The commercial real estate market remains strong, says Levine-Archer. “At the same time, local and geopolitical issues have the potential to soften growth,” she says. “As a result, developers are looking for solutions that support their portfolio across economic cycles. This includes low-expense, high-impact renovations to lobbies, amenity spaces and gathering areas—especially in buildings constructed in the 1980s and ’90s.” Meanwhile, clients are seeking greater efficiency during construction, she says.
Firm in Focus
Exxel Pacific Inc.
323 Telegraph Road, Bellingham, Wash.
President: Geoff Stodola
What’s New: The contractor is working on the Jackson apartments in Seattle as well as Sitka, a mixed-use development including apartments, townhouses and retail, also located in Seattle.