Jul 31, 2014

Tetherow Lodges opens in Bend

Tetherow Lodges

A new hotel called Tetherow Lodges has opened at the 700-acre Tetherow Resort in Bend, Oregon, with 50 rooms as large as 550 square feet. Rooms have fireplaces, WiFi and other features. The resort centers around Tetherow Golf Course, which was designed by the architect of Bandon Dunes David McLay Kidd. There are also sites for single-family houses and townhouses. An “adventure concierge” will advise guests on outdoor activities and Bend hotspots. Bend-based Darren Thomas Architecture + Planning designed Tetherow Lodges. Kirsti Wolfe Designs of Bend did the interiors and Sunwest Builders of Redmond, Oregon, was the general contractor.

Lottis joins Wesley Homes

Lottis

Wesley Homes of Des Moines hired Jennifer Lottis as senior director of community and campus relations. Lottis will be responsible for occupancy at the 45-acre Des Moines senior housing campus, which includes assisted-living buildings and independent apartments. Wesley Homes was established in 1944 and is affiliated with the Pacific Northwest Conference of the United Methodist Church. The company has another senior housing complex in Auburn, and provides home care to clients.

$36M for Wells Fargo Plaza

San Francisco-based Newmark Realty Capital arranged $36 million in financing for Unico Properties' Wells Fargo Plaza in Tacoma. Michael Taylor, a principal in the Seattle office, led the financing team. The 25-story, 308,000-square-foot office building is 98 percent leased. Wells Fargo anchors the building, and other tenants are law firms Gordon Thomas Honeywell and Eisenhower Carlson, as well as Merrill Lynch and Propel Insurance. The loan will replace previous financing from 2004 that is maturing. Newmark has offices in Seattle, San Francisco, Los Angeles, Phoenix and Las Vegas and has done more than 900 loans worth $7.5 billion.

Davis Property buys Kent building

Davis Property & Investment said it bought a 32,784-square-foot industrial building in Kent for $3 million. The building is on nearly two acres at 7908 S. 228 St. in Kent. It is fully leased to Guided Products, which makes office supplies out of recycled materials, as well as tablet and menu covers and adhesive labels. Davis Property is based in Kent, and develops and owns properties in the Puget Sound region and Portland.

Terreno buys industrial building

San Francisco-based Terreno Realty Corp. bought a 32,000-square-foot industrial building in Kent for $2.8 million last week. The building sits on 3.8 acres at 26601 79th Ave. S. and has 12 loading areas. It is 52 percent leased to a single tenant. Terreno owns industrial property in six coastal areas: Los Angeles, Miami, northern New Jersey/New York City, San Francisco Bay Area, Seattle and Washington, D.C./Baltimore.

Jul 24, 2014

Red Lion hires new staffers

Frank

Rowe

Attardi

Spokane-based Red Lion Hotels hired three people to help the company grow nationally. David Attardi is regional vice president of lodging development in Washington, D.C. Attardi will focus on finding new franchise opportunities. He was vice president of B.F. Saul Co. Hospitality Group. Angela Rowe will manage franchise sales development from Houston, and will be a liaison to industry trade associations. Sarah Frank will be director of brand marketing. Frank has more than seven years of experience. Red Lion owns, manages or franchises 53 U.S. hotels.

NBS secures $30M for 4th & Pike

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Fourth & Pike Building

Jeff Henderson and Zack Goodwin of NBS Financial Services arranged $29.5 million in permanent financing for Fourth & Pike Building, a 10-story 132,000-square-foot building.

Mayfield Cos. of Palo Alto, California, paid $25.2 million in 2008 for the property and renovated it.

Occupancy is now 95 percent.

NBS Financial represented Mayfield and the lender, Redwood Commercial Mortgage Corp. NBS Financial Services is the financing arm of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.

Conference on contaminated land Oct. 2

Northwest Environmental Business Council, NAIOP and Washington State Department of Ecology will hold an all-day conference on ways to clean up and redevelop contaminated land Oct. 2 at DoubleTree Seattle Airport Hotel in Tukwila. Developers, property owners, clean-up professionals, regulators and municipalities will gather to talk about development issues, role of the public sector and technology. For more information, or to register, visit: http://bit.ly/1ng9owc

Berkshire Hathaway adds Tri-Cities firm

Berkshire Hathaway HomeServices added Prudential Now Realty in the Tri-Cities to its network. Prudential Now will be renamed Berkshire Hathaway HomeServices Tri-Cities Real Estate. It has operated in Kennewick, Pasco and Richland for more than 35 years. Warren Buffett owns Berkshire Hathaway HomeServices.