Pastakia + Associates

What Pastakia + Associates does

Pastakia + Associates, LLC is a Seattle-based, women-owned real estate development firm founded in 2010 by Tejal Pastakia. The firm specializes in mixed-use, urban infill projects across the Puget Sound region, with a portfolio of roughly 20 delivered or in-development assets including ArtHouse, The Commons at Ballard, Cue, GreenHouse, Zella, Stellar, and the 300+ unit Bellevue Plaza. Its core offering is multidisciplinary development consulting, acting as an in-house team for clients from feasibility analysis and due diligence through entitlement and permitting, design and construction oversight, marketing and lease-up, and ongoing asset and community relations management.

The firm's revenue is generated through professional services fees for development and construction management, underwriting and market analysis, and strategic co-development partnerships on complex deal structures. Named clients span private developers (Harbor Urban/Mack Urban, Pauls Corporation, O&S LLC, Henbart LLC, Rush Companies) and institutional capital (Keppel Pacific Oak US REIT on Bellevue Plaza). Project financing has been arranged through CBRE Capital Markets, including a $33MM construction and permanent loan for Zella Apartments. Operating geographies are concentrated in the Seattle metropolitan area and surrounding Puget Sound communities (Bellevue, Redmond, Lake Stevens, Shoreline), with no global footprint.

The firm is small (1-10 employees) and led by Managing Partner Tejal Pastakia and Partner Leslie Haza, both with 25+ years of industry experience. Its competitive position rests on local regulatory expertise, community and government-relations capabilities, adaptive-reuse and mixed-income development know-how, and board-level influence within NAIOP Puget Sound, UW's Runstad Department of Real Estate, and Bellwether Housing. The firm has not raised institutional funding, has no disclosed revenue, and has no app, API, or disclosed AI/ML capabilities.

Name

Pastakia + Associates

Legal name

Pastakia + Associates LLC

Website

https://pastakiallc.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Pastakia + Associates is a Seattle-based, women-owned real estate development firm providing multidisciplinary development consulting from feasibility through lease-up for mixed-use, urban infill projects in the Puget Sound region, serving private developers and institutional investors.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Management Consulting Services (54161), Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Management Consulting Services (8742)

akta.pro primary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Real estate development
• Mixed-use development
• Urban infill
• Entitlements consulting
• Construction management

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Development Consulting Services: The firm provides multidisciplinary real estate development consulting services, acting as an in-house team member for clients. Revenue is generated through professional services fees for development management, programming oversight, financial analysis, construction observation, market positioning, and community/government relations.
2. Development Management Fees: Fees for managing development projects from feasibility and entitlements through construction and lease-up. The firm contributes to projects at any stage in the development process.
3. Real Estate Co-Development: Strategic partnerships with investors on complex deal structures and joint development ventures, such as the 300-unit Bellevue Plaza project developed on behalf of Bellevue Plaza Apartments LLC.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Pastakia + Associates provides multidisciplinary real estate development consulting services spanning feasibility analysis and due diligence, entitlement and permitting, design and construction oversight, and marketing and lease-up. The firm functions as an in-house team member for clients, with services tailored to each project and available from Day 1 or mid-project. The firm specializes in mixed-use, urban infill developments across the Puget Sound region.

Product overview

Pastakia + Associates is a women-owned real estate development firm specializing in mixed-use, urban infill projects across the Puget Sound region. The company offers comprehensive real estate development consulting services ranging from feasibility analysis and due diligence through entitlement and permitting, design and construction, to marketing and lease-up. Their portfolio comprises 19 named development projects across the Seattle metropolitan area and surrounding communities, including ArtHouse, The Commons at Ballard, Cue, Fremont Crossing, GreenHouse, Bogtown Flats, Ivy, Surrey on Main, Nova, Aria Flats, Zella, Fireside Flats, Lago Eastlake, Stellar, Redmond Hue, Bellevue Plaza, Shoreline Mixed-Use, Elowen, and Lake Stevens 99. Project types include urban infill apartment buildings ranging from 62 to 400 units, mixed-use developments combining residential with retail and/or office space, and adaptive reuse projects. The firm serves as a multidisciplinary partner providing integrated expertise across the entire development lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Consulting Services Comprehensive real estate development consulting services covering feasibility analysis and due diligence, entitlement and permitting, design and construction oversight, and marketing and lease-up. Includes programming and design oversight, financial and market analysis, development and construction management, market positioning, asset management, and community and government relations. Services are tailored to each client and project, available from Day 1 or mid-project, functioning as an in-house team member.

