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Dec 23, 1999
Doug Barrett, associate director of Colliers International's Corporate Services Group in Seattle, and David Rothrock, associate vice president in the Colliers Bellevue office, have been awarded the Certified Commercial Investment Member designation by the Commercial Real Estate Institute. The CCIM designation is earned upon completion of graduate-level curriculum and attainment of a level of qualifying experience. CCIMs are considered experts in commercial real estate brokerage, leasing, asset management, valuation and investment analysis.
CarrAmerica Realty Corp., and DukeSolutions have struck a five-year, $150-million deal for an integrated energy alliance. DukeSolutions will implement an energy management program for CarrAmerica and its affiliate, Carr Realty Estate Services Inc., which owns or manages 326 office properties across the United States, including Washington and Oregon. CarrAmerica officials say that for two years they researched the effects of energy deregulation on commercial real estate. DukeSolutions will track and analyze energy use in CarrAmerica properties and provide the landlord with energy options.
The 66-unit Spinnaker Landing Apartments, 21620 14th Ave. S., in Des Moines was sold for $4 million by Randall Realty Corp., to Commercial Ventures. Ken Dudunakis of the Bellevue office of Marcus & Millichap Real Estate Investment Brokerage Co. negotiated the sale. Also, an unnamed 11-unit apartment complex at 1101 10th Ave. E., in Seattle was sold for $930,000 by Mr. and Mrs. Merlyn Dickhaut to Mr. and Mrs. Bjarne Varnes. Marcus & Millichap brokers Robert Parmar and Dan Swanson of the Bellevue office negotiated the deal.
The 60-unit Lawn Courte Apartments, 2802 N. Narrows Drive in Tacoma, was sold by Ninety-Two Associates Inc. of Washington for $3.473 million to Marin County Exchange of California. Geza Berger and Dennis Evans, both of the Seattle office of Hendricks & Partners, negotiated the sale.
Daniel Boring and Ron Davis of Kidder, Mathews & Segner helped negotiate the sale of one apartment complex. Steel Lake Court Investors LLC of Seattle bought Steel Lake Court Apartments, a 51-unit complex at 31218 28th Ave. S., in Federal Way, for $3.35 million from Steel Lake Court Apartments LLC of Sherman Oaks, Calif. Boring and Davis were the listing agents and Mark McAlister of Kidder, Mathews & Segner and Hilmar Hauge of Excel Properties were the selling brokers. The seller had owned in the Puget Sound region nine properties ranging from 51 to 360 units and plans to reinvest proceeds in California.
Boring also was the listing broker on the $1.2 million sale of the 15-unit Shell E Apartments, 7130 California Ave. S.W., in Seattle. Hauge was the selling broker. Olive Crest Associates LLC, an exchange buyer, bought the property from Shell E Partners.