Jul 24, 2014
Spokane-based Red Lion Hotels hired three people to help the company grow nationally. David Attardi is regional vice president of lodging development in Washington, D.C. Attardi will focus on finding new franchise opportunities. He was vice president of B.F. Saul Co. Hospitality Group. Angela Rowe will manage franchise sales development from Houston, and will be a liaison to industry trade associations. Sarah Frank will be director of brand marketing. Frank has more than seven years of experience. Red Lion owns, manages or franchises 53 U.S. hotels.
Jeff Henderson and Zack Goodwin of NBS Financial Services arranged $29.5 million in permanent financing for Fourth & Pike Building, a 10-story 132,000-square-foot building.
Mayfield Cos. of Palo Alto, California, paid $25.2 million in 2008 for the property and renovated it.
Occupancy is now 95 percent.
NBS Financial represented Mayfield and the lender, Redwood Commercial Mortgage Corp. NBS Financial Services is the financing arm of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.
Northwest Environmental Business Council, NAIOP and Washington State Department of Ecology will hold an all-day conference on ways to clean up and redevelop contaminated land Oct. 2 at DoubleTree Seattle Airport Hotel in Tukwila. Developers, property owners, clean-up professionals, regulators and municipalities will gather to talk about development issues, role of the public sector and technology. For more information, or to register, visit: bit.ly/1ng9owc
Berkshire Hathaway HomeServices added Prudential Now Realty in the Tri-Cities to its network. Prudential Now will be renamed Berkshire Hathaway HomeServices Tri-Cities Real Estate. It has operated in Kennewick, Pasco and Richland for more than 35 years. Warren Buffett owns Berkshire Hathaway HomeServices.
Jul 17, 2014
Carriages at Fairwood Downs
CBRE Capital Markets represented Berkshire Property Advisors in a $229 million sale of three apartment complexes with 1,514 units in Washington and Colorado to TruAmerica Multifamily. The sale includes Carriages at Fairwood Downs, a 400-unit complex in Renton that TruAmerica bought for $61.8 million in June.
Kevin Geiger and Malcolm McComb of CBRE Capital Markets represented Berkshire. Dan Woodward, David Potarf and Matt Barnett of CBRE's Denver office assisted in the Colorado transactions. Jon Hallgrimson, Eli Hanacek and Frank Bosl of CBRE's Seattle office worked on the Renton transaction. Brian Eisendrath of CBRE's Los Angeles office arranged $168 million in financing for TruAmerica.
TruAmerica is a joint venture between Robert E. Hart, former president of Kennedy Wilson Multifamily Management Group, and The Guardian Life Insurance Co. of America. It plans to spend up to $30 million renovating the apartments, which were built in the 1970s and 1980s.
Commercial Real Estate Women Seattle & Sound is gearing up for its second CREW leadership series. There will be eight monthly sessions between September and April, focusing on topics such as communications, networking, making a pitch, management versus leadership, teambuilding and developing a brand. Registration deadline is July 31. For more information, or to register, visit: bit.ly/1jPXvO8
KBS Strategic Opportunity REIT said it has signed several tenants for about 18,500 square feet in the Plaza Buildings, a complex in downtown Bellevue with 490,000 square feet in two buildings. Trevor Youngren of Cushman & Wakefield represented Pointmarc in a 10,736-square-foot lease; Justin Johnson of CBRE represented Applause in a 3,215-square-foot lease and Tailored Mail in a 2,261-square-foot lease; and Bob Hentges of Advisors NW represented Alten in a 2,226-square-foot lease. Tim Owens, Scotta Ashcraft and Tom Bohman of CBRE represented KBS. The Newport Beach, California, firm bought the Plaza Buildings this year for $186.5 million.