Apr 23, 2020

Security Properties makes top 50 list

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Security Properties plans to build a 29-story tower with 212 units on the former Two Bells Tavern site in Belltown.

The National Multifamily Housing Council recently released its list of America's top 50 apartment owners. Local shop Security Properties came in 44th, with 25,120 units. The firm, founded in 1969, develops and manages apartment projects all over the West Coast. Its current portfolio now numbers around 123 properties, which it values at nearly $7.2 billion. In the Seattle market, its notable new plans include a redevelopment of the Magnolia Albertsons into a Safeway with 138 units on top; and a 29-story tower with 212 units on the former Two Bells Tavern site in Belltown. Also on the NMHC owners list is Weidner Apartment Homes of Kirkland, at No. 14., with 56,262 units. No. 1 is MAA of Tennessee, with 100,031 units. NMHC also released Top 50 lists for managers, builders, developers and syndicaters. See nmhc.org for the full rankings.

NBS adds Tye to team

Tye

NBS Real Estate Consulting, part of Norris, Beggs & Simpson Cos., announced three new hires in Seattle, San Antonio San Francisco. In Seattle, industry veteran David Tye has made the move from Equity Office, where he oversaw 18 million square feet on the West Coast.

ULI to hold webinar series

The Urban Land Institute, like NAIOP and other industry organizations, has gone entirely virtual with its meetings and conferences owing to the coronavirus pandemic. It has a whole series of upcoming webinars that are free to members and, in some cases, complimentary to non-members too. See spring.uli.org and americas.uli.org for full schedule and details.

Some of the notable presentations panels include Jonathan F.P. Rose of Jonathan Rose Cos., Mark Wilsmann of MetLife and Bradford H. Dockser of Green Generation speaking on “Resiliency in a New Normal” (April 28); Dan Doctoroff of Sidewalk Labs (May 11); “Edge City Density: Building Up the TOD Urban Region” (May 18); and “Breathing New Life into Old Bones: Toolkit for Building Repositioning” (June 19).