Mar 01, 2012

Colliers International

Mutzel

Investment broker Patrick Mutzel joined Colliers International in Seattle as a senior associate. He represents local and national investors with investment property and development opportunities in the Puget Sound region. His focus is on multi-family and redevelopment. He worked for Grubb & Ellis' Seattle office, where he was 2008 rookie of the year and the 2011 top producer.

NWMLS officers

Haines

Diedre Haines, managing broker at Coldwell Banker Bain in Lynnwood, was elected chair of the board of directors for the Northwest Multiple Listing Service for 2012. Other new officers are Vice Chair Bobbie Petrone Chipman of John L. Scott in Puyallup, Treasurer Darin Stenvers of JLS in Bellingham and Secretary Ken Anderson of Coldwell Banker Evergreen Olympic in Olympia.

Multieducator

Multieducator has created an app called the Real Estate Investor Formulator. Apple users can calculate market value, vacancy loss, rent multiple, net operating income and other formulas. Sections include capitalization, debt ratios, depreciation, interest, investment returns and formulas for calculating rental income.

CREW lunch

Economist Matthew Gardner will speak at Commercial Real Estate Women's annual economic forecast lunch at noon March 8 at the Washington Athletic Club in Seattle. Register at crewseattle.org.

Essentials of foreclosure defense

A half-day class called “Essentials of Foreclosure Defense” will be at 9 a.m. March 20 at Hotel 1000 in Seattle. Attorney Christopher Mercado of Mercado & Hartung is the presenter. Register for the Law Review Cle seminar at http://tiny.cc/50wku.

Feb 23, 2012

RPM Mortgage

Patrick Palmer joined RMP Mortgage, a Walnut Creek, Calif., company that is expanding to the Pacific Northwest. Palmer is president of the Northwest division, and will be based in Portland.

LIHI's Ernestine Anderson Place

The Low Income Housing Institute named its new Central District senior housing project Ernestine Anderson Place. The 61-unit complex is at 2010 S. Jackson St., and will house low-income and previously homeless people. Nightclubs lined Jackson Street during the jazz era, and Anderson performed there, along with Ray Charles, Quincy Jones and others. Runberg Architectural Group designed the project and Walsh Construction is building it. Financing is from the city, King County, United Way, US Bank, and state and federal agencies. It is scheduled to be done by year's end.

WNC & Associates

WNC, a national investor in urban renewal and affordable housing, provided $8 million in new markets tax credit financing to Navos Mental Health Solutions to complete its two-building Burien campus at 1210 S.W. 136th St. WNC worked with King County Housing Authority, National Development Council and US Bank to provide new market tax credit allocations totaling about $24 million. DKA Architecture and Abbott Construction are on the team. Work should be done this fall.

SMBA Eastside program

The Seattle Mortgage Bankers Association will hold its Income Property Lunch on March 1 at The Harbor Club in Bellevue, with a focus on the Eastside. Ernie Velton, JSH Properties, will moderate a discussion by multi-family broker Pete Shelton, Cushman & Wakefield|Commerce; retail expert Bob Wallace, Wallace Properties; and office broker Conor Curtis, Washington Partners. The industrial market also will be discussed. Register at http://tiny.cc/dfwv4.