Nov 28, 2014

JLL hires Kadletz as VP

Ryan Kadletz

Jones Lang LaSalle hired Ryan Kadletz as a vice president representing tenants. Kadletz has more than 18 years of experience, including time at CBRE and Kidder Mathews. His expertise is acquisitions, dispositions, renewals and relocations. Jones Lang LaSalle has a global workforce of more than 53,000 people, with 200 offices in 75 countries.

Palmer elected to CRE post

Brent Palmer of NewTower Trust Co. in Seattle is the Counselors of Real Estate's second vice chair for 2015. Palmer is expected to serve as board chair in 2017. Palmer has been involved with CRE since 1988, and chairs the education committees. He has more than 30 years of experience in research and valuation of real estate, infrastructure, stocks, securities and intellectual assets, as well as acquisitions, dispositions, leasing, analysis, and consulting in the U.S. and Canada.

Denver group buys Auburn building

An entity related to Denver-based Industrial Property Trust bought an 80,000-square-foot manufacturing building at 101 Western St. in Auburn for $7.85 million. The seller is Victor Enterprises, an LLC based in Tukwila that is managed by Diana Dipietro. The price breaks down to about $98 per square foot. LMI Aerospace is a long-term tenant. Taylor Hoff, Jeff Forsberg and Arie Salomon of NAI Puget Sound Properties represented the seller. NAI Puget Sound Properties specializes in leasing and sales of office, industrial and retail properties, with offices in Bellevue, Seattle and Tacoma.

Nov 20, 2014

Ishizaki makes ULI 40 Under 40 list

Ishizaki

Erin Christensen Ishizaki, an associate principal at Mithun in Seattle, is on Urban Land Magazine's list of “40 Under 40,” the best young land use professionals worldwide. The list was selected by members of the Urban Land Institute from more than 400 nominations. Christensen Ishizaki is an expert in ecodistrict planning and focuses on integrating public health and sustainability in urban planning.

NBS completes refi in 32 days

Mike Wood and Austin Johnson of NBS Financial Services arranged $5.6 million in refinancing for Opus Seaway Commerce Center, a 99,222-square-foot manufacturing building in Everett. Rainier Properties bought the building in 2011, and is the borrower. It is now 100 percent leased, with the newest tenant, Giddens Industries, set to move in January. The loan closed in 32 days, Wood said, because Rainier Properties had an existing loan set to mature soon. NBS Financial is part of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.

CBRE to manage Bellevue buildings

Equity Commonwealth tapped CBRE to manage two buildings in downtown Bellevue: The Expedia Building at 333 108th Ave. N.E. and Bellevue Corporate Plaza at 600 108th Ave. N.E. Kim Berg Jones and Beth Halvorsen of the Bellevue office will lead the team for both properties. CBRE is managing 145 Equity Commonwealth properties in 30 states and the District of Columbia. Worldwide, CBRE and its affiliates manage more than 3.5 billion square feet of commercial properties and corporate facilities.

TIAA-CREF units get Energy Star rating

Three Seattle apartment properties owned by TIAA-CREF — Aspira, Circa Green Lake and Prescott Wallingford — were among 17 existing apartment buildings to get Energy Star ratings from the EPA. Previously, only new construction could get the ratings. TIAA-CREF said its sustainability programs have saved more than $75 million since 2007. Energy Star-certified buildings use an average of 35 percent less energy and are responsible for 35 percent fewer CO2 emissions than typical buildings.

CREW lunch Dec. 11 on EB-5

Commercial Real Estate Women Seattle & Sound's December luncheon will focus on the federal EB-5 program, which allows people to obtain green cards and a path to American citizenship if they invest at least $500,000 in qualifying real estate projects. The luncheon begins at 11:30 a.m. Dec. 11 at Washington Athletic Club. The moderator will be Dan Shin of Phillips Burgess, and panelists will include Aaron Beeson of Access the USA, Stew Stone of Tri-Cities Investment District EB-5 Regional Center and Jessica Yu of the Seattle law firm Stokes Lawrence. Information and registration are at http://www.crewseattle.org/

Berkadia arranges $19M loan

Jeff Stuart of Berkadia's Seattle office arranged $19 million in financing through Freddie Mac for Affordable Housing Associates to buy Tualatin Meadows, a 240-unit affordable housing complex at 18755 S.W. 90th Ave in Tualatin, Oregon. Tualatin Meadows was built in 2000 using low income housing tax credits, and was 98 percent occupied at the time of the sale. The 11-acre complex is about 13 miles southwest of Portland, and has a gym, pool, clubhouse and playground. Berkadia is a joint venture between Berkshire Hathaway and Leucadia National Corp. that works on real estate financing, sales and research.