Oct 10, 2019

DSC Capital announces new hires

Sputh

Meunier

Mortgage banker DSC Capital announced the recent hiring of Robert Meunier as vice president and Katie Sputh as financial analyst. The 10-year industry veteran Meunier makes the move from Directors Mortgage. He has experience securing loans from Fannie Mae, Freddie Mac, HUD and life insurance companies. Sputh comes straight out of the University of Washington's Foster School of Business, and is already pursuing an MBA at Georgetown with a focus on real estate.

Adaptiva

In Kirkland, Adaptiva hired Jeff Harrell as vice president of marketing. Harrell has over 20 years of tech marketing experience, with stints at software developers Zettaset, Redbooth/AeroFS and Norse. Adaptiva develops IT security solutions.

City of Tacoma

The Tacoma City Council is looking to fill positions on its Landmarks Preservation Commission. The positions include: architect, professional (two openings), at-large (city resident), Wedge Neighborhood ex officio (non-voting) and North Slope Historic District ex officio (non-voting). Applications can be sent until Oct. 22 to cityoftacoma.org/cbcapplication or contact Michelle Emery at (253) 591-5178.

Mod Pizza

Seattle-based Mod Pizza is expanding into Canada after signing a deal with V.I. Pizza for franchise development rights of five restaurants on Vancouver Island. The first will open later this year in the newly developed Belmont Market shopping center in Langford. V.I. Pizza is led by food industry veterans Jim Hayden, Jeff Jefford and Ken Whitaker. Mike Yasinski, co-founder of Hudsons Canada's Pub, is also an investor. Mod Pizza has over 455 locations and is planning to open at least 20 more by year end.

Lithia Motors

Medford, Oregon-based Lithia Motors acquired Chrysler Dodge Jeep Ram Fiat and Subaru dealerships in Morgantown, West Virginia. Lithia estimates the two new locations will generate about $100 million in annual revenue. The company's market strategy is to acquire strong dealerships that are underperforming relative to their potential.

SHA names 2 board members

Seattle Housing Authority announced two new appointees to its Board of Commissioners. Michael Diaz previously worked for a local nonprofit serving the homeless, with past experience as a youth development counselor. Twyla Minor works for Greater Mt. Baker Baptist Church in its emergency feeding program. Both were appointed by Mayor Jenny Durkan. Both fill the two four-year slots on the SHA board that are held by SHA residents.

Sandhu to lead local Logistics Property Co. office

Logistics Property Co. announced the recent hiring of 19-year industry veteran Joe Sandhu to oversee its western region. He makes the move from Lendlease, and will be based in Seattle's new office. LPC itself is based in Chicago, and has offices in several U.S. cities. It values its logistics portfolio at around $1.25 billion.

Sandhu said in a statement, “While LPC only officially launched in Seattle in May, we're particularly excited about the progress of Frederickson One, and look forward to announcing other projects in the west region soon.”

LPC paid $46 million last year for 210 acres 2601 200th St. E. (near both Frederickson and Spanaway in Pierce County). Its partner in that phased 2.5 million-square-foot project is MIRA Real Estate, aka Macquarie Capital of New York. Craft Architects designed Frederickson One; no tenants or general contractor have been announced.

Tarragon adds more units in Pierce Co.

Down in Frederickson, Tarragon announced the recent opening of phases II and III of Sawyer Trail Apartments & Townhomes, at 17412 44th Ave. E. They total 252 units, on top of the 234 units of Phase I, which was completed early last year. All three phases span about 50 acres. Another 70 townhouse units will likely break ground next year.

Amenities include wilderness trails, green spaces, play areas, picnic shelters, a community clubhouse, fitness center and pool. The team included architect Milbrandt, structural engineer CT Engineering, civil engineer Barghausen Consulting Engineering and landscape architect Bradley Design Group.

Coombs appointed to state post

Coombs

NAI Puget Sound Properties, which is led by Scott Coombs, announced that he was just appointed by Gov. Jay Inslee to the Washington State Real Estate Commission. The term lasts six years. Commissioners advise the state Director of Licensing about laws and regulations that affect real estate firms and brokers.

Unico names new CFO

Snyder

Unico Properties announced that Bruce Snyder has joined the firm as chief financial officer. He makes the move from Qiddiya Investment Co., a state enterprise in Saudi Arabia. He's previously been involved with major projects in Florida and Salt Lake City. Unico's Jonas Sylvester said in a statement, “Bruce's impressive 35-year track record and breadth of experience across so many sectors of the real estate industry mark a great addition to our executive leadership team.”