CoBiz Investment Management, LLC " as of Dec. 31, 2011

                {C} {C}
FORM 13F
As of 12/31/2011

														(SEC USE ONLY)
Page 1 of 1
		Name of Reporting Manager: 					CoBiz Investment Management



	Title of			Shrs Or	Sh/	Put/	Investment	Other	Voting Authority
Security	Class	Cusip	Value	Prn Amt	Prn	Call	Discretion	Managers	Sole	Shared	None
ALPS ETF TR ALERIAN MLP	Common Stock	00162Q###	-##	-####	x				x
AT^T INC COM	Common Stock	00206R102	9	302	x				x
ABBOTT LABS COM	Common Stock	002824100	55	987	x				x
AMERICA MOVIL SAB DE CV SPON A	Common Stock	02364W105	28	1223	x				x
AMPHENOL CORP NEW CL A	Common Stock	032095101	30	662	x				x
APPLE INC COM	Common Stock	037833100	54	134	x				x
AUTODESK INC COM	Common Stock	052769106	23	764	x				x
BARCLAYS BK PLC DJUBS CMDT ETN	Common Stock	06738C778	-21	-506	x				x
BAXTER INTL INC COM	Common Stock	071813109	35	711	x				x
CARBO CERAMICS INC COM	Common Stock	140781105	28	228	x				x
CHEVRON CORP NEW COM	Common Stock	166764100	70	660	x				x
CISCO SYS INC COM	Common Stock	17275R102	30	1675	x				x
COACH INC COM	Common Stock	189754104	60	983	x				x
COSTCO WHSL CORP NEW COM	Common Stock	22160K105	63	760	x				x
DICKS SPORTING GOODS INC COM	Common Stock	253393102	36	987	x				x
DONALDSON INC COM	Common Stock	257651109	67	977	x				x
E M C CORP MASS COM	Common Stock	268648102	49	2267	x				x
ECOLAB INC COM	Common Stock	278865100	67	1154	x				x
EMERSON ELEC CO COM	Common Stock	291011104	58	1247	x				x
EXXON MOBIL CORP COM	Common Stock	30231G###	-##	-####	x				x
GENERAL ELECTRIC CO COM	Common Stock	369604103	-108	-6030	x				x
GOLDMAN SACHS TR HI YLD INSTL	Common Stock	38141W679	0	0.168	x				x
GOOGLE INC CL A	Common Stock	38259P508	42	65	x				x
HONEYWELL INTL INC COM	Common Stock	438516106	56	1037	x				x
HORMEL FOODS CORP COM	Common Stock	440452100	45	1552	x				x
INDEXIQ ETF TR HEDGE MLTI ETF	Common Stock	45409B107	-117	-4303	x				x
INDEXIQ ETF TR IQ GLB RES ETF	Common Stock	45409B883	-26	-916	x				x
INTERNATIONAL BUSINESS MACHS C	Common Stock	459200101	77	417	x				x
ISHARES TR S^P 500 INDEX	Common Stock	464287200	-48	-380	x				x
ISHARES TR MSCI EMERG MKT	Common Stock	464287234	-38	-990	x				x
ISHARES TR MSCI EAFE INDEX	Common Stock	464287465	-12	-235	x				x
ISHARES TR RUSSELL 3000	Common Stock	464287689	-6	-75	x				x
JPMORGAN CHASE & CO COM	Common Stock	46625H100	64	1931	x				x
JOHNSON & JOHNSON COM	Common Stock	478160104	46	694	x				x
JOY GLOBAL INC COM	Common Stock	481165108	27	356	x				x
KRAFT FOODS INC CL A	Common Stock	50075N104	51	1374	x				x
LAUDER ESTEE COS INC CL A	Common Stock	518439104	73	649	x				x
LOWES COS INC COM	Common Stock	548661107	31	1224	x				x
NATIONAL OILWELL VARCO INC COM	Common Stock	637071101	73	1077	x				x
NIKE INC CL B	Common Stock	654106103	55	567	x				x
NOVO-NORDISK A S ADR	Common Stock	670100205	38	327	x				x
O REILLY AUTOMOTIVE INC NEW CO	Common Stock	67103H107	44	552	x				x
OCCIDENTAL PETE CORP DEL COM	Common Stock	674599105	89	951	x				x
ORACLE CORP COM	Common Stock	68389X105	50	1932	x				x
PEABODY ENERGY CORP COM	Common Stock	704549104	27	828	x				x
PEPSICO INC COM	Common Stock	713448108	-14	-212	x				x
PETSMART INC COM	Common Stock	716768106	59	1152	x				x
PRAXAIR INC COM	Common Stock	74005P104	35	324	x				x
PRICE T ROWE GROUP INC COM	Common Stock	74144T108	49	869	x				x
PROCTER & GAMBLE CO COM	Common Stock	742718109	62	925	x				x
PRUDENTIAL FINL INC COM	Common Stock	744320102	62	1229	x				x
QUALCOMM INC COM	Common Stock	747525103	8	140	x				x
SPDR S^P 500 ETF TR TR UNIT	Common Stock	78462F103	19	150	x				x
SPDR SERIES TRUST S^P DIVID ET	Common Stock	78464A763	-31	-574	x				x
SCHLUMBERGER LTD COM	Common Stock	806857108	54	787	x				x
SELECT SECTOR SPDR TR SBI INT-	Common Stock	81369Y704	55	1620	x				x
STRYKER CORP COM	Common Stock	863667101	30	608	x				x
TARGET CORP COM	Common Stock	87612E106	45	873	x				x
US BANCORP DEL COM NEW	Common Stock	902973304	50	1860	x				x
UNION PAC CORP COM	Common Stock	907818108	74	698	x				x
WALGREEN CO COM	Common Stock	931422109	42	1283	x				x
WATERS CORP COM	Common Stock	941848103	83	1115	x				x
WELLS FARGO & CO NEW COM	Common Stock	949746101	47	1705	x				x
WISDOMTREE TRUST EQTY INC ETF	Common Stock	97717W###	-##	-####	x				x
WISDOMTREE TRUST EMG MKTS SMCA	Common Stock	97717W281	-6	-140	x				x
WISDOMTREE TRUST EMERG MKTS ET	Common Stock	97717W315	-9	-183	x				x
WISDOMTREE TRUST SMALLCAP DIVI	Common Stock	97717W604	-11	-238	x				x
ACCENTURE PLC IRELAND SHS CLAS	Common Stock	G1151C101	60	1129	x				x
			1838
COLUMN TOTAL$1838