We build up the neighborhoods where we live, thoughtfully.
By harnessing complex situations and face-to-face relationships with our public and private partners, we execute meaningful multifamily, office, industrial, and retail developments. Since 2002, we’ve completed over $1.5 billion in projects and investments across diverse product types for businesses, neighborhoods, and cities.
We work hard—with partners who care for Portland and Seattle as much as we do—to find perfect opportunities hiding where others can’t.
“Our Capstone team is seasoned and respected, treating all people involved in our projects as partners. Just ask them!”
Kirk joined Mike to form Capstone’s Seattle brand of operations in 2002. Since then, Capstone’s Seattle area projects have included over $2B of ground-up development and value-add projects. Some highlights include the $1.3B Esterra Park project in Redmond (One Esterra Park’s 245,000 sf office building and the 634-unit Verde at Esterra Park), Facebook’s 350,000 sf Seattle headquarters in South Lake Union, the 285-unit Union in South Lake Union, the Esterline and Rockwell Collins manufacturing facilities in Everett (combined 500,000 sf), and 1 million sf of speculative warehouse buildings in the Kent Valley.
Before starting Capstone Partners, Kirk spent 16 years at Trammell Crow Company, where he held various leadership positions, including sitting on their investment committee.
Kirk grew up in the Seattle area, received his MBA from Harvard University and his BBA (Accounting) from the University of Washington. His extracurricular activities include volunteer board positions on the University of Washington (ACRE; real-estate advisory) and the Seattle Children’s Hospital.
“Budget, schedule, and good coffee…”
Mike grew up in the Seattle area, matriculated to Southern California for college and work, and moved to Chicago for graduate school before landing at Trammell Crow in 1990. After a dozen years of marketing, brokerage, operational, and regional jobs, Mike joined Kirk to form Capstone’s Seattle branch in 2002.
Since then, Capstone’s Seattle area projects have included over $2B of ground-up development and value-add projects. Some highlights include the $1.3B Esterra Park project in Redmond (One Esterra Park’s 245,000 sf office building and the 634-unit Verde at Esterra Park), Facebook’s 350,000 sf Seattle headquarters in South Lake Union, the 285-unit Union in South Lake Union, the Esterline and Rockwell Collins manufacturing facilities in Everett (combined 500,000 sf), and 1 million sf of speculative warehouse buildings in the Kent Valley.
Mike is active in the community and keeping pace with his college triplets.
Mike received his BA in Economics from Pomona College and his MBA in Finance and Marketing from Kellogg School of Management at Northwestern University.
“Our team’s size, experience, and geographic focus gives us the ability to be nimble and creative when making deals.”
Dave grew up in the Seattle area. His career in commercial real estate began in 2006, while in graduate school at in Los Angeles, and progressed over the next seven years working at investment and operating firms in Southern California. He returned to Seattle in 2013 and began working as a commercial real estate broker focused on marketing office properties in the region. Throughout his career, Dave honed his network and his personal ability to connect with different brokers, property owners, and partners, participating in over 30 separate transactions totaling nearly $2B in total value.
It’s these personal relationships and varied experiences that Dave values so much, that help him and Capstone find new opportunities. His ability to activate our community of professionals, many from different disciplines, lets us tackle and financially execute a wide variety of projects.
Dave received his MBA from the University of California, Los Angeles, and his BA from Washington State University. He’s an active NAIOP member and volunteer mentor, and he co-chairs NAIOP’s Property Tour Committee.
“I like the weather here. And the people! I like to go hiking every week with friends. Even if there’s snow, we go.”
Vicky manages accounting and financial reporting for Capstone Partners’ development and ownership entities.
Each project is different, from joint venture entities that require yearly economic reports to other development projects that need monthly reporting. Day to day, she draws up worksheets and sales spreadsheets, works with vendors, takes care of invoices—all the essential accounting work that keeps us financially healthy and our partners happy.
Before joining Capstone Partners in 2007, Vicky worked as a senior accountant at the Trammell Crow Company, where she led a team providing properties management accounting services for multiple Pacific NW portfolios. Before immigrating to the United States, Vicky was a tax auditor in Taiwan.
Born in Nantou City, Taiwan, Vicky earned a BA from Chinese Culture University in Taipei and—while simultaneously studying English—an MBA from City University. She can handle things.
“I love fishing for new opportunities. What’s next? Where do we go now? Because we’re small, we have to be deliberate about how we allocate our time and what projects we pursue.”
Early on, Chris Nelson learned how to find opportunities to add value in real estate and bring economic vitality to community.
His father, Stanford University’s former Director of Real Estate and Construction, helped transform the old Stanford traditional-format shopping malls into one of America’s first successful open-air, pedestrian-orientated lifestyle centers. The lessons Chris learned then—how to assess underperforming real estate by identifying new trends and markets without obvious precedents; leveraging relationships in design, construction, and finance to turn mere ideas into rewarding realities—are among Capstone’s strongest assets now.
He loves cracking the code on complex Portland-area projects, where land constraints, neighborhood involvement, and regulations make doing business a little trickier.
As Principal, Chris has personally sourced and directed development, investment, and asset management for over 8 million square feet of office, industrial, multi-family, and retail properties. Outside of Capstone, Chris is the current Chair of Urban Land Institute’s Portland District Council and a founding Board Member of KairosPDX, a Portland education-focused nonprofit serving historically underserved children and families of color in north and northeast Portland.
He is, in his own words, a lifelong learner.
Senior Asset Manager
“People don’t realize how much our small team does. But they learn quickly. That’s what makes us unique: We are all very hands-on and nimble.”
Attention to detail is essential to Capstone’s work. Every project is different. Every decision is specific and contextual.
As asset manager, Stacy's expertise lies in her keen attention to detail and contextual awareness. One moment, she can be drilling into budget details for a tenant buildout meeting; the next, she’s onsite with our operating teams. Because she conducts both asset management and construction management, partners listen up when she talks. She’s a quick read of people and a problem-solver.
Before joining Capstone in August 2013, Stacy managed a large, 900,000 square-foot, Class A office portfolio for Basin Street Properties. She’s also held multifamily positions with Equity Residential and HSC Real Estate (which predated Greystar).
Stacy has been involved with various nonprofits over the years and lives in Portland with her husband, daughter, and two dogs.
Senior Development Manager
“The way we work is by being decent. Being transparent. Building trust. Being available.”
In our work, interpersonal details are equally important as business details. Meticulous, pragmatic, and empathetic, Lauren pays attention to all. Her ability to build trust draws from Capstone’s years of collective expertise and intimate regional knowledge, yes, but also her own sensitivity toward our partners’ and our neighbors’ needs. To do real estate development well demands a delicate dance between business and social imperatives. Lauren guides that dance and informs our overall direction with precise grace.
Lauren implements and voices our business plan, closely examining financials, working pro forma, and acting as primary contact between tenants, brokers, and capital managers.
Before joining Capstone Partners in 2011, Lauren worked as an urban planning consultant specializing in redevelopment strategic planning. She’s extensively experienced in managing planning and entitlement processes, developing financial and investment strategies, and identifying catalytic redevelopment sites with public- and private-sector clients alike.
Lauren is an NAIOP board member, a member of the Urban Land Institute and, formerly, Land Use Chair and board member of the Sullivan’s Gulch Neighborhood Association. She’s also a member of the City of Portland Development Review Advisory Committee, confirmed by City Council. She holds both a Master of Real Estate Development and a Master of Planning from University of Southern California, and a BA in Sociology from Reed College.
Portland—all its complexities, all its opportunities—is her home.