Apr 20, 2017

NAIOP brokers forecast April 26

Ford

NAIOP has set the date for its annual Broker Forecast breakfast: 7 a.m. Wednesday, April 26 at Four Seasons Seattle. This year's panel will be Laura Ford of Colliers, David Squire from NGKF's Portland office and Steffen Kammerer from Jones Lang LaSalle's Silicon Valley office. The moderator will be Rob Swartz, from the local branch of Kilroy Realty. More details and registration: naiopwa.org.

Blue Match e-brokerage opens here

Dobbertin

Based in Englewood, Colorado, the two-year-old e-brokerage BlueMatch has announced that it's entering the Seattle-Bellevue residential market. Co-founder Jonathan Dobbertin says the company's “software helps people sell their homes without having to pay a listing commission.” His partner is Solomon Geigle, a real estate veteran. The firm's website said it wants “to disrupt the antiquated state of real estate.” Dobbertin says the office will be in Galvanize, a co-work space in Pioneer Square.

CCIM local branch wins award

Armanious

At CCIM's recent Midyear Governance Meetings in Chicago, the President's Cup was awarded to several chapters including the Washington State Chapter of CCIM. State chapter President Michael Armanious said, “Our chapter leadership worked hard throughout 2016 to complete all the basics of education and networking. Receiving the President's Cup Award is validation for all the hard work our volunteers gave to our chapter during 2016.”

KeyBank loan for Renton complex

KeyBank has announced a $15.5 million bridge-to-HUD loan for Royal Hills Apartments in Renton. Amost all of the 284 units are reserved for individuals and families making at or below 45 percent of area median income. Some are also set aside for disabled renters at 50 percent of AMI. The property is managed by Preservation Partners Development of Torrance, California. PDP's Bill Szymczak said in a statement, “Our longstanding effort to serve the Renton community is bolstered by KeyBank's financial support.”

May 11 lunch for CREW

Tuesday, May 11 will be the lunchtime networking event for Commercial Real Estate Women Seattle & Sound. The gathering takes place at Motif, 1415 Fifth Ave. at 11:30 a.m. Marianne Trost, a professional trailer and coach, is the speaker. Details and registration: crewss.memberclicks.net.

Apr 13, 2017

Development opportunity on Broadway

The Bonney-Watson Funeral Home site isn't the only valuable Broadway parcel on the market. Capital Pacific has been selected as the exclusive listing agent for the Highline Tavern site at 206 Broadway E. The 12,800-square-foot property is just north of East John Street and the light rail station. Capital Pacific says the two-story 1987 retail structure is a likely tear-down. (Subway is also a tenant.) Ankrom Moisan Architects has prepared feasibility studies for Capital Pacific on developing the skinny, through-block site into a 75-foot apartment building, assuming HALA incentives. Capital Pacific's listing team consists of Sean Tufts, Kevin Adatto, Michael Horwitz and David Gellner.

More Thai food for Capitol Hill

Dunn & Hobbes has announced a new restaurant tenant for its 12th Avenue Marketplace. Bai Tong Street Cafe had its soft opening last weekend. The family-run eatery was established near Sea-Tac Airport in 1989 by Chanpen Lapangkura, who was then working for Thai Airlines. A second generation of her family now operates the restaurant chain, with locations in Tukwila, Issaquah and Redmond. (“Bai Tong” means banana leaf in Thai.) Bai Tong joins the constellation of other related Dunn & Hobbes developments on Capitol Hill, which include Chophouse Row, the Pacific Supply Building and the Piston & Ring Building, which are all fully leased. Individual food and beverage tenants include Amandine Bake Shop, Empire Espresso, and Bar Ferdinand.

Urgent lessons in retail

Stores are closing and retail employment numbers are down. Amazon and its online ilk are sweeping all the chips off the table. What does it mean for the bricks-and-mortar end of the retail spectrum? The Urban Land Institute will address just that question in next Thursday's presentation on “Innovation in Retail.” The panel discussion is part of the ULI Women's Leadership Initiative. Speakers will include Erin Bombacie from Nordstrom, Dennis McGrath of Starbucks and Myra Vaughn of MG2. The moderator will be Midge McCauley of Downtown Works. The event takes place at 7:30 a.m. April 20 at MG2, 1101 Second Ave. Details and registration: northwest.uli.org.