Pepper PLLC and the Washington State Commercial Association of Realtors — brings together experts from different industry segments to present their business insights and share innovations and observations. Grapes thrive in clusters and so do industries. When it comes to geographic clusters, it’s all good news in the Puget Sound region. Leading economic cluster industries such as health care, software, gaming, coffee, senior housing and wineries are helping to boost our sagging economy. Co-existing as competitors, in a positive and cooperative manner, these cluster industries project an efficient and effective business model that has a healthy impact on the commercial real estate market. Click here to read more.

John Swanson Firm: Umpqua Bank Position: Senior Vice President John Swanson is senior vice president and manager for Umpqua’s Commercial Real Estate Division in Washington state. A native Washingtonian, Swanson has more than 30 years of commercial real estate experience, predominantly focused on income property project financing. Click here to read more.

Bill Pettit Firm: R.D. Merrill Co./Merrill Gardens Position: President and COO Bill Pettit is the president and chief operating officer of the R.D. Merrill Co. and Merrill Gardens. Merrill Gardens is one of the largest privately held assisted-living companies in the country and the largest in Washington state. The Seattle-based company operates 56 communities in 10 states. Click here to read more.

Allen Shoup Firm: Longshadows Winery Position: Owner Allen Shoup is widely recognized as one of the founding fathers of the Washington wine industry. While CEO of Stimson Lane, corporate parent of Washington wine giant Chateau Ste. Michelle, he garnered worldwide fame for Washington wines by combining state-of-the art technology with exacting principles of viticulture and enology. Shoup is a founder of the Washington Wine Institute and the Northwest Wine Auction. Click here to read more.

Real Estate Marketplace Northwest team

Photo courtesy of Security Properties The apartment market is being affected by shifting demographic, economic and lifestyle trends. To meet the new demands, apartment developers are adding shared amenities to their projects, such as fitness centers, community dens and intimate movie theaters. At the On the Park project in Ballard, Security Properties included a private club and private park.

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