Mar 08, 2018

Hale now partner at Panattoni

Travis Hale was named partner at Panattoni Development Co. in Seattle. Hale has been with Panattoni since 2014 and has 23 years of commercial real estate experience, ranging from institutional asset management to build-to-suit projects. He joins current partner, Bart Brynestad, who has led the Seattle office since 2003.

Horizon Partners promotes Wittrell

Horizon Partners Northwest of Tacoma promoted Cammy Wittrell to president. She's been with the company for 16 years, starting as property manager and moving to asset manager. Company founder and CEO Mike Bartlett said in a statement, “Promoting her to president is not only the natural fit, but it's a move that will position Horizon Partners as an industry leader, continuing to provide the excellent customer service we offer to our tenants.” Horizon Partners is overseeing the mixed-use Brewery Blocks redevelopment project, which is expected to break ground soon in Tacoma. Horizon Partners owns and manages nearly 400,000 square feet in all sectors of commercial real estate.

Stewart Title adds to local team

Houston-based Stewart Title is expanding its staff here. Joining the Seattle CBD office are industry veterans Warren Samek, Peter Johndrow and Shawn Elpel. Stewart Title is part of publicly traded Stewart Information Services Corp., a global real estate services company.

NAIOP goes to Tacoma

NAIOP holds this year's South Sound Forecast on March 15. The breakfast gathering starts at 7 a.m. at Pacific Grill (1502 Pacific Ave.). Panelists will address issues like how cities are planning for growth. Tacoma city council member Conor McCarthy will moderate. Panelists will be: Ben Mauk of UW-Tacoma; Ian Munce of the city of Tacoma; Su Downie, retired former executive director of the Foss Waterway redevelopment planning team; and Loren Cohen of MC Construction, which is part of the Point Ruston redevelopment team. Details and registration at: naiopwa.org.

Mar 01, 2018

$170M refi deal for 901 Fifth

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Holliday Fenoglio Fowler announced a $170 million refinancing of 901 Fifth Ave. on behalf of owners Investcorp International Realty, Inc. and Schnitzer West. They purchased 901 Fifth in 2016 for $223 million, and recently spent $7 million to upgrade the lobby and other areas. The 41-story, 540,600-square-foot high-rise was built in 1973. HFF says it is almost fully leased, and tenants include State Farm Mutual, SVB Financial Group, AllState Insurance and Pitchbook. The HFF team was led by Michael Gigliotti and Michael Tepedino in New York, and locally based Tom Wilson. The loan came from HSBC.

Ryan heads eXp Realty University

Residential broker eXp Realty has hired Kimberly Ryan as executive director of eXp Realty University in Bellingham. She was with a brokerage in Scottsdale. Ryan will develop coaching, consulting and mentor programs for eXp Realty agents worldwide. Publicly traded eXp World Holdings has over 8,000 agents in 47 U.S. states and two Canadian provinces.

$20M loan for Kent apartments

Following last month's $28 million sale of the 177-unit Village at Lake Meridian in Kent, CBRE announced that it has secured a $19.78 million loan for the new owner, The Jacobson Co. of Los Angeles. CBRE's Brian Eisendrath and Brandon Smith arranged the 10-year fixed rate, 5-year interest-only loan. The funding source was not specified. David Young and Corey Marx of JLL brokered the deal last month. The 1980 complex was sold by TruAmerica Multifamily.