Breaking New Ground
Schnitzer West is a 24-year-old, private real estate operating company that invests in institutional grade commercial investment office, for rent residential and industrial properties on behalf of its Schnitzer West sponsored real estate equity investment funds ("SW RE Funds") and the funds' various outside joint venture partners. Beyond investment, Schnitzer West also provides development, construction management, asset and property management services to the investments of the SW Funds and its joint venture partners, as well as to outside third-party commercial property owners.
Schnitzer West was co-founded in 1997 by its now present sole owner Dan Ivanoff as the then managing operating partner, and by its then capital funding partner, Schnitzer Investment Corp (now MMGL Hold Co LLC) under the continued leadership of its CEO Ken Novack. A ‘Cowboy Family’ from day one, the team set out to build an undeniably strong, resilient, and financially impressive commercial real estate investment and management firm specializing in high-rise, low rise and suburban offices, for-rent residential and industrial real estate assets.
Today, Dan Ivanoff and Ken Novack co-chair the SW RE Funds Investment Committee together, and Schnitzer West is now directed day to day by its highly entrepreneurial and experienced Management Team (critically aligned for succession) to continuously advance Schnitzer West’s cumulative achievements to far beyond what Dan and Ken originally visualized for Schnitzer West’s expectations of success.
Since its inception in 1997, Schnitzer West, LLC, has developed and repositioned 10.7 million square feet across a variety of property types in the Seattle, Portland and Denver markets including:
• Class A+ core and suburban office
• Flex and bio-tech space
• Luxury multi-family apartment
• Residential condominiums
• Luxury retail
Today, the company has 850,000 square feet currently under construction, another 1.7 million square feet of active predevelopment in the pipeline, and 3.1 million square feet of Class A office, flex, and industrial buildings under management in the greater Seattle and Denver markets.