Quantifiable outcome

• Over 7,500 housing units and 250,000+ square feet of commercial/retail space developed

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Bellevue Plaza Apartments LLCcoreStrategic or Co-development Partner · 11 May 2021Pastakia + Associates is undertaking permitting and entitlement work on behalf of Bellevue Plaza Apartments LLC for a new approximately 300-unit, five-story multi-family building in downtown Bellevue at 10850 NE 8th Street. The project will be constructed atop the site's existing six-level parking garage.
• Keppel Pacific Oak US REITcoreStrategic or Co-development Partner · 11 May 2021Singapore real estate investment trust that owns the existing parking garage at 10850 NE 8th Street in Bellevue. Pastakia + Associates is developing a luxury apartment building atop the garage on their behalf.
• Rush CompaniescoreStrategic or Co-development PartnerCo-development partnership on Redmond Hue, a 93-unit mixed-use project with 2,500 SF of retail in Redmond, WA.
• Pauls CorporationminorStrategic or Co-development PartnerClient relationship with Pauls Corporation (Denver) for ArtHouse - 139-unit urban infill apartment building in Belltown, Seattle.
• University of Washington Runstad Department of Real EstatecoreStrategic or Co-development PartnerManaging Partner Tejal Pastakia serves on the board of the University of Washington's Runstad Department of Real Estate. She currently leads the Fall Term for the Commercial Real Estate Certificate program at UW.
• NAIOP Puget SoundcoreStrategic or Co-development PartnerManaging Partner Tejal Pastakia serves on the Board of Directors for NAIOP Puget Sound, the commercial real estate development association.
• Bellwether HousingminorStrategic or Co-development PartnerTejal Pastakia previously served on the Board of Bellwether Housing, the region's leading affordable housing provider.
• Compass ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for the Bellevue Plaza project. Part of the integrated project team with Encore Architects and Pastakia + Associates.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Sabey Corporation: Seattle-headquartered real estate investment and development firm with a mixed-use and multifamily portfolio in the Pacific Northwest. Comparable development function and Pacific Northwest footprint.
• Laconia Development Group: Seattle-based real estate developer focused on multifamily and mixed-use urban infill projects in the Pacific Northwest. Comparable product and market focus at a similar size tier.

Broad incumbents

• AMLI Residential: National multifamily developer with a Pacific Northwest presence, operating urban and suburban apartment and mixed-use projects. Comparable multifamily product type, larger institutional scale.
• AvalonBay Communities: Public multifamily REIT and developer with a Pacific Northwest portfolio of urban, mixed-use apartment communities. Comparable multifamily development discipline and institutional capital profile.
• Greystar Real Estate Partners: Largest U.S. multifamily developer, operator, and investment manager; broadly comparable multifamily development and investment platform with national scale that Pastakia competes with for institutional capital.
• Vulcan Real Estate: Large Seattle-based real estate developer (Paul Allen's company) operating across office, life sciences, multifamily, and mixed-use in the Puget Sound region. Larger scale but same geographic market and urban development thesis.

Direct peers

• Pine Street Group: Seattle-based real estate development firm focused on mixed-use and urban infill projects in the Puget Sound region. Closely comparable product type and geography to Pastakia.
• Wright Runstad & Company: Seattle-based commercial real estate developer focused on office, mixed-use, and urban infill in the Puget Sound region. Overlaps with Pastakia on mixed-use development expertise and client base.
• The Rush Companies: Pacific Northwest real estate developer and co-development partner with Pastakia on Redmond Hue. Comparable mid-sized mixed-use multifamily development focus across the Puget Sound region.
• Mack Urban (Harbor Urban): Seattle-focused multifamily and mixed-use developer that has directly engaged Pastakia as a development partner on Nova and GreenHouse. Highly comparable product type (urban infill apartments) and same Puget Sound market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pastakia + Associates