Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
home | Welcome, sign in or click here to subscribe. | login |
Aug 14, 2014
David Easton has joined Madison Bay Commercial from Seattle Steam Co. where he was vice president, overseeing business development and client relations. He also worked at Unico Properties on the Metropolitan Tract and Union Square teams. He has degrees in marketing and fine art from Central Washington University, and a Commercial Real Estate Certificate from the University of Washington.
Cushman & Wakefield | Commerce promoted Dave Magee to market leader for the Washington region, which includes the Seattle and Bellevue offices. Magee will direct business development, recruiting and key client relationships, and support all business lines. Cushman & Wakefield | Commerce offers brokerage, leasing, capital markets, property management, project management and related services. Magee has 30 years of experience in commercial real estate in the Puget Sound area. He is a CCIM candidate and on the board of Commercial Brokers Association.
The Port of Everett signed a new lease and renewed three leases in Waterfront Center, bringing it to 70 percent occupancy. The new five-year lease is with Eagle Home Mortgage for 1,168 square feet in the first floor lobby. Bluewater Distilling, maker of vodka and gin, signed a five-year lease to double its space, and add a restaurant and cocktail lounge, and increase production. Owner John Lundin said the production area will be prominently displayed. Ocean Research College Academy, an early college high school program that is part of Everett Community College, signed a five-year lease to expand by 1,600 square feet to accommodate more students, two more classrooms and meeting space. The space is expected to be ready this fall. Ardi Kveven, executive director of ORCA, said the school also has a new 34-foot research vessel. ISIS Holdings signed a one-year lease for 929 square feet on the first floor lobby. Waterfront Center opened in 2011. The port will begin construction this month on the first phase of Waterfront Place Central, a new mixed-use neighborhood. Information is at http://www.waterfront-place.com.
Aug 07, 2014
Mack Urban hired Louisa Galassini as an associate development manager in the Seattle office. Galassini will work on residential and mixed-use projects including site acquisition, permitting, design and construction services. Galassini recently graduated from the University of Washington with degrees in architecture and real estate. Mack Urban is a West Coast real estate company that does transit-oriented development, high rise housing, mixed-use, adaptive reuse, and student and senior housing.
Jones Lang LaSalle's capital markets division hired John Lo to lead real estate investment banking in Washington and Oregon. Lo will work on loans, financing and joint venture equity investments. Lo was a founding partner at Bluewater Realty Capital, a mortgage banking firm in the Pacific Northwest. He also worked for Intervest Mortgage, Wells Fargo Real Estate Group and as a real estate investment banker. Over his career, Lo has completed more than $5 billion in debt and equity closings.
Gabe Klein, former transportation chief in Chicago and Washington, D.C., will talk about transportation and land use at a Urban Land Institute Northwest meeting at 7:30 a.m. Aug. 13 at Motif Seattle, 1415 Fifth Ave. ULI said Klein has a “people-first” philosophy when it comes to transit planning. In Chicago, he worked on financing and construction planning for the waterfront park and an elevated bike trail that will traverse four neighborhoods and add open space. Register by Aug. 11 at http://Northwest.uli.org or by phone at 1-800-321-5011.
Stuart Oswald of NorthMarq Capital's Seattle office arranged $32.5 million in financing for Quail Park of Lynnwood, a three-story senior housing building with 85 assisted-living units and 45 memory care units. The refinancing loan allows the borrowers to pay off the original construction loan and generate cash. 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.
NBS Financial Services' Mike Wood and Austin Johnson arranged $20.75 million in financing for the Esterline building, a 216,180-square-foot manufacturing building in Everett. NBS Financial represented the lender, State Farm Insurance Co. An entity related to Capstone Partners is the borrower. Capstone built the structure in 2009 for Korry Electronics, a division of Esterline Corp. NBS Financial is the financing arm of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.