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May 25, 2018

The Seattle Times

The Seattle Times promoted Kristi Waite to director of development for public service journalism. Waite joined the paper in 2016 as product manager, and helped develop several email newsletters. She was creative director at Q13, editor in chief of Seattle Refined and a regional digital manager for KOMO.

City of Seattle

Seattle Mayor Jenny A. Durkan was appointed vice chair of the U.S. Conference of Mayors' Technology and Innovation Task Force. Durkan will join Mayor Steve Adler of Austin to help mayors address the impacts of technological innovation.

Bill and Melinda Gates Foundation

Daniel Greenstein, a director at the Bill and Melinda Gates Foundation, will become chancellor of Pennsylvania's 14 state-owned universities. Greenstein has worked with the foundation for six years and was a top administrator in the University of California system.

Banner Bank

The U.S. Small Business Administration named Banner Bank Regional Lender of the Year for the Seattle/Spokane District and a Star Performer for the Portland District. Banner originated the most loans last year in Washington, approving 170 loans totaling $23.65 million. This is the sixth straight year Walla Walla-based Banner has been recognized by the SBA.

May 24, 2018

F5 Networks

Francis “Frank” J. Pelzer joined Seattle-based tech company F5 Networks as executive vice president and CFO. Pelzer was president and COO of the Cloud Business Group at SAP, and CFO at Concur Technologies, which was acquired in 2014 by SAP.

Madrona Venture Group

In Seattle, Madrona Venture Group closed a $300 million investment fund, its seventh. Madrona invests in early-stage tech companies in the Pacific Northwest.

Rite Aid Foundation

Cathryn Tames received Rite Aid Foundation's Kidchamp Award. Tames is executive director of Children's Developmental Center in Richland. She was recognized for 30 years of helping children with disabilities and other challenges. Rite Aid is donating $10,000 in her name to Children's Developmental Center.

Guild Mortgage expands near SLU


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.

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