May 24, 2018

Guild Mortgage expands near SLU

Johnson

San Diego-based lender Guild Mortgage has added a second Seattle office, near South Lake Union at 1100 Dexter Ave. N. That's across the street from its first Seattle location at 1000 Dexter, which it will keep. Guild said in a statement that since opening here in 2016, the SLU branch has branch has tripled in volume and more than doubled its staff. Julie Johnson leads the SLU team. She recently added Chris Dutton and Ryan Lopez to her team. Guild now has 35 branches and satellite offices statewide. Nationally it has over 4,000 employees, with 344 branch and satellite offices in 29 states.

What will happen with Rainier Square?

Rainier Square

Wright Runstad President Greg Johnson will be the speaker at CREW's June 14 luncheon to talk about the Rainier Square development project in downtown Seattle. Rainier Square will have more than 1 million square feet of office space, apartments and retail. But Amazon “paused” its plan to lease all 722,000 square feet of the office space now under construction pending the outcome of the Seattle City Council's head tax vote. A $275 head tax was approved, and Amazon has not said whether it will occupy the space. The CREW event starts at 11:30 a.m. at Motif (1415 Fifth Ave.). Details and registration at crewnetwork.org.

Security Properties buys in Phoenix

Security Properties and partner Oaktree Capital Management closed on the purchase of Pavilions on Central, a 254-unit garden apartment property in Phoenix. The $59 million deal brings Security Properties' Phoenix area holdings to nine multifamiliy properties with over 3,700 units. The Pavilions was developed in 2000, with units ranging from one- to three-bedrooms. Security Properties' Davis Vaughn says upgrades and new amenities are planned. The townhome-style units are in the Midtown neighborhood and near light rail.