Jan 08, 2021

Liberty Bank

Liberty Bank has named Andy Leikin as its new chief credit officer, overseeing credit operations at the bank's locations in Poulsbo and Bellevue. Leikin has served in multiple roles, including bank vice president, senior vice president, credit administrator and relationship/portfolio manager with HomeStreet Bank, Fortune Bank, First Sound Bank, and PNC Bank.

Mobile Tech

Hillsboro, Oregon-based Mobile Tech (MTI), a provider of retail security, smart retail and global services, announced the promotion of Mary Jesse to serve on MTI's Board of Directors and as the company's chief executive officer. Jesse is the first woman to serve on the company's Board of Directors, and has been chief operations officer since February 2020.

Alpine Immune Sciences

Alpine Immune Sciences, a clinical-stage immunotherapy company focused on developing treatments for cancer and autoimmune/inflammatory diseases, announced the appointment of Pamela Holland, Ph.D., as senior vice president, research. Holland is an experienced cancer biologist, and most recently served as vice president, cancer biology at Surface Oncology. In addition, Remy Durand, Ph.D., currently senior vice president of business development and corporate strategy, has been promoted to chief business officer.

Stoel Rives

Stoel Rives announced nine of its attorneys were promoted to the partnership effective January 1, 2021, including three in the firm's Seattle office. The new partners in Seattle are Rachel Groshong, Sallie Lin and Christopher Wall. Groshong serves as chair of the firm's transportation subgroup of the consumer products, manufacturing, and transportation industry group. Lin is an attorney in the real estate group advising clients on a wide range of matters, including financing, leasing, acquisitions, and partnerships. Wall manages all aspects of employment litigation, with a focus on class actions, wage cases, and pay equity matters. Stoel Rives operates in seven states and the District of Columbia.

Jan 07, 2021

Lane Powell

Lane Powell has elected seven new shareholders and promoted three attorneys as counsel to the firm's Portland and Seattle offices. The new shareholders in the Seattle office are Callie Castillo, Brett Durbin, Qingqing Miao. Julie Seidenstein and Taylor Washburn. New shareholders in the Portland office are Christine Thelen and Cozette Tran-Caffee. New counsel to the firm are Bret Finkelstein and Paul Spatafore in Seattle and Rishi Puri in Portland.

Amazon

Amazon announced that it is expanding its fleet with the first-ever purchase of eleven Boeing 767-300 aircraft. The purchases include seven aircraft from Delta and four aircraft from WestJet. The four aircraft purchased from WestJet are undergoing passenger to cargo conversion and will join Amazon Air's network in 2021, and the seven aircraft from Delta will enter the air cargo network in 2022. The company will continue to rely on third-party carriers to operate these new aircraft. Amazon Air was launched in 2016.

Cigna

Seattle resident Dr. Gjanje Smith has been selected to represent Cigna by participating in the CEO Action for Racial Equity fellowship – working alongside 500 fellows from companies and business organizations from around the world to address racial injustice at national, state and local levels. In this one-year, full-time fellowship, Smith will work together with other fellows to identify, develop and promote scalable and sustainable public policies and corporate engagement to address societal systemic racism and social injustice, and improve societal well-being. Smith is a medical director of urology supporting Cigna's clinical performance and quality team.

TMR lands $24M refi for Albuquerque units

[enlarge]

Local firm Thayer Manca Residential announced the recent refinancing of its 200-unit Ottavo Apartments in Albuquerque. The $23.9 million Fannie Mae loan came via Orix. It carries a 2.81% rate. The loan follows $4 million in recent renovations and upgrades. Joe Manca said in a statement, “It is a big testament to our incredible team who challenged the norm and performed under pressure to allow this timely refinance to happen. Steady Greystar leadership, energetic and competent onsite staff and loyal vendors give us confidence that we can achieve big results in Albuquerque.” Ottavo was purchased under a different name in 2018; TMR also owns two other multifamily properties in that city, both also recently acquired, which have 544 units.

SEED

Seiwerath

SouthEast Effective Development says that Michael Seiwerath will be its next executive director. He makes the move from Community Roots Housing (formerly Capitol Hill Housing). SEED board president Krista Holland said in a statement, “We are extremely excited to welcome Michael to SEED, and believe he will infuse new energy and leadership into the organization as we continue serving our Southeast Seattle community.” Seiwerath added, “SEED is an absolutely vital organization working at the intersection of affordable housing, arts, and economic development.” The nonprofit was founded in 1975; today it owns 1,135 units in several properties including the recently completed Spokane at Rainier Court, an affordable senior community in the Rainier Valley. It also manages Rainier Arts Center, Columbia City Gallery and other arts and cultural programs.

M&T provides $3M HUD loan for nursing home

Schneider

Roach

M&T Realty Capital Corporation announced that it last fall secured a refinancing loan for the St. Anne Nursing & Rehabilitation Center, in the Meadowbrook neighborhood in North Seattle. The approximately $3.1 million was secured via the national mortgage insurance program (Section 232) of the U.S. Department of Housing and Urban Development. The non-recourse loan carries a fixed rate of 2.68%, with a fully amortizing loan term. The funding was secured by Madeleine Roach and Jim Schneider; the latter said in a statement, “We are thrilled to see this product work so well locally. We will see many more HUD-insured seniors housing and market-rate multifamily debt being placed in Seattle. Said Roach, “We initiated this transaction shortly after COVID-19 broke out in Kirkland, and had concerns about the risks associated with the pandemic. Our team worked closely with HUD and with the borrower to design strong mitigants to the perceived risks.” The 47-bed facility dates to 1954; St. Anne acquired it 20 years ago.