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Real Estate

Parker, Smith & Feek firmly entered the real estate industry in 1959, crafting coverage for the Seattle Norton Building, which was the city’s first modern skyscraper, built at a reported construction cost of $12 million and the first in the Northwest to incorporate glass curtain walls. Seattle and Bellevue’s cityscapes have certainly expanded and matured since then, and so have we.

Today, Parker, Smith & Feek partners with 175+ real estate clients negotiating and servicing coverage for over $20 billion of insured assets, here in the Pacific Northwest and beyond. Our clients include owners, developers, property managers, equity partners, construction managers, universities, non-profits, and municipalities. Many control recognizable and notable landmarks contributing to our region’s character and charm, including the Space Needle and Washington’s largest shopping complex; The Bellevue Collection.

Our Real Estate Practice Group formed as a natural outgrowth of our initial core focus when we started back in 1937, the construction industry. As we honed our skills and client advocacy within what became our Construction Practice, we interacted with owners and developers who similarly appreciated our collaborative culture and superior technical expertise.

Our professionals work closely with real estate concerns to strategically and efficiently protect their assets. By understanding all of the risk complexities associated with owning, developing, and managing real estate, we provide the full spectrum of expert service and counsel whether we are contemplating a multi-state portfolio of multifamily assets, a large multi-tenanted industrial campus or the ground-up development of mixed-use high-rise. Supported by highest caliber resources, including a dedicated Project Risk Services unit, the region’s leading Surety Practice, and proactive, hands-on claims department, our team delivers true, coordinated support that is unmatched in the industry.

If you are developing, we are the preeminent broker for builder’s risk, OCIP (owner controlled insurance programs), OPPI (owner protective professional indemnity) and real estate development errors & omissions. Need a bond for an LLC or LP with a diverse ownership structure? Our surety team will effectively assist. Navigating a complicated, multi-party contractual endeavor? We will read the fine print and provide diligent guidance from a risk management and insurance perspective. Our Real Estate Practice Group lives and breathes real estate every single day. There is no better choice for real estate insurance and risk management advocacy.

Services Offered

Alternative Risk Management

Contract Review

Environmental Risk

Insurance Program Design

Premium Allocation