Sep 29, 2011

Skanska USA Commercial Development

Matheson

Dan Matheson joined the Seattle office of Skanska USA Commercial Development as senior development manager. He worked as an owner representative for the Seattle Mariners during construction of Safeco Field. He moved to San Diego and worked for Hines on the Petco Park baseball stadium. Later he worked on urban infill condominium projects for Intergulf Development. Most recently, he was a principal at Urban Collective Services, a development consultant in San Diego.

Network Mortgage Services

Woodbury

Network Mortgage Services is opening an office in Seattle. The non-bank lender operates branches as Network Home Loans. Mary Woodbury will lead the branch in the Plaza 600 Building at 600 Stewart St. She worked for Phoenix Mortgage, GMAC Mortgage and Landover Mortgage. The flagship office is in Lynnwood, with offices in Everett and Silverdale.

Associa

Wendy L. Jones is the new regional manager of marketing and sales for Associa on the West Coast. Associa manages community associations for multifamily properties. EMB Management of Bellevue is an Associa company.

MG Properties Group

MG Properties Group, a private San Diego company, acquired The Park at Northgate for $22.3 million, financed with a $17.35 million loan from Guggenheim Commercial Real Estate and Pillar Multifamily Limited Liability Co. that was arranged by George Elkins Mortgage Banking Co. The balance of the purchase price was provided by MGPG's Private Capital Group, a pool of high-net-worth investors. MGPG plans $2 million in upgrades ton the 146 units, using its in-house construction services. MGPG Senior Vice President of Investments Justin Smith said it is pursuing other acquisitions.

Retail Opportunity Investments Corp.

The publicly traded Retail Opportunity Investments Corp., which owns property in the Puget Sound area, says it has refinanced its $175 million senior unsecured revolving credit facility as well as $110 million senior unsecured term loan facility arranged by KeyBanc Capital Markets and Merrill Lynch, Pierce, Fenner & Smith. ROI owns shopping centers in Bothell, Lake Stevens and Kent, and has a 49 percent interest in Crossroads Shopping Center in Bellevue.

Capitol Hill Housing benefit

Omnivorous, a benefit for Capitol Hill Housing, will be at 6 p.m. tomorrow in Century Ballroom at 915 E. Pine St. The event showcases the food of 16 restaurants. Tickets are $75 and can be purchased at http://tiny.cc/hzty6. Capitol Hill Housing provides affordable housing and community development.

ICSC program

The International Council of Shopping Centers will hold a panel discussion at 5 p.m. Oct. 11 at Hard Rock Cafe, 116 Pike St., Seattle. Betsy Shriver of Retail Opportunity Investments Corp., Mel McCarthy of REI and Joe Geivett of Emerald Bay Equity will discuss retail real estate in the region. Register at icsc.org.

ULI event on housing

Urban Land Institute is holding a breakfast meeting at 7:30 a.m. Oct. 12 about what kind of mixed-use housing appeals to Gen Yers and baby boomers. ULI Senior Resident Fellow John McIlwain is the keynote speaker at the event at the Grand Hyatt Seattle, 721 Pine St. There will be a panel discussion by Katlin Jackson of Heartland, Todd Johnson of Children's Hospital and Joe Tovar, Shoreline planning director. Register at http://tiny.cc/ngqd4.