Dec 22, 2011

Cushman & Wakefield|Commerce

Turpin

Ed Turpin joined the Seattle office of Cushman & Wakefield|Commerce as director of asset services. He was senior VP of Investco Management Services, overseeing a 5 million-square-foot portfolio.

Kidder Mathews

Hennessey

Janice Hennessey, an associate vice president with Kidder Mathews, moved to the Seattle office from the San Francisco office. She will continue to work with life science, clean-tech, medical and technology companies, representing landlords and tenants. She has worked with developers such as Alexandria Real Estate Equities and BioMed Realty Trust and represented tenants from start-ups to Abbott Laboratories, Amgen and Bristol Myers Squibb.

Realtor of the Year

Greenlaw

Kristen Greenlaw of Windermere Northeast in Kirkland was named Realtor of the Year by Seattle King County Realtors. Other winners were Beverly Read of Windermere Northlake, Lifetime Achievement Award, and Claudia Wicks of Real Estate Base Camp, Instructor Lifetime Achievement Award. Jeff Van Nostran of Salal Credit Union was named Affiliate of the Year. Georgia Wall-Schoonover of John L. Scott got the One to Watch Award.

iCORE Global and Hampton Realty

The corporate real estate company iCORE is opening a Seattle office. The Hampton Realty group joined iCORE to become iCORE Seattle. Charlie Hampton III was appointed senior managing partner. He is a former VP with Grubb & Ellis and also worked for Pacific Real Estate Partners and Cushman & Wakefield, representing Seattle office tenants.

Umpqua Bank

Umpqua Bank launched a commercial real estate division to expand its real estate presence in Oregon, Washington, California and Northern Nevada. It will provide construction lending, portfolio lending and interim real estate loans on income-producing properties. John Swanson has been promoted to senior VP and commercial real estate manager for the new division. He is based in Seattle and will report to Cort O'Haver, executive VP of commercial banking.

CBRE, Northwest Commercial Mortgage

Thornton Place in Seattle obtained $75.5 million in financing from Cornerstone Real Estate Advisers LLC. Gary Beem of Northwest Commercial Mortgage and Mark Capeloto and Michal Makar of CBRE Capital Markets Debt & Equity Finance arranged the long-term loan. Stellar Holdings represents the LLC that owns the property. Thornton Place has 115,000 square feet of commercial space anchored by Regal Cinema and the University of Washington Northgate Clinic, which is scheduled to open this spring. The complex has 279 apartments, 109 townhouses and a 922-stall underground garage with 350 stalls leased to the King County Metro Park and Ride.

Paragon and Gibraltar

The San Marco apartment building in Uptown sold for nearly $2.4 million to Gibraltar. Eric Smith of Paragon Real Estate Advisors represented the seller, 555 Aloha LLC, whose manager is James Hughes of Seattle. Gerry Pigotti and John Slonecker of Gibraltar LLC represented themselves. Sterling Savings provided financing, with Gary Watts of Vesta Capital arranging the loan. The 14-unit property at 555 Aloha St. was built in 1925 and is home to Laredo's Restaurant.

Marcus & Millichap

The 12-unit Jabeth Apartments at 301 N. 45th St. in Seattle sold for $1.15 million. Dan Swanson of Marcus & Millichap in Seattle marketed the property for an LLC whose managers are Dan Crews and Chakorn Phisuthikul. Swanson also secured the buyer, an LLC whose member is Andrew Person, according to state records. The property was built in 1956 and upgraded in 1979.

Horizon Northwest Realty Group

Horizon Northwest Realty Group has opened in Tacoma at 7 St. Helens Ave. Shauna Brennan is the owner and Jason Kjellesvik is the broker.