Jun 30, 2023

Madrona

Kummert

Nelson

Alhadeff

Madrona appointed three venture partners to its team of investors. As venture partners, Loren Alhadeff, Mark Nelson, and Ted Kummert support Madrona's portfolio companies as they build, scale, and navigate a company's growth. Venture partners also work with the investment team on new companies and technologies. Alhadeff joins Madrona after 14 years leading the sales organization at DocuSign, most recently as COO. At Madrona, he works with portfolio companies on go-to-market strategy, developing sales teams, field leadership, and executive development. Nelson moves from a strategic director to a venture partner at Madrona. Most recently CEO of Tableau, he is a product and engineering leader, and has been part of the leadership team through two significant acquisitions, Tableau by Salesforce and Concur by SAP. In his new role, Nelson will work directly with portfolio companies and the investment team to identify new companies. Kummert returns to Madrona as a venture partner. An experienced product and engineering leader, he most recently served as the chief product development officer at UiPath and held a similar leadership role at Apptio. During his tenure at both companies, they each had a successful IPO. Kummert first joined Madrona a decade ago, coming directly off of 23 years at Microsoft as a corporate vice president, which ended with a 6-year tenure leading the SQL Server business. Madrona is a venture capital firm based in Seattle, with over 25 years of investing in early-stage technology companies.

Smartsheet

Shipchandler

Bellevue-based Smartsheet, an enterprise platform for work management, appointed Khozema Shipchandler to its board of directors. He will also serve on the board's Audit Committee. Shipchandler's experience focused on growing and scaling global digital businesses and communities. Currently, he is president at Twilio Inc. With over 25 years of experience, he has served as Twilio's chief operating officer and chief financial officer, as well as in a variety of financial roles at General Electric, across Industrial Internet, Aviation and Corporate Audit, in the U.S., Middle East and Singapore. Khozema earned his bachelor's degree from Indiana University Bloomington and completed graduate coursework at The University of Chicago Booth School of Business.

Laird Norton Wealth Management

Laird Norton Wealth Management (LNWM), along with partner firm Wetherby Asset Management (WAM), opened a new office in the Philadelphia area. The firm now has five offices, adding to its existing operations in Seattle, San Francisco, Los Angeles and New York. The new Philadelphia office will allow LNWM and WAM to serve more high and ultra-high net worth clients on the East Coast with wealth planning and investment services, including impact investing, private equity and other alternative investing solutions, and multi-generational estate planning, philanthropic advising and family business advisory. Ron Albahary, LNWM and WAM's chief investment officer, will lead growth strategies for the new office.

Jun 29, 2023

ID apartments break ground

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As planned, Housing Diversity Corporation, Neiman Taber Architects and STS Construction Services broke ground Tuesday on a 202-unit workforce housing project in the International District. Various city officials also attended the ceremonial event at 701 S. Jackson St. A new project name should emerge during construction, which should take about two years. Future rents will be affordable to renters earning in a range from 40% to 90% of area median income. That works out to around $846 per month at the low end. Sixty-six units will be congregates, with private bathrooms. The rest will range from SEDUs to one-bedrooms. At grade will be 3,741 square feet of retail. Tenants will have a bike room and two roof decks. No parking is planned, but the shoring and excavation will coincide with the removal of contaminated soil from past use as a garage and gas station.

Holland Partner Group

LeBlanc

Based in Vancouver, Wash., but with a very active presence in Seattle, Holland Partner Group recently announced that industry veteran Steve LeBlanc is its new chief investment officer, and also joins the board of Holland Holdings. Clyde Holland said in a statement, “Steve and I were part of a select few firms to recommend their investors move to safety in 2005, well before the global financial crisis. Steve's experience is a valuable asset to our organization as we position our investors for success in this new investment cycle.” LeBlanc was a founder of CapRidge Partners, oversaw the portfolio of the Teacher Retirement System of Texas and has recently sat on several advisory boards. Holland says it now has about 20 multifamily projects and 6,500 units in the pipeline. Those include the 45-story 616 Battery tower, on the former Elephant Car Wash property, the recently completed 393-unit Ivey and the 45-story Ayer, due for completion this year. Joining LeBlanc and Clyde Holland on the board are Curtis Feeny, Trina Bigby-Sanders, Jamie Henderson, Jonathan G. Geanakos, Tony Premer, Diana Reid and Judy Schneider.

