May 14, 2015

NBS arranges apartment financing

Westlakes Apartments in Olympia has 181 units.

Mike Wood and Austin Johnson of NBS Financial Services arranged $19.4 million in financing for two apartment complexes: the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.

Funding was provided by Fannie Mae through NBS Financial's relationship with Walker & Dunlop. NBS Financial represented both borrower and lender.

NBS Financial is part of NAI Norris, Beggs & Simpson, a real estate company based in Portland.

Valeri Pate joins WSHFC

Pate

Washington State Housing Finance Commission hired Valeri Pate to lead its asset management and compliance division. She will oversee a team that monitors more than 900 affordable housing properties across the state. Pate worked at the commission from 2002 to 2006 managing its tax credit division. Since then she has worked at Enterprise Community Partners, Key Bank and Catholic Housing Services. The commission's staff of about 12 monitors more than 934 properties and 75,000 units, and inspects more than 250 properties annually.

Seminar on transportation June 5

Transportation issues and policy will be the focus of an all-day event June 5 at Hilton Seattle put on by The Seminar Group. There will be sessions on funding, long-term planning, land use and alternative forms of transportation. For more information or to register, visit: http://goo.gl/pgtovd

May 07, 2015

CREW: Are we in a bubble?

Commercial Real Estate Women Seattle & Sound's next meeting will focus on whether the current economic boom is a bubble or a sustainable trend. The event begins at 11:30 a.m. May 14 at Washington Athletic Club. Scott Matthews of Bentall Kennedy and Mark Dibble of DSC Capital will explore the economic forces behind this boom and try to answer the question: “When is a bubble not a bubble?” For more information, or to register visit: http://goo.gl/JRaszm.

Marzano-Moore is IREM delegate

Marzano-Moore

Lynn Marzano-Moore of Seattle has been nominated as a residential manager delegate to the Institute of Real Estate Management's governing council, which has the final say on bylaws, policy and budget. She would represent Alaska, Idaho, Montana, Oregon, Washington and Wyoming. Moore is a principal at Property Staffing Associates, a temp agency that focuses on property management. IREM has more than 18,000 individual and 550 corporate members.

Patel heads Asian hotel group in NW

The Asian American Hotel Owners Association named Komal “Tina” Patel of Eugene, Oregon, its Northwest regional director. AAHOA says it is the largest hotel owner association in the world, with more than 14,000 members who own 20,000 properties. Regional leaders coordinate events and meetings, and gather feedback for national representatives.

ULI offers Georgetown tour June 11

Join Urban Land Institute Northwest on a walking tour of Georgetown at 3:30 p.m. June 11. The tour will focus on the galleries, creative businesses, restaurants and manufacturing companies that have changed the neighborhood. The event begins at Fantagraphics Bookstore & Gallery, 1201 S. Vale St., and ends at Georgetown Brewing Co., 5200 Denver Ave. S. For more information, or to register, contact ULI at 206-224-4500 or northwest@uli.org.