Jul 15, 2022

Columbia Sportswear

Columbia Sportswear's board of directors appointed Christiana Smith Shi to serve as a director and member of its audit committee. Shi is the principal at Lovejoy Advisors, an advisory services firm focused on digitally transforming consumer and retail businesses, which she founded in 2016. Previously, she served as president, direct-to-consumer at Nike from 2013 until 2016 after serving in various roles beginning in 2010. Shi serves on the board of directors, governance and people committee and compensation committee of Mondelez International, and also on the board of directors, compensation and human capital committee and risk committee of United Parcel Service.

NR Smith

Apella Capital, a financial advisory and wealth management firm serving individuals, families, and businesses, announced NR Smith and Associates, a registered investment advisor firm headquartered in Olympia, has joined the firm. NR Smith brings over $82 million in assets under management to Apella Capital. This is the second acquisition for Apella in 2022 and the first jointly with Wealth Partners Capital Group. NR Smith is a wealth management firm and CPA practice, providing clients with financial planning, portfolio creation, asset management, tax preparation and planning, and accounting services. This is Apella's thirteenth transaction to date. Apella is headquartered in Glastonbury, Connecticut and has thirteen offices around the country in Massachusetts, Rhode Island, New York, Georgia, Tennessee, Texas, Washington, Colorado, Oregon and California. The history of NR Smith & Associates goes back to 1941, when Elliot Spring offered accounting, tax services and bookkeeping systems to local loggers, timberland owners, and Christmas tree growers.

Cyemptive Technologies

Snohomish-based Cyemptive Technologies announced that Cyemptive CEO Rob Pike has been named “Cybersecurity CEO of the Year” by CEO Monthly as part of its Global CEO Excellence Awards 2022. Pike won the award for his leadership role in Cyemptive's development of Cybersecurity solutions to protect computing environments before or immediately following a compromise. Now in its sixth year, the Global CEO Excellence awards celebrate the CEOs who have shown tenacity and dedication to their business and colleagues over the past year. Nominees are assessed based on their accomplishments, reputation, and ability to illustrate commitment to their missions and values in business. Winners are determined based on information independently gathered by the CEO Monthly team and assessed by a panel.

City of Tacoma

The Tacoma Employees' Retirement System (TERS) is seeking applications for the resident member position on the TERS Board. Applications are due August 5, 2022. This is a three-year volunteer position, with an opportunity to be reappointed, for a Tacoma resident who is not employed by the city of Tacoma. TERS Board members are responsible for maintaining the financial health of the system and high quality service to its participants. Board meetings are held on the second Thursday of each month at the Tacoma Public Utilities building or in an online format. A defined benefit plan providing retirement benefits to city of Tacoma employees, TERS serves about 3,000 active members and 3,000 deferred and retired members. The TERS Board member application form, submission instructions and details on the TERS plan, are available at cityoftacoma.org/retirement.

Jul 14, 2022

Unpriced sale in Bellingham

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Institutional Property Advisors brokered both sides of a recent apartment sale up in Whatcom County, which recorded the transaction but not the price. The 112-unit Old Mill Village, on the west shore of Lake Whatcom, sold to an LLC associated with Investors Equity Group of Michigan. The sellers were Seattle investors who acquired the property in 2016 for almost $9.4 million. IPA's team consisted of Ryan Harmon, Nick Ruggiero, Philip Assouad and Giovanni Napoli. Harmon said of the Bellingham market, “Over the past few years, the city's diverse job base, strong in-migration and rising single-family home values let to strong apartment demand growth.” The complex was developed in 1976 and 1984 over 30 acres.

Lake Union Partners

Wong

Surdyke

Two experienced real estate pros have joined Lake Union Partners, the firm recently announced. Scott Surdyke joins the firm as senior development manager. A CPA, Kevin Wong will be assistant controller.

