Feb 28, 2020

Carney Badley Spellman

Summerfelt

Todd Summerfelt retired as COO at law firm Carney Badley Spellman. Summerfelt had been with the firm for 35 years. He also served as president of the Rotary Club of Seattle and president of the board of The Salvation Army.

Meketa Investment Group

Meketa Investment Group hired Orray Taft as a consultant/risk manager in its Portland office. Taft has 20 years of financial and consulting experience. He previously was an associate consultant at R.V. Kuhns & Associates and served for more than a decade with the Federal Reserve Bank of New York.

KING FM

Classical music station 98.1 KING FM is the newest resident of the Opera Center at Seattle Center. KING's new home is on the second floor of the building. Its old home of 20 years was near KeyArena, which is undergoing an extensive renovation. KING signed a long-term lease for the new space with Seattle Opera.

Craft Brew Alliance

In Portland, Craft Brew Alliance shareholders approved an agreement to merge with Anheuser-Busch. The deal, expected to close this year, allows Anheuser-Busch to buy the remaining CBA shares it does not already own for $16.50 per share in cash. CBA is a craft brewer consisting of Kona Brewing Co., Appalachian Mountain Brewery, Cisco Brewers, Omission Brewing Co., Redhook Brewery, Square Mile Cider Co., Widmer Brothers Brewing and Wynwood Brewing Co.

Feb 27, 2020

Keller Williams adds new broker

Keller Williams announced the recent hiring of broker Miles Cohn, who makes the move from Realogics Sotheby's International Realty. KW's Angie Mykel said in a statement, “Miles is a true collaborator. His experience with investment properties is valuable, he's got great insight to the market.”

REIT says it loaned $35M to restart project

After construction stalled in 2018 on the 186-unit Hailey in downtown Tacoma, original developer HQC USA LLC and new partner Cypress Equity Investments were able to restart the project last fall. Now we know the source of financing for the U.S. arm of Vietnamese conglomerate Hoang Quan Group.

Miami-based 3650 REIT announced that it provided a $35 million loan to complete the project, which was designed by Studio19 Architects and is being built by Rush Commercial. Completion is expected in early 2021. Matt Fisher of JS Coats Capital brokered the deal.

HQC's Peter Truong said in a statement, “The Hailey's prime location directly adjacent to the Tacoma Public Library in the center of downtown made it an especially attractive investment opportunity.”

Promotion, spate of new tenants for Bridge

Hurwitz

Bridge Development Partners has leased over 207,000 square feet to four tenants, the company announced. They are: Reflexxion Automotive Products, with 33,476 square feet at Bridge Point Lacey; A&E Relocation Services, with 44,528 square feet lease at the same facility; Palmer Johnson Power Systems, with 31,859 square feet at Bridge Point Sumner 60; and Spicers Paper, with 97,522 square feet at Bridge Point Kent.

In addition, Bridge has promoted Andrew Hurwitz to senior director; he'll now oversee all leasing, acquisitions and development.

Sidor appointed to state commission

Sidor

Kidder Mathews announced that its Stan Sidor has been appointed to a six-year term on the Washington State Real Estate Appraiser Commission. That commission advises the state Department of Licensing and the state Legislature. The industry veteran and valuation expert also leads the local chapter of the Appraisal Institute.

Carney Badley Spellman

In Seattle, Carney Badley Spellman elected Scott Penner as vice president of the Litigation Department and Mark Rosencrantz as a shareholder; and hired Haiyan Tao as an associate attorney. Penner focuses on construction law, design professional defense, insurance coverage, and subrogation and litigation. Rosencrantz solves business and commercial disputes, with an emphasis on trade secret misappropriation, violations of non-compete agreements, fraud, bankruptcy, unfair trade practices, partnership and corporate disputes, and construction law. Tao focuses on corporate matters for startups and emerging companies, often assisting with entity formation, securities filings with the SEC and state regulators, and drafting corporate documents.

Seattle Art Museum

Dr. Chiyo Ishikawa, Seattle Art Museum deputy director of art and curator of European painting and sculpture, will retire this summer. Ishikawa joined the museum in 1990 as a half-time assistant curator of European painting and became a full-time employee in 1993. She was promoted in 2005 to deputy director of art. She also is an adjunct professor in the School of Art History at the University of Washington. SAM is searching for a replacement.

Doxo

Seattle-based online bill paying service Doxo hired Scott Scazafavo as vice president of product management. Scazafavo has nearly two decades of experience leading product and program management teams in industries spanning e-commerce, subscriptions and payments, online media, digital retail and health care. He was a senior level product management consultant in the Retail Technology Division at Starbucks. He also held leadership roles at Digital River, Microsoft and Allrecipes.

T-Mobile

Bellevue-based T-Mobile recently held its Changemaker Challenge and decided to award the grand prize to the winners of all three categories in the contest. Changemaker Challenge is a nationwide search for youth ages 13-23 with big ideas on how to change the world. Thirty teams attended a three-day lab at the company's headquarters and three came out on top: Ava (technology), Stories Untold US (education) and Youth Climate Action Coalition (environment). Ava is a video game that helps neurodiverse youth apply social skills in a safe and accessible space. Stories Untold provides a platform and voice for those affected by gun violence. Youth Climate Action Coalition helps schools become more sustainable through low-flow water faucets and composting. Each of the winning teams will get $10,000 in seed funding for their project and a return trip to T-Mobile for more mentoring.