Jan 11, 2018
Developer Tarragon has announced the addition of Yeorgia Anastasiou to its Seattle office. The Sarah Lawrence grad joins the company as a development associate. Tarragon said she will contribute her knowledge to the multifamily and industrial development teams on acquisitions and market analysis.
Holliday Fenoglio Fowler announced the addition of Zack Goodwin to its new Seattle office. He moves from Jones Lang LaSalle, and had prior experience as a finance officer at Norris Beggs & Simpson Financial Services. The Gonzaga grad is a licensed broker who will specialize in debt and equity placement transactions for HFF. In a statement, HFF's Tom Wilson said, “As we build out our Seattle office, which officially opened its doors last month, we are looking for top notch individuals such as Zack, that fit the culture of HFF and bring with them an excellent track record in the industry as well as deep relationships with clients and lenders active in the Seattle market and greater Pacific Northwest.”
Though better known as a hotel developer and manager, Columbia Hospitality has announced that it will manage the 5th & Madison condominium. That 24-story, 126-unit luxury tower was developed in 2007 on the Union Bank of California block downtown, overlooking Seattle Central Library. Beacon Capital began the project, then sold it to Kennedy Wilson. Ruffcorn Mott Hinthorne Stine was the architect for the LEED gold-certified building. Turner Construction was the general contractor. In a statement, Columbia Hospitality CEO John Oppenheimer said, “We look forward to working with a like-minded team that shares our core values to showcase our industry expertise in this bustling and demanding Seattle real estate market.” The company also manages the Escala condominiums in Belltown.
Marcus & Millichap will conduct an hour-long webcast today to explain the big new federal tax bill recently signed into law. Its national experts will include John S. Sebree, John Chang, Matthew Berger and Michael D'Onofrio. Their topics of discussion will cover how investors can best position for the new environment, the subtle behavioral changes caused by the new regulations, how cap rates will be influenced, and more. Visit the M&M website at 11 a.m. today to learn all about it.
Jan 04, 2018
CBRE's Seattle office announced that it has arranged $76 million in construction financing for the two-building, 301-unit Stazione: 25, which broke ground last summer near Mount Baker Station. CBRE's John Taylor and James Bach arranged the HUD loan for the ownership group, which is led by Michael Ross and Rob Spitzer. Ross said in a statement, “Seattle needs quality and affordable housing, especially close to downtown and along the light rail line, and we are glad to join the growing and diverse Mount Baker neighborhood. We appreciate the support of CBRE and HUD.” Scheduled to open in 2019, Stazione: 25 is being built by Osborne Construction Co., and was designed by Morgan Design Group.
Talon Private Capital announced last month the addition of Lori Noto to its staff. A registered architect and Harvard graduate, she has 25 years of experience in the field. She joins Talon as its director of design and construction. She was recently an independent consultant and, before that, with Bentall Kennedy. Talon's current roster of projects includes Kirkland Urban and the redevelopment of 90 North in the Eastgate area of Bellevue.
The January lunch talk for CREW will tackle the thorny topic of technology. Matthew Shaffer of Radical Galaxy Studios will discuss how VR is affecting CRE; and there will be a demonstration booth where you don the VR goggles! Jenny Moshea of Sellen Construction will explain how that company has partnered with Ekso Bionics, which makes exoskeleton vests that lessen arm fatigue in workers, thereby reducing potential injuries and increasing worker efficiency. Also on the panel is Marlo Dowell of Katerra. The event is set for 11:30 a.m. Thursday, January 11 at Motif's Emerald Ball Room, 1415 Fifth Ave. Info and registration: crewnetwork.org.
The ULI's Young Leaders Group is hosting what it calls “Putts & Pints,” meaning the annual mixer at Flatstick Pub in Pioneer Square (240 Second Ave. S.). The event begins at 5:30 p.m. Thursday, January 11. Details and registration at: northwest.uli.org.