$67M loan for Mukilteo apartments

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Snohomish County hasn't yet recorded the sale, but CBRE announced that it recently secured a $67 million loan to recapitalize the 235-unit Bella Terra in Mukilteo. CBRE's Nick Santangelo, Matt Thorp and Rick Brody led the effort to obtain what it called a five-year, floating-rate, full-term, interest-only loan. CBRE says the new owners are Holland Partners Group and Principal Real Estate Investors. The last recorded sale came in 2016, for $70 million, to an LLC associated with Starwood Property Trust. Said Santangelo, “CBRE was able to source very accretive debt that fit the structure and needs of the sponsor's investment.”

Big lease up in Everett

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Latitude Development began a speculative industrial project last summer at the Port of Everett, on land it purchased for $4.8 million. Donovan Brothers was the general contractor and Nelson the architect, for Baywood Park. Now that 234,458-square-foot building has landed a single tenant, thanks to Broderick Group: OnTrac Logistics. Dave Kessler of Latitude said in a statement, “We are extremely pleased to be able to lease the entire building to OnTrac prior to completion, and help the Port bring significant new jobs to the city of Everett. We look forward to helping OnTrac occupy the building toward the end of the year.” Broderick's Steve Henderson, Connor Gilchrist and Rawley Holmberg led the leasing effort.

MultiCare

James Lee has joined MultiCare Health System as executive vice president of population-based care and chief financial officer. Bringing 30 years of experience in health care, Lee will lead MultiCare's population-based care strategy and oversee financial performance. For 17 years, Lee served as executive vice president and chief financial officer for Adventist HealthCare in Gaithersburg, Maryland, before transitioning to the role of chief strategy and growth officer. While at Adventist, Lee introduced employee wellness programs that aimed to identify health issues early and facilitate timely care. Lee also worked for more than a decade to bring a new hospital to a Maryland community in need of a modern health care facility. Prior to Lee's tenure at Adventist, he focused on improving operations at several hospitals and health systems by reducing length of stay and enhancing provider practice management. Lee's educational background includes a bachelor's degree from the Sao Paulo School of Business Administration in Brazil and master's degrees in public health and health administration from Loma Linda University in California. MultiCare is a not-for-profit health care organization with more than 20,000 team members, and is the largest community-based, locally governed health system in the state of Washington.

ZoomInfo

Vancouver-based ZoomInfo, a software, data and intelligence firm, has hired Bryan Law as chief marketing officer. Law will lead ZoomInfo's marketing organization and will prioritize driving demand and supporting company growth, enhancing ZoomInfo's brand awareness, and expanding ZoomInfo's thought leadership. Law brings two decades of leadership experience from his time at Salesforce, Tableau, Rackspace, Google, and Monitor Deloitte. Most recently, he served as senior vice president, marketing and general manager of eCommerce at Salesforce, which he joined through the company's acquisition of Tableau. He held a similar role at Rackspace after initially leading strategy and serving as chief of staff to the CEO. Law began his career in strategy, first as a consultant and then as part of the leadership for Google's central strategy team focused on sales, marketing and partnerships.

Rent-A-Center

Rent-A-Center is opening a new store at 1620 Plaza Way in Walla Walla. The grand opening will be on July 16, with Randal Whitsitt as store manager. As a part of Rent-A-Center's mission to give back to those in need, the new store will contribute $1,000 to Blue Mountain Action Council, a local organization dedicated to delivering services and support to poverty-stricken neighbors in Southeast Washington and building stable and thriving communities. Rent-A-Center operates 36 locations in Washington. Rent-A-Center is a provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of durable goods including furniture, appliances, electronics and computers.

SeekOut

Bellevue-based-SeekOut, an enterprise talent optimization platform, has hired Claire Fang as chief product officer. Fang was recently the chief product officer for the EmployeeXM product line at Qualtrics. Throughout her career, she has held various product leadership positions in the tech industry, including leading the business platform product team at Facebook, building and growing Microsoft's cloud platform Azure, consulting experience at McKinsey, and overseeing all product development efforts at a drone startup, eHang. In her new role, Fang will be responsible for product strategy and leading teams to deliver the full suite of talent optimization offerings, including talent acquisition and internal talent solutions. SeekOut has spent the past few months investing in expanding its leadership team. The company has brought on Sam Shaddox as VP of legal, Dailah Lester as VP of revenue operations, and Jana Morrelli as VP of customer success.