Jun 15, 2018

Cairncross & Hempelmann

Schulz

Taylor

Duffy

In Seattle, Cairncross & Hempelmann added attorneys J. Aaron Duffy, Brian L. Taylor and Lauren M. Schulz. Duffy's practice focuses on real estate transactions, including common-interest communities and urban infill projects. Taylor focuses on construction negotiation and disputes, including construction defects and general liability. Schulz specializes in commercial transactions, entertainment law, intellectual property protection and general corporate matters.

WSADA

Titus

Bruce Titus of Bruce Titus Automotive Group in Tacoma was named president of the Washington State Auto Dealers Association. Titus said his goal is to increase outreach with elected officials in Olympia. The association represents 294 dealers.

Navos

MultiCare affiliate Navos is merging with Community Psychiatric Clinic. The two nonprofits say the merger will allow them to increase access to urgently needed mental health services across King County. The merger will take effect Nov. 1 and the resulting company will operate as Navos. It will primarily serve low-income children, youth and adults.

TrueBlue

In Tacoma, workforce solutions provider TrueBlue acquired TMP Holdings, a United Kingdom-based recruitment marketer. TMP will operate through TrueBlue's PeopleScout business.

Jun 14, 2018

A new Holiday Inn for Tacoma

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Developer Paul Sandhu of Tacoma South Hospitality has opened Holiday Inn Tacoma Mall at 8402 S. Hosmer St. The 124-room hotel has a business lobby, indoor pool, fitness center and flexible meeting space. It was designed by Kaul Design Architecture and built by ZSA Inc. InterContinental Hotels Group, whose brands include Holiday Inn, Kimpton, Hotel Indigo, EVEN Hotels, Staybridge and Crowne Plaza, operates the hotel.

All about (and above) Pike Place Market

Smith

NAIOP will host a tour of Pike Place Market at 11 a.m. Thursday, July 19. Greg Smith of Urban Visions will be on hand, and stops are likely to include his new West Edge apartment tower, and the State Hotel (now under construction by Lake Union Partners). NAIOP also is hosting a wine fundraiser for its PAC at 4:30 p.m. Thursday, June 28 at Douglas Howe's private Sky Cellar events space near the market. Details and registration for both events: naiopwa.org.

Security Properties buys in Nashville

Security Properties and partner Admiral Capital Group announced their purchase of the 240-unit Hamptons at Woodland Pointe in Nashville. Terms were not announced. ARA Newmark was the broker. The buyers describe the 17-year-old property as a value-add investment, and many upgrades are planned. They have invested together before. New York-based Admiral is making its first investment in Nashville. The private equity firm has 12,032 units under management, and about $1.4 billion in its real estate portfolio. Security Properties now has five multifamily properties with 795 units in Nashville.

Colliers represents Arup

Second & Seneca

Colliers' Tony Ford represented Arup in leasing 25,000 square feet at Second & Seneca (formerly known as Safeco Center), at 1191 Second Ave. Terms were not announced. Arup is moving from 8,500 square feet at Millennium Tower. Arup's Joshua Yacknowitz said in a statement, “Our office has doubled in size in the last three years, and we look forward to continued growth.” Second & Seneca comprises two buildings and Arup is moving into the north tower. Leasing for the owner, Rockwood Capital, is done by J.J. Shephard and Joe Gowan of JLL.

Columbia Pacific provides Cincinnati loan

Columbia Pacific Advisors originated a $25 million bridge loan for Kentucky-based Blue Tide Partners, which is using the funds to acquire a nine-property, 435-unit value-add multifamily portfolio in Cincinnati. Some of the funds will refinance existing debt on nine similar properties purchased earlier. Cincinnati, like other cities, has a shortage of affordable units. Blue Tide intends to acquire 2,500 units for that market.

Tarragon promotes Bea Magno

Magno

Tarragon has promoted Bea Magno to development accountant. She has worked for the firm for two years.

First Sound Bank

Seattle-based First Sound Bank appointed Joshua Menard assistant vice president and relationship manager. Menard has nearly 10 years of financial services experience, most recently as a branch manager for U.S. Bank in Seattle. He is a member of First Sound's commercial lending practice.

Sound Community Bank

In Seattle, Sound Financial Bancorp and its subsidiary Sound Community Bank hired Daphne Kelley as CFO. Kelley was controller and senior vice president of a Seattle-based regional bank for three years. Before that, she held similar roles at the Federal Home Loan Bank of Seattle.

Madrona Venture Labs

Ben Elowitz joined Madrona Venture Labs as managing director. Elowitz co-founded two companies, Blue Nile and Wetpaint, and was an early employee in the e-commerce company Fatbrain. He also has been an angel investor, advisor and CEO coach for West Coast startups. Madrona Venture Labs helps startup companies as part of Madrona Venture Group in Seattle.

NexGen Mining

NexGen Mining signed a mining lease and option-to-buy agreement for 200 acres in the Cascades from Vesper Resources LLC. The land in Snohomish County includes Mackinaw Mine, with concentrations of nickel, copper, cobalt and gold. NexGen is based in Reno, Nevada.