Aug 07, 2003

Federal Housing 101

Low-income housing advocates and providers will hold a forum on how to use federal housing programs called "Federal Housing 101." The Aug. 14 event will run from noon to 2 p.m. at the Sand Point Community Housing Association, 6940 62nd Ave. N.E., in Seattle. Sponsors say the event is for congressional staff, journalists, low-income housing tenants and advocates. The session will cover how to use federal programs and challenges the programs face. For more information, call Megan Farley at (206) 442-9455.

Seattle-King County Association of Realtors

Downs

The executive vice president of the Seattle-King County Association of Realtors is one of two local association executives nationwide named to the National Association of Realtors' board of directors for 2004. Ginger Downs will serve one year on the national board. She has been the Seattle-King County executive since 1994 and is a CPA. The national association has 907,738 members, making it the largest trade association in the country.

Merrill Gardens

Seattle-based Merrill Gardens bought an interest in four Seattle-area assisted-living centers for $45 million: two in West Seattle, one in Queen Anne and one in Marysville. Merrill entered a joint venture with developer Stone, Rivard and McGonigle Development of Spokane that gives Merrill an interest in an existing center in West Seattle's Admiral Heights area, another one that's about to open there on 35th Avenue Southwest and one to be developed next year on Fourth Avenue North in Queen Anne. Merrill also bought one in Marysville from Campbell-Hogue & Associates of Bellevue. The deals mean Merrill now has 15 communities in Washington, making it the state's largest provider of senior housing. Merrill, led by President Bill Petit, stands at 66 communities nationwide.

Windermere

Sara Thompson rejoined Windermere Real Estate, signing on as a sales associate in the residential agency's Wall Street office. Thompson worked in Windermere's Eastlake office prior to taking a two-year sabbatical in Spokane. Three sales associates joined Windermere's Queen Anne office: Lesly Brant, Sam Konswa and Holley Ring. Brant is new to real estate. Konswa came from John L. Scott Real Estate. Ring was previously district sales manager for Speechworks International.

Aug 01, 2003

Versata

Sue Quillian has been named a loan officer at Versata. She was previously a quality control officer for the company. Quillian joined Versata in 2002 and previously worked for Washington Mutual and Bank of America. Versata is a mortgage brokerage firm based in Olympia, with offices in Lacey and Aberdeen.

Jul 31, 2003

Premier Business Centers

An Irvine, Calif.-based commercial real estate investment firm, the Bascom Group, bought control of a small business suites center in Redmond along with centers in Pasadena and San Francisco. The Bascom Group, through its Premier Business Centers division, bought a 15,000-square-foot center in the Millennium Corporate Park in Redmond from Bear Creek Business Partners, Bascom said. Business suites operators lease space from office building owners and then re-lease it to businesses, equipping the offices with furniture, kitchens, technology, clerical staff and other necessities. Bascom assumes Bear Creek Business Partners' lease on 15,000 square feet in Millennium on Northeast Union Hill Road. The space has 65 rentable offices.

Bascom also bought a 13,000-square-foot center in Pasadena from Equity Office Properties Trust and a 14,300-square-foot one in San Francisco from Regent Business Centers. Newport Beach broker Robert Rush of US Realty Group negotiated new leases with the three centers' landlords for Bascom's Premier Business Centers. Premier now operates 20 business suite centers in California, Texas and Washington and says it plans to add 50 more to that throughout the West during the next five years, either by acquisition or start-up.

Opus Northwest

Cuthill

Dave Cuthill joined Opus Northwest as a real estate director in charge of retail development in the Northwest. Cuthill worked as a divisional vice president with Nordstrom. He is also a CPA and an attorney. He holds a bachelor's degree in business administration from the University of Washington and received his law degree from Seattle University.

John L. Scott

Seven residential agents joined the Lynnwood Center office of John L. Scott Real Estate: Shannon Simms, Tom Chamberlain, Loyal Ritter, Cynthia Chang, Kay Morgan, Sam Chui and Kalen Randall. Two joined the Lynnwood West office: Christina Lamb and Kristina Dizard.

Apartment building sales

A 116-unit Tacoma apartment building sold for $4.2 million. Southpointe Apartments LLC bought the Southpointe Apartments at 1314 S. Ash St. from Waverly Farms LLC. Marcus & Millichap brokers Robert Sheppard and Armand Tiberio represented both sides in the deal.

Pete Colbert sold the 32-units Marine Terrace Apartments at 6329 N. 26th St. in Tacoma to DPS

Marine Terrace LLC for $1.55 million. M&M broker Chad Duncan represented both parties.

In Burien, Peter Bradford sold the eight-unit Jubilee Apartments at 15404 10th Ave. S.W. to Michael Probach for $450,000. The broker on this deal was M&M's George Miller.

In Federal Way, the six-unit Soundview II Apartments at 28426 16th Ave. S.W. went for $680,500. Larry Hardie sold to Patricia Wurdeman. M&M's Tim Selden represented Hardie and Marc Cunningham negotiated for Wurdeman.

Stuart Rosenfeld sold a six-unit Seattle apartment building at 2009 N.W. 58th St. for $541,000 to Donna Munk. M&M's Dan Swanson put this deal together.

In Everett, G. Stephen Starkovich, Jr. sold a seven-unit apartment building at 3132 Lombard Ave. for $425,000 to Jon Iseman. M&M's Steve Steadele put this one together.