Oct 13, 2011

Colliers International

Cooper

Ford

Office brokers Tony Ford and Bill Cooper joined Colliers International. Ford is a senior vice president in the Seattle office, and Cooper is a vice president in Bellevue. Ford has completed more than 1.5 million square feet of transactions and has represented Facebook, University of Washington and other clients. Cooper's clients include Sound Transit and ING Financial. Both were with Pacific Real Estate Partners, which merged last week with Jones Lang LaSalle. Office tenant rep specialist Bryan Rush earned the certified green broker designation. More information about it is at http://tiny.cc/cz2bc.

Marcus & Millichap

Marcus & Millichap Real Estate Investment Services named Justin C. White acting regional manager in Seattle. He replaces former Seattle Vice President and Regional Manager Greg Wendelken, who has left the firm. In addition to serving as acting regional manager of Seattle, White oversees the Portland, Reno and Sacramento offices as vice president of the Pacific Northwest, a position he has held since June.

NorthMarq Capital

Ron Peterson of NorthMarq Capital's Bellevue office arranged first mortgage financing through Freddie Mac of $19.3 million for Addison Greens, a 225-unit apartment in Puyallup. Financing was based on a 7-year term, interest-only for two years, followed by a 30-year amortization schedule.

NAIOP fall seminar

NAIOP's half-day fall seminar “Creating Value Part II: New Development” will be at 7:30 a.m. Oct. 19 at the Seattle Westin. Panelists are Tom Parsons of Holland Partners, John Parker of Bentall Kennedy US and Greg Smith of Urban Visions. Subsequent panels will cover land values and risk. Panelists for the land values program are Scott Biethan of CBRE, Rich Hill of McCullough Hill Leary and Brian Kenworthy of Kidder Mathews. Risk panelists are Marc Wright of US Bank, Jim Karambelas of GLY Construction and Mike Nelson of Schnitzer West. Continuing ed credits are available. Register at http://www.naiopwa.org.

Fall appraisal conference

The Seattle Chapter of the Appraisal Institute will hold its daylong Fall Real Estate Conference at 8 a.m. Oct. 27 at the Washington State Convention Center in Seattle. Keynote speakers are Real Capital Analytics Founder and President Robert White Jr. and Appraisal Institute President Joseph Magdizarz. Information is at http://www.ai-seattle.org or by calling (206) 622-8425.

Development incentives conference

The Real Estate Development Incentives Conference will be at 8 a.m. Nov. 3 at the Red Lion Hotel in downtown Seattle. Topics include tax credits, public financing, land use incentives, green building, conservation easements and public/private partnerships. Registration and information is available from The Seminar Group at http://tiny.cc/f1yqa.

Growth management seminar

The 20th annual Conference on Growth Management and Land Use is Nov. 3-4 at the Grand Hyatt at Olive 8 in Seattle. Law Seminars International hosts the conference for attorneys, real estate and land use professionals as well as city and county officials and planning consultants. Information is at http://tiny.cc/hegxi.

Oct 06, 2011

State Housing Finance Commission

Cote

Flynn

Lieberman

Rieckers

The state Housing Finance Commission gave Ray Rieckers a lifetime achievement award. He's the retired director of Housing Opportunities for Spokane Neighborhood Action Partners, an adjunct professor at Eastern Washington University, and on the Housing Finance Commission. Friend of Housing awards went to Betsy Lieberman, Seattle, executive director of Building Changes; Mark Flynn, Burien, retired from the U.S. Department of Housing and Urban Development Northwest field office; Marc Cote, Seattle, a director with the Washington Homeownership Resource Center and Parkview Services; retired architect John M. Campbell, founder of Homes For Islanders on Orcas Island; Arlene L. Patton, Spokane, retired from the Spokane and Boise HUD offices; Ray Mooney of Deer Park, retired executive of Sterling Savings Bank; and Elena Basset, executive director of the Colville Indian Housing Authority.

Norman Partners

Seattle real estate veterans Jim Norman and Rob Larsen formalized their long-time collaboration and formed Norman Partners, an advisory firm. Norman most recently was principal at MetPartners. He founded and ran The Norman Co., which was one of the region's largest real estate firms in the 1980s and 90s before its sale to Trammell Crow Co. Larsen most recently was a principal at ClearPath Real Estate, which used the clearpath strategic planning system. Originally created to develop and manage Disney Theme Parks, the clearpath system uses storyboards to display the complex functions of a corporate or institutional real estate portfolio.

Paragon Real Estate Advisors

Erik Peterson and Cathy Jeney of Paragon Real Estate Advisors represented an Anacortes limited liability company whose member is Joline Hedgcock in the sale of a six-unit Seattle apartment building, the 2707 Franklin, in the Eastlake neighborhood. James G. and Susan A. Lutz of Seattle paid $1.15 million. Paul Mickley, also of Paragon, represented the buyers. The building sold at a 4.8 percent cap rate. The buyer obtained a loan through US Bank.

Portland Housing Bureau

Uptown Tower, a 72-unit affordable housing complex in downtown Portland, is re-opening after a $16.2 million renovation. The Portland Housing Bureau worked with Guardian Real Estate, Oregon Housing Community Services, MHT Housing, JP Morgan Chase, PNC Multifamily Capital, LMC Construction, Carleton Hart Architects and Glow Interior Design. The project was part of the city's 11 X 13 housing preservation campaign, which identified 11 buildings with federal subsidy contracts, some of which were set to expire. The program prerserved more than 520 apartments.

New green valuation form

The Appraisal Institute released a form to help analyze energy-efficient houses. The group says this is the first of its kind for appraisers. It is an optional addendum to Fannie Mae Form 1004, which is widely used for mortgage lending. The addendum is at http://tiny.cc/kkada.

NAIOP program on Frederickson

NAIOP's South Sound Committee will hold a program on the Frederickson industrial area at 7:30 a.m. Oct. 14. Topics include how Pierce County's largest contiguous industrial area was developed, current projects and impediments to growth. Panelists will be economic development officials and representatives from Boeing and the Port of Tacoma. The event is at the Hotel Murano. Register at naiopwa.org.