Nov 15, 2012

Keller Williams

Shugarts

Maglalang

Jones

McGraw

Chang

Keller Williams' Bellevue office hired six new agents last month. Tina Chang came from RSVP Real Estate, and Sheila McGraw was previously at John L. Scott Real Estate. Elizabeth Jones, Cynthia Kennebeck, Andrew Maglalang and Mayumi Shugarts are all beginning their real estate careers with Keller Williams.

Capital Review Group

Charles “Chuck” Duncan has been promoted to regional director of the Northwest office of Phoenix-based Capital Review Group. Duncan joined the Northwest office of the tax and energy consulting firm in 2011, and was responsible for regional business development. Duncan studied construction theory and management in the engineering department at Washington State University. Capital Review Group provides consulting services related to green tax incentives, energy tax deductions, IRS compliance regulations and other energy strategies.

Capitol Hill Housing

Capitol Hill Housing has moved to the Vance Building at Third and Union downtown. The nonprofit will stay in this location until 2014 when it will move in the 12th Avenue Arts complex at 1620 12th Ave. on Capitol Hill. CHH was founded in 1976 and provides affordable housing and works on community development efforts.

Newmark Capital

Newmark Realty Capital said it helped Vulcan Real Estate secure $75 million for Stack House Apartments and restoration of the Supply Laundry Building. The complex will have 278 apartments, 35,000 square feet of commercial space and underground parking on a full block in South Lake Union. The team is targeting LEED platinum. Michael Taylor and Patrick Taylor of Newmark's Seattle office arranged the financing through State Farm Life Insurance Co.

CBRE

CBRE Capital Markets Dallas Debt and Equity Finance Group secured financing for a $35 million acquisition loan for an affiliate of Goldman Sachs Group and East Rock Capital LLC for Fulton's Crossing, a 504-unit apartment building in Everett. Executive Vice President Mike Bryant and Jon Wooton of CBRE's Dallas office negotiated the financing. The five-year loan was under the Freddie Mac Capped ARM program. Fulton's Crossing has 27 two- and three-story buildings, a leasing center/clubhouse and a gym.

Nov 08, 2012

CBRE, Martin Selig Real Estate

CBRE has partnered with Martin Selig Real Estate on leasing 635/645 Elliott Avenue West, a LEED gold, two-building, 342,000-square-foot office complex at the base of Queen Anne. Selig's Mike Brixner and Theresa Howard will continue their leasing work, joined by CBRE's Tim O'Keefe, Jesse Ottele, Cavan O'Keefe and Nick Carkonen. The team will focus on marketing the balance of 645 Elliott and presenting 635 Elliott. The buildings were completed in 2010.

Dow Hotels

The Dow Hotel Co., a Seattle firm that owns, manages and invests in hotels, promoted Michael McGuigan to general manager of the DoubleTree by Hilton O'Hare Rosemont in Illinois. He will manage the 369-room hotel and provide support to the Embassy Suites Rosemont. He was general manager of the Chicago Marriott Suites Deerfield.

Blueprint Capital

Blueprint Capital, a residential construction lender in Seattle, reported its 10th consecutive quarterly profit. For the third quarter ended Sept. 30, earnings increased 47 percent to $951,358 compared to $647,827 in the third quarter a year ago. Year-to-date earnings were $2.8 million compared to $1.5 million in the like period a year ago. Earnings were driven by growth in one- to four-family construction loans, according to Mark Knoll, co-founder and CEO. The firm focuses on small-scale urban development, and also helps with finding new projects and marketing. In the third quarter it funded 49 loans for a total commitment of $35.8 million.

Port of Kalama

Wine bottle manufacturer Bennu Glass LLC leased another 20,000 square feet of warehouse space at the Kalama River Industrial Park for storage and distribution of wine bottles. The company acquired assets previously owned by Cameron Family Glass Packaging and started bottle production there earlier this year. The Port of Kalama is in southwest Washington on the Columbia.

Keller Williams

Keller Williams said Alex Jobe and Glover Weiss have formed the Jobe Lifestyle Real Estate Group at Keller Williams Kirkland Market Center. Jobe was previously with John L. Scott Real Estate focusing on luxury real estate. He has a team of five, including his wife, Mary Jobe, that specializes in luxury and waterfront property as well as land. Weiss is assistant team leader of the land development division of the new group, focusing on residential land in Bellevue and throughout the Eastside. Weiss also worked for John L. Scott Real Estate.

Jones Lang LaSalle

Jones Lang LaSalle Capital Markets said it secured $103 million in senior financing for two multifamily properties in Renton on behalf of Fairfield Residential Apartments. Prudential Life Insurance provided seven-year, fixed-rate loans on The Reserve and The Sanctuary, which total 880 units. The five-story properties are in The Landing, on 7.83 acres. They were built in 2009 and 2010.

Seabrook

Seabrook is offering the Tour Of Homes on Saturday, Nov. 17. People can see oceanfront and in-town beach cottages. Information is at (360) 276-0099 or http://www.SeabrookWA.com .

NBS Financial Services

NBS Financial Services Principal Mike Wood and Associate Finance Officer Andrew Patterson have arranged $9 million for Pioneer Village Shopping Center in Orting, about 40 miles south of Seattle. The 82,130-square-foot Pioneer Village Shopping Center was built in 2000. It is anchored by Safeway and is 92 percent occupied.