Sep 02, 2016

Seattle Southside

Seattle Southside has named Lisa Schwartz business development manager for the regional tourism authority. Schwartz has been involved in Washington state tourism promotion and served as a global marketing executive and account manager.

Women Business Owners

Women Business Owners will give the Nellie Cashman Award to one of five finalists on Thursday, Oct. 6, at an awards banquet in the Four Seasons Hotel in Seattle. October is Women's Small Business Month. Nellie Cashman, who died in 1925, operated a variety of businesses from British Columbia to Arizona that made her financially independent. Here are this year's finalists: Sari Davidson, BooginHead; Andrea Duffield, Mosaic Rehabilitation; Terry L. Jacobson, MD, RPh, FACP; Alissa Leinonen, Gourmondo Co.; and Nancy Lee Smith, Washington Liftruck.

Sep 01, 2016

Security Properties

Photo courtesy Virtuance [enlarge]

The 104-unit apartment building is in Denver’s Prospect neighborhood.

Seattle-based Security Properties has sold Diamond at Prospect, a 140-unit mixed-income apartment building in Denver’s Prospect neighborhood, for $20.5 million. Hamilton Zanze Real Estate Investments of San Francisco was the purchaser and CBRE Affordable Housing arranged the sale. The building has 98 units with income restrictions. Diamond at Prospect was built in 2004 and has averaged 96 percent occupancy over the last three years, according to CBRE. CBRE Affordable Housing and Andrew Behrens of CBRE’s San Francisco office secured $12.3 million in acquisition financing on behalf of the borrower. The 10-year fixed-rate loan was provided by Fannie Mae at 3.07 percent — CBRE’s lowest rate to date, the company said. CBRE Affordable Housing is a specialty group within CBRE Group.

29th Street Capital

Heninger

With its main offices in Chicago and San Francisco, 29th Street Capital is opening an office in Portland and expanding into the Northwest. Barry Heninger was named senior vice president of multifamily acquisitions for the Pacific Northwest, and will look for “value-add and opportunistic acquisition targets.” The seven-year-old firm has acquired 40 multi-family properties with over 6,800 units in 12 states. It also buys distressed debt and single-family properties.

Tarragon

Schwindt

Robert Schwindt, who previously owned and operated Yellow Iron Construction, has joined developer Tarragon. He has an executive MBA from the University of Washington, and will specialize in master planned communities.

WSCAR Education Day

Tuesday, Oct. 11 is the date for WSCAR’s annual Education Day. It will be at Pacific Tower, formerly Pacific Medical Center. Commercial real estate brokers can network and earn continuing education credits. Early-bird pricing of $135 for members and $130 for non-members runs through Sept. 11. Details and event registration: wscar.com and (800) 275-2522.

Weingarten Realty Investors

Weingarten Realty Investors has signed four new commercial tenants for the Whittaker, which is nearing completion in West Seattle. They are CityMD Urgent Care, MOD Pizza, BECU and T-Mobile. Weingarten’s Louis Wenger closed the deal, with JSH, First Western and Kidder Mathews representing the tenants. Whole Foods will anchor the Whittaker’s 70,000 square feet of retail space. Lennar’s seven-story complex will have 389 units and 594 underground parking spaces in two buildings, with phased openings to begin this fall. The project is named for local climber Jim Whittaker, the first American to reach the summit of Mount Everest (in 1963). The Whittaker’s website is livewhittaker.com

Lane Powell

Jeffrey M. Odom has rejoined Lane Powell as a shareholder in the Seattle office, and a member of the Litigation Practice Group. Odom has experience in complex litigation with an emphasis on commercial disputes, construction, toxic torts and product liability. He served as a judicial extern for Justice Robert Benham of the Supreme Court of Georgia and won the 2001 National Trial Advocacy Competition.

JND Legal Administration

JND Legal Administration, a management and administration company focused on class action, mass tort, corporate restructuring, government services and eDiscovery, has added Michael J. Hill to JND Corporate Restructuring as vice president. Hill was with Kurtzman Carson Consultants and was operations manager for the U.S. Bankruptcy Court in the Central District of California.