SEATTLE-Seattle multifamily investment brokers are losing a strong competitor next week. Greg Laycock, Cushman & Wakefield’s Seattle-based senior director of capital markets and one of its top producing multifamily investment brokers, is leaving the firm next week to be the Northwest acquisitions executive for Fairfield Residential, a major apartment owner and developer based out of San Diego.

Laycock tells 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 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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