Aug 03, 2018

Army Corps of Engineers

Helmlinger

In Portland, Brig. Gen. D. Peter Helmlinger assumed command of the Northwestern Division office of the U.S. Army Corps of Engineers. Helmlinger succeeds Col. Torrey A. DiCiro in overseeing a multi-billion annual program in civil works, military construction and environmental restoration in 14 states. Helmlinger was commander for the South Pacific Division in San Francisco.

City of Seattle

The city of Seattle promoted Tiffany Washington to the newly created position of deputy director of homelessness in the Human Services department, and Calvin Goings to director of Finance and Administrative Services. Washington was division director of homeless strategy and investments in Human Services. Goings was chief of staff at Seattle City Light, will become FAS director pending City County confirmation. Fred Podesta, current FAS director, will head up the expanding Navigation Team in Human Services. The team connects homeless people with services and shelter.

Coreo Fitness

Coreo Fitness is opening Seattle's first bungee workout studio at 508 First Ave. N. in Uptown. The studio website has classes scheduled for Saturday, and a grand opening Aug. 18-19. Tiffany Kung is the founder.

Aug 02, 2018

HFF works on $54M Lacey deal

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The 248-unit Marq on Martin, at 8545 Litt Dr S.E. in Lacey, sold to Security Properties in June for $54.5 million. Holliday Fenoglio Fowler said it secured acquisition financing for the buyer. The 12-acre complex has 10 buildings; the average unit size is 831 square feet. Brokers weren't announced. HFF said it secured a 10-year, fixed-rate loan (with five years of interest only) through Freddie Mac's CME Lease-Up Program. HFF's team was led by Charles Halladay, Scott Gilson and Robert Bova. Security Properties owns over 4,000 units in the region.

Colliers leases all of Gateway I

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Colliers said Sam Ziemba and Derek Heed have leased all 110,250 square feet at Gateway I in Bellevue. In 2015, Talon Private Capital bought the four-story 1985 building at 11400 S.E. Eighth St. for $38.75 million. Colliers took over the leasing in February. Tenants include Mainspring Wealth Advisors, DCI Engineers, Seattle Pacific Mortgage, MultiCare Health Systems, Evergreen Management Capital, Nichirei USA and TENW.

Benaroya lands SEFNCO at South Hill

Benaroya Co. has a new tenant at South Hill Business + Technology Center in Puyallup. SEFNCO Communications, which makes and installs wire and fiber products, is taking 15,810 square feet for its new headquarters, with 90 employees. Matthew Hagen of Kidder Mathews represented SEFNCO. John Bauder of CBRE represented Benaroya. Benaroya began developing the 86-acre complex a decade ago, which it originally acquired for $30 million.

CHH adds to board

Capitol Hill Housing said Robert Schwartz is the new chair of its board of directors. The nonprofit is developing 110 units at Capitol Hill Station, and partnering with Seattle Central College on about 82 units on the site of the landmarked Eldridge Tire Co. building. CHH currently has about 48 buildings in its portfolio, housing over 2,000 people.

Spaceworks Tacoma

Michael Liang is the new program director of Spaceworks Tacoma, a business incubator for the creative community. Liang spent 10 years with the National Park Service, supporting creative media efforts in over 80 parks. Spaceworks started eight years ago to fill vacant downtown storefronts with art, events and businesses, and now offers training and support for artists and entrepreneurs.

Banner

Walla Walla-based Banner Corp. is acquiring Burlington-based Skagit Bancorp in an all-stock transaction. Upon completion of the deal late this year, Skagit CEO Cheryl R. Bishop will join the Banner board of directors. Banner Corp. is the holding company for Banner Bank and Islanders Bank, and Skagit Bancorp is the holding company for Skagit Bank. The combined company will have about $11.4 billion in assets.

Mercer

Trisha Tyler, Mercer's Pacific Northwest health business leader, was named 2018 Female Leader of the Year by the Seattle Metropolitan Chamber of Commerce. Tyler was recognized for advancing gender equity in workplaces and the community. Mercer is a global consultant on health, wealth and careers. It's a subsidiary of Marsh & McLennan Companies.