Gantry secures $12M for Auburn refi

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Gantry's Seattle office announced its recent $12.1 million refinancing deal for the 83-unit Park at Auburn. The firm's Mike Wood and Alex Saunders led the effort on behalf of longtime local owners of the 1981 Auburn building, which is fully leased with affordable rents. The money cane from Fannie Mae, and the loan carries a seven-year term with interest-only payments. Wood said in a statement, “For any property that can meet agency affordability requirements,” meaning those of Fannie Mae and Freddie Mac, “options can be even more generous in the current cycle, especially appealing to owners looking to refinance in a higher rate environment.” Of the owners and borrowers, he said, “This put them in a position to refinance the property and repatriate equity from significant proceeds at conservative leverage with an attractive rate and interest-only terms for the loan.”

Heartland

Haines

Heartland announced the recent hiring of Emily Haines, who joins the firm as associate program manager. She makes the move from NW Modern Builds, following a M.S. degree in real estate from the University of Washington, which followed a prior career in education. Her new focus will be on sustainability, placemaking and innovation in the built environment.

Washington Trust Bank

Hannon

Mast

Washington Trust Bank added Aaron Hannon and Jake Mast to its Commercial Banking team in Seattle to serve as vice presidents and relationship managers. Hannon joins Washington Trust from Wells Fargo, where he served as a small business administration business development officer. He brings over 15 years of experience in the finance and banking industry. Hannon has a background working in the healthcare market with medical and dental professionals and specializes in commercial and industrial lending, real estate and small business banking. Hannon received a bachelor's degree in economics with a concentration in managerial economics from Central Washington University. Mast has over a decade of banking experience, and specializes in C&I lending, commercial real estate, treasury management, and working with medical and dental professionals. Mast comes to Washington Trust from Bank of America, where he served as vice president and senior small business banker. He studied business, international studies and Spanish at the University of Oregon and completed a study abroad program at the University of Granada in Spain. Headquartered in Spokane, Trust currently has over 40 branches and offices in Washington, Idaho and Oregon.

State Court of Appeals

Cooney

Gov. Jay Inslee appointed Judge John Cooney to the Washington State Court of Appeals, Division Three. He will replace Judge Laurel Siddoway who is retiring July 31. Cooney has been a Spokane County Superior Court judge since 2013. He has presided over hundreds of trials and overseen proceedings in the county's therapeutic courts. In 2020 he was the bench's chief criminal judge. Before being elected to the superior court, Cooney served as a Spokane County District Court judge from 2007 to 2013. He began his legal career practicing criminal defense at the Law Offices of John Cooney & Associates. Cooney earned both his bachelor's degree and law degree at Gonzaga University.

Titan

Titan, the parent company of Vigor, MHI Holdings, and Continental Maritime of San Diego, announced Frank Collins will join as senior vice president, government and public affairs. Vigor operates in the Pacific Northwest, Hawaii and Alaska, and MHI Holdings, is based in Norfolk, Virginia. Collins will replace Jill Mackie, who is retiring. Additionally, Benton Strong was recently named director of public affairs, responsible for all communications, as well as state and local government affairs across all Titan companies. Collins joins Titan from the Shipbuilders Council of America, where he served as senior defense advisor. He has over 37 years of public and private sector experience in the ship repair industry. Collins was chief of staff for a member of the Defense Appropriations Subcommittee and district director for a member who later chaired the House Armed Services Committee. He served as chief executive officer of United States Marine Preservation, as a principal government relations representative for BAE Systems Ship Repair, and was senior vice president at United States Marine Repair. Strong joined Vigor in October 2020. He previously spent seven years as a political advocacy communications professional in Washington, D.C., as well as serving as communications director for the mayor of Seattle. Mackie joined Vigor in 2015, after 17 years as head of government relations and strategic communications at the Seattle Times. Mackie led Vigor's government affairs support for the next generation of the Washington State Ferries, as well as federal appropriations and defense policy efforts in ship repair, marine and heavy complex fabrication. Titan Acquisition Holdings was formed in 2019, and its family of companies provide ship repair, ship modernization, marine and complex fabrication services.