Mar 30, 2017
Oyhut Bay, a new walkable beach community being built in Ocean Shores, has announced a new management team. Patrick Brunstad of Ocean Shores will lead the overall project management and serve as spokesman. Founders Stavros and Colleen Anasasiou will retain their ownership share but will focus on other projects. The master-planned community near the 683-acre Oyhut Wildlife Recreation Area will have cottages to rent or buy, condos and retail. Waterfront access will be on canals and lakes that feed into the bay. Jeff Foushee represents the Oyhut Bay ownership and development team. The team announced that the Oyhut Bay Bistro and Sidewalk Cafe will open soon, followed by a coffee and gift shop. A second retail building is under construction and a new dock will open this summer.
Skanska said sushi restaurant Minamoto will open this spring at Alley 111 in downtown Bellevue. The eatery will take 3,144 square feet. Minamoto is the creation of chef Dylan Xu, whose local team includes sushi chef Grant Lin and general manager Issac Zhang. The three collaborated on Xu's Iki Modern Japanese Cuisine in New York. Lin said, “We're excited to team up again to introduce our first West Coast restaurant in Bellevue at Alley 111. Our years of experience working together and our vision for high-end, Japanese food will create a one-of-a-kind experience.” Alley 111 opened in 2015. Skanska says the 12-story, 260-unit apartment building is 97 percent leased.
The dates have been set for Urban Land Institute's spring meeting at Washington State Convention Center: May 2-4. The midweek gathering includes tours, panels, forums and speakers. There will be a pre-meeting railroad junket to Portland (May 1), as well as tours of the Seattle waterfront, Bellevue (including Microsoft and the Spring District), and South Lake Union. Social events will include a Capitol Hill bash hosted by restaurateur Matt Dillon at Optimism Brewing Co. and a Pioneer Square pub crawl/art walk during the regular First Thursday art walk. Details and registration: spring.uli.org.
Not everyone wants to live in a SLU apartment, so Summit Homes of Washington has partnered with San Diego's Presidio Residential Capital to create two new single-family communities. In Sammamish near Beaver Lake, Ivy Estates will have 10 Craftsman-style homes ranging in size from 2,300 to 3,400 square feet. And in Woodinville, Autumn Grove offers 13 homes with three-car garages and up to six bedrooms. Summit and Presidio have previously developed 11 residential projects in the Puget Sound area. Summit has developed 3,000 homes in 20 years and Presidio has $2.5 billion in assets under management.
Mar 23, 2017
Kidder Mathews, the largest independent commercial real estate firm on the West Coast, announced its expansion into Los Angeles. The new office brings KM's office count to over 20 in Washington, Oregon, California, Nevada and Arizona. The firm's headcount is now over 650.
BECU credit union will open two branches this year: in Everett at 132nd Street Southeast and Seattle Hill Road, serving an estimated 165,000 members in Mill Creek, Everett and Snohomish; and in Wallingford at North 43rd Street and Stone Way North. By year's end, BECU says it will have eight locations serving Seattle. BECU has 45 locations statewide.
Two events are on the spring schedule for Commercial Real Estate Women Seattle and Sound. A Dine Around meetup is set for Barolo Ristorante (1940 Westlake Ave.) at 6 p.m. Wednesday, March 30. CREW President Susan Stead will attend the networking event. CREW's April luncheon will be at Motif (1415 Fifth Ave.) at 11:30 a.m. Thursday, April 13. The topic is S, Urban Visions' seven-acre campus east of SoDo that Greg Smith is planning. Smith and Urban Visions colleague Salone Habibuddin will speak at the luncheon, along with Sevara Khabibullaeva of NBBJ. Registration and details for both events: crewss.memberclicks.net.
Mar 16, 2017
Tim Hamann has been hired as a senior development manager for Tarragon. Previously director of construction at Kimco Realty, his future projects will include the 150,000-square-foot expansion of Sunrise Village retail complex in Puyallup. That property currently has 350,000 square feet.
Hamann has a certificate of commercial real estate development from the University of Washington.
The nonprofit housing developer Capitol Hill Housing, whose current projects include Liberty Bank Building, has announced its annual Top of the Town fundraiser will be Thursday, April 27 at the Sorrento Hotel. The speaker will be BRIDGE Housing CEO Cynthia Parker. She was the city's director of housing. For tickets and info, visit capitolhillhousing.org.
Skanska is doing demolition for the 38-story 2+U tower at 1201 Second Ave., which is expected to open in 2019. The law firm Perkins Coie said it represented the Samis Foundation on the 99-year ground lease for the site. The Perkins team was led by attorneys Heidi Beck and Katherine Wax.
The topic of the March 22 breakfast meeting of the local chapter of Urban Land Institute is “Developers Assemble! ST3 & Beyond.” Voters approved the $54 billion Sound Transit 3 measure last fall. Speakers will be Sound Transit CEO Peter Rogoff and planner Ric Ilgenfritz, Wright Runstad's Greg Johnson, and Barrientos + Ryan's Kristin Neil Ryan. The moderator will be Cairncross & Hempelmann's John Hempelmann. It starts at 7:30 a.m. at W Seattle Hotel, 1112 Fourth Ave. Details and registration: northwest.uli.org.
Jim Burnett and Chris Seaver have opened a new business called Caring Transitions of North Puget Sound. Caring Transitions is a national franchise specializing in helping seniors move and downsize, and handling estate liquidations. The company has 200 branches in the U.S. Burnett and Seaver will serve Everett and greater Snohomish County. Services will include organizing, packing, moving, liquidations and preparing homes for sale.