Jan 12, 2012

Jones Lang LaSalle

Patricia K. Raicht is Jones Lang LaSalle's new vice president and director of research for Seattle and Portland. She'll be based in Portland. She was with Grubb & Ellis where she directed market research, and handled business development and marketing.

CBRE

CBRE and its clients won five Toby awards from the local chapter of the Building Owners and Managers Association. The winning buildings are Woodlands Technology Campus in Bothell, 2201 Westlake, Dexter Horton, Roosevelt Commons and Alley 24. BOMA evaluates entries based on tenant retention, energy management and community involvement.

Enso and Matrix Real Estate

Five years after construction began, all 134 condos in Vulcan Real Estate's Enso in South Lake Union have been sold. Matrix Real Estate of Seattle took over the sales campaign in 2009 as the housing market was spiraling downward. Matrix's Leslie Williams said the team re-priced the units. Before starting sales to the general public, they worked with presale buyers to show them that the developer wasn't going to unload remaining units at auction. Enso is part of 2201 Westlake, which includes office and retail.

Spokane Housing Ventures

Julie Van Wormer of ALSC Architects was elected to the board of directors for Spokane Housing Ventures, a private, nonprofit that provides affordable housing in Spokane and Lincoln counties. SHV owns and operates 17 communities with 630 units, and has nearly 200 new units in development.

Seminar on foreign trade zones

Manufacturers and distributors in King County can defer and possibly eliminate customs duties through the Port of Seattle's foreign trade zone program. How to use this and other federal programs will be covered at three-hour seminar Jan. 19 at ShoWare Center in Kent, starting at 7:30 a.m. The seminar lasts three hours. The benefits can be applied to existing buildings and greenfield sites in the county. Register through NAIOP at http://tiny.cc/unuwc.

NAIOP's South Sound forecast

NAIOP will give its annual South Sound Economic Forecast at 11:30 a.m. Jan. 24 at the Tacoma Convention Center. Lynn Michaelis of Strategic Economic Analysis and Arun Raha, Washington state's chief economist, are the speakers. Register at http://tiny.cc/g0m9n.

Succession planning for family landowners

Washington State University Extension is offering the daylong succession planning workshop called Ties to the Land at 9 a.m. Feb. 4 in the Olympic National Forest Headquarters at 1835 Black Lake Blvd. S.W. in Olympia. The workshop covers the legal and economic aspects of transferring a farm, forest or ranch from one generation to the next. Enrollment is limited to 30 families. For information, contact Andy Perleberg at (509) 667-6540 or andyp@wsu.edu.

Jan 05, 2012

Love Funding

Love Funding said it closed a $14 million refinancing for the Packard Building, a former Seattle car dealership on Capitol Hill that was converted to a 60-unit apartment complex. Peter Wessel of Love's Denver office secured the 35-year, non-recourse loan through a U.S. Department of Housing and Urban Development program. The Packard is owned by a limited liability company led by Dan Ederer of Seattle, which tried unsuccessfully to tap private sources for refinancing after completing the rehab. The project initially included 56 apartments, five office units and four retail spaces. Four of the office spaces were converted to apartments. Wessel worked with HUD to waive a rule against long-term FHA financing for properties less than 3 years old.

Emeritus

Emeritus, a Seattle-based provider of senior living services, appointed Mark A. Finkelstein as executive vice president, corporate development and general counsel. He was CEO at Novellus Capital Management LLC, and practiced law at the Seattle firm of Graham & Dunn. Emeritus operates 478 communities in 44 states.

Gardner to address economists

Seattle economist Matthew Gardner will speak about the commercial real estate industry at Wednesday's 11:30 a.m. lunch meeting of the Seattle Economics Council at Ivar's Acres of Clams, 1001 Alaskan Way. Register at http://tiny.cc/g6cm3.

NAIOP meeting on retail

Robert Gibbs of Gibbs Planning Group and Maria Royer of Real Retail will discuss the local retail market at NAIOP's 7:30 a.m. Jan. 18 meeting at the Sheraton Seattle, 1400 Sixth Ave. Register at http://tiny.cc/qhxwd.