Mar 15, 2018
The Scottsdale, Arizona-based investment and development firm Caliber is opening a Seattle office, led by Sherry Zins Calvert. She makes the move from Arch River Capital. Calvert has helped secure over $300 million in captial in her career. Caliber says it has over $300 million in assets under management in five states in commercial, residential, multi-family, self-storage and hospitality sectors.
NAIOP will hold a breakfast presentation next week, pitting economists Matthew Gardner of Windermere Real Estate and Zillow's Skylar Olsen against each other. Topics will include Amazon's HQ2, recent employment data and the Seattle market in general. The event takes place at 7 a.m. Wednesday, March 21 at the Grand Hyatt Seattle, 721 Pine St. Details and registration: naiopwa.org.
The cloud-based Seattle brokerage startup MoxiWorks is expanding with two new hires: Jim Tarte as chief financial officer and Marc Chouaniere as vice president of marketing. CEO York Baur said in a statement, “We're honored to have industry veterans that are qualified to work anywhere in tech choose us to practice their craft.” The MoxiCloud platform has expanded from one brokerage client with 6,500 agents to 55 brokerage clients with over 100,000 agents. The company has about 75 employees, and recently expanded to a full floor in the Commuter Building, near the ferry terminal.
Mar 08, 2018
Travis Hale was named partner at Panattoni Development Co. in Seattle. Hale has been with Panattoni since 2014 and has 23 years of commercial real estate experience, ranging from institutional asset management to build-to-suit projects. He joins current partner, Bart Brynestad, who has led the Seattle office since 2003.
Horizon Partners Northwest of Tacoma promoted Cammy Wittrell to president. She's been with the company for 16 years, starting as property manager and moving to asset manager. Company founder and CEO Mike Bartlett said in a statement, “Promoting her to president is not only the natural fit, but it's a move that will position Horizon Partners as an industry leader, continuing to provide the excellent customer service we offer to our tenants.” Horizon Partners is overseeing the mixed-use Brewery Blocks redevelopment project, which is expected to break ground soon in Tacoma. Horizon Partners owns and manages nearly 400,000 square feet in all sectors of commercial real estate.
Houston-based Stewart Title is expanding its staff here. Joining the Seattle CBD office are industry veterans Warren Samek, Peter Johndrow and Shawn Elpel. Stewart Title is part of publicly traded Stewart Information Services Corp., a global real estate services company.
NAIOP holds this year's South Sound Forecast on March 15. The breakfast gathering starts at 7 a.m. at Pacific Grill (1502 Pacific Ave.). Panelists will address issues like how cities are planning for growth. Tacoma city council member Conor McCarthy will moderate. Panelists will be: Ben Mauk of UW-Tacoma; Ian Munce of the city of Tacoma; Su Downie, retired former executive director of the Foss Waterway redevelopment planning team; and Loren Cohen of MC Construction, which is part of the Point Ruston redevelopment team. Details and registration at: naiopwa.org.
Mar 01, 2018
Holliday Fenoglio Fowler announced a $170 million refinancing of 901 Fifth Ave. on behalf of owners Investcorp International Realty, Inc. and Schnitzer West. They purchased 901 Fifth in 2016 for $223 million, and recently spent $7 million to upgrade the lobby and other areas. The 41-story, 540,600-square-foot high-rise was built in 1973. HFF says it is almost fully leased, and tenants include State Farm Mutual, SVB Financial Group, AllState Insurance and Pitchbook. The HFF team was led by Michael Gigliotti and Michael Tepedino in New York, and locally based Tom Wilson. The loan came from HSBC.
Residential broker eXp Realty has hired Kimberly Ryan as executive director of eXp Realty University in Bellingham. She was with a brokerage in Scottsdale. Ryan will develop coaching, consulting and mentor programs for eXp Realty agents worldwide. Publicly traded eXp World Holdings has over 8,000 agents in 47 U.S. states and two Canadian provinces.
Following last month's $28 million sale of the 177-unit Village at Lake Meridian in Kent, CBRE announced that it has secured a $19.78 million loan for the new owner, The Jacobson Co. of Los Angeles. CBRE's Brian Eisendrath and Brandon Smith arranged the 10-year fixed rate, 5-year interest-only loan. The funding source was not specified. David Young and Corey Marx of JLL brokered the deal last month. The 1980 complex was sold by TruAmerica Multifamily.