Laycock tells GlobeSt.com he will be looking to acquire development sites as well as existing communities throughout Oregon, Washington and Idaho. Moreover, the 21-year veteran says he will have the opportunity to be involved in the developments themselves.
Fairfield president Chris Hashioka tells GlobeSt.com he has known Laycock for a number of years and is looking forward to having him help increase the pace of acquisitions in the Northwest. "He's going to be a great guy to have on our team," he says. "Expect to see things start to happen up there next year." Fairfield's principal Seattle-area offices are located in Watermark Tower in Downtown Seattle. The company also keeps a construction group up in Lynwood, WA, and a property management division in Bellevue, WA. Laycock will work out of that Downtown office along with Mark Faulkner, a Fairfield development executive who relocated to Seattle nine months ago.
For C&W, the loss could have been worse. Laycock could have been taking his talents to a competitor. Instead, he is now a potential client. Steffanie Birkeland, Laycock's current associate, will continue with C&W as a multifamily investment broker.
Fairfield owns seven apartment communities in the greater Seattle area. As a C&W broker, Laycock has been sourcing Northwest property acquisitions for Fairfield for the past 18 months. He has sold them one site in Everett, and another in Woodinville is in escrow.
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