Nov 08, 2018
San Francisco-based affordable housing developer Bridge Housing has added Kurt Creager to its Seattle team, as vice president. He makes the move from the Portland Housing Bureau. Bridge has developed 17,000 units in California and the Pacific Northwest, which it values at $3 billion. One example is the 474-unit Tressa, near Bitter Lake.
Weidner Apartment Homes of Kirkland has elevated Marie Virgilio to a new position it calls chief people officer. She's been with the firm for almost a decade. Its Jack O'Connor said in a statement, “Marie and her team have identified outstanding talent in the field.” Weidner now has over 260 properties and 52,250 units in its portfolio.
Tarragon announced the recent hiring of project engineer Tim Werfelmann and development associate Matt Farrell. Werfelmann will be on the multifamily team, while Farrell splits his duties between multifamily and industrial.
NAIOP's November breakfast will consider Gen Z, and how that demographic surge affects real estate. Speakers will include Microsoft's Jonah Sterling, BORA's Amy Donohue and Derek Lunde of Red Propeller. The breakfast will be at 7 a.m. Wednesday, Nov. 14 at the Four Seasons (98 Union St.). Details and registration: naiopwa.org.
Nov 01, 2018
Ravenna88 prices start at $695,880.
Intracorp will begin sales this Saturday at Ravenna88, which is under construction on the 3.6-acre former site of University Trailer Park. The first of 87 townhouses will be available in January. The sales center is at 2201 N.E. 88th St., just of Lake City Way, and opens at 11 a.m. Preregistration at Ravenna88.com is recommended. Homes will range from 1,410 to 1,784 square feet, with two to four bedrooms and attached garages. Prices start at $695,880. Intracorp's Christine Johnson said the area is close to shopping, dining and major employment centers. NK Architects designed the project. Intracorp acquired the site, once home to about 100 residents, last year for $9.7 million.
Panattoni Development Co. has hired industry veteran Len Psyk as senior development manager. He makes the move from MUFG Union Bank, and has prior stints at Opus and Microsoft, where he managed the North American real estate portfolio. Panattoni is busy with Des Moines Creek Business Park, where the fully leased Phase IV is for sale, and it's also selling the fully leased Tacoma Gateway. It recently bought land for Phase II of Northwest Logistics Center in DuPont for almost $22 million, and is about to break ground there. Panattoni has developed over 14 million square feet in the region, and has 4.6 million square feet under development.
Two spots are open on the International Special Review District Board, and the election is set for 11 a.m. to 6 p.m. on Tuesday, Nov. 20 at the Bush Asia Hotel, 409 Maynard Ave. S. Contending for the business slot No. 3 are Lizzy Baskerville from Danny Woo Community Garden, ID property owner Tim Lee and Jody Olney of the Seattle Indian Services Commission. Running for at-large position No. 5 are: Matthew Chan, Kim Demarest, current board member Tiernan Martin, and Andy Yip.
Seattle Housing Authority received a 2018 Award of Excellence in Administrative Innovation for its Specialized Maintenance & Repair Training program (SMART). The award is from the National Association of Housing and Redevelopment Officials. NAHRO also granted SHA awards of merit for customer service and lean public housing inspections programs. SHA has about 8,000 units at nearly 400 sites around the city, and serves about 34,000 people. Its Yesler Terrace site is being redeveloped in phases with various private partners, with about 600 new/replacement units, and another 2,000 in the pipeline.
Kirkland-based Vector Development Co. announced it will build the 78,000-square-foot Tacoma I-5 Distribution Center at 2519 S. 96th St. SynThesis Architects designed it, Pennon Construction will build it, and Kidder Mathews' Doug Klein and Laura Fox will market the space. Construction should begin in March 2019 and be finished by September. Vector's Tyler Litzenberger said in a statement, “We are interested in additional development projects and build-to-suit opportunities throughout Western Washington.” Vector is also planning projects in Covington and Tacoma that should break ground next year.