Mar 04, 2025

City of Kenmore

Lucash

The Kenmore City Council has appointed Stephanie Lucash as its interim city manager, beginning March 24. This follows the departure of city Manager Rob Karlinsey, whose last day will be March 23. Lucash joined the city in 2021 as assistant city manager/ARPA administrator and was promoted to deputy city manager in 2022. She also served as president of the Washington City/County Management Association in 2023-2024. The City Council also selected GMP Consulting to conduct a competitive executive search for a permanent city manager.

Feb 28, 2025

ZoomInfo

ZoomInfo, a go-to-market intelligence platform, appointed Rob Giglio to its board of directors. Giglio will serve on the board’s Nominating and Corporate Governance Committee. This appointment follows the resignation of Patrick McCarter following eight years of service to the company. Giglio has over 20 years of experience leading global marketing and sales. He currently leads the sales and go-to-market teams as chief customer officer at Canva, a hypergrowth design platform used by over 220 million people around the globe. With Giglio’s appointment, ZoomInfo’s board will continue to comprise 10 directors, nine of whom are independent. Prior to joining Canva, Giglio served as chief customer officer at HubSpot and chief marketing officer at DocuSign. At HubSpot, he oversaw its flywheel organization, which included marketing, sales, services, and revenue operations. Giglio also spent 11 years at Adobe, where he led the global sales and GTM team, comprising sales, marketing, digital, and operations professionals. He graduated from San Diego State University with a B.A. in psychology and completed his MBA at the USC Marshall School of Business. ZoomInfo is headquartered in Vancouver.

Feb 27, 2025

JLL finds $29M for Uptown hotel refi

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Developed in 2008, the 139-room Maxwell is a well-established presence in Uptown, and very convenient to Seattle Center. It's part of the Staypineapple group. Now JLL has announced a successful $29.5 million refinancing effort for the Maxwell ownership, which is related to the Diamond family (of Diamond Parking). Idaho Credit Union supplied the 10-year, fixed-rate loan. Jessica Mehra and Adrienne Andrews led the effort. The latter said in a statement, “We received robust interest from lenders drawn to the property's consistent performance and Seattle's resilient lodging market fundamentals. The credit union proved to be the ideal financing partner, offering certainty of execution and flexible terms that aligned with the sponsor's objectives.” Dina Belon of Staypineapple added, “Staypineapple, a hotel brand with 10 boutique properties throughout the U.S., is growing, and we wanted a lender that saw us as a business partner.”

Fairview Partners raises $75M toward debt fund

Rasmussen

Stemm

Earlier this month, Fairview Partners announced that it's hit a $75 million benchmark toward a projected $250 million debt fund. The Fund VIII, said Fairview in a press release, “Will target a diversified portfolio of senior secured private real estate loans, focusing on two underserved market segments: distressed debt and small- to mid-balance loans.” Fairview is led by Nels Stemm and Carson Rasmussen. The latter said in a statement, “These key commitments from our legacy partners reaffirm their confidence in our team and strategy. With a disciplined investment approach and proven history of results, we look forward to continuing to deliver on what we do best.” Ten past funds have totaled around $750 million, which covered nearly 500 real estate loans.

$1.5B Apollo-Bridge deal will be felt here

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Publicly traded investment giant Apollo announced this week that, in a deal valued at around $1.5 billion, it'll acquire Bridge Investment Group. The latter often loans to local developers, or partners with them, with recent examples including the new 368-unit Rook apartments (pictured), in Tacoma. Bridge partnered there with local shop One Trent. Apollo says the all-stock deal should close in the third quarter. It invests in all manner of assets. The Bridge deal will add to about $50 billion its current real estate portfolio. Apollo counts around $751 billion in total assets under management. The firm's David Sambur said in a statement, “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo's strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale.”

Polaris Pacific gains new partner

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Residential broker Polaris Pacific is based in San Francisco, and has a Seattle office where it often represents newly built condominium towers. (One example: Spire, pictured.) In a joint announcement this week, Polaris and Urban Pace — based in Washington, D.C. — said they're now partnering. The combination now covers 62 projects in 14 markets, which are valued at some $5 billion. Paul Zeger will continue to lead Polaris Pacific. He said in a statement, “Clients gain access to a deeper pool of talent, technology and expertise. This expanded resource base allows us to provide more comprehensive solutions tailored to each project, whether it's a luxury development or a more affordable housing initiative.”

Kidder Mathews

Boring

Kidder Mathews announced last week that Daniel Boring has joined its valuation advisory services as a senior VP. He makes the move from CBRE. In his new post, says Kidder, “He will lead the firm's new service line for machinery and equipment appraisals nationwide and serve clients in his litigation, agricultural, and marine valuation practice.” Boring is returned to the fold. He explained, “I'm thrilled to return to Kidder Mathews, where I started my career as a broker and appraiser. It's an honor to rejoin such a great team.”

Rock Project Management Services

Fredrickson

Renton-based Rock Project Management Services hired Rod Fredrickson as a construction manager and inspector. Fredrickson has 20 years of experience in the construction industry on residential, commercial and public works projects. His project history includes roofing repairs and replacements, office building remodels, parking lot improvements, propane vehicle fueling station installations, commercial TIs, custom residential work, and marine terminal improvements. Rock provides owner's representative services to public and private clients throughout Washington, working on education, technology, health care, transportation, and municipal projects.

Fortive

Fortive Corp. has appointed Gregory Moore to its board of directors. This expands the size of the board from nine to 10 members. In addition, Moore was appointed to the Compensation Committee and Nominating and Governance Committee. He brings over 20 years of health care experience and a deep background in AI and digital transformation, as well as executive leadership and public board experience. Moore is an engineer and physician, board certified in diagnostic radiology, neuroradiology and clinical informatics. He most recently served as the corporate vice president of Microsoft Health & Life Sciences from 2019 to 2023. Prior to Microsoft, Moore served as the vice president and founder of Google Cloud Healthcare & Life Sciences from 2016 to 2019. He currently serves as a senior advisor to Gates Ventures and as an associate fellow at Stanford University's Center for Artificial Intelligence. Moore holds a PhD in radiological sciences from Massachusetts Institute of Technology and a MD from Wayne State University School of Medicine. He also serves as a member of the board of directors at DaVita Inc. Fortive is a provider of technologies for connected workflow solutions across a range of attractive end-markets. Fortive is headquartered in Everett, and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries.