Nov 02, 2018

Russell Investments

Global asset manager Russell Investments hired Jennifer McPeek as chief financial officer. She has 25 years of experience with firms that include Janus Henderson, ING, McKinsey & Co. and Goldman Sachs, and will report directly to Chairman and CEO Michelle Seitz. Other recent executive-level additions at Russell include Rick Smirl (COO), Bob Hostetter (product strategy and development) and Gene Raffone (chief human resources officer).

HiTechnique

Executech, a provider of managed IT services and support across the Intermountain West, has acquired HiTechnique, an IT services provider in Spokane. Dan Shuler, HiTechnique's founder and CEO, and the rest of its employees will join Executech's team, and focus on expanding in Eastern Washington and Northern Idaho.

POSaBIT

Seattle-based POSaBIT has appointed Laurie Rosini as chief compliance officer. Rosini works on blockchain and cryptocurrency, advising clients on regulatory compliance and risks, and is a principal at Blakemore, Fallon, Garcia, Rosini & Russo and its consulting firm, Ketsal Consulting. She also worked at Perkins Coie in Seattle. POSaBIT is a financial tech company focused on blockchain payment processing and point-of-sale systems for cash-only businesses.

Nov 01, 2018

Versive

Seattle-based cybersecurity company Versive was bought by eSentire, a provider of managed detection and response services based in Ontario, Canada. Terms of the deal were not disclosed.

City of Kent

The city of Kent joined Green Direct, Puget Sound Energy's renewable energy program. The city will buy power for nearly all of its facilities from local renewable energy resources under the program.

Intracorp begins Ravenna88 sales

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Ravenna88 prices start at $695,880.

Intracorp will begin sales this Saturday at Ravenna88, which is under construction on the 3.6-acre former site of University Trailer Park. The first of 87 townhouses will be available in January. The sales center is at 2201 N.E. 88th St., just of Lake City Way, and opens at 11 a.m. Preregistration at Ravenna88.com is recommended. Homes will range from 1,410 to 1,784 square feet, with two to four bedrooms and attached garages. Prices start at $695,880. Intracorp's Christine Johnson said the area is close to shopping, dining and major employment centers. NK Architects designed the project. Intracorp acquired the site, once home to about 100 residents, last year for $9.7 million.

Len Psyk joins Panattoni

Psyk

Panattoni Development Co. has hired industry veteran Len Psyk as senior development manager. He makes the move from MUFG Union Bank, and has prior stints at Opus and Microsoft, where he managed the North American real estate portfolio. Panattoni is busy with Des Moines Creek Business Park, where the fully leased Phase IV is for sale, and it's also selling the fully leased Tacoma Gateway. It recently bought land for Phase II of Northwest Logistics Center in DuPont for almost $22 million, and is about to break ground there. Panattoni has developed over 14 million square feet in the region, and has 4.6 million square feet under development.

ISRD board election is Nov. 20

Two spots are open on the International Special Review District Board, and the election is set for 11 a.m. to 6 p.m. on Tuesday, Nov. 20 at the Bush Asia Hotel, 409 Maynard Ave. S. Contending for the business slot No. 3 are Lizzy Baskerville from Danny Woo Community Garden, ID property owner Tim Lee and Jody Olney of the Seattle Indian Services Commission. Running for at-large position No. 5 are: Matthew Chan, Kim Demarest, current board member Tiernan Martin, and Andy Yip.

SHA receives national awards

Seattle Housing Authority received a 2018 Award of Excellence in Administrative Innovation for its Specialized Maintenance & Repair Training program (SMART). The award is from the National Association of Housing and Redevelopment Officials. NAHRO also granted SHA awards of merit for customer service and lean public housing inspections programs. SHA has about 8,000 units at nearly 400 sites around the city, and serves about 34,000 people. Its Yesler Terrace site is being redeveloped in phases with various private partners, with about 600 new/replacement units, and another 2,000 in the pipeline.

Vector plans Tacoma distribution center

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Kirkland-based Vector Development Co. announced it will build the 78,000-square-foot Tacoma I-5 Distribution Center at 2519 S. 96th St. SynThesis Architects designed it, Pennon Construction will build it, and Kidder Mathews' Doug Klein and Laura Fox will market the space. Construction should begin in March 2019 and be finished by September. Vector's Tyler Litzenberger said in a statement, “We are interested in additional development projects and build-to-suit opportunities throughout Western Washington.” Vector is also planning projects in Covington and Tacoma that should break ground next year.