Jun 09, 2011

KeyBank

KeyBank hired Antoinette Harkess to manage the new branch in Kenmore at 7830 N.E. Bothell Way on the site of a former restaurant. It is expected to open in August, with a grand opening event in September. Harkess has worked at KeyBank since 2008 and has managed Crossroads, Lynnwood and Silverlake locations.

Nautilus

Vancouver-based fitness company Nautilus hired Bruce Cazenave as CEO and named M. Carl Johnson the non-executive chairman of the board. Edward Bramson relinquished his role as CEO and chairman of the board, resigning in late May. Cazenave has 20 years of senior executive experience and was vice president/general manager at Black and Decker.

Island Inn at 123 West

The Island Inn at 123 West hired Scott Hale as chief experience officer for the new inn on San Juan Island. Hale was director of inns and resorts for Columbia Hospitality. The Inn at 123 West is in Friday Harbor. It has seven penthouses and six guest rooms, and should hold its grand opening July 4.

Paragon and Windermere

Photo courtesy of Paragon [enlarge]

University Heights Apartments, a former frat house, sold for $1.2 million.

David Petersen, Eric Smith and Ryan Iles of Paragon Real Estate Advisors represented the seller of a 16-unit apartment building called University Heights at 2211 N.E. 50th St. in Seattle.

Matthew Townsend of Windermere represented the buyer, Darren Gillespie of Property Pro LLC of Shoreline. The seller was Edward Carlstrom of Sarasota, Fla., manager of Carlstrom Family LLC. The price was $1.2 million.

Paragon said the new owner plans an extensive renovation of the 1910 building. Paragon representatives said it was on the market just a few days before they received an all-cash offer.

ValueAppeal

Officials from ValueAppeal, an online property tax appeal service for homeowners, say they've raised $1.6 million, mostly from existing investors, for new hires and larger space in Seattle. Joe Baldwin of CB Richard Ellis is ValueAppeal's broker and is finalizing a lease. ValueAppeal CEO Charlie Walsh says the technology helps homeowners quickly create an appeal, saving an average of $839 a year.

Colliers International

Seattle-based Colliers International named Karen J. Whitt chief operating officer of Real Estate Management Services. Colliers manages nearly 1 billion square feet of space around the world. Whitt was president of Property Management/Strategic Accounts for Grubb & Ellis, and is based in Washington, D.C.

Marcus & Millichap

George Miller of Marcus & Millichap represented King County Housing Authority in buying the nine-unit Kirkland Place apartments at 421 Seventh Ave. in Kirkland. The price was nearly $1.23 million. Records list the seller as Kirkland Place Apartments LLC, whose managing member is Larry Knudsen of Bellevue.

TOD webinar June 21

The Center for Transit-Oriented Development and the Federal Transit Administration are offering a 90-minute webinar called Understanding Mixed-Income Transit-Oriented Development at 11 a.m. June 21, geared toward planners, housing advocates, and transit and transportation agencies. A tool will be introduced to help communities encourage mixed-income TODs. Register at http://tiny.cc/5sahu.

NAIOP looks at sustainable projects

NAIOP will host a roundtable discussion about building and marketing sustainable projects at 7:30 a.m. June 23 at West 8th in Seattle. Panelists will talk about their projects and how they will affect future developments. Panelists are Martha Barkman and Emi McKittrick of Harbor Properties; Shawn Parry of Touchstone; and David Abbott of Pacific Real Estate Partners. Register at naiopwa.org.