Jan 04, 2018

CBRE secures $76M in multifamily financing

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Stazione: 25

CBRE's Seattle office announced that it has arranged $76 million in construction financing for the two-building, 301-unit Stazione: 25, which broke ground last summer near Mount Baker Station. CBRE's John Taylor and James Bach arranged the HUD loan for the ownership group, which is led by Michael Ross and Rob Spitzer. Ross said in a statement, “Seattle needs quality and affordable housing, especially close to downtown and along the light rail line, and we are glad to join the growing and diverse Mount Baker neighborhood. We appreciate the support of CBRE and HUD.” Scheduled to open in 2019, Stazione: 25 is being built by Osborne Construction Co., and was designed by Morgan Design Group.

Talon adds to staff

Noto

Talon Private Capital announced last month the addition of Lori Noto to its staff. A registered architect and Harvard graduate, she has 25 years of experience in the field. She joins Talon as its director of design and construction. She was recently an independent consultant and, before that, with Bentall Kennedy. Talon's current roster of projects includes Kirkland Urban and the redevelopment of 90 North in the Eastgate area of Bellevue.

Tech talk for CREW

The January lunch talk for CREW will tackle the thorny topic of technology. Matthew Shaffer of Radical Galaxy Studios will discuss how VR is affecting CRE; and there will be a demonstration booth where you don the VR goggles! Jenny Moshea of Sellen Construction will explain how that company has partnered with Ekso Bionics, which makes exoskeleton vests that lessen arm fatigue in workers, thereby reducing potential injuries and increasing worker efficiency. Also on the panel is Marlo Dowell of Katerra. The event is set for 11:30 a.m. Thursday, January 11 at Motif's Emerald Ball Room, 1415 Fifth Ave. Info and registration: crewnetwork.org.

ULI promotes putts and pints

The ULI's Young Leaders Group is hosting what it calls “Putts & Pints,” meaning the annual mixer at Flatstick Pub in Pioneer Square (240 Second Ave. S.). The event begins at 5:30 p.m. Thursday, January 11. Details and registration at: northwest.uli.org.