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Seattle & Northwest  + Washington  + Apartments  |  May 30, 2025
Jasmine Kilman
By: Jasmine Kilman

NAIOP Names Vulcan the North American Developer of the Year

NAIOP, the Commercial Real Estate Development Association, has selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor.

“It’s an incredible honor to be named NAIOP’s Developer of the Year,” said Ada Healey, Chief Real Estate Officer at Vulcan Real Estate. “We’re proud of the role we’ve played in helping shape the future of the Pacific Northwest and grateful to NAIOP for celebrating our commitment to building places where innovation and community thrive.”

This is the second time Vulcan has been honored with NAIOP’s prestigious Developer of the Year award, testament to its ongoing commitment to creating value for all stakeholders throughout the region. Since its founding in 2001, Vulcan Real Estate has invested $6.7 billion to develop more than 10 million square feet of commercial space and over 4,200 residential units.

Vulcan’s projects in the area include Amazon’s Seattle headquarters in South Lake Union, the University of Washington School of Medicine, and Google’s Seattle relocation and expansion.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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