Featured Case Study

Repositioning

We excel at leaving properties better than we found them. We believe the best property transformations are those that combine thoughtful, tenant-centered design with innovative capital plans and finely-tuned operations.

[Guest Speaker] A Tale of Two Cities: Navigating the Office Sector in a Hybrid Work Era

Lori Hill, Unico’s SVP of Investor Management, joins Alliance Global Advisors discussing the current office sector environment.

Longacres Campus Furniture Decommission

Unico Properties partnered with Green Standards to sustainably decommission part of the Longacres campus in Renton, Washington, diverting 969 tons of corporate waste from landfills.

Regis Jesuit High School

A hands-on opportunity to teach its students about modern energy sources.

The Whaler

Beachfront views have never looked this good.

Martin/Martin

The 500 kW system is designed to last for over 40 years.

Circa Building

Unico’s solar lease was easily assigned to the new owners, proving that Unico’s innovative model contributes—and is not a hindrance—to successful institutional exits.

The Lincoln Building

Having originally acquired the property for $43 per square foot on an all-cash basis, and increasing occupancy to 97%, in November of 2013 Unico put the Lincoln Building on the market, recognizing the opportune time to sell given market cycles and duration of remaining lease terms.

Earlington Business Center

Unico identified a redevelopment path that turned Earlington’s red flags into financial benefits.

Eastmont Town Center

Eastmont required a property management team to successfully manage building operations, resolve tenant concerns, retain leases,
and effectively communicate the owner’s commitment to the tenant base and Center. Unico was identified as having both the market expertise and property management experience needed to effectively address these issues.

DC Building

Unico purchased the building in 2015 and quickly launched a repositioning strategy to invest more than $12.5 million in updates and amenities. Having undergone an exhaustive and thoughtful repositioning, The DC Building has become one of Denver’s premier downtown assets.

FAA Building

Unico partnered with MacDonald-Miller Facility Solutions and performed a building-wide investment grade energy audit to identify major deficiencies in building systems and facility improvement strategies.

RiverTec Building

Unico was able to offer its Boutique Office Portfolio investors an off-market route to an irreplaceable, and otherwise inaccessible asset through creative deal-sourcing.

Skyline Tower

During the first years of its ownership, Unico was able to increase occupancy levels and NOI as a result of its hands-on management, capital improvement strategy, and building rebranding.

Bank of America Financial Center

Unico applied its results-driven property management services to execute significant capital upgrades to the Bank of America Financial Center, reduce operating expenses creating a better leasing value for tenants, and implement a best-in-class customer service to increase the value of a trophy asset. As a result of Unico’s stellar property manager, the building’s occupancy increased from 82 percent to 93 percent.

Skinner Building

Home to the iconic 5th Avenue Theatre, the Skinner Building was a classic, multi-use property in the heart of Seattle’s central business district that was redeveloped by Unico to meet the needs of modern tenants.

Overlake Hospital Medical Center

Unico was identified as having both the local knowledge required, as well as the industry and asset type expertise, and so was selected to manage the project.

A class-A suburban office complex in Seattle, Washington, built in 1986 and renovated in 2000.

CenterPoint Towers

Unico quickly turned around CenterPoint Towers, an under-tenanted asset, with creative marketing and stellar property management that led to a successful disposition 7 months after taking over leasing and management. The private equity real estate firm sold the asset to a private investment group generating a significant return for investors.

U.S. Bancorp Tower Repositioning

Our repositioning strategy to modernize the building and its amenities leads to diverse tenant mix.

The Cobb Building

Despite contending with seismic upgrades and the National Register of Historic Buildings, converting this 1910 medical office to residential apartments came in $2 M under budget.

CenturyLink Tower against the dusky skyline of Salt Lake City, Utah

CenturyLink Portfolio

Unico had identified Salt Lake City as an undervalued market in the prior investment cycle, yet well located acquisition opportunities remained scarce. We were particularly interested in participating in the tailwinds offered by recent investments made in transit, retail, and…

Writer Square Repositioning

Despite its excellent location in Denver’s LoDo district, Writer Square’s rental rates were below market and the asset was in need of refreshing. With office vacancy driving an unprecedented level of demand in the submarket, Unico saw an opportunity to…

Elevated view of Writer Square plaza, with public seating.

Writer Square Acquisition

An errant lender default notice intended for a different tenant led to an opportunity to acquire a coveted asset. This is the story of the Write Square acquisition.

Stone34

Stone34 is the first commercially developed building, and second building overall, to complete the requirements of City of Seattle’s Living Building Pilot program by surpassing rigorous sustainability benchmarks during a 12-month performance period.

Harlequin Plaza

Harlequin Plaza demonstrates Unico’s agile capacity for deploying solar on multi-tenant commercial buildings without exposing the property or tenants to risk.

The Lovejoy consists of three floors of Class A office and retail atop garage parking.

Asa Flats + The Lovejoy Blocks

Leveraging local knowledge, Unico was able to source, off-market, an opportunity to step into a stalled mixed-use development. Within a year of delivery, Unico raised occupancy of the residential portion to 99% and the office portion to 90% attracting major tenants.

Smith Tower

Following the failure of an attempted residential condo conversion which led to subsequent ownership by a distressed debt fund without an operator mindset, Smith Tower was suffering from sustained low occupancy with rental rates well below market. Additionally, the asset’s…

US Bancorp Tower at night, as seen from the street with Tivoli lighting.

Repositioning

Development

Unico has a rich history of development that includes some of the most noteworthy high-rise office buildings in downtown Seattle and other high-performing buildings throughout the western U.S.

Unico Sustainability

Unico Sustainability is a division of Unico Properties focused on creating experiences that enhance human health and productivity, protect the natural environment, and increase economic returns for our partners. We do this by deploying a sophisticated palette of development and operating…

Belleview Tower

Best-in-class execution beats proforma in this commercial real estate investment case study about a Class A office acquisition in Denver.

The Lincoln Building

Market familiarity in the Portland CBD enables us to combine an off-market purchase with a tenant-in-tow.

Allenmore C

Unico worked with leadership at MultiCare to solve their overall campus expansion requirements while understanding what unique attributes the new health care facility needed given current and potential uses.

1915 Terry

Unico was able to sell 1915 Terry, a downtown Seattle building acquired off-market, without investing additional capital, producing a significant return to investors: specifically a 149% levered IRR and 3.0x equity multiple.

Aerial of Russell Investment Center in Seattle

Russell Investments Center

Unico took a 7% leased and single-purpose building and transformed it into a 94% leased, multi-tenant office tower in less than two years resulting in a head-turning, blockbuster disposition.

Slate Apartments and Lofts

Unico understood that easy access to some of Seattle’s most vibrant neighborhoods, strong transit options, and generous green space were hallmarks of an undiscovered development gem.

Aerial view of Boulder showing the Pearl East and Tierra Center business campuses.

East Boulder Portfolio

Some of our best transactions have taken, quite literally, years to mature.

701 Dexter

Our experience has shown that successfully working through intricate deals in one setting often leads to opportunities in new settings, as brokers representing owners with complex objectives feel confident in bringing us to the table.

Acquisitions & Deal Sourcing

The “off-market access” claim is overused in the industry, so we invite you to see how pervasively we back this up.

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