May 27, 2003

Versata

Mortgage broker Versata named Tram Bowen and Wendy Dierick loan officers. Bowen will be based in Versata's Lacey office. Dierick will also serve as an assistant in the firm's construction department. Versata has offices in Lacey and Aberdeen.

May 21, 2003

Durham Upholstery

Durham Sunroof and Upholstery closed its doors after 47 years of operation and has reopened again with the help of the original owner, Earl "Willie" Williamson. He founded the company in 1956 and sold the business in 1999 to retire from the industry. He is now back at work with the new owners as a consultant to "bring back the quality of workmanship and standards that made Durham the leader in the industry for almost 50 years," according to sales manager Bret Langridge.

May 15, 2003

Quadrant Corp.

Lorenz

Michael Lorenz was promoted at Quadrant Corp. to director of land acquisition, up from manager of land acquisition. Lorenz reports to Executive Vice President Peter Orser, who described the promotion as part of increasing Quadrant's home building activity. Lorenz will manage external communication with vendors, architects, engineers, planners and government agencies. He joined Quadrant in 2000 after seven years at Jan-Wes Homes that included responsibility for land acquisition and sales. Lorenz holds a bachelor's degree in community and regional planning from Iowa State University.

Figel Real Estate Partners

Figel

Commercial broker Jim Figel, most recently with Trammell Crow Co. in Seattle, has formed his own firm in downtown Seattle, Figel Real Estate Partners LLC. Figel said he'll focus on investment and leasing of urban office, retail and developable land. During his 18 years in the business, Figel has worked for LaSalle Partners, Waterman Ltd., the Norman Co. and Trammell Crow.

Harbor Properties

The National Association of Home Builders gave Seattle-based Harbor Properties a "Best Overall Leasing Campaign" Pillar Award for marketing of Harbor's new Press Apartments. Harbor emphasized involving the community in conception of the project on Seattle's Capitol Hill. That included a Press Connector Program that Harbor says put 100 people on a Press e-mail list. Harbor held "project envisioning sessions" with neighborhood residents and businesses that both shaped the project and built trust, Harbor says. During construction, Harbor sent out "teaser" material that built intrigue about the project. The marketing generated pre-sales of 27 of the Press's 75 units, which are now fully rented despite the highest vacancy rates region-wide in 20 years.

GE funds $11.5M Haggen grocery

GE Business Asset Funding issued $11.5 million in construction and permanent financing on a new Haggen Food & Pharmacy store in Arlington. The borrowers are Patrick and Stephanie McCourt and 204th Street LLC/Barclays North Inc. Construction of the 61,000-square-foot structure will take 12 months. The location is 204th Street and Highway 9.

Marcus & Millichap

The 26-unit Newport on the Park apartments in Bellevue sold for $2.67 million, or $100,000 per unit. The seller was Eie Family Trust, and the buyer was Michael Roeter, both represented by Marcus & Millichap broker Robert Sheppard. The property is at 3520 Lake Washington Blvd. S.E.

Hendricks & Partners

The 67-unit Roy Street Apartments on Seattle's Capitol Hill sold for $6.7 million, $100,000 per unit. 100 Roy St. Apartments LLC bought it from DRT Properties, with Hendricks & Partners broker Kenny Dudunakis putting the deal together.