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Real Estate
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July 15, 2010
Propel buys Cascade, Encore
Tacoma-based Propel Insurance, which covers builders and developers, increased its real estate expertise by acquiring Cascade Risk Placement of Bellevue and Encore & Co. Insurance of Lynnwood. Terms were not disclosed. Cascade and Encore staff members will work in Propel's Seattle office. Cascade focused mostly on the real estate industry and ran the Insurance Program for Association Housing. Encore covered owners and managers of manufactured housing communities, shopping centers, and self-storage facilities.