Jul 27, 2023

Zaborowoski changes horses midstream

Zaborowoski

Based in Chicago, Logistics Property Co. has a portfolio in our region spanning some 3 million square feet. Overseeing that will be its new hire, Drew Zaborowoski, who joins the firm as senior VP. He makes the move from Avenue 55. LPC is both an investor and developer. Its Dennis Rice said in a statement, “Drew has extensive industrial development experience in the Pacific Northwest, and we look forward to him growing the company's footprint in the market.” Zaborowski will work out of the Bellevue office, and added, “I look forward to being a part of the team, and contributing towards LPC's goals and initiatives.”

Wallace Properties

Norris

Veteran broker Spencer Norris has joined Wallace Properties, that firm recently announced. He makes the move from CBRE. Working from its Bellevue office, the new executive VP will oversee Wallace's portfolio — including office, retail and mixed-use — and will join the firm's executive board.

M&M secures loan for View Ridge units

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Marcus & Millichap Capital has secured an over $3.5 million construction loan for a three-unit residential project in the View Ridge area (or possibly Wedgwood). The site looks east to Sand Point Country Club. Cone Architecture is the architect and Seattle Land Use Co. is the developer. Roland Development is the builder. The project consists of a house with ADU, plus separate DADU. M&M's Tammy Linden arranged the financing, and said, “While the overall market is difficult, this well-located property, with a strong sponsor, garnered significant interest.” The 12-month loan carries a 12% fixed rate.

Pillar Properties

Polito

Leaving his longtime perch at Touchstone/Urban Renaissance Group, Joe Polito has joined Pillar Properties, that firm recently announced. He'll serve as president, replacing the now departed Billy Pettit in that role. (He recently co-founded Black Dog Capital Advisors.) The industry veteran Polito most recently had a hand in the Chapter Buildings, an office duo now rising in the U District. He was with Touchstone prior to its 2014 acquisition by URG.

Pacific Program Management

Porter

Jarzyna

Real estate advisory firm Pacific Program Management recently announced new roles for a pair of its longtime staffers. Teal Jarzyna has been promoted to director of transition and relocation management. Company president Mark Wanic said in a statement, “She embodies our people-centered approach, and her background leading Fortune 100 CRM clients helps inform the culture we embrace.” And Briggs Porter has been elevated to director of capital project management. Said Wanic, “Briggs has been a fantastic addition to the PPM team and has a proven ability to build immediate trust with his clients.”