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May 28, 2015

HFO on the move in Portland

Fehrenbacher

Vaz

Cross

Portland-based apartment brokerage HFO Investment Real Estate moved to a newly renovated office building at 2424 S.E. Division St. in Portland. In the last year, the company has doubled its staff to 19. HFO recently brought in brokers Tyson Cross and Cody Vaz, and promoted Lee Fehrenbacher to broker. HFO says it is the largest apartment brokerage in the Pacific Northwest. HFO was founded in 1999. In addition to brokerage services, the company holds events and releases market news and video programming.

Hunt joins Kilroy board

Jolie Hunt, founder of New York-based marketing and communications firm Hunt & Gather, has joined Kilroy Realty Corp.'s board of directors. Hunt has been a marketing executive at AOL and Thomson Reuters, and also worked at IBM and Financial Times. Los Angeles-based Kilroy has more than 13 million square feet of real estate in Seattle, San Francisco Bay Area, Los Angeles, Orange County and San Diego. Its biggest Seattle project is at 333 Dexter Ave. N., where it is proposing two 12-story office towers.

ULI Young Leaders event July 24-25

The Urban Land Institute's Young Leaders Group will hold the Cascadia Regional Conference here July 24 and 25 at Melrose Market Studios, 1532 Minor Ave. The event will focus on Seattle's rapid growth, and the challenges and opportunities that poses, with panel discussions, tours and social events. For more information, or to register, visit: goo.gl/vZzG20

May 21, 2015

Bartell Drugs turns 125 this year

Just before its 125th anniversary party, Bartell Drugs is opening its 63rd store, this one at 2518 196th St. S.W. in Lynnwood. Lance Mueller & Associates designed the store, and Abbott Construction is the general contractor. The anniversary celebration will be May 30 at the new Lynnwood store, which is Bartell's 15th in Snohomish County. The event is from 11 a.m. to 3 p.m. and includes free food, discounted or free health screens, live music and a cookout. The family-owned Seattle company was founded in 1890.

Baseler named First Citizen

Ted Baseler, president and CEO of Chateau Ste. Michelle Wine Estates, is the 77th Seattle-King County Realtors First Citizen. Baseler is being honored for his contributions to the wine industry, higher education, medical care for children, economic development and tourism. There will be a banquet to celebrate Baseler May 28 at Fairmont Olympic Hotel in Seattle. Speakers will include former Gov. Christine Gregoire, Seattle advertising executive Ron Elgin, Washington State University President Dr. Elson Floyd and Bob Betz, founder of Betz Family Winery.

May 14, 2015

NBS arranges apartment financing

Westlakes Apartments in Olympia has 181 units.

Mike Wood and Austin Johnson of NBS Financial Services arranged $19.4 million in financing for two apartment complexes: the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.

Funding was provided by Fannie Mae through NBS Financial's relationship with Walker & Dunlop. NBS Financial represented both borrower and lender.

NBS Financial is part of NAI Norris, Beggs & Simpson, a real estate company based in Portland.

Valeri Pate joins WSHFC

Pate

Washington State Housing Finance Commission hired Valeri Pate to lead its asset management and compliance division. She will oversee a team that monitors more than 900 affordable housing properties across the state. Pate worked at the commission from 2002 to 2006 managing its tax credit division. Since then she has worked at Enterprise Community Partners, Key Bank and Catholic Housing Services. The commission's staff of about 12 monitors more than 934 properties and 75,000 units, and inspects more than 250 properties annually.

Seminar on transportation June 5

Transportation issues and policy will be the focus of an all-day event June 5 at Hilton Seattle put on by The Seminar Group. There will be sessions on funding, long-term planning, land use and alternative forms of transportation. For more information or to register, visit: goo.gl/pgtovd

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