May 07, 2020

Mercey Housing has new head

Thompson

Effective June 29, Joseph Thompson will become president of Mercy Housing Northwest, the nonprofit announced. He makes the move from The Peoples' Self-Help Housing/The Duncan Group, in California. He'll succeed Bill Rumpf, who's retiring after a decade in that post. Thompson was previously at Mercy from 2004-2014. Mercy now has 54 communities with over 5,600 residents in Washington and Idaho.

KM adds to retail investment team

Simpson-Verger

Kidder Mathews announced the recent addition of Kevin Simpson-Verger, who will focus on retail investment sales. He makes the move from Keller Williams. He's been in the industry for a half-dozen years, and will join KM as a vice president.

Apr 30, 2020

Thayer Manca lands $27M for refi in Lacey

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Local firm Thayer Manca Residential has secured a $26.8 million loan from Fannie Mae to refinance the recently purchased Callen Apartments in Lacey. A TMR partnership bought the 189-unit property two years ago for an undisclosed price, and has since invested $3.7 million in renovations. The 10-year, 2.99% fixed-rate loan includes full-term, interest-only debt service.

Elion hires Amazon logistics exec

Lambert

Elion Partners of Miami announced that new hire James Lambert will oversee its West Coast logistics division. He makes the move from Amazon, where he was in charge of logistics real estate. He'll remain in Seattle. Elion is invested in over 135 properties, including more than 10 million square feet of industrial space, and values its portfolio at more than $1.5 billion.

Elion's Shlomo Khoudari said in a statement referencing coronavirus, “With consumers forced to stay home, e-commerce has seen an acceleration in sales, placing a strain on inventory levels and supply chains. This catalytic shift in consumer behavior is driving logistics real estate to serve as the infrastructure to answer that demand.”

(Editor's note: Details about the firm's portfolio have been corrected.)

CBRE promotes Beaudine

Beaudine

David Beaudine, an 18-year veteran with CBRE, has been promoted to managing director of local market project management business for Washington state. He's a past specialist in project management for public schools, including districts all over the state. Future projects will include the Port of Seattle's North Satellite Modernization, Spokane International Airports Terminal Renovation and Expansion (aka TREX) and Yakima's Convention Center Expansion.