May 26, 2016
Seattle City Council this week approved the appointments of Dr. Paula Houston and David Moseley to Seattle Housing Authority's Board of Commissioners. Houston is CEO of Sound Generations, a Seattle-based organization that provides care and resources for seniors. Moseley is semi-retired and served as assistant secretary in Washington State Department of Transportation's Ferries Division. SHA's board is responsible for policies, approving the budget and hiring the executive director. Board members are nominated by the mayor and confirmed by the council.
A 31,031-square-foot office building at 12040 115th Ave. N.E. in Kirkland sold for $4.85 million. The buyer, Corica Properties LLC, will open Goddard School on the second floor. Goddard School is an early childhood education provider for kids between six weeks and six years old. The first floor is leased, with the exception of a 3,600-square-foot space. Bob Swain and Chris O'Connor of NAI Puget Sound Properties represented the buyer.
French patisserie St. Honore Bakery will open a 2,000-square-foot bakery and cafe in the historic Morgan Building at 720 S.W. Washington St. in downtown Portland. Urban Renaissance Group manages the building for Great Point Investors of Boston. URG said it worked on making the building the first historic office property in downtown Portland to earn LEED silver designation. St. Honore has three locations in Portland and the suburb of Lake Oswego.
May 19, 2016
Tacoma South Shopping Center
Colliers International retail team led by Paul and Billy Sleeth recently arranged more than $100 million in retail sales. Retail Properties of America bought a 230,657-square-foot shopping center called Tacoma South Shopping Center in Tacoma from Sterling Realty Organization for $39.4 million. Merlone Geier Partners purchased Alderwood Plaza Shopping Center, a 175,387-square-foot property in Lynnwood, from Barclays Realty & Management Co. for $40.5 million. Da Li Properties bought La Plaza Midway Shopping Center, a 75,830-square-foot property in Kent, from Tourmaline Capital for $19.2 million.
The Seminar Group will hold a meeting called Transportation Strategies in Washington Aug. 18 at Hilton Seattle, 1301 Sixth Ave. The event will look at the future of transportation in the region, and there will be overviews of Sound Transit 3, federal highway policies, issues of levy implementation and the relationship between transit and housing. For more information, or to register, visit: goo.gl/Af7DP8
An entity managed by George Webb and Anna Deliganis, both of Seattle-based The Stratford Co., paid $2.95 million for Brentwood Apartments, 4811 S. 252nd Pl. in Kent. The property was built in 1966, and it has 34 units. The buyer plans to renovate the property. Greg Wendelken, Ryan Kidwell, and Robert Parmar of Summerfield Commercial Real Estate Services represented the buyer and seller.