Mar 24, 2000

The Staubach Co.

Two real estate industry veterans, Peter Truex and Kirk W. Johnson, have joined The Staubach Co., as senior vice presidents of the Pacific Northwest region.

Truex will be responsible for representing major corporations in strategic facilities and occupancy planning, property acquisition and disposition and project management. Before joining Staubach, he spent 17 years at CB Richard Ellis and Grubb & Ellis. He has served as a Seattle University regent and sits on the advisory board of the university's Albers School of Finance.

Johnson has more than 10 years' experience in representing tenants in commercial space negotiations. He specializes in representing clients who occupy office and high-tech space. Before joining Staubach, he worked in the Seattle office of Grubb & Ellis. He has completed transactions in Europe, South American, Asia, Canada and numerous United States cities.

Cushman & Wakefield

Reynolds R. Haas has been named senior director of Cushman & Wakefield of Washington's Financial Services Group. He has been in the real estate industry for 25 years and has been with Cushman & Wakefield since 1993 as one of the region's top commercial real estate investment brokers. He has exclusively participated on behalf of sellers in the disposition of 7.3 million square feet of institutional grade real estate with a value in excess of $610 million over the past three years. His sales and leasing transactions exceed $1.5 billion. He served in the Marine Corps where he flew the A-4 Skyhawk and served to the rank of captain.

Also, Cushman & Wakefield has sold its SiteSolutions database, which tracks 8.5 billion square feet of office and industrial space, to RealtyIQ.com, an Internet portal for the commercial real estate industry. Terms were not disclosed.

According to Cushman & Wakefield, the sale is part of a strategy to expand the depth of its analytical research capability globally. The sale is a first for Cushman & Wakefield in what it says will be a series of wide-ranging business-to-business e-commerce initiatives.

Now that it has sold the database, Cushman & Wakefield will focus on providing real estate research analysis to clients and brokerage professionals. Cushman & Wakefield President and CEO Arthur J. Mirante II said the company sought to capitalize on its national data collection capabilities in a business environment in which the Internet has made data more readily available. This increased the importance and value of analysis and reporting.

The move is part of a larger Internet strategy for the company that Mirante said is focused exclusively on business-to-business e-commerce and one in which it is aggressively investing in and fully leveraging its core competencies via Web-based applications.

Cushman & Wakefield will increase its research consulting operation aimed at market entry studies, generating new business, benchmarking studies, construction demand forecasts, net effective indices and trend analysis in areas such as new media, telecommunications, biotech, investment and industrial.

RealtyIQ.com officials said the acquisition represents a quantum leap in their goal to provide the most comprehensive and accurate commercial real estate information. As part of the agreement, Cushman & Wakefield will become a RealtyIQ.com client and has retained its current access and use of the information; the company also retained the right to have an independent audit of the database each year.

Kidder Mathews & Segner

Harry P. Harkaway has joined the office sales and leasing group of Kidder, Mathews & Segner. He is a graduate of the University of Pennsylvania's Wharton School and has been in the real estate business 14 years. Before joining Kidder, Mathews & Segner he spent seven years as a founding partner in a tenant representation firm in upstate New York and seven years as area leasing manager of JMB Realty in Chicago and Washington, D.C.

Opus Northwest LLC

Opus Northwest LLC announces six promotions and one new addition to its staff.

Roger Pecsok has been promoted to real estate manager. He joined Opus in 1997 and has specialized in the development of industrial space. He helped develop, lease and sell many projects including Fife Landing Buildings A, B and C, Fife Landing East and a land sale to United Parcel Service. Opus officials add he was instrumental in the company winning the right to develop the mixed-use Pacific Steps project in downtown Tacoma. He will continue to work on existing Opus projects in Pierce County, and he will help generate new industrial and office development opportunities in the Puget Sound region with a focus on South Sound/Tacoma submarkets.

Valdis Ronis has been promoted to associate manager of architecture for Opus Architects & Engineers Inc. He joined Opus Architects & Engineers in 1997. Before his relocation to Seattle, he was the in-house architect for Opus South Corp.'s office in Orlando, Fla. He is responsible for managing both in-house and outsourced architecture and engineering services for Opus Northwest development projects in Seattle and Portland. The addition of in-house design services in Seattle reinforces Opus Northwest's turnkey development approach, according to company officials. They add that clients benefit from one-stop, single-point-of-contact coordination of development, design , construction and property management services.

Jeff Wiper has been promoted to senior project manager and John Olsen has been hired as a senior project manager. Wiper has worked on Phase I of Sammamish Parkplace and is leading the charge on Phase II of the project. The $75 million Sammamish project is being build for Paul Allen's asset management company, Vulcan Northwest. The project consists of three office towers that have been fully leased.

Olsen is overseeing all tenant improvement work in Washington state. He will be responsible for standardizing tenant improvement estimating formats.

Steve Korn and Greg Thomas have been promoted to project managers. Korn has worked on the management construction of Microsoft Press and the five-building Willows Park office project. Thomas has worked on the Sammamish Parkplace project.

Terra Whareham has been promoted to real estate representative. She joined Opus in 1998 and has helped develop, lease and sell many projects including Willows Commerce Park, the Glacier Cascade Business Center, Riverbend Commerce Center and most recently the Opus I-90 Business Center. She will focus on the leasing and entitlement of Riverbend Commerce Center, Emerald Corporate Park and Opus I-90 Business Center.

Mar 17, 2000

Colliers selling industrial condos

Colliers International was chosen to handle sales for the Industrial Park Condominiums at Harbour Pointe in Mukilteo.

The complex features flexible, small-space industrial units ranging in size from 2,100 square feet to combined units of 30,000 square feet. Construction will begin in April on the two-building complex, located within the Harbour Pointe master planned community at Harbour Pointe Boulevard North and state Route 525.

"This is a new concept to the Northwest," said Derek Heed, Colliers sales agent for the property. "With land prices soaring and supply tight, this is a unique opportunity to own affordable commercial space. Who wouldn't want to pay a mortgage instead of rent?"

Cushman & Wakefield

Cushman & Wakefield of Washington announced two recent promotions in its Valuation Advisory Services group. Valerie Foster has been named director and Frank J. Rojas has been named associate director of the group. Foster has been with the firm for five years and has been honored as a top producer for the past two years. She appraised over five million square feet of downtown office space in that time. She was formerly with Shorett & Riely. Rojas has over 20 years experience in real estate and consulting and has been a senior appraiser with the company for 10 years.

Keller Williams

Sage Gayler has affiliated with the Bellevue office of Keller Williams. She worked in accounting and regulatory compliance in the oil and gas industry in Denver for 16 years before moving to Seattle.

Grubb & Ellis

Grubb & Ellis Co. represented Renaissance Credit Services in the leasing of the 123,000-square-foot Tigard Corporate Center in Tigard, Ore. Renaissance Credit is a subsidiary of Household International, a provider of consumer loans and credit cards in the U.S., Canada and the United Kingdom.

Paragon

Paragon Real Estate Advisors recently announced the sale of three properties in the Greater Seattle area.

Peter Larsen and Eric Smith represented the principals in the $1.85 million sale of the San Juan Apartments, a 28-unit complex at 4840 California Ave. S.W. in West Seattle.

Larsen also brokered the $450,000 sale of a six-unit apartment complex in Mountlake Terrace, located at 4806 212th St. S.W.

And, Paragon sold the Juanita Professional building, located at 13615 100th Ave. N.E., in Kirkland. David Petersen represented the seller in the $475,000 transaction, which closed on March 3.