Sep 18, 2014
Jones Lang LaSalle added Joe Smurdon to the regional leadership team and hired Lloyd Low as a senior vice president on the agency leasing team. Smurdon will work out of the Seattle and Bellevue offices to expand the company's work in office, multifamily, capital markets, investment banking, development services and property management. Smurdon has more than 25 years of experience and last ran JLL's marketing and business development team for the Americas. Low will work with Stuart Williams and Joe Gowan to represent landlords, with a focus on downtown Seattle.
Houston-based Arvo Realty Advisors added Onpoint Real Estate Services of Seattle as an affiliate. Arvo said it wants to expand its reach in the Pacific Northwest. Jaebadiah S. Gardner, owner and managing partner, and Damon McGruder, owner and designated broker of Onpoint, will lead the Seattle operations. Arvo is a minority-owned firm that offers brokerage, consulting, research and valuation services to corporations, government entities, small business and investors. Arvo works on office, industrial, retail, multifamily, build-to-suit and land transactions.
The dwindling supply of buildable land is the topic of the Master Builders Association of King and Snohomish Counties' 2014 Housing Summit at 7:30 a.m. Sept. 23 at Meydenbauer Convention Center in Bellevue. Speakers include: David Crowe, chief economist and senior vice president of the National Association of Home Builders, Todd Britsch of New Home Trends and Nancy Bainbridge Rogers of Cairncross & Hempelmann. There will be a panel discussion with legislators and homebuilders. For information, or to register, visit: bit.ly/1r1xaMZ
John L. Scott Real Estate has agreed to acquire the Kitsap County offices of Reid Real Estate. Reid has more than 45 brokers in Silverdale, Bremerton and Port Orchard. Jerry Reid, who founded the company in 1967, is retiring. Offices in Port Orchard and Silverdale will be merged with John L. Scott offices there, and the Bremerton office will be re-branded as a John L. Scott office. The deal is expected to close later this month.
Sep 11, 2014
Mike Wood and Austin Johnson of NBS Financial Services secured $7.4 million in acquisition financing for Market Square, a building at 1415 Western Ave.
A limited liability company that shares a Seattle address with Stream Real Estate and is managed by Stream managing member Tim Cavanaugh bought the six-story, 44,100-square-foot office building last month for $12.4 million.
The seller was an entity related to Goodman Real Estate and a Texas company called 9520 Westminster Glen Avenue LLC.
The structure was built in 1908 and was recently renovated.
NBS Financial is the financing arm of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.
Seattle-based Redfin has expanded its home buying and selling services to Tucson. Sara Fischer leads the Tucson team as the local Redfin market manager. Fischer started her career as a real estate agent 19 years ago in San Diego. In Tucson Fischer will be responsible for building a team of local agents. Redfin says it was “founded and run by technologists,” and uses online and mobile tools to give customers up-to-date information about the for-sale market.
The Seminar Group is holding its third annual Easements in Washington conference Oct. 30 at the Washington State Convention Center. The all-day session will cover new types of easements being sought by government, special valuation issues, and how to protect clients and preserve property rights. Michael A. Nesteroff of Lane Powell and Kinnon W. Williams of Inslee Best Doezie & Ryder are the program co-chairs. For more information, or to register, visit: bit.ly/1pNclAM