Nov 10, 2022

Ultra Safe Nuclear

Superfin

Alexander Superfin joined Ultra Safe Nuclear as senior vice president, project development. Superfin will drive progress on projects including site characterization, site-specific engineering, and ensuring nuclear plant license applications are submitted to nuclear regulators globally. He brings 40 years of experience in the energy and infrastructure sectors, managing large projects in North America, Middle East, Central and Eastern Europe, Russia and Central Asia. Superfin's previous role of nuclear power president at Worley involved development and oversight of nuclear projects globally, including consultancy and engineering for new-build large nuclear power plant projects and Small Modular Reactors. Ultra Safe Nuclear is headquartered in Seattle.

Mutual of Enumclaw

Sinkus

Titus

Mutual of Enumclaw, a Washington-based insurance carrier, expanded its executive team with the addition of two leaders in the company's Underwriting and Client Services divisions. As chief member experience officer, Jerel Titus brings 25 years of insurance industry experience. He will be responsible for overseeing Claims, Marketing and Member Services. Jerel most recently served as vice president, operations at Prudential Financial. As Mutual of Enumclaw's newly appointed chief underwriting officer, Nick Sinkus brings more than 18 years of experience in the insurance industry to his new role overseeing enterprise-wide underwriting and product organization across the Personal, Commercial and Farm lines. Sinkus most recently served as vice president, personal lines at Mutual of Enumclaw. Prior to joining Mutual of Enumclaw, he served in various roles at Travelers. Mutual of Enumclaw operates in Washington, Oregon, Idaho, Utah, Arizona, Wyoming and Montana.

SirionLabs

Bellevue-based SirionLabs announced that contract automation platform Zendoc has joined the Sirion team. This expansion further deepens Sirion's commitment to the applications of artificial intelligence in enhancing contract lifecycle management (CLM) as a category. Through the Zendoc acquisition, Sirion is also establishing a Center of Excellence (CoE) in Nice, France, located in the heart of the region known as the European Silicon Valley. This new European CoE joins a recently established Sirion CoE in Toronto as the company continues to scale up just months after its $85 million Series D funding round in May led by Partners Group. Zendoc's co-founder and CEO Laurent Lathieyre will assume the role of Sirion's head of post signature applications.

Aegis launches new development arm

Aegis Living is already a prolific developer of senior housing projects in our state, California and Nevada. Now it's going to lend its expertise to other developers with its new Aegis Development division. Founder and CEO Dwayne Clark said in a statement, “A key part of this mission, and our success, is the purpose-built development and design process we deploy for each new building. We have been asked to share these best practices for years, and I am excited to see Aegis Development help others create the high-quality housing and care environments seniors need and deserve.” The main company's Adam Clark, Brian Palmore and Jeanna Korbas will be prominent in the new advisory arm. Meanwhile, now under construction, Aegis projects in Ballard and at Five Corners (near Laurelhurst, pictured) are both expected to open in early 2024. Aegis now has three dozen communities in its portfolio.

Urban Renaissance Group

Leedom

Urban Renaissance Group recently announced that Bill Leedom will join the firm as senior development manager. He makes the move from Talon Private Capital, where he was closely involved with its Kirkland Urban project. His new role will also overlap with Touchstone, a subsidiary of URG. Joe Polito of Touchstone said in a statement, “Many of us at URG have known and worked with Bill over many years. His experience allows us to immediately plug him into our existing development pipeline and grow that pipeline.”

Shakeup at Broadmark

Brian Ward joined Broadmark Realty Capital in February as CEO and a member of the board. (He then made the move from Trimont Real Estate Advisors.) And now, quite unexpectedly, he's out. Jeff Pyatt is reclaiming his prior role as CEO on an interim basis. The company's David Karp said in a statement, “We thank Brian for his contributions to Broadmark, and we wish him much success in his future endeavors.” He further cited “rapidly changing economic forces in and around our industry.” A new CEO search effort is already underway. Also on an interim basis, Kevin Luebbers will serve as president. And on a permanent basis, Jonathan Hermes will be promoted to CFO next month.

JLL arranges over $34M construction loan

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Developer Great Expectations and Jackson Main Architecture are planning the 199-unit Cornus House in Downtown Tacoma. Through an LLC, the developer acquired the corner property at 2502 Pacific Ave. two years ago, paying about $670,000. Now JLL has announced that its capital markets team recently landed a $34.8 million construction loan for the project, which will be built by Rush. JLL's Kaden Eichmeier and Jake Davidson secured the financing, from an unnamed national bank and an LLC associated with Stonehill Strategic Capital of Atlanta. The latter money comes as a PACE loan; that acronym stands for Commercial Property Assessed Clean Energy. Eichmeier said in a statement, “The development will also be utilizing the newly approved PACE program from Pierce County, a program built around incentivizing energy-efficient development and investment.” Completion is anticipated by the fall of 2024, on a site that's a few steps from Tacoma Link (aka the T Line) and Tacoma Dome Station, which is served by the Sounder train.

Kamin moves to USG Realty

Alternative investor USG Realty Capital is based in Santa Barbara and Silverdale. The firm announced earlier this month that Audrey Kamin, whose eponymous consulting firm is based in Tacoma, will lead its independent advisory board and become the director of business development. USG founder Greg Genovese said in a statement, “Audrey is an industry colleague that I've known and admired for many years, and she is one of the most respected capital markets professionals in the alternative investment industry. Audrey's experience and expertise will be all-important in helping us establish ourselves on more equity placement platforms.” Kamin has three decades' experience in the field. She said in a statement, “It is very important to me to work with product sponsors like USG Realty Capital who put their clients first.”