Jan 04, 2001

HouseValues.com

Nick Hanauer joined the board of HouseValues.com, a young online company whose Web site provides homeowners with estimates of their property's sale value. Hanauer is chairman of the online media company Avenue A and heads Second Avenue Partners, which led a recent, $2 million second round of financing for Bellevue-based HouseValues.com. A third, $1 million round of financing is expected later this quarter. "We are on track to reach profitability in the late spring of 2001 and do not anticipate the need to raise additional funds beyond this round," HouseValues.com founder and CEO Mark Powell said. Investors in the second round of financing also included Poseidon Ventures, Vault Capital and "many of the region's well-known angel investors," Powell said.

Housing Development Consortium

Jim Ferris became this year's president of the Housing Development Consortium of Seattle-King County. Ferris is executive director of the low-income housing maker Housing Resources Group. Other new board officers are: AIDS of Washington Executive Director Betsey Lieberman, vice president; Common Ground Executive Director Lynn Davison, secretary; and Impact Capital Deputy Director Alice Shobe, treasurer.

Apartment forecast

Jim Hebert of Bellevue-based Hebert Research will present his forecast for economic changes that will affect the apartment market at a Jan. 24 event organized by the commercial brokerage of Kidder Mathews & Segner. Hebert will speak between 8 and 9:30 a.m. at the Bellevue Club, southeast of downtown Bellevue. A continental breakfast will be served. Hebert said he'll work from an "economometric analysis of housing costs, employment, net population migration and supply of apartments" that gives his predictions 95 percent reliability. Seating is limited, Kidder said, so RSVP by Jan. 19 to (206) 296-9600.

Realtor of the Year

Wayne

Steven Waynereceived this year's Realtor of the Year award from the Seattle-King County Association of Realtors. Wayne works as an associate broker in Windermere Real Estate's Mount Baker office in Seattle. The association said he demonstrated "a faithfulness to the principles of the Realtor organization, professionalism and the code of ethics." The association also gave Wayne and four others -- Tara Cumminsof Coldwell Banker Bain, Philip Matricardi of Coldwell Banker Bain, and Mary Orvis of RE/MAX Metro Realty -- a special merit award for co-hosting the weekly radio program about home buying called KIXI Realtor Home Show.

The group also gave three Realtors awards for exemplary community service: Joan Wallace of Wallace Properties in Bellevue, Kimberley Brangwin of Coldwell Banker Bain in Seattle and Susan Horan of Coldwell Banker All-American in Federal Way.

The association's Pacesetter Award for outstanding contributions to the industry and community went to The Housing Partnershipfor advocating public policies that would increase affordable housing in King County.

Windermere Real Estate

Phil H. Carrillo joined Windermere Real Estate's Queen Anne office as a sales associate. Carrillo previously worked in sales and lending at Bank of America and in sales for Bentley Properties.

Bennett Cos.

Elizabeth Cole became marketing director for the Heritage Lodge at Totem Lake, a lodge-like, 86-unit seniors apartment complex set to open soon in Kirkland. Developer Todd Bennett's Bennett Cos. owns Heritage Senior Living LLC, which owns the Heritage Lodge.

Dec 28, 2000

Bennett Cos.

Paul Glosniak was promoted from vice president to president at Bellevue-based Bennett Homes. Glosniak replaced company owner Todd Bennett, who remains CEO of parent company Bennett Cos. Bennett said he wants to focus more time on the expanding Bennett Cos., which also operates the home design and development company First Edition Homes, Bennett Development, and property management company Bennett Properties. Bennett Homes started in 1981. It builds 40 to 50 homes each year on the Eastside that sell for between $300,000 and $500,000, and sometimes more. Glosniak has worked seven years at Bennett Homes, most recently as vice president for architecture.

Also, Steve Homiack has become executive director of Heritage Lodge at Totem Lake, an 86-unit apartment project for seniors that Bennett Cos. has under development in Kirkland. Homiack also took the title of president of Heritage Senior Living LLC, a Bennett subsidiary that develops senior communities. Before joining Bennett, Homiack was general manager for a 147-unit, upscale retirement community, Bennett said.

Security Properties

Tom Curran's Seattle-based Security Properties received a hefty $41 million from the state of California for 68 acres near Los Angeles that the state wants to preserve as park land.

Security said the state bought the undeveloped property "through the assistance of the American Land Conservancy and the Santa Monica Mountains Conservancy."

The Vista Pacifica property, also called The Hill, stretches from sea level to the highest point in the Los Angeles Valley. It's located between L.A. and Culver City.

"It provides sweeping views of downtown L.A., Catalina, the Santa Monica Mountains and the Pacific Ocean, Security said. "Originally part of the Spanish land grant, Security Properties over the past 12 years consolidated property in the area and was preparing to build housing on the site with its partner, John Laing Homes.

Of the $41 million, $32.5 million came from a state park bond, $4.5 million from the state general fund and $5.1 million from L.A. County Parks.

Security started in 1969. During the 1980s it bought more than 60 apartment projects out of developers' bankruptcy proceedings then went heavily into syndicating. The company now controls 29,000 apartment units in 38 states. A current project is developing the 264-unit Paulsbo place in downtown Poulsbo.