Jul 24, 2003

Andover Co.

Brian Bruininks joined the Andover Co. in Tukwila as a commercial broker and vice president. Bruininks started his career with Grubb & Ellis in 1995 and joined Colliers International two years later in industrial leasing and investment. He rose to Colliers vice president. Clients lately have included Rreef Funds, AMB Property Corp. and Property Reserve Inc. "Instead of being 20 miles from the (Kent Valley) market, I will be in the heart of it," said Bruininks, who brings Andover to 11 brokers covering south King County and Pierce County.

L.J. Melody

The new owners of Alderwood Plaza, a 23-year-old retail center next to Alderwood Mall in Lynnwood, received $13.65 million in permanent financing from a life insurance company represented by the Seattle office of the commercial mortgage firm L.J. Melody & Co. Principals of Gramor Development Washington LLC and Barclays Realty bought the 178,500-square-foot plaza in June for $21 million from the Estate of James Campbell. Melody's Lois Townsend and Jack Standeford arranged the permanent financing.

Melody also arranged $8.5 million in permanent financing for The Market at Lake Tapps, a 67,000-square-foot neighborhood retail center. "Salomon provided the funding on behalf of ownership," Melody said. Keith Braddish of Melody's New York office secured the funding with help from the Seattle office.

CWCapital

Al T. Lynch III joined CWCapital's Bellevue office as a loan officer responsible for Fannie Mae multifamily originations in the Northwest. Lynch previously headed his own commercial mortgage brokerage firm called ATL Commercial Mortgage. He has worked in mortgage brokering for 18 years. He attended Western Washington University and Evergreen State College.

John L. Scott

Murren

John L. Scott Real Estate's Bellevue Place office added five sales associates: Neil Green, Karl Green, Sue Ung, Kathy Heinemann and John Hancock. Debbie Murren joined the Kirkland office. James Tate started selling in the Belltown office. Port Orchard added two people: John Voigt and Jill Swenson.

Windermere

Windermere Real Estate's Ballard office hired two sales associates: Dane Murphy and Kelly Souder. Murphy worked an developer for six years and has sold retail property as a Colliers International broker. Souder was previously a sales assistant with UBS Paine Webber. Fiore N. Pignataro joined Windermere's Eastlake office. Pignataro was a school teacher, most recently a middle school teacher with Villa Academy in Seattle.

Jul 17, 2003

Radford & Co.

Manu and Malia Radford recently purchased Radford & Co., a Bellevue-based commercial real estate firm, from Manu's father, Colin Radford. Malia Reid Radford was named president and chief executive. She has been the firm's chief operating officer since 1988. The Radford family has run the firm for four generations, since its founding by Colin Orme Radford -- Manu's great grandfather -- in 1921. Radford & Co. provides asset management of commercial real estate, with an emphasis on retail properties. Over the years, the firm has acquired and pre-leased retail sites throughout King and south Snohomish counties. Manu also owns Manu's Maintenance, a firm specializing in tenant improvements and asset preservation and maintenance.

Davis Property & Investment

Medline Industries, a Chicago-based private medical-equipment distributor and manufacturer, recently purchased a 500,776-square-foot lot at the Valley Distribution Center in Sumner from Davis Property & Investment. The $3.2 million purchase price includes the design for a 230,000-square-foot concrete tilt-up distribution center. Medline is relocating from its distribution center in Auburn. DPI will remain involved with permitting and project consulting. The design team for the building includes Thomas Cook Reid Reinvald, AHBL Inc., and Rykels Engineering Group. The Valley Distribution Center includes six lots, totaling about 633,000 square feet at build-out. Medline purchased lot "B."

CWC Capital

Al T. Lynch III joined CWC Capital as a loan officer. Lynch had been running his own company, ATL Commercial Mortgage, where he specialized in multifamily and commercial property loans. Lynch will work in CWC Capital's Bellevue office, where he will be responsible for Fannie Mae multifamily accounts. Lynch attended Western Washington University and The Evergreen State College.

KeyBank

KeyBank and the Archdiocesan Housing Authority of Western Washington worked together to develop Traugott Terrace, an affordable-housing project at 2313 Third Ave. in Belltown. The 50-unit building was constructed using the city's new sustainable-building guidebook, "SeaGreen: Greening Seattle's Affordable Housing." The guide, available online at http://www.cityofseattle.net/housing/07-FreePublications/SeaGreen.pdf, was designed to help designers and builders conserve energy and reduce costs. Key's Community Development Lending group provided a $4.2 million construction loan for the project, which was developed by the Archdiocesan Housing Authority.