Jun 22, 2000

Tarragon Development

Dennis Rattie has joined Tarragon Development as development manager for mixed-use projects. Rattie was director of development and construction for Alterra Healthcare Corp., where we worked for 12 years. At Tarragon his first responsibility will be completion of the grocery-anchored Lakeland Town Center in Auburn. He'll also work on Tarragon's planned project in downtown Seattle's Belltown area and a retail complex planned for Bonney Lake.

Chiles & Co.

GayLynn Beighton of Seattle-based Chiles & Co. was named broker of the year by the Washington Chapter of the Commercial Investment Real Estate Institute, an affiliate of the National Association of Realtors. Beighton leads Chiles & Co.'s Snohomish County activities and serves as a director of the Commercial Brokers Association. The institute also gave a lifetime achievement award to Palmer Berge, who helped form the local chapter.

CREW topic: what fast-groing firms want

Jane Blair of CB Richard Ellis and Julie Benezet of Amazon.com will take the speaker's podium at the next Commercial Real Estate Women monthly luncheon. The two will discuss what fast-growing companies want, where lease rates may go and what landlords want (outside of the obvious). Blair is a CB vice president and broker. Benezet is Amazon.com's director of global real estate and facilities. The event will be Thursday, July 13, at noon in the Washington Athletic Club's Crystal Room. For reservations or information, call (206) 361-6859.

Jun 20, 2000

Stoneway Roofing

Seattle-based Stoneway Roofing Supply has signed a letter of intent to buy Homestead Roofing Supply of Clackamas, Ore. The deal is expected to close July 1. The acquisition of Homestead will be 76-year-old Stoneway's first location outside the Seattle metropolitan area. Homestead has been in business for 10 years.

Jun 15, 2000

Norris Beggs & Simpson

Beth Johnston was promoted to senior vice president of Portland-based Norris Beggs & Simpson. Johnson will "lead the charge on new business development for the property management division as well as focus on client services and development for all divisions," Norris Beggs said. She "will spend a great deal of time building additional business for the Puget Sound market." Johnston joined the firm in 1993. Her most recent assignment was project manager for the 750,000-square-foot Lincoln Center office complex in suburban Portland.

Bentall U.S. LLC

Dennis L. Burch has joined Bentall U.S. as a project manager. Burch will work on tenant improvements at Five Newport in Bellevue and Millennium Corporate Park in Redmond and on planning of the proposed downtown Bellevue office complex called The Summit. Burch came from CDP Group LLC.

Sterling Realty Organization

Alison and Carolee Danz have become co-chairwomen of Bellevue-based Sterling Realty Organization. The two cousins replace Fred Danz, who puts on the chairman emeritus hat. Alison is Fred's daughter. David Schooler continues as SRO president. SRO, formerly a large theater chain owner, controls land in the heart of downtown Bellevue, among other places, and the Sterling Plaza retail center in Factoria. The firm is developing a 100,000-square-foot second phase of Sterling Plaza.

Windermere Services Co.

Don Riley became executive vice president of Seattle-based Windermere Services Co., which assists the chain of 200 Windermere residential agencies throughout the Northwest. Riley came from Norwest Mortgage and previously was an owner and general manager of the Windermere Real Estate East office.

Windermere Real Estate

Sales associate Pat Kelsey moved from the Seattle-Oak Tree office to Seattle-Northwest. Julie Kathan came from Coldwell Banker/All American Associates to work as sales associate in Windermere's Federal Way office. Diane Halberg became a sales associate in the Seattle-Queen Anne office; she was leasing agent at Silversmith Cohen Properties in Denver. Halberg also previously owned Razz M'Tazz Consignment Boutique in Lower Queen Anne. Sandie Staback came from ReMax in Bothell to work as sales associate in Windermere Kirkland-Northeast.

Paragon Real Estate Advisors and Marcus & Millichap

Paragon and Marcus & Millichap steadily broker sales of apartment buildings that don't make it into these columns because the buildings tend to be smaller and thus not traditionally newsy. But both outfits crank out such large volumes that they play a role in the economy.

Seattle-based Paragon says it has closed at least 524 transactions in the Puget Sound area totaling $905 million since it was formed five years ago -- or deals totaling almost $100 million a year. Marcus & Millichap, based in Palo Alto, Calif., says its 34 offices around the country, including one in Bellevue, closed 2,047 deals last year totaling $5.2 billion. So here's a glimpse of what they do, via the latest deal to come through for each.

Paragon broker Eric Smith represented the seller in landing $1.1 million for the 10-unit Kathwynn Apartments on upper Queen Anne. The price comes to a handsome $109,650 per unit. The two-building Kathwynn complex was built in 1947 at 215 Aloha St. and 821 Third Ave. N. Paragon didn't identify the seller or buyer; King County property records say Boulder LLC bought the property in June 1998 for $860,000.

Marcus & Millichap broker Robert Di Pietrae represented Ron and Nancy Gammill in selling the 17-unit Hampton Court apartments in Seattle for $1.4 million, or $82,000 per unit. The buyers were Hal and Myrtle Ryan, represented by Randy Peterson of Westlake Associates. Hampton Court is at 10306 Holman Rd. N. The Gammills bought it for $1.1 million in 1995 and "virtually rebuilt it" last year after water damage covered by insurance, Di Pietrae said. Property records indicate the owner before the Gammills paid $2 million for Hampton Court in 1990.