Aug 10, 2017

WeWork confirms Selig deal

It's no secret that WeWork and WeLive are leasing all of Martin Selig Real Estate's planned Third & Lenora tower at 2031 Third Ave. in Belltown, but the two New York companies have now confirmed it with a press release. WeWork already has four shared-office locations in the area. The newest opened at Lincoln Square in April. The 36-story tower should break ground soon and open by spring 2020, with 176,500 square feet of office space, 13 hotel rooms, 352 apartments and 5,477 square feet of ground-floor retail. Underground parking will hold 221 vehicles.

Shake Shack coming to SLU

Hungry Amazon workers will have to wait until next summer to graze at the wildly popular Shake Shack. On Twitter, the company announced its first Seattle location at 2115 Westlake Ave., where Wheelhouse Coffee currently occupies a triangular, one-story building. Shake Shack CEO Randy Garutti said Seattle “has held a special place in my heart” ever since he was general manager of Canlis. No design/build team has been announced, and no plans have been filed with the city. Restauranteur Danny Meyer founded the New York-based chain as a food cart in 2004.

Patagonia hemp boutique for Ballard

Close on the heels of Filson's boutique in Old Ballard, Patagonia is preparing to open a small, satellite store at 5443 Ballard Ave. N.W. Patagonia's main store downtown will remain open and unaffected. The shop will help launch the Workwear line of Iron Forge Hemp canvas, “a new blend of industrial hemp, recycled polyester and organic cotton that is more durable, abrasion resistant and comfortable off the rack than conventional cotton duck canvas,” according to the company. It will also carry Patagonia Provisions food products and dry goods.

CBA exec earns CAE designation

The Commercial Brokers Association said Sydney Isaac has been granted the Certified Association Executive designation from the American Society of Association Executives. Isaac is also associated with the Kirkland-based Institute of Real Estate Management (or IREM).

Aug 03, 2017

OpenSquare takes Duwamish space

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Westcore Properties said that it has leased a refurbished warehouse at 303 River St., on the Duwamish Waterway, to workplace solutions company OpenSquare. Terms for the five-year lease weren't disclosed. The facility has 75,048 square feet, 25-foot clear heights, office areas, a loading dock and slab upgrades. Westcore was represented by Mike Roy and Kevin Skillestad of Neil Walter Co. Kidder Matthews' Matt Wood and Patricia Loveall represented OpenSquare.

Stearns Lending expands local team

Lyons

Santa Ana-based Stearns Lending added Kade Lyons to its local retail mortgage-lending team. Lyons was with Wells Fargo Home Mortgage in Spokane, and will serve clients in Washington, Idaho and Oregon.

Krippaehne joins C&W

Krippaehne

Cushman & Wakefield Commerce named William W. Krippaehne Jr. as an executive director. He has more than 35 years of experience in senior strategic and operating roles, including as president and CEO of Fisher Properties in Seattle. Krippaehne started his career with The Gilley Co. in Portland and managed that firm's Seattle branch before it was purchased by Cushman & Wakefield. In 2006, he established North Pacific Realty Advisors.

CBRE to manage 2 Denny Triangle buildings

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CBRE said it will manage two Denny Triangle properties on the same block — 1918 Eighth Ave. and 818 Stewart St. They have a combined 977,450 square feet and are owned by institutional investors advised by J.P. Morgan Asset Management. Tenants include Amazon, Boston Consulting Group and DCI Engineers. CBRE said its asset services team now manages over 40 million square feet in the Seattle market.

Legacy adds property and staff

Daniel

Legacy Partners will manage the 280-unit Stonemeadow Farms apartments in Bothell on behalf of owner AEW Capital Management. The complex was developed by Archstone in 1998, and improvements are planned. Legacy has hired Heidi Daniel to the property management team. She was with Holland Partner Group's Denver office. San Francisco-based Legacy now manages 1,916 units in nine communities in the Pacific Northwest.

(Editor’s note: The story has been changed to correct the name of the owner.)