May 03, 2018

Zipwhip

Zipwhip, a Seattle cloud software startup for two-way business texting, hired Scott Heimes as chief marketing officer. Heimes was CMO at SendGrid and Digital River.

HSBC

HSBC Global Private Banking, Americas is expanding to Seattle with a new office led by Mark Pittsey, market head for HSBC's West Region. Pittsey will be hiring relationship managers, investment counselors and support staff. HSBC provides clients with wealth, business and family succession solutions.

First Interstate BancSystem

First Interstate BancSystem, parent company of First Interstate Bank, is buying Spokane-based Northwest Bancorporation, parent company of Inland Northwest Bank, for $160.9 million in stock. Inland Northwest Bank will continue to operate its 20 branches in Washington, Idaho and Oregon. The deal is expected to close later this year. First Interstate is based in Billings, Montana.

Frazier Healthcare Partners

Glen Moller joined Frazier Healthcare Partners as operating partner on the Growth Buyout team. Moller was CEO at ArroHealth and has 25 years of experience leading health care and technology businesses. Frazier provides growth and venture capital to health care companies. It has offices in Seattle and Menlo Park, California.

PetSmart

PetSmart opened a 14,000-square-foot store at 22650 S.E. Fourth St. in Sammamish. The store offers pet training and adoption, as well as a grooming salon for dogs and cats.

JLL secures $48M for Cyrene

Mack Real Estate Group's Cyrene opened last year at 50 University St., one of the first new luxury apartment buildings to go up in advance of the viaduct coming down. JLL Capital Markets said it arranged a $48 million permanent loan for the 16-story, 169-unit Cyrene, which was designed by Ankrom Moisan and built by Exxel Pacific on land leased from Enwave Seattle (formerly Seattle Steam). JLL's Ray Allen, Seth Heikkila and Drew Heitstuman sourced the loan. Public records indicate it came from Societe Generale.

iBorrow arranges $9M Olympia loan

Direct lender iBorrow, which recently opened an office in Ballard, said it arranged a refinance loan for $8.9 million on OB Investors' 88,450 square-foot office building at 3000 Pacific Ave. S. in Olympia. The 30-year-old building is 74 percent occupied. OB Investors, a partnership between Larry Mattal and a family trust, has owned the building for a decade. CEO Brian Good said in a statement, “The borrower needed a new loan to enable it to continue its leasing efforts before marketing it for sale.” Based in Los Angeles, iBorrow is a nationwide direct lender. JLL Northwest brokers Ray Allen and Seth Heikkila arranged the loan on behalf of OB Investors.

ISRD seeks board member

The International Special Review District has an open slot for an ID resident, tenant or community participant. The term ends in November 2019. The ISRD board has five elected and two appointed members. For more information, see the Department of Neighborhoods page at seattle.gov.

JLL expands multifamily team

Jones Lang LaSalle has announced three new local hires. Jim Schneider moves from Centennial Mortgage, where he closed more than $1.2 billlion in HUD loans over seven years. Madeleine Roach and William “Wim” Roach also make the move from Centennial. Together, over the past two years, they've closed over $166 million in HUD loans.

$10M loan for Hope Valley Resort

Columbia Pacific Advisors has provided $10.25 million in short-term debt for a former RV park near Salem, Oregon, being converted to a tiny-house community. Hope Valley Resort, in the town of Turner, will have about 250 home sites (or pads). The project currently has 194 pads, a renovated clubhouse and new 160-unit self-storage facility. Financing was arranged by Nate Wingham of IndoGro Capital. Billy Meyer represented Columbia Pacific Advisors.