Nov 02, 2017

Gearhart joins Ryan Companies

Gearhart

Ryan Companies hired industry veteran Marc Gearhart as vice president of real estate for the Northwest division. Previously with Holland Partner Group, he will oversee site selection, due diligence, financing, entitlements, lease/sale negotiations and asset management.

Colocation Northwest signs big lease

Local Internet service providor Colocation Northwest said it has leased of up to seven megawatts of mission-critical IT capacity at Centeris South Hill, a data center facility near Tacoma. Centeris South Hill is owned by Bellevue-based Centeris, which is part of the Benaroya Company. The South Hill facility has a 50-megawatt onsite substation providing dedicated, expandable, green power and dense fiber connectivity. In a statement, Colocation Northwest CEO Stephen Milton said, “We look forward to bringing our vision for scalable, fully managed colocation solutions and integration to a new level.” Larry Benaroya said, “We look forward to providing the redundancy, robust security and hyper-scalability to support Colocation Northwest's commitment to operational excellence and growth.”

CREW dinner Nov. 16

Clise

Arden Clise will speak at CREW's Signature Event dinner on Nov. 16 at The Riveter, 1517 12th Ave. on Capitol Hill. Clise is a local speaker, trainer and author who specializes in business etiquette. Her most recent book is “Spinach in Your Boss's Teeth: Essential Etiquette for Professional Success.” Registration and info at crewnetwork.org

SeaLevel says SAMM leasing well

Two months after opening its 92-unit SAMM Apartments, at 22845 S.E. First Place near Sammamish Town Center, SeaLevel Properties says the apartments are 50 percent leased. The 15,000 square feet of commercial space has been leased by Bright Horizons Family Solutions daycare center, which opens on Sunday. SeaLevel's John Shaw said in a statement, “We anticipate that SAMM will be fully leased before year-end, and look forward to offering great new homes for more future residents while space is still available.”

3 openings on ISRD board

There are three open slots on the International Special Review District Board, and the election is set for 11 a.m.-6 p.m. Tuesday, Nov. 21 at the Bush Asia Hotel, 409 Maynard Ave. S. For Position 1, business owner and kung fu and lion dance instructor David Leong is running against development executive Kevin Man. Running unopposed for Position 2 is contractor Russ Williams. Running unopposed for Position 3 is businessman and previous ISRD board member Tom Cheng.

Oct 26, 2017

Dermody buys Lacey corporate park

[enlarge]

Meridian Campus Corporate Park

Dermody Properties has acquired Meridian Campus Corporate Park in Lacey. Terms were not disclosed. California State Teachers' Retirement System sold the 18-acre park, which has three buildings totaling 459,551 square feet. Dermody will develop a new distribution building there with 318,028 square feet. Construction is expected to begin next month. CBRE's Monte Decker and Andrew Hitchcock will market the property. In a statement, Dermody's Doug Kiersey said, “The region's consumer demand, labor pool, transportation infrastructure and local corporate stalwarts such as Microsoft, Google, Costco, Nordstrom and Boeing make it a highly desirable industrial market. The industrial park's proximity to the Seattle and Portland markets will attract customers in need of Class A, regional distribution centers.” Bellevue-based Dermody has over 70 million square feet of industrial space nationwide.

Heeter joins SIOR board

Heeter

Kidder Mathews said vice president and partner Kraig M. Heeter has joined Society of Industrial and Office Realtors Foundation board of trustees for a three-year term. Heeter specializes in the industrial market, often in the Kent Valley. Past clients have included, Weyerhaeuser, PacTrust, RREEF and Walgreens.

Wattula moves to HPP

Wattula

Hudson Pacific Propertieshas hired Andy Wattula, formerly with Beacon Capital Partners, as senior vice president. He will lead HPP's operations in the Pacific Northwest. In a statement, HPP's Victor Coleman said, “Andy Wattula has worked in the Seattle real estate community for more than a decade and understands this dynamic market. The strength of the Seattle economy continues to create new, long-term opportunities for Hudson Pacific, and Andy's experience and leadership will play a key role as we continue to expand in the region.” Wattula also worked at Hines and served in the Navy. HPP is a REIT with over 18 million square feet in its U.S. portfolio. Locally, it recently completed 450 Alaskan, which is half leased to Saltchuk Resources. The building is part of HPP's King Street Crossing, which includes six nearby buildings totaling 665,376 square feet.