Aug 23, 2012

Marcus & Millichap

Marcus & Millichap Real Estate Investment Services promoted Robert Sheppard to executive vice president of investments. Sheppard, who works inSeattle, will continue in his role as executive director of the Tax Credit Group, which last year closed 93 Low-Income Housing Tax Credit property sales and capital markets transactions valued at more than $890 million. The firm also promoted eight western-based agents to vice president investments. They are Marc Cunningham, Seattle, multifamily; Jon Hendrickson, Denver, retail and net-leased; Steve Gebing, Phoenix, multifamily; Mark Ruble, Phoenix, retail and net-leased; and Chris Child, Salt Lake City, multifamily.

Kidder Mathews

Ryan Dinius joined the Seattle office of Kidder Mathews, where he will specialize in multi-family sales and development sites in the Puget Sound region. Kidder Mathews has more than 200 brokers in nine offices in Washington, Oregon and California.

Blueprint Capital

Robert Fuller joined Blueprint Capital as CFO and chief credit officer, and company co-founders Mark Knoll and Dan Duffus were was named CEO and director of builder services, respectively. Fuller held senior executive posts at US Bank, Sterling Savings Bank and Golf Savings Bank. Seattle-based Blueprint is a residential construction lender.

Bank of America

Bank of America has awarded 13 grants totaling $200,000 to Puget Sound-area nonprofits that work on affordable housing and community development projects. The grants are part of a $22 million national fund for nonprofits that build and rehab affordable housing; and offer foreclosure prevention services, homeowner counseling and neighborhood revitalization services. According to local recipients, the grant will help create 1,600 new housing units in the Seattle area.

How to structure investments

The Seminar Group is putting on a day-long program about structuring commercial real estate investments Sept. 12 at the Washington State Convention Center in Seattle. Lawyers will review the basics and talk about issues to watch for. The seminar is for attorneys, investors, brokers, appraisers, lenders, developers and contractors. Continuing education credits are available. Registration and other information is at http://tiny.cc/c646iw.

Aug 16, 2012

Phillips Real Estate Services

Julie Johnson is the new director of the Residential Group at Phillips Real Estate Services of Seattle. The group focuses on property management, leasing and sales for single-family homes, condos and small apartment buildings. She is president of the Rental Housing Association, teaches classes and hosts “The Rental Property Coach” show on 1590 AM. She and her husband own 10 rental units.

Blueprint Capital

In releasing its second quarter results, residential construction lender Blueprint Capital of Seattle said raising capital to expand is a priority. Company earnings increