Jan 22, 2004

Cushman & Wakefield

Cushman & Wakefield won the property management assignment at the 189,000-square-foot Quadrant Lake Union Center in Seattle's Fremont neighborhood. The Washington Capital Management property houses the world headquarters of Getty Images and three small retail shops. William Durslag, senior managing director of Cushman & Wakefield, says the deal is one of a growing list of management contracts.

Windermere

Seattle-based Windermere Real Estate has opened an office in the Las Vegas area. Windermere Prestige Properties in Henderson, Nev., will focus on residential resale, new construction and the burgeoning second-home market. Robyn Yates, the office's founding partner and managing broker, says the office has 20 full-time agents and plans to more than double that number in the coming months. Darci Severns has joined Windermere's Queen Anne office in Seattle as a sales associate. She previously held the same post with Frank & Dunya in Seattle.

Capital Direction: Northwest Investment Strategies

Cushman & Wakefield and KeyBank Real Estate Capital are hosing a symposium, Capital Direction: Northwest Investment Strategies, at 8 a.m. Feb. 12 at The Harbor Club, 777 108th Ave. N.E. in Bellevue. Featured speakers are Mike Scott of Dupre + Scott, Doug Pedersen of Conway Pedersen Economics, Tracy Edgers of KeyBank, Greg Laycock of Cushman & Wakefield and Scott Matthews of Vulcan. For more information and to sign up go to www.capital-directions.com or telephone Amy McCain at (206) 521-0279.

Continuing Education Seminar

A March 1 and 2 continuing education seminar at the Renaissance Seattle Hotel will explore how to structure, negotiate and document major commercial property sales. Seminar rates are $347.50 for students and $695 for others. To register, call (206) 567-4490, write registrar@lawseminars.com or go to www.lawseminars.com.

John L. Scott Real Estate Educational Conference and Trade Show

The 11th-annual John L. Scott Real Estate Educational Conference and Trade Show will be March 4 at the Meydenbauer Center in Bellevue. Sponsorship opportunities are available, at rates ranging from $595 per booth to $5,000 for lead convention sponsor. For details, call Lauren Eagle at (206) 230-7694 or write laurene@johnlscott.com.

Jan 15, 2004

Trammell Crow Co.

Wyk Parker and Dave Lamont have joined the Seattle office of Trammell Crow Co. Parker, formerly of Colliers International, joins as a vice president. He has 16 years' experience in real estate in the Puget Sound region and has completed about 600 sales and leasing transactions. He will focus primarily on brokerage services in the Southend market. Lamont has eight years' experience as a leasing and investment sales broker. He will work with Tom Abbott, director of brokerage services, as a senior associate in investment sales. Lamont's focus will be national as well as local markets.

Stellar International Holdings

Stellar International Holdings, a private investment company in Seattle, began repositioning its asset base last year. "We brought in a new president, Jeffrey Cook, and a new CFO, Valerie Margulis to drive what we see as an exciting period of growth ahead for SIH," Chairman and CEO Lars Jonsson said Monday when he announced the $52 million sale of a Stellar asset, the 12-story Frank Russell Building in Tacoma, to Wells Real Estate Investment Trust. Cook formerly was president and CEO of Penford Corp., and Margulis is the former director of real estate finance for Vulcan Inc.

BC Real Estate Associates

Mike Davis and Sarah Harkovich have joined BC Real Estate Associates in Bellevue. Both will continue their focus on land acquisition and new construction sales. Davis has 22 years of real estate experience, including land development, large-scale residential construction, commercial construction and sales. Harkovich's primary responsibility is to work with home builders, who are building up to 12 homes per year. She locates lots and meets with local government officials to determine feasibility. She also works with title and escrow companies and works with home buyers and manages information for BC's home-builder clients.

Rental Housing Association of Puget Sound

The Rental Housing Association of Puget Sound has elected Vincent J. Mullally president for 2004. Others elected are Cathy Jeney, vice president; Christopher T. Benis, second vice president; Lou Novak, treasurer; and Lou Micheli, secretary. The 3,200-member association says it is the largest group of rental housing owners in the Northwest. Members range from owners of a single rental house or condo to the largest apartment complexes.

WestCoast Hospitality

WestCoast Hospitality Limited Partnership, a subsidiary of the publicly traded WestCoast Hospitality Corp., has acquired the Red Lion Hotel Yakima Gateway in Yakima. The partnership previously controlled the 172-room property through an operating lease. In September, it exercised an option to purchase the hotel for $6.25 million. WestCoast used most of the proceeds from the previous sale of Red Lion River Inn in Spokane to buy the Yakima hotel. WestCoast officials say there will be no changes in the operation or name of the Yakima property.

Upcoming NAIOP event

NAIOP's annual Commercial Leasing Forecast will be at 7 a.m. Jan. 21 at the Grand Hyatt Hotel, 721 Pine St., in Seattle. Scheduled presenters are Ed Curtis of Washington Partners, Jeff Jochums of Colliers International, Arie Salomon of Puget Sound Properties, Susie Detmer of CB Richard Ellis, Gary Bullington of Cushman & Wakefield, Dan Boring of GVA Kidder Mathews and Robert Briscoe of Meriwether Partners. Cost is $30 for National Association of Industrial and Office Properties members and $45 for nonmembers. Reservations are due Friday and can be made at www.naiopwa.org or by calling (206) 382-9121.