Aug 24, 2017

HFF does $17.8 Bothell refi deal

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Nexus Canyon Park Research Center

Holliday Fenoglio Fowler arranged a $17.8 million refinancing of Nexus Canyon Park Research Center, a 141,982-square-foot life science and flex/R&D building in Bothell. HFF's San Diego debt placement team included Tim Wright, senior director Zack Holderman and Olga Walsh. Nexus Canyon Park is on 6.96 acres at 21720 23rd Dr. S.E. Nexus acquired the then-vacant property in 1999 for an undisclosed amount. It is 37.8 percent leased to Epoch Pharmaceuticals, Qilu Puget Sound Biotherapeutics Corp. and Acucela. Nexus also owns Nexus Snoqualmie Ridge.

Guild golf tourney raises $430K

Guild Mortgage said that its 13th-annual charity golf tournament and dinner auction raised $430,000 for Redmond's Liberty Road Foundation, which funds local nonprofits that help at-risk children and families, and SAFE, a nonprofit that helps get women out of the sex trafficking trade. Guild has 27 branches in Washington state.

Sightline affordable housing event Sept. 20

The local nonprofit Sightline Institute will hold a free panel discussion Sept. 20 on “Building the Affordable City.” Guest speakers will be Daniel Kay Hertz from the Center for Tax and Budget Accountability in Chicago; and Kim-Mai Cutler from Initialized Capital in San Francisco. Sightline director Alan Durning will moderate. It starts at 7 p.m. in Rainier Arts Center, 3515 S. Alaska St. More details and RSVP at sightline.org.

Bentall Kennedy buys Portland building

Bentall Kennedy said one of its investment funds purchased Oregon Clinic Gateway Medical Office Building in Portland. CBRE represented the seller. Terms weren't disclosed. BK, which has a Seattle office, said this is its first medical office building investment in Portland. The 101,299-square-foot building is fully leased, with tenants including The Oregon Clinic and Providence St. Joseph Health.

Aug 17, 2017

Wolff joins Pacific Century Holdings

Wolff

Pacific Century Holdings named Steve Wolff chief acquisitions officer for its initial $50 million real estate investment fund for the cannabis industry. PCH is led by Tony Repanich, formerly of Peoples Bank, and broker Justin Braune. They launched the PCH 1 fund in June. Wolff comes from Dallas, where he was with NAI Robert Lynn and Stan Johnson Co.

AIA walking tour of the CD

AIA Seattle and its affiliated website The Urbanist are conducting a walking tour of the Central District. Co-leading the tour will be architect Donald King of Mimar Studio, architect Jeffrey Floor of LMN Architects and Wyking Garrett of Africatown, who has played a leading role in the redevelopment plans for MidTown Center, which will be one stop on the tour. Other sites will be Vulcan Real Estate's Red Apple site at 23rd and Jackson, and Capitol Hill Housing's new Liberty Bank Building at 23rd and Union. The tour starts at 10 a.m. Saturday, Aug. 26, at Washington Middle School, 2101 S. Jackson St. Suggested donation is $10. RSVP at aiaseattle.org.

Berkadia brokers $61M deal

Berkadia Real Estate Advisors said it has brokered the sale of the 58-acre Carroll's Creek Landing, in Marysville, on behalf of original developer Gateway Trident LLC. The transaction was worth about $60.7 million. The buyer was JRK Property Holdings of Los Angeles. Berkadia's team was led by Kenny Dudunakis, David Sorensen and Ben Johnson. Developed in 2002 as Navy housing by Gateway Development Group, Carroll's Creek has 288 townhouse-style units with up to four bedrooms. JRK has 32,000 units nationwide, including The Boulders at Puget Sound, in Tacoma.

Dow upgrades Chicago hotel

Dow Hotel Co. of Seattle said it completed a $10 million renovation of Embassy Suites O'Hare Rosemont near the Chicago airport, including guest rooms, public spaces and back-of-house areas. The eight-story hotel has 294 rooms, an atrium, pool, fitness center, and 18,000 square feet of meeting and event space. The 5,100-square-foot ballroom accommodates up to 350 guests.

Andover adds to industrial team

The Andover Co. hired Shane Mahvi, a recent Seattle University grad. He joins the industrial property leasing and sales team.

REEL networking starts Aug. 24

A new networking series for the under-35 crowd called REEL (for Real Estate Emerging Leaders) will debut on Sellen Construction's roof top deck, at 227 Westlake Ave. N. Members of CoreNet, CREW, NAIOP, AGC, BOMA, ULI and SMPS Seattle are expected to attend. The shindig starts at 5 p.m. Thursday, Aug. 24. Event proceeds go to the arts nonprofit UrbanArtWorks. In September is a NAIOP-only gathering at Katerra, 542 First Ave. S. RSVP for both at naiopwa.org. Also ahead on the NAIOP calendar is the annual Night of the Stars gala, which is set for Nov. 3 at Hyatt Regency Bellevue.