Mar 26, 2020
Gov. Jay Inslee named retired Navy Vice Adm. Raquel C. Bono as state director for COVID-19 Health System Response Management. Bono is a senior fellow with the Johns Hopkins University Applied Physics Laboratory and prior to that was CEO and director for the Defense Health Agency. In her new role, Bono is advising the governor and state agencies on actions needed to address the capacity and strain across the health care system.
Berkadia recently announced the promotion of Ian Stuart to associate director on its multifamily mortgage lending team. His areas of expertise include commercial mortgage-backed securities, Freddie Mac and Fannie Mae, and HUD lending.
Publicly traded Alexandria Real Estate Equities of Pasadena, California, is a major owner and developer of office and biotech space in the Seattle market. It now has around 1.6 million square feet built or under development here — mostly along Eastlake and in South Lake Union. The company announced this week that it's raising $700 million in a public debt offering. The 4.9% senior notes, due in 2030, will pay down Alexandria's other lines of credit, and be used for general purposes. Among the latter will be the anticipated $143.5 million purchase from the city of its Mercer Mega Block, where two 13-story offices towers and an apartment building are planned on almost 3 acres.
NAI Puget Sound Properties announced that Ryan Olson is now a partner in the brokerage firm, which he joined in 2016. His past deals have included Essex Property Trust, BECU and WaFd (the latest, briefest moniker for Washington Federal).
Seattle-based HomeStreet Inc., the parent company of HomeStreet Bank, suspended its stock repurchase program. As of last week, the bank had repurchased 335,360 shares at a cost of about $7.9 million. The program had authorization to buy up to $25 million in stock. HomeStreet said it's preserving capital to protect against potential credit losses and provide more lending support as a result of the COVID-19 pandemic. It could reinstate the remainder of the stock buyback program as circumstances warrant.
Bellevue-based NuriFlex entered into an agreement with Miami-based seriesOne Securities to raise up to $40 million in a private placement offering from potential investors. The company plans to issue up to 50 million shares of its Class A common stock as part of the deal. NuriFlex will use the proceeds for working capital, operating expenses and capital expenditures. The deal is subject to market conditions and other factors. NuriFlex uses telecommunications to supply advanced metering infrastructure and other services to the utilities industry.
Mar 25, 2020
Ken Bayern joined the Seattle office of architecture, planning and design firm CallisonRTKL as a vice president leading the global technology solutions group. The company said technology is integral to nearly every facet of architecture and design, and Bayern's experience includes projects with a national network of clients in almost every practice area.
In Seattle, Jackson Main Architecture promoted Katerina Prochaska and Kristin Lindenmuth to the leadership team as principals. Prochaska will lead standards and production, and Lindenmuth will lead accounting and assist in administration and operations. The firm provides architecture, master planning and interior design, with an office also in Kansas City, Missouri.
Seattle-based Johnston Architects promoted David Fuchs and Leah Wiiest to principal and Lu Zhang to associate. Fuchs, an architect, joined JA in 2015. He has worked in Boston, New York and Dublin, and also in Seattle on multifamily and mixed-use housing projects. He is managing the 35-unit mixed-use Shared Roof project in Phinney Ridge, and Alta Gateway, a 240-unit mixed-use development in Columbia City, both under construction.
Wiiest was hired in 2016 and established JA's interiors studio. She has designed hospitality, retail, restaurant and residential projects in Seattle, New York and Los Angeles. She is leading the interior design on several condos, multifamily projects and renovation of the historic Auburn post office into the new Auburn Arts & Cultural Center. Zhang was hired in 2015 and has used her urban design and planning experience on feasibility studies for sites for multifamily projects in Seattle. She is lead designer on a 95-unit mixed-use project under construction at 417 Second Ave. W. in Lower Queen Anne and a 165-unit mixed-use project on Mercer Island that is in design. JA offers architecture, interior design and planning.
Seattle-based Weber Thompson promoted Susan Frieson, Lissa Goetz and Aaron Swain to senior associate. Frieson is in the high-rise and hospitality design studios. She is project architect/manager on 1000 Virginia, a 45-story multifamily building at Terry and Virginia in Seattle, and has worked on other high-rises in the city, including Stratus apartments, Nexus condos and Ascent apartments, a component of 425 Fairview, and in Bellevue on Avenue Bellevue, a two-tower, hotel/residential development. Goetz is on the interior design team and has a background in architecture. In Seattle, she is working on student-targeted housing projects Trailside Phase I and II, and 1001 John, a high-rise residential project with architecture by CollinsWoerman. Swain has worked on projects that include Pike Motorworks, Ballard Blocks II and The Waverly, a residential tower under construction in South Lake Union. He is a Certified Passive House Consultant and was the project architect of Solis, a passive house condo development on Capitol Hill in Seattle. Weber Thompson provides architecture, interior design, landscape architecture and urban design.
In Kirkland, Blueline hired Michelle Roberge as a project engineer and Mary Koutrelakos as an engineer. In Mill Creek, it hired Valerie Tuttle as a construction inspector on public works projects, and in Tukwila it hired Raylee McKinley as a landscape designer.
Roberge works on residential and commercial projects. She has a bachelor's in civil engineering from Syracuse University and experience in site/civil design in the private and government sectors. Koutrelakos works on commercial projects. She has a bachelor's in civil engineering from the University of Washington and experience working on Yesler Bridge in downtown Seattle and as an intern for Seattle Public Utilities. Tuttle has a bachelor's in engineering and management from Clarkson University and interned as an inside technical analyst for Xylem Inc. in New York. McKinley works on park, trail and mixed-use development projects. She has a master's in landscape architecture from Ohio State University. She has done design work in the U.S. and internationally on projects that include parks, trails, complete streets, mixed-use, hospitality and high-end residential. Blueline provides civil engineering, land use planning and landscape architecture.
Kevin Aardahl joined Allwest's Hayden, Idaho, office as area manager. He manages operations and supervises the geotechnical engineering, environmental services and construction materials testing departments at the office. He has over 30 years of experience in geology and environmental engineering and was a contract environmental consultant in California, providing technical review and support for projects related to environmental chemical contamination. Allwest provides civil engineering, environmental consulting and construction materials testing services.
Seattle-based Sorse Technology formed a partnership with Pascal Biosciences for cannabinoid research programs. Sorse also is acquiring part of the Vancouver, B.C.-based cancer research company. This is Sorse's first move into medical research applications. It sells a water-soluble cannabinoid emulsion used as an ingredient in food items, beverages, topicals and medical applications.
Portland-based KinderCare Education said it will shift its operations to provide child care to first responders, critical health care professionals and families in essential services. KinderCare operates about 1,500 centers around the nation and expects to keep more than 400 open to provide this essential child care during the COVID-19 crisis. The company will reopen additional essential centers as the need arises. Also, KinderCare Education at Work centers at medical facilities will remain open.
Arcimoto temporarily suspended production of its Fun Utility Vehicle through April 17 at its Eugene, Oregon, factory due to the COVID-19 outbreak. The electric vehicle company is maintaining a work-from-home staff for critical operations such as compliance and reporting, research and development, customer service, and deployment of the recently launched Rapid Responder and Deliverator pilot vehicles.