Jan 02, 2014

JLL brokers Everett apartment sale

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Meridian Glen is an 86-unit apartment building in Everett.

Randolph Street Realty Capital of Chicago bought Meridian Glen, an 86-unit apartment building at 12115 Meridian Ave. S. in Everett. Jones Lang LaSalle brokers David Young, Corey Marx, Seth Heikkila and Matt Kemper arranged the transaction. Meridian Glen was built in 1990 on 3.32 acres. It has a clubhouse, gym, indoor pool and hot tub, and a playground. Jones Lang LaSalle has more than 1,000 offices in 70 countries.

Liz Dunn is CREW lunch speaker

Liz Dunn, principal of Dunn + Hobbes, will talk about renovating older buildings at a Commercial Real Estate Women Seattle and Sound lunch at 11:30 a.m. Jan. 9 at the Washington Athletic Club at 1325 Sixth Ave. Dunn + Hobbes has renovated several old buildings in the Pike/Pine corridor on Capitol Hill. Dunn will discuss the cost, difficulties and opportunities in reusing older buildings. For more information, or to register, visit: http://bit.ly/1lxmZdz

HomeStreet new loan offices

HomeStreet Bank has opened new loan offices in Mill Creek, Kennewick and Bend, Ore. The Seattle-based company has 30 branches, 48 loan offices and four commercial lending offices in the Pacific Northwest, California and Hawaii. HomeStreet is now in its 92nd year.

Dec 26, 2013

JLL adds David Otis

Otis

David Otis will join Jones Lang LaSalle's capital markets team as a vice president in the Seattle office. Otis was with the Irvine, Calif., office of Ernst & Young, where he worked as a manager in construction and real estate services. Otis has worked at global brokerage DTZ and Voit Real Estate Services, and he has closed more than $250 million in office and hotel sales. Jones Lang LaSalle has more than 300 employees in the region and more than 1,000 offices in 70 countries.

NAIOP shows Runstad Fellows' film

The Washington chapter of NAIOP will show a documentary on the changing nature of cities put together by affiliate fellows from the University of Washington's Runstad Center for Real Estate Studies at 7 a.m. Jan. 15 at Four Seasons Seattle. There will be a panel discussion with Lisa Picard of Skanska USA, Gabriel Grant of HAL Real Estate Investments, Ken Yocom of UW's Department of Landscape Architecture, Kelly Hogg of CBRE, Alvaro Jimenez of Security Properties and filmmaker Eric Becker. For information, or to register, visit: http://bit.ly/1a4HIQL

FHLB helps fund 14 projects

Federal Home Loan Bank of Seattle has given $5.5 million in Affordable Housing Program funds to 14 projects, with a total of 640 units of low-income housing in Washington, Idaho, Montana, Oregon and Utah. Six of the projects are in Washington, and they received a total of $2.6 million in funds. Federal Home Loan Bank of Seattle is member-owned and serves more than 330 financial institutions, providing subsidies to buy, build or renovate low-income units.

SP Plus gets new West Coast VP

Steven Aiello, senior vice president of operations for the parking, transportation and logistics company SP Plus Corp., will head operations in the Pacific Northwest, western Canada and northern California. Aiello will work out of the San Francisco office, and he is the first senior vice president to be based in northern California. He was SP Plus' senior vice president for New York, New Jersey and Pennsylvania. SP Plus provides services to property owners.