Aug 19, 1998

Peterson Russell Cofano

Two Eastside law firms, Peterson Russell and CofanoGroup, recently combined to form Peterson Russell Cofano PLLC. The combined firm emphasizes a practice involving business organizations and planning, estate planning, real estate and electronic commerce. Members of the firm are Peter E. Peterson, Gregory L. Russell and Russell G. Cofano.

Aug 18, 1998

Merit Co.

Tacoma-based Merit Co. recently hired Mike Medrzycki, a marketing and business development specialist. Medrzycki will be responsible for business development and client relations for the company's construction and real estate divisions.

Mortgage Market

Jason Jacobsen has been named a mortgage banker at Mortgage Market's Lynnwood branch office. John Locke has been named a mortgage banker at Mortgage Market's Federal Way branch office. Brooke Scott has been named a mortgage banker at Mortgage Market's Bellevue office.

Aug 14, 1998

Cushman & Wakefield

Pierre Benoit has been named head of Cushman & Wakefield's Advisory Services Group for the western United States. He will direct the firm's consulting practice as a complement to the company's core business in commercial real estate. His geographic coverage includes Washington, Arizona, California, Colorado, Illinois, Michigan, Minnesota, Missouri and Oregon.

Colliers

Matt Christian has been named an associate vice president at Colliers International in Seattle. Colliers vice president and manager Rob Aigner said the promotion reflects Christian's performance as a broker and his contributions to the company.

Windermere

Cameron Adams has joined the Mount Baker office of Windermere Real Estate as a sales agent. He is new to real estate.

Cutter & Buck plans Seattle store

Cutter & Buck, Inc. will open a 3,400-square-foot flagship store in Pacific Place, with a line of men's and women's golf-inspired sportswear. It will open Thursday, Oct. 29, when Pacific Place opens for business. Cutter & Buck apparel has been available previously only in golf pro shops, resorts and specialty stores. The company is based in Seattle.

Second & Spring Building sale closes

The sale of the Second & Spring Building closed July 29 at a price of $20.13 million, or $149.58 per rentable square foot. Equity Office Properties bought the building from 1100 Second Avenue L.P. of Vancouver, B.C. Jed Curtis, of Columbia Partners, represented both buyer and seller. Columbia Partners originally sold the building to 1100 Second Avenue L.P. in September, 1997, for $12.75 million. It was virtually vacant at the time. Now it is fully leased by Sound Transit, amazon.com and Hy's Restaurant. Curtis also handled the sale of the Heronfield Apartments, in Juanita, to the RREEF Funds. He represented both the buyer and the seller, SSR Realty Advisors, in a deal that fetched $23.2 million for the 202-unit property. That works out to $114,850 per unit. Columbia Partners' Dave Schumacher originally handled the sale of the property to SSR Realty Advisors in November 1990; that price was $14.95 million. Schumacher on July 29 represented buyer Lincoln Property Co. in the purchase of Mariner Cove Apartments, which saw the 311-unit Everett property go for $22.7 million, or $72,900 per unit. The seller, Polygon Group, was represented by David Chapman. Lincoln Property plans to begin a renovation of the property immediately.

City View Apartments sell for $5.6 million

The City View Apartments, a 44-unit building at 4250 Aurora Ave. N., in Seattle, was purchased July 8 for $5.65 million, or $113,000 per unit. The buyers were a local investor group headed by Kurt A. Fisher and Gerry G. Pigotti of Westlake Associates, Inc. Originally built as condominiums, the building has been renamed Mirabella and will be operated as luxury apartments. The building has 5,400 square feet of commercial space and commanding views of Lake Union, Mt. Rainier and downtown Seattle. One-bedroom units will rent for as much as $925 per month. Two-bedroom units will fetch up to $1,300 per month.

Pinnacle expands in Southern California

Seattle-based Pinnacle Realty Management Co. has expanded its Southern California presence by acquiring the property management and brokerage divisions of Pacific Southwest. Terms of the deal were not disclosed. The expansion boosts the commercial side of the company's brokerage and management business to the point where it rivals Pinnacle's multifamily property management operation. With this transaction, Pinnacle takes on Pacific Southwest's 15-person management and brokerage operation, plus management of a 2.5-million-square-foot commercial portfolio of properties in San Diego and Phoenix. Pinnacle now manages a portfolio valued at nearly $4.5 billion, including roughly 79,000 multifamily residential units and 13.5 million square feet of commercial space. In 1998 the firm has posted brokerage transactions totaling more than $570 million.

Superstar broker to speak

Mary Harker, one of the top-ranked real estate brokers in the nation, will speak Sept. 2 on "Five-star secrets to successful referrals -- build your superstar business." Harker, of Texas, is on track to close $60 million worth of deals this year. The free presentation will be held from 5:30 to 7:30 p.m. at the Bellevue Office Park, Conference Center, 1150 114th Ave. S.E., Bellevue. For reservations, call Carla Cross at 425-392-6914.

Mortgage Market

Doug Marvin, Jason Witt and Jason Tuttle have been named mortgage bankers at Mortgage Market's Northgate branch office. Stephen Mester has been named a mortgage banker at Mortgage Market's Federal Way branch office.