Sep 23, 2011

Fearey Group

The Fearey Group has hired Josh Chaitin as senior vice president. He has more than 20 years of experience in one of Fearey's key focus areas: real estate and sustainability. Chaitin has worked in the public, nonprofit and private sectors. He joins the Executive Team.

Life Care Center

Life Care Center of West Seattle, a nursing and rehabilitation facility, hired a new executive director: Danni Orne. Orne was executive director at Alderwood Manor in Spokane and has more than 12 years of experience. She once served at Life Care Center of West Seattle as social services director.

Fortune Bank

Fortune Bank of Seattle opened an Eastside office in Bellevue at 10655 N.E. Fourth St. This is the first new branch for Fortune, which opened its Seattle location in December of 2006. The office will be managed by Cheryl Gunderson, with Chuck Brockway, George Brace and Patti Kelly on staff.

Sep 22, 2011

Banner Bank

Banner Bank has added three new retail branch managers. Roy Slack is vice president/Bellevue Center retail branch manager and has seven years of banking experience. Eric Scroggins is vice president/Redmond retail branch manager and previously worked for KeyBank, Wells Fargo and US Bank. Samual Sim is assistant vice president/Federal Way retail branch manager and has 10 years of experience in the financial industry.

Ryan Swanson Law

Ryan Swanson Law hired Shannon Lawless as a new associate in the Litigation Group. Lawless recently completed a clerkship with Justice Mary Fairhurst of the Washington State Supreme Court and worked at Ryan Swanson as a summer associate.

CB Richard Ellis

Rendering courtesy CBRE [enlarge]

The Parkview project is in Olympia.

CB Richard Ellis, through its direct HUD FHA lender CBRE HMF, completed construction financing for Parkview Apartments, a 72-unit complex in the Briggs Village project in Olympia. The $9.1 million non-recourse loan provides an interest-only construction period of 15 months with a 40-year, fully amortizing permanent loan. ADC Real Estate Group Ltd. of Calabasas, Calif., is the developer of Briggs Village. It will have single-family houses, a commercial center, park and arboretum on 137 acres. BCRA is the architect and High Country Contractors is the general contractor. CBRE HMF also completed refinancing for Wedgewood Estates, a Seattle Housing Authority property. The $16.7 million non-recourse, 35-year, fully-amortizing loan was originated by John Taylor of the Seattle CBRE HFM office.

Grubb & Ellis

Raicht

Grubb & Ellis promoted certified green/sustainability broker Patricia Raicht to vice president, regional director of Research & Marketing. She is based in Portland, and oversees research and marketing for offices in Seattle, Denver and Sacramento. She has been with the company since 1996.

Fairplay

Kirkland-based real estate company Fairplay said it ranks 398th on Inc. magazine's 5000 list, based on percentage revenue growth from 2007 through 2010. Fairplay said its revenues rose 857 percent by financing the purchase of distressed properties. Fairplay makes bridge financing available to customers who meet requirements, and works on non-distressed real estate deals and property management.

NBS Financial Services

Patterson

Andrew Patterson of Norris Beggs & Simpson Financial Services in Seattle won a NAIOP award for developing leaders. He works on underwriting for commercial real estate loans.

Marcus & Millichap

Marcus & Millichap made InformationWeek's list of the nation's 500 best users of business technology. The company said it was honored for mobile apps, web pages and sustainability measures that save money. Dan Swanson, a broker in the Seattle office, represented the buyers of Calvary Temple Apartments at 844 N.E. 69th St. in Seattle. The 20-unit property sold for $2.1 million. The property had come out of a subsidized HUD contract and was transitioning to market rate. More units can be developed on the site. Records list the buyers as Jarrett Johnson of Medina and Brad Lovering of Clyde Hill. Calvary Christian Assembly was the seller.

City offers energy workshop

There will be a free workshop for building owners and property managers about the city of Seattle's building energy benchmarking and disclosure ordinance. The half-day class is at 12:30 p.m. Sept. 29 at Green River Community College's Tech Center, 12401 S.E. 320th St. in Auburn. The Northwest Energy Efficiency Alliance/BetterBricks and the city are holding the class. Register at http://tiny.cc/xbqir.