Oct 19, 2017

New president at RISE Properties

Sigmund

Canadian REIT RISE Properties Trust named Barrett Sigmund as its new president. He moves from Security Properties. Sigmund said he is “excited to help RISE become more active from a transactional perspective, while growing its presence in the Pacific Northwest.” RISE focuses on the Puget Sound area. Local holdings include the former officers' residences at Fort Lawton, Bentley House in Issaquah and Northline Apartments in Seattle.

6 Friends of Housing named

Washington State Housing Finance Commission has named six new “Friends of Housing.” They are: State Rep. Joan McBride; HomeStreet Bank's Dianne Wasson; Marty Kooistra, executive director of Housing Development Consortium of Seattle King County; SMR Architects; Spokane Housing Authority executive director Pamela Tietz; and Alison Dean and Jennifer Staplin of apartment manager HNN Associates. The Margaret M. Sevy Lifetime Achievement Award went to Seattle attorney Deborah Winter of Foster Pepper.

Bentall Kennedy, Warba buy in Colorado

The Canadian advisory firm Bentall Kennedy, which has an office in Seattle, bought a new seven-story, 223,000-square-foot office building in Englewood, Colorado, on behalf of Warba Bank K.S.C.P. in Kuwait. The Class A building is next to a light rail station. Terms weren't announced. The building is leased to Arrow Electronics.

Smith Tower CREW social Nov. 2

CREW will hold a happy hour atop Smith Tower on Thursday, Nov. 2. You can come early for a tour, starting in the lobby at 4 p.m., or arrive later at the observatory level for drinks, from 5-6 p.m. Registration and info: crewnetwork.org. And in case you've forgotten the iconic building's location: 506 Second Ave. in Pioneer Square.

Oct 12, 2017

Atlas expands at Lumen

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Atlas Workbase

Atlas Workbase will expand in the mixed-use Lumen condominium on Lower Queen Anne, at 500 Mercer St. The 6,000-square-foot addition should be ready in the first quarter of next year, the company said. The shared workspace provider entered this market last winter, with 20,000 square feet in the former OfficeMax space. The existing space has short- and long-term offices. The addition will add a private, street-level entrance at Fifth and Roy Street, and direct elevator access to the underground garage, shared with QFC. Atlas says the expanded facility will be open 24/7. The new space is already 33 percent pre-leased. In a statement, CEO Bill Sechter said, “We are ecstatic about the success of our first facility, and eager to further accommodate existing and future members.”

New president at Clise

Cuthill

Northwest native David Cuthill has been named the new president and COO for Clise Properties. He was previously vice president of development for the Pacific Region for Chicago-based mall owner GGP, or General Growth Properties, and also worked for Nordstrom and Opus NW. Richard Stevenson retired as president in the spring. Al Clise remains chairman and CEO of the 127-year-old family-owned firm. The 56-year-old Cuthill is a lawyer and a certified public accountant. In a statement, Cuthill said, “I will focus on continuing Clise's key role as a vital stakeholder in the rise of Seattle as a global hub for commerce and technology.”

Gilson joins HFF multifamily team

Holliday Fenoglio Fowler has added Scott Gilson to its multifamily team, where he will specialize in debt and equity placement. Gilson moves from NorthMarq Capital, where he helped arrange $250 million of debt financing in the last six years. Educated at the University of Washington, and a CCIM, Gilson joins HFF's Portland office.