Jan 02, 2015

Tukwila apartments sell for $10.5M

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Newport Heights, an 80-unit apartment complex at 5600 S. 152nd St. in Tukwila, sold last month for $10.53 million. The buyer is an entity managed by Steven Spierer and John Woodward, partners at Woodspear Properties, which has offices in Olympia, as well as California and Denver. The seller is an entity related to Horizon Realty Advisors of Seattle. The price equates to $131,562 per unit. Joe Levin, Tim McKay and Dan Chhan of Colliers International represented the seller.

Moctezuma's opens in Southcenter

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Moctezuma's Mexican Restaurant & Tequila Bar has opened a third location in this region at Westfield Southcenter in Tukwila. Moctezuma's opened in Tacoma in 1978 and added a second restaurant in Gig Harbor. Bernie Garcia, co-owner of Moctezuma's, said in a press release the company chose Southcenter because of its diverse and growing population. The bar has more than 100 tequilas and mezcals.

Seattle brokerage joins Berkshire

Berkshire Hathaway HomeServices added Seattle-based Prudential Signature Properties to its network. The brokerage's name has been changed to Berkshire Hathaway HomeServices Signature Properties. The move gives Signature access to technology and more leads. Berkshire Hathaway HomeServices is a subsidiary of Warren Buffett's Berkshire Hathaway. It was founded in September 2013 and has 34,548 agents and 1,075 offices in 47 states.

Dec 26, 2014

Land Advisors buys Cameron Land

Falkenborg

Cameron

Land Advisors Organization, a national brokerage focused on land, has established a presence here with the purchase of Bellevue-based Cameron Land Group. Cameron Land Group will become the Washington division of Land Advisors. Cameron was founded in 2008 by Scott Cameron and Wes Falkenborg. Land Advisors said Cameron's customers will now have access to tech tools and research as well as a capital advisory group, and resort and hospitality consulting. Land Advisors says it is the nation's largest brokerage focused solely on land. It has offices in Arizona, California, Florida, Idaho, New Mexico, Nevada, Texas and Utah.

Ken Larsen is WMLA president

Larsen

Ken Larsen, senior vice president and mortgage banking director at Banner Bank, was elected president of Washington Mortgage Lenders Association for 2015. Larsen has been a member of WMLA, a lobbying group that represents residential mortgage lenders, for more than two years and was a vice president. Larsen will work on education, advocacy and lobbying in Olympia, and represent Washington on national issues with the Mortgage Bankers Association. Larsen also wants to integrate regional associations into WMLA.

Port of Everett promotes Whitaker

The Port of Everett named Brandon Whitaker project manager for Waterfront Place Central. Whitaker is now the port's environmental and safety specialist, and will move to the new role in 2015. He will manage design and construction for the waterfront, and the first phase of marina improvements. Sixteen projects priced at $67 million are planned. The goal is to make the waterfront more pedestrian-friendly. The first projects are slated to begin early next year.

Stewart Title adds Elpel

Stewart Title Commercial Services hired Shawn Elpel as an associate senior underwriting counsel in Seattle. Elpel has more than 20 years of experience in commercial real estate and the title business. He worked for title companies in Washington, Arizona and California on national, multi-site deals.

Studio 216 makes 999 Third app

Studio 216 and Colliers International released an app for iPhones and iPads for 999 Third Avenue, also known as Wells Fargo Center. While touring the building, potential tenants can point a phone or tablet to a specific spot and see what it will look like once renovation is complete. Areas that can be viewed in the app include the lobby, work stations, break room and game room. Ivanhoe Cambridge paid $390 million for the building in June 2013, and immediately started planning a renovation to attract tech and creative companies.