SteelWave is a privately held full-service creative life science, creative office, and industrial real estate management firm.

We create spaces focused on elevated and exceptional user experiences. Through unparalleled design and thoughtful execution, we spark creativity and invigorate collaboration.

SteelWave and its predecessor companies, Legacy Partners Commercial and Lincoln Property West, have been active in commercial real estate for over 50 years. We are a vertically integrated real estate company, believing that an “all-hands-on deck” team approach to managing real estate assets is superior to an allocator’s model of outsourcing to third-party service providers.

Our History

Strength + Flexibility

Read about our history —
Read about our history —
Read about our history —

We’ve built a reputation for successful execution by sourcing sound investments in our 7 key markets.

We operate in Northern California, Southern California, Denver, Seattle, Portland, Austin, and Phoenix. Since inception, our team has acquired, designed, developed, entitled, or managed 61.3M SF of industrial product and 51.2M SF of office product, 1,500 multifamily units, and 7.8M SF of life science R&D across our Western United States target markets at a combined cost of over $17.5 billion.

Vertically integrated & differentiated by design, leading our clients into a new era of commercial real estate.

Core Values
  1. 0101

    We are one of the most seasoned real estate investment teams in the Western United States, investing across multiple market cycles with an elite group of capital providers for over 50 years. The 23 most senior SteelWave professionals have an average tenure of 23 years working together as a team, and 31 years in the real estate industry.

  2. 0202

    The saying goes: if you want something done right, do it yourself. That's why we do it all. We believe that an all-hands-on-deck team approach to managing real estate assets are superior to an allocator's model of outsourcing to a variety of third-party service providers. To that end, we've built a fully integrated development, acquisition, asset management, property management, leasing, architectural and construction company. We work collaboratively as a team to manage every aspect of each project, enabling us to provide consistent execution and attention to detail.

  3. 0303

    We embrace innovation and see opportunity where others can’t. We think without limitations to create change instead of waiting to adapt to change.

  4. 0404

    We are deeply passionate about what we do, how we do it and when we do it. We hire and nurture team members who have demonstrated a track record of passion and a commitment to excellence in everything that they do. These are the attributes that define the essence of who we are as individuals and as a company.

Our Team

As creative problem-solvers, SteelWave creates exceptional environments and delivers enduring value for every investor, partner, and client.


Board of Directors

Executive Committee

  • Monica Baytos

    Regional Vice President, Denver Metropolitan Area and Texas

  • Nancy Chau

    Chief Administrative & Accounting Officer

  • Cyrus Colburn

    Managing Director, Design & Construction

  • Michelle Crabtree

    Regional Vice President, Seattle & Portland

  • Barry DiRaimondo

    Co-Founder, Chief Executive Officer & Chairman

  • Laura DeFlores

    Senior Vice President, Property Management Services & CDS

  • Steve Dunn

    Senior Managing Director, A&D, San Francisco Bay Area

  • Aaron Dwinell

    Managing Director, A&D, Seattle, Portland

Backed by the best —
Backed by the best —
Backed by the best —

Capital Partners

We co-invest side-by-side with our capital partners, managing our partners’ capital as if it were our own.


Making a

SteelWave doesn’t just create spaces—we create communities. We’re proud to give back to the organizations that make our communities healthier and more resilient.