Apr 05, 2000

Red Lion Hotels

Red Lion Hotels and Inns has announced the opening of the 150-room Red Lion Salem hotel in Salem, Ore., representing another addition to Red Lion's network of hotels throughout the Pacific Northwest. Formerly the Quality Inn Hotel and Conference Center, the Red Lion Salem is the only full-service hotel and conference center in Salem with 11 meeting rooms, a full-service restaurant, room service, a lounge, indoor pool and exercise facilities.

Mar 31, 2000

Legacy Partners Residential

Michael P. Gleason has joined Legacy Partners Residential Inc.'s Pacific Northwest office in Bellevue as regional vice president. He has experience in land entitlement area and residential and commercial development. He previously worked for Pacific Rim Equities, a Bellevue real estate development services and land-use consulting company where he was principal consultant. At Legacy, he will focus on creating new development and acquisition opportunities. Legacy has developed more than 51,000 apartment units and owns and manages more than 30,000 units in the West with an additional 2,300 units under construction and another 3,330 planned for development in the next two years. Headquartered in Foster City, Calif., Legacy also owns office, research and development, warehouse and distribution projects.

CB Richard Ellis

E.M "Eddie" Pasatiempo has joined CB Richard Ellis as a director in the high-technology specialty group. He has 20 years' experience and has held sales, marketing and operating executive positions with public and private high-tech companies in varying stages of growth. Among the companies he was worked for are CGS Openline, Versatile Systems, Traveling Software, Advanced Gravis, Mosaix and IBM. He worked for IBM for 15 years and for six of those he was a strategic marketing executive in Asia and resided in Japan, Hong Kong, Indonesia and Singapore.

National Mortgage Co.

Andrew Goodstein is a new loan officer at National Mortgage Co.'s Bellevue branch. He has been in real estate finance for more than 23 years. National Mortgage is headquartered in Portland and has been operating since 1924. The company specializes in financing commercial real estate in Oregon, Washington and Idaho.

Schwabe, Williamson & Wyatt

Mark A. Stayer has been named the leader of law firm Schwabe, Williamson & Wyatt's real estate practice group. He is a shareholder who joined the firm 15 years ago. He has experience in real property and business law and has developed a reputation for his work with timber transactions, acquisitions and dispositions, commercial leasing and real estate finance. The firm has offices in Portland and Bend, Ore., Seattle and Vancouver, Wash., and Washington, D.C.

Columbia Housing

A Portland real estate investment firm, Columbia Housing, has closed a $51 million institutional equity fund to invest in the development and ownership of affordable multifamily housing nationwide. Columbia Housing is a PNC Real Estate Financing Company. The new fund, Columbia Housing/PNC Institutional Fund III (CIF III), owns eight multifamily housing projects that will be leased to low- and moderate-income tenants. The projects are intended to qualify for Low-Income Housing Tax Credits. In addition, the fund owns a 13 percent interest in a previously syndicated fund. PNC invested just over $10 million in the fund as part of its programmatic co-investment strategy to acquire a limited partnership interest in each Columbia-sponsored fund. In addition, two institutional investors have invested on the same terms as PNC.

LION Inc.

Renton-based LION Inc., has named Tuck Marshall as president of its wholly owned subsidiary, Lioninc.com. He is a former president of the National Association of Mortgage Brokers. With Marshall taking on the role of president, Sam Ringer will become chief technology officer. Lioninc.com provides Internet products to bring together borrowers, real estate companies, mortgage brokers, mortgage lenders and financial institutions in order to facilitate home loans in the $1 trillion mortgage industry.

Windermere

The Oak Tree and Madison Park offices of Windermere Real Estate, in conjunction with the Windermere Foundation, have donated $18,125 to nine Seattle organizations that offer housing and other services to low-income and homeless children and families. The foundation is funded through a portion of brokers' sales commissions and other contributions.

Windermere has eight new sales associates in Seattle-area offices. They are: Darla Morton, Abner Eng and Kimberlee Boyton at the Mount Baker office; Marcus Crane, Bellevue Commons; JoAnn Clausen, Federal Way; Peder Nielsen, Northgate; and Dave Ripplinger and Erik Strand, Magnolia.

John. L. Scott

Rod and Jan Burruel have joined the Redmond office of John L. Scott Real Estate as sales agents. He is a professional golfer, who won the Trail BC Open and the Inland Pacific Northwest championships. She was the general manager for the Lakes Country Club in Palm Springs, Calif.

Also, John L. Scott has launched the fourth version of its award-winning Web site. Shelley Bjornstad, the company's Internet manager, said the site has a cleaner look and increased search criteria.

Re/Max

Re/Max-affiliated real estate associates in Washington completed 14,296 residential real estate transactions worth $2.7 billion in 1999, Company officials say the total dollar volume was up 6 percent over the previous year. Re/Max Canyon Creek Realty in Bothell led the state in transactions and Eastside Brokers in Bellevue led in dollar volume. Re/Max Key Land in Centralia ranked No. 1 in transactions per agent, and Pat Deptuch of Re/Max Sno-King Realty was No. 1 among agents in commissions earned. Judy Layton of Re/Max at the lake in Kirkland was No. 1 among agents who use sales teams. At year end, there were 41 offices and 716 Re/Max agents in the state.

MacPherson's

MacPherson's Better Homes and Gardens has nine new sales associates in the Seattle area. They are: Dana Fehrenbacher, Donna Hartwell and Philip Poole, in Renton; Vera Dekhtyar and Suzanne Fitzgerald, South Puget Sound; Jana Cobbin, Tracy Cobbin and Judy Wheeler, Seattle North; and Rod Coslett, Woodinville.