Oct 02, 2025

NAIOPWA looks ahead

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Mark Oct. 15 in your calendars as the next NAIOP Washington monthly breakfast event. The Westin Seattle is the venue, and the coffee starts pouring at eight o'clock. The foggy topic is “predictions” for commercial real estate, which could mean anything. The all-broker panel of experts is to include Dylan Simon of Kidder Mathews, CBRE's Mark Washington, JLL's Buzz Ellis and Reid Rader from Eastdil Secured. Details and registration: naiopwa.org. Wear your speculation hats.

Clise Properties

Hill

Two years after joining Clise Properties, that firm announced that Lori Hill will become its new CEO this month. She'll replace Dave Cuthill, who is retiring. A.M. Clise said in a statement, “Lori has demonstrated that she is the best person to lead Clise Properties into the future. I am confident she will grow our already robust portfolio, and there is no question she is prepared to take the helm as we begin a new chapter of our story.” Hill added, “We are all building on an incredible 136-year legacy of visionary leadership in the Pacific Northwest, and I'm certain that we're heading in a strong direction.”

Kidder Mathews

Frame

Over at Kidder Mathews, veteran broker Will Frame has been promoted to regional president for the Pacific Northwest. That's the post previously occupied Brian Hatcher, who retired this summer after three decades with the firm. Frame will oversee around 170 brokers in our state and Oregon. He's spent a decade with Kidder, whose Eric Paulsen said in a statement, “Will is one of the sharpest and most generous brokers I know. He has a natural ability to lead, always taking initiative, and lifting up the people around him. It's exciting to see him bring those qualities into this leadership role.” Said Frame, “I look forward to continuing to serve the company and broader CRE community — opening doors for others and expanding our business.”

Marcus & Millichap sells Seward Park retail

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A prominent little corner commercial complex changed hands last month. At 5100 S. Dawson St. in the Seward Park area, two old buildings are home to 11 various small tenants, according to Marcus & Millichap, which represented the family seller. A local party paid nearly $1.5 million for the complex, which hadn't traded since the 1990s. Brokers John Marks and RJ Vara got the full asking price. Marks said in a statement, “The new owner-operator will be introducing an exciting new restaurant concept, which aligns with the property's near-term value-add opportunity and high-demand executive space components.” The new restaurant looks to be replacing Bent Burgers, which closed earlier this year. The building sits on the corner of Wilson Avenue South, with its commercial strip anchored by Third Place Books.

Sep 25, 2025

NAIOPWA looks south

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Tacoma Yacht Club

Oct. 2 marks the date for NAIOP Washington's south Puget Sound breakfast gathering at Tacoma Yacht Club. To be addressed is leasing, including “tenant demand across asset classes, tenant improvements and concessions, subleasing activity, and how tariffs are influencing decision-making,” says NAIOPWA. The expert panel will include Reid Fetters from UrbanWork Spaces, Will Frame of Kidder Mathews, Jake Roselli of Schnitzer Properties and Carrie Walker from Pacific Asset Advisors. The event begins at 8 a.m. Details and registration: naiopwa.org

Cushman & Wakefield

Jackson

After 14-odd years at Urban Renaissance Group, Shawn Jackson has joined Cushman & Wakefield, that firm announced this week. The industry veteran will split his time between the Portland and Seattle offices. He said in a statement, “The Seattle and Portland markets are dynamic and full of potential. I look forward to leading this exceptionally talented team, fostering a culture of collaboration and leveraging our collective strengths to capitalize on the opportunities ahead and deliver exceptional results for our clients.”

Colliers finds $42M for Shoreline units

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Postmark

As the DJC reported earlier this month, the 5-year-old Postmark apartments then sold for over $82 million to John Stephanus and his Epic Asset Management. Kidder Mathews represented the new owner of the 243-unit Postmark, and JLL represented the seller and original developer, Wolff. But there's another name in the honor roll. Colliers says its Mark Plenge sourced the $42 million acquisition loan from Nationwide Life and Annuity Insurance. The fixed-rate note has a 30-year term. Stephanus said in a statement, “Working with Colliers Mortgage on the financing for the Postmark was a smooth and efficient process because Mark and his team brought deep market insight and had a clear understanding of our long-term vision for the project and our portfolio overall.” Said Plenge, “This transaction is a great example of how creative structuring can unlock value, even in a challenging rate environment.”

Lee & Associates

Corp

Lee & Associates used social media this week to announce its hiring of Rachel Corp. She'll be based in the Tacoma office. Said Lee on Instagram, “Rachel brings a thoughtful, people-first approach to everything she does, both in business and in life. She's known for building lasting relationships, staying grounded in her values, and showing up for her clients and community with integrity and care.” She makes the move from KW Commercial.

M&M lands $28M for Renton refi

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In Renton, the 108-unit Sunset Terrace sold soon after completion in 2023 to an investor group associated with iCap. (That firm was also part of the original development team.) The deal was then worth about $44 million. A new refinancing package came last month, with a fresh $28 million HUD 223(f) loan sourced by Lument and Marcus & Millichap, the latter firm announced. Tammy Linden led the effort for M&M. The new money replaces a prior bridge loan secured by the same two parties for the new ownership.

Aegis Living

Aegis Living announced this summer that it hired Dirk Burghartz as to be its new company president. The hospitality industry veteran, once a chef, replaces Sandra Preyale, who has retired. Aegis CEO Dwayne Clark said in a statement, “We reviewed more than 70 candidates across the country in search of the perfect blend of head, heart and guts. Dirk rose to the top — not just for his track record, but for his humanity. He understands what it means to lead with purpose. And he's joining us at exactly the right time.” Burghartz makes the move from Life Properties International, which manages private club communities.