Jun 12, 2014

Cogo Capital hires 4 in Spokane

Cogo Capital is a private money lender based in Coeur d'Alene, Idaho, that works with investors to finance property. It recently hired four people in its Spokane office. Carla Johnson will be a loan processor, Greg Gordon and Jeff Spitzer will be loan officers, and Yvette Meyer will manage the office. Johnson has 20 years of experience at Bank of America, GMAC Mortgage and Wells Fargo. Gordon has more than 30 years of experience with financial services and credit companies. Spitzer started as a general contractor before getting into financial services and mortgage lending. Meyers has more than 18 years in the lending industry.

NorthMarq helps finance senior housing

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Stuart Oswald of Northmarq Capital's Seattle office arranged $14.45 million for Quail Park at Crystal Terrace, a senior housing project in Klamath Falls, Oregon.

The three-story complex has 67 units and 20 cottages. A portion of the loan will be used to add a 24-unit, 36-bed memory care facility nearby.

NorthMarq says it is the largest private commercial real estate financial intermediary in the U.S., with more than $10 billion in financing secured annually and a loan portfolio of more than $42 billion.

NAIOP panel on Seattle vs. Bellevue

A panel will explore the differences between office markets in Seattle and Bellevue at a NAIOP breakfast meeting at 8 a.m. June 18 at the Seattle Sheraton. The moderator will be CBRE Senior Managing Director Jim Bowles. The panelists will look at what is planned or under construction in both downtowns, and what effects each city's top tenant — Amazon.com in Seattle and Microsoft in Bellevue — have on the markets. Panelists are Paul Sweeney of Broderick Group, Chris Hughes of Jones Lang LaSalle, Jesse Ottele of CBRE and Brian Hayden of Flinn Ferguson. For more information, or to register, visit: http://bit.ly/UsF7iZ

Jun 05, 2014

Dermody hires Phillip Wood

Wood

Reno, Nevada-based industrial developer Dermody Properties hired Phillip Wood as a partner in the Northwest office. Wood will manage development, acquisitions, build-to-suits and other projects. He has more than 30 years of experience, most recently at Jones Lang LaSalle and Trammell Crow Co. Dermody Properties has offices in Seattle, Chicago, Philadelphia and Phoenix, and has developed and leased out more than 40 million square feet of space over 50 years.

Realtors name Norm Rice First Citizen

Former Seattle Mayor Norman Rice is Seattle-King County Realtors' First Citizen. There will be a June 11 banquet to honor Rice, who is retiring as president and CEO of The Seattle Foundation. Rice served as mayor from 1990 to 1997, and is the 76th recipient of the award, which honors community involvement, volunteerism and philanthropy.

TeamBuilder KW hires Dennis Folk

Folk

TeamBuilder KW, a Kirkland-based affiliate of Keller Williams Realty, added Dennis Folk as a managing director in charge of south King, Pierce and Thurston counties. Folk was vice president of sales with Compass Team Northwest, a Puyallup real estate company. TeamBuilder provides sales and marketing services to Northwest builders and developers.

Terry Wilson joins Kidder Mathews

Kidder Mathews hired Terry Wilson in its Olympia office. Wilson last worked with Green Real Estate Group. Kidder Mathews has 450 employees in nine offices in Washington, Oregon and California. The firm said it does $2.9 billion in transactions, manages 29 million square feet of space, and conducts 1,300 appraisals annually.

June 12 CREW meeting on WSCC expansion

Washington State Convention Center President and CEO Jeff Blosser will talk about the convention center's expansion plans at a Commercial Real Estate Women Seattle and Sound luncheon at 11:30 a.m. June 12 in the Washington Athletic Club. Blosser will talk about what is driving the expansion, funding, and plans for hiring an architect and general contractor. For more information, or to register, visit: http://bit.ly/1x4RuAd

ULI panel looks at crowdfunding June 11

A panel discussion on “Creative Financing: Alternative Financial Mechanics for Vertical Development” will be held from 4:30 to 6:30 p.m. at the GGLO Space at Harbor Steps, 1301 First Ave. The panelists will look at non-traditional funding sources and how banks are responding. They will share experiences with different approaches such as crowdfunding and community-based co-ops. The moderator will be John Bliss of Urban Renaissance Group. Panelists will be Katlin Jackson from the crowdfunding company Fundrise; Mark Knoll from Blueprint Capital, which is a residential construction lender for smaller urban projects; and Joan Broughton from Craft3, a nonprofit lender that specializes in non-traditional approaches. The cost is $25 for ULI members and $35 for non-members and includes refreshments. Register online at Northwest.uli.org or by phone at (800) 321-5011.