Nov 03, 1995

Duncan & Ross Advisors Inc.

Duncan & Ross Advisors Inc., a new financial services firm with offices in Redmond and Gig Harbor, has been founded to serve closely-held and family-owned businesses throughout the Northwest. The firm specializes in wealth management, assisting business owners with succession plans as well as personal financial plans that address asset management and estate distribution objectives. The founding partners are John M. Duncan and Philip C. Ross, both former consultants with The Rainier Group. Duncan has been in private practice as a wealth planning counselor since 1991. Ross has been a financial services consultant for nearly 20 years, working exclusively with private corporate owners.

Clover Park Technical College

Catherine Sabin has been named coordinator/instructor of the Choices Program at Clover Park Technical College (CPTC) in Tacoma. Sabin's background includes program coordination at Pierce College as well as vocational rehabilitation counseling and adult education with private organizations. She is currently enrolled in a master's program in the social sciences at Pacific Lutheran University. Funded by a Workforce Training Grant from the Washington State Legislature, the Choices program is designed to help unemployed workers re-enter the workforce by offering career exploration, job search instruction and enhancement of skills in English, math and computer operations.

The Investment Company Institute

William G. Papesh, president of Composite Research & Management Co., has been elected to the board of governors of the Investment Company Institute. Membership in the Institute includes more than 5,600 open-end investment companies or mutual funds, 470 closed-end companies and 11 sponsors of unit trusts. Its mutual fund members have assets of about $2.5 trillion, accounting for 95 percent of total industry assets, and have more than 38 million individual shareholders. Papesh, who is also president and director of the Composite Group of Funds -- portfolios with investments totaling more than $1.1 billion by some 85,000 shareholders -- will serve a three-year term.

Seneca Real Estate Group

Laurel Spelman has been named principal of the Seneca Real Estate Group, Inc. Spelman has 15 years experience in the commercial real estate industry. She has been responsible for the development of several major multi-family and mixed-use projects throughtout Puget Sound. Her previous positions include senior management roles at Intrawest Corp. and Cornerstone Development Company. She received her MBA from Stanford Graduate School of Business.

New president for IREM chapter

Jeff Powell, co-owner of Prime Locations Inc., a commercial and investment real estate company, has been elected 1996 president of the Institute of Real Estate Management (IREM), Western Washington Chapter. The IREM is a national organization representing professionals in property management throughout the United States.

Grubb & Ellis

Grubb & Ellis' Seattle commercial real estate office has named Michael V. Hillman to the Seattle Industrial Properties Division as a sales assistant. Hillman specializes in the leasing and sale of industrial properties in the Puget Sound region. Prior to joining Grubb & Ellis, Hillman was with Safeco Mutual Funds, Seattle. Hill graduated with a Bachelor of Arts Degree in Economics from the University of Washington.

RE/MAX

Cathy Jones and David Weeks Sales associates with RE/MAX Eastside Brokers Inc., Bellevue, have been named as Top Ten Producers for the pacific Northwest Region including Washington, Oregon, Idaho, and Montana.

Home Realty Services, Inc.

Home Realty, a group of established north end real estate firms, has been purchased by Home Realty Services, Inc. Floyd Fike is the founder of Home Reality and now president emeritus of the new corporation. Home Realty Services' President and Majority owner, Jim Fultz who owns two of the seven Home Realty offices says the firm hopes to begin franchise growth shortly.

GMAC Commercial Mortgage

The Seattle office of GMAC Commercial Mortgage Corporation has arranged $4,740,000 in permanent financing for the Union Park Apartments and $925,000 for the Villager Apartments. Union Park Apartments is an 84-unit midrise located at 1310 Minor Avenue, Seattle. Financing was arranged through Washington Square Capital by Joseph E. Kimm Jr. and Stuart W. Oswald. The Villager Apartments is a 30-unit, four-story complex located at 2700 NE 125th, Seattle. Ron E. Peterson arranged the financing through FHLMC.

Coldwell Banker goes On-line

At an October, western regional real estate conference in Indian Wells, Calif., Coldwell Banker demonstrated the Coldwell Banker On-Line Internet system, which, starting very soon, will make active listing information instantly available to home buyers and sellers. "For industry professionals, this system means that the information we work with will no longer be proprietary. Instead, the information will be readily available to a better-informed public, enabling us to focus more than ever on each client's unique needs." says Terry Miller, manager of the firm's Capitol Hill office.

Windermere

James Schirman has been named sales associate of the Windermere Real Estate's Bellevue Commons office. Schirman has practiced real estate since 1993, most recently with Resource Marketing in Bellevue. He earned his associate's degree from Renton Technical College.

Scholarships and awards

The four following Puget Sound area business have donated scholarship and award money to the Real Estate Program at North Seattle Community College: Dupre + Scott Apartment Advisors, Everett Association of Professional Mortgage Women, the Phoenix Mortgage & Investment Co., and the Foundation for Appraisal Education in Edmonds. The North Seattle Community College offers an Associate of Arts degree and numerous certificate programs in Real Estate.

Sensitive area workshops

The Master Building Association of King and Snohomish County will present two workshops on the King County Sensitive area code. The target audience will be home builders, Realtors, superintendents and interested building professionals. The first will be held on Nov. 14 and 15 ($149.00), at the Lake Wilderness Conference Center, Azalea Room, 23601 SE 248th, Maple Valley, Wash. The second will be held Nov. 30 ($79.00), at the Department of Development and Environmental Services Office, 3600 136th Pl SE, 2nd Floor Conference Room, Bellevue. For more information contact Jill Goodwin, Public Affairs Coordinator (206) 451-7920.

1995 Forecast Breakfast

The Institute of Real Estate Management (IREM), Western Washington Chapter announces its Tenth Annual Forecast Breakfast will be held Tuesday, Dec. 5, from 7:30 a.m. to 9:30 a.m. at the Belleuve Red Lion Inn, 300 112th Avenue S.E., Belleuve. The cost is $35. For more information contact Nancy LeMay at (206) 462-0635. The list of forecast speakers includes: John W Mitchell, U.S. Bancorp; Kim M. Allen, CPM, vice president and a principal of the R.J. Hallissey Company; Michael W. Scott, CRE co-owner of Dupre + Scott Apartment Advisors, Inc.; Suzanne Baugh, CPM, property manager and real estate broker with Wright Runstand & Company; Dan Durr, president and principal of First Western Properties and William G Williams III, CPM, vice president in charge of Equitable Real Estate's Pacific Northwest's Division Office in Seattle. E. Craig Suhrbier, president and CEO of SUHRCO Management, Inc., will be the moderator.