Oct 01, 2015
Marcus & Millichap added Brian Mayer as an associate director of its National Retail Group. Mayer will be based in the firm's Seattle office, and he will focus on sales of retail real estate in the Puget Sound region. Mayer last worked at Ewing & Clark where he arranged more than 100 sales and leases in five years. He worked with clients including New York Life Insurance Co., Mack Urban, Kauri Investments, Clise Properties, Holland Partner Group, SRM Development, Aimco, Point32. Marcus & Millichap said it closed more than 7,600 transactions valued at approximately $33.1 billion in 2014.
Equity Residential said it has completed two retail leases at Junction 47, a 206-unit apartment complex at 4706 California Ave. S.W. in West Seattle that opened in June. Bishops Barbershop is taking 2,084 square feet in the complex, and Kukai Ramen has leased 2,715 square feet. The two stores will open next year. In June, Equity Residential announced that early next year a new location of The Lodge Sports Grille will open in a 4,200-square-foot space at Junction 47. Jason Miller and Damian Sevilla of Colliers International represented Equity Residential in the Bishops and Kukai leases. The apartments are about 50 percent leased. Weber Thompson designed the building, and Andersen Construction was the general contractor.
HFF said it arranged approximately $8 million in refinancing for Snoqualmie Ridge, a two-story, 76,661-square-foot office building in Snoqualmie. Tim Wright and Zack Holderman of HFF represented the borrower, Nexus Snoqualmie LLC. The building sits on approximately four acres within the Snoqualmie Ridge Business Park along Interstate 90. It was built in 2001 and is 94.8 percent leased.
Sep 24, 2015
Spokane-based Red Lion Hotels Corp. will open its first New York City hotel early next year after signing a franchise license agreement with an affiliate of Three Wall Capital to convert a 104-room hotel in the Park Slope area of Brooklyn to a Red Lion Inn & Suites. The hotel will continue to be managed by Boast Hotel Management Co. It was built in 2007. Red Lion will update guest rooms, public spaces and technology. Red Lion was founded in 1959 and has 130 hotels.
The Seminar Group will hold an all-day meeting Oct. 28 at Mayflower Park Hotel on permitting strategies for large controversial projects in the Pacific Northwest. It will cover port projects, fuel terminals, climate change considerations and legal requirements. For more information, or to register, visit: goo.gl/eGB67x
The Washington Chapter of NAIOP's Developing Leaders Committee will hold an Oktoberfest networking event Oct. 15 with beer, bocce ball and brats. The event begins at 4:30 p.m. at Rhein Haus Seattle, 912 12th Ave. The event is open to all NAIOP members and supporters. For more information, or to register, visit: goo.gl/VM4XNp
Sep 17, 2015
Spokane-based Red Lion Hotels won a top award from the Web Marketing Association at WebAwards 2015. Red Lion's website earned a perfect score in seven categories. HeBS Digital of New York designed redlion.com. The site also was named the top hotel/resort site in the 2015 Interactive Media Awards. Red Lion was founded in 1959 and has 130 U.S. hotels.
Retail is the topic of two October breakfast meetings in Tacoma organized by the Washington chapter of NAIOP. The first meeting is Oct. 1 on finding the right sites, and starts at 7:45 a.m. at Pacific Grill Event Center, 1530 Pacific Ave. Lisa Hill-McCay, vice president at Buxton, will talk about using analytics for site selection. The second event is Oct. 30 with a panel discussion about the state of retail real estate starting at 7:15 a.m. at Pacific Grill Event Center. The panel led by representatives from First Western Properties will talk about how tenants are evolving, and who is moving in and out of the market and why. For more information about both events, or to register, visit: goo.gl/4KMi2a