Sep 25, 2020

Key Family Wealth

Ken Kilbreath has joined Key Family Wealth as a wealth strategist and senior vice president for the West Region. He will be based in Key Private Bank's Seattle office. Previously, Kilbreath served as a wealth advisor at Wells Fargo, and prior to that was an estate planning attorney with Inslee Best Doezie & Ryder. Key Family Wealth, am arm of Key Private Bank, specializes in serving first generation entrepreneurial business owners.

Cyemptive Technologies

Cyemptive Technologies, a provider of pre-emptive cybersecurity products and technology, named former Hitachi and Hewlett Packard executive Lynn McLean as senior vice president of sales. McLean brings more than 35 years of experience in high technology sectors, most recently at 3D Systems. McLean served as the vice president of partner development for MTM Technologies, and spent more than eight years with Hewlett Packard. Founded in 2014, Cyemptive is the winner of the Department of Homeland Security's Border Security Technology Consortium competition for most innovative border security-related solution.

Attunely

Seattle-based Attunely announced it has received $9 million in financing. Investors include: Framework Venture Partners, Anthos Capital, Vulcan Capital, and additional independent investors. Andrew Lugsdin, partner at Framework Venture Partners, will join the Attunely board of directors. Attunely offers a machine learning platform for recovery of receivables.

Sep 24, 2020

State of Washington

The state Salmon Recovery Funding Board announced that Jeff Breckel will be the new chair of the board. Before joining the board in 2016, Breckel served for 18 years as the executive director of the Lower Columbia Fish Recovery Board. He also served as a charter member of the Lead Entity Advisory Group, and as past chair of the Council of Salmon Recovery Regional Organizations. He currently co-chairs the state Salmon Recovery Network. Breckel will replace retiring Phil Rockefeller who has been a member of the Salmon Recovery Funding Board since 2011 and chair since 2019.

Lighter Capital

Lighter Capital, a fintech lender to tech startups, announced that it has appointed Melissa Widner as its CEO. Widner brings experience from the technology and finance sectors, both as an investor and startup founder. Prior to joining Lighter Capital, she served as the managing partner at NAB Ventures, the venture capital arm of the National Australia Bank. Widner was also a general partner at Seattle-based venture capital firm, SeaPoint Ventures.

Banner Bank

The Banner Bank executive leadership team announced the retirement of Richard Barton, executive vice president and chief credit officer. Jill Rice, currently executive vice president and senior credit officer, will assume the role of chief credit officer. Rice joined the Bank in 2002, first as a regional credit risk manager, then as senior credit officer. Earlier this year Rice was promoted to executive vice president, Banner Bank is a subsidiary of Banner Corporation, headquartered in Walla Walla.

Trammell Crow

Cantlin

The Seattle office of Trammell Crow Co. announced the recent hiring of Alan Cantlin as senior VP. Besides developing office buildings, he'll be part of TCC's multifamily arm, High Street Residential. (Remember: Trammell Crow Residential, or TCR, is an entirely separate company.) Twenty-year industry veteran Cantlin makes the move from Madison Development Group. TCC's Mike Nelson said in a statement, “With experience in both office leasing and development, Alan's background and vast professional network will be crucial as we continue working on projects like the Boren Office Lofts in the Denny Triangle neighborhood of downtown Seattle.”

Greystone gets $14M for Lake City senior units

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Greystone, of New York, announced that it has secured a $13.9 million HUD-insured loan to refinance the 80-unit Savoy at Lake City. Greystone's Shana Daby and Lorie Hanson arranged the fixed-rate, non-recourse loan, which has 40-year term and amortization. Daby said in a statement, “Our expansive HUD lending platform and deep market expertise enable us to deliver the right terms — which, in this case meant significantly reducing annual debt service.” That five-story affordable senior housing project is owned by an EB-5 investor fund led by Steve Smith, and was completed in 2017. Smith said in a statement, “We couldn't be happier with the end result, and we look forward to working with Greystone on our other portfolio properties.” The Savoy project began in 2008, got its master use permit in 2010, then ran into financing difficulties owing to the great recession. HUD money and Federal Housing Administration financing were also part of the original capital stack, arranged by CBRE in 2015.

Graphite Art Studios underway in Edmonds

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Architect Pelletier + Schaar, of Stanwood, said that its Graphite Art Studios project broke ground in July. Artist, owner and client Mary Olsen commissioned the one-story, 11,135-square foot project at 202 Main St. in Edmonds, about three blocks inland from the ferry terminal. Completion by Ryan General Contractors is expected sometime next spring. The project will feature nine artist studios, large central common studio, ceramics studio, gallery space, flex spaces, small offices and a cafe with a large terrace. Olsen said in a statement, “I want Graphite to be an access point, facilitating teachers, providing re-sources and guidance to teachers that will better enable them to bring art into their classrooms.” A possible Phase II for the project, according to city records, could have a two-story building at 117 Second Ave. S. with eight apartments over commercial space and parking.

URG lands new tenant on Bainbridge

Joshua Green Corp. owns Island Village Shopping Center, on Bainbridge Island. And it's there at 1050 Hildebrand Lane N.E. that Bainbridge Island Bargain Boutique relocated last month into an old 3,340-square-foot retail space. Urban Renaissance Group, which is majority owned by Joshua Green, manages the complex. URG says the 53-year-old nonprofit, whose sales benefit Seattle Children's, is run entirely by volunteers. Boutique manager Robin Denis said in a statement, “Given our adjacency to other quality shopping and easy vehicular access directly off of Highway 305, we think this new location at 1050 Hildebrand is a perfect fit.” Several staff members at URG live on Bainbridge, the company said. Island firms Wenzlau Architects and Toilsome Construction revamped the building for the boutique. The building's other tenant is pet store Paws & Fins. Joshua Green bought the retail complex in 2001 as part of a $15.6 million Bainbridge portfolio sale.

Porch adds to board before it goes public

Local startup Porch, an online platform for residential real estate services including home repairs, plans to go public in the fourth quarter of this year. The local firm will merge with publicly traded PropTech Acquisition Corp. of Los Angeles, which will then take Porch's name. As part of the planning, PTAC valued Porch at $523 million. And Porch just named five new members to its board: Javier Saade, Chris Terrill, Regi Vengalil, Margaret Whelan and Thomas Hennessy, the co-CEO of PTAC. Porch co-founder and CEO Matt Ehrlichman will then become chairman of the new nine-member board, effective when the company shares start trading. Ehrlichman said in a statement, “We are looking forward to this diverse and accomplished board, along with our partners at PropTech, to facilitate a smooth transition to becoming public, set strategy and maximize our pathways to create shareholder value.” Porch launched in 2013, has been through several rounds of private funding, and says it now reaches two out of three U.S. homebuyers every month. The platform offers access to over 11,000 vendors.