Nov 13, 2014

Northshore Townhomes gets financing

Northshore Townhomes sold for $22 million.

Dennis Williams and Brian Esquivel of NorthMarq Capital's San Francisco office arranged $12.5 million in acquisition financing for Northshore Townhomes, an 86-unit apartment complex in Kenmore.

JB Matteson Inc. of San Mateo, California, bought the complex in September from Grosvenor Americas USA Inc. for $22.1 million.

It was originally developed as condos by Mastro Properties in 2009 and later converted to rental units.

Grosvenor bought the complex for $15.8 million in 2010 from a bank that seized the property from Mastro.

Two finish CCIM leadership program

Hunter

Bennett

Lydia Bennett and Gary Hunter recently graduated from the Certified Commercial Investment Member Leadership Development Academy at the CCIM Institute. Bennett owns CRE West Coast, a consulting and instruction firm, and is a partner at Saratoga Commercial Real Estate. Hunter is a managing broker with Westlake Associates who specializes in court-ordered receiverships, debt restructuring and loan negotiations with banks and other lenders. CCIM Institute says there are 10,000 people worldwide with the CCIM designation.

Koehlers join JLL retail group

Jones Lang LaSalle hired retail brokers Anne Marie Koehler and Erika Koehler from CBRE in the retail division. The Koehlers will be vice presidents in the Seattle office, working with Mike Horner and Ryan Jones to expand the retail division in the Puget Sound region. The Koehlers have more than 25 years of experience representing landlords and tenants. JLL says it has more than 800 retail experts in the Americas and is the largest third-party retail property manager in the U.S., with more than 67 million square feet in 350 centers.

Celebrate Capitol Hill Arts District Saturday

Capitol Hill Arts District launches this weekend. Capitol Hill Housing will celebrate the new district at 11 a.m. Nov. 15 at Hugo House, 1634 11th Ave. The district is the first designated under the city's new Arts & Culture Districts program. Speakers at the event include Seattle City Councilmember Nick Licata, Office of Arts & Culture Director Randy Engstrom, Capitol Hill Housing Foundation Director Michael Seiwerath, and artist Amanda Manitach. The program is designed to preserve arts and cultural activities in neighborhoods like Capitol Hill that are undergoing rapid change.

Nov 06, 2014

Benjamin to manage GSA portfolio

Benjamin

The U.S. General Services Administration named Chaun Benjamin regional commissioner of the Public Buildings Service for the Northwest/Arctic Region. The service provides workspace for federal agencies. Benjamin will manage a portfolio of more than 16 million square feet in 577 owned and leased buildings in Alaska, Idaho, Oregon and Washington. He has been acting regional commissioner since May 2013 and has been with GSA since 2003. Before that he served 20 years in the U.S. Air Force handling acquisitions.

Realtors seek First Citizen nominations

Seattle King County Realtors is seeking nominations for the 77th annual First Citizen award, which celebrates leadership, volunteerism and public service. Send nominations by Nov. 12 to Seattle King County Realtors' First Citizen Select Committee, 12410 S.E. 32nd St. Suite 100, Bellevue. The 2014 winner was former Seattle Mayor Norman Rice.

NAIOP-AGC forecast Nov. 19

The Washington chapter of NAIOP and Associated General Contractors of Washington will hold a 2015 economic and construction forecast at 7 a.m. Nov. 19 at the Museum of History and Industry. Cliff Brewis, vice president of operations for Dodge Data and Analytics, will talk about the national economy, historical trends and real estate activity in Western Washington. For information, or to register visit: https://naiopwa.memberclicks.net/

Learn about landslides Dec. 16

Law Seminars International will hold a conference on landslides Dec. 16 at Renaissance Hotel Seattle. Panel discussions at the all-day meeting will focus on what causes landslides, local regulations and lesson learned from the Oso landslide. The co-chairs are David A. Bricklin of Bricklin Newman and Dan Miller of Earth Systems Institute. For information, or to register visit: http://bit.ly/1E60QMQ