May 11, 2017

Tacoma retail center sells for $47M

Capital Pacific said it handled the sale of Highland Hill Shopping Center in Tacoma for owners Highland Sixth Associates LP, a partnership associated with Koehler & Co., which bought and expanded the property in 1985. The price was $47.35 million. The buyer was an LLC associated with Retail Opportunity Investments Corp. of San Diego. The Capital Pacific team was led by Sean Tufts. He said ROIC has been one of the most active large-scale shopping center buyers in the Puget Sound. The 163,926-square-foot center is anchored by Safeway and LA Fitness. It was renovated in 2008.

John Lo goes from JLL to CBRE

Lo

CBRE said John Lo has joined the firm's capital markets/debt and structured finance team as senior vice president. He moves from Jones Lang LaSalle. He has over 20 years in the field, and has completed more than $6 billion in debt and equity closings, according to CBRE. CBRE's Jeff Majewski said, “John's addition reinforces our commitment to robust capital markets execution for our most sophisticated clients in the Pacific Northwest.”

Greystar expanding in Seattle

Charleston, South Carolina-based multifamily developer Greystar is expanding its Seattle office. Greystar recently moved to 800 Fifth Ave., in a space that can accommodate about 125 employees. Lindley Woolston has joined as a senior development analyst. She comes from Camden Property Trust. Greystar said it is the largest operator of apartments in the U.S., owning or managing over 400,000 units. It has $16 billion in assets under management. In Seattle, it is building or planning projects at 820 John St., 425 Fairview Ave. N., 400 Boren Ave. N., 301 Queen Anne Ave. N. and 300 First Ave. W.

May 04, 2017

Ann Klein joins Schnitzer West

Klein

The asset services group at Schnitzer West will be led by Ann Klein. A 25-year industry veteran, she most recently ran her own consultancy, Klein Partners, where, her clients included Lend Lease Real Estate Investments, RREEF, CalPERS, GE Capital and Vulcan. In a statement, Schnitzer West's Pam Hirsch said, “Ann has been a trusted advisor to Schnitzer West, and we are delighted to have her join our team. Her strategic thinking and collaborative approach aligns well with our objective to deliver best-in-class product and customer service.”

CHH annual forum May 25

Farrazaino

Capitol Hill Housing has announced the date and details for its annual community forum: 5:30 p.m Thursday, May 25 at The Summit (420 E. Pike St.). The theme is “Own It,” and the emphasis is on helping small business owners and renters gain equity in their community. Speaking on those topics will be Jaebadiah Gardner of Onpoint Real Estate, Sven Gatchev of Mercy Corps Northwest, Sam Farrazaino of Equinox Studios and Melora Hiller of Grounded Solutions Network. RSVP and more info at: ownitforum.splashthat.com.

May 17 ULI panel on homelessness

Boyd

The Urban Land Institute will focus on Seattle's chronic and growing problem of homelessness at a May 17 breakfast meeting at the Hyatt Olive 8. The panel of speakers will be: Susan Boyd, the new CEO of Bellwether Housing; Daniel Malone of the Downtown Emergency Service Center; and Dr. Simha Reddy, who's on the board of the King County Coalition for Homelessness. Moderating the discussion will be Richard Kendall of Allison+Partners. RSVP and more info at: naiopwa.org.

CREW sets date for Spring Fling

The annual spring party and mixer for Commercial Real Estate Women Seattle & Sound will be Thursday, May 18. The event begins at 5 p.m. at Sole Repair (1001 E. Pike St.). Festive spring footwear is encouraged, with prizes as your incentive. RSVP at crewss.memberclicks.net.