Jun 19, 2014

Red Lion Hotels names 2 VPs

Castro

Lovas

Red Lion Hotels has named Phil Lovas and Mike Castro as regional vice presidents of lodging development to support the franchise team as the company expands nationwide. Lovas has more than a decade of experience, most recently for InterContinental Hotels Group where he was regional director of franchise development. He also worked for Cendant Corp. on development and conversion projects in the Mountain West. Castro has been with Red Lion since 2010, most recently as vice president of brand services. He also worked for Sage Hospitality, CSM and Hilton Hotels. Red Lion has 53 hotels.

Fischer returns to The Hotel Group

Fischer

Edmonds-based The Hotel Group hired Jake Fischer as vice president of development. He will focus on buying, developing and managing property in eastern states. Fischer worked at The Hotel Group before and most recently worked for MIG Real Estate finding hotel acquisition and development opportunities and managing properties. The Hotel Group owns more than 30 properties in 10 states.

Anderson Place finalist for award

Low Income Housing Institute's Ernestine Anderson Place at 2010 S. Jackson St. is a finalist for a Readers' Choice award from Affordable Housing Finance Magazine in the senior housing category. The building has 60 units for seniors with incomes at 50 percent or below the area median. Sound Mental Health provides supportive services on site, and Operation Nightwatch is the community partner. Runberg Architecture Group was the architect and Walsh Construction Co. was the general contractor. Other team members: KPFF, Quantum Consulting Engineers, PanGeo, Rushing Co., Otto Rosenau and Associates, JGL Acoustics, Trinity ERD, Glenn Takagi Landscape Architect, NAC|Architecture and Koryn Rolstad Studios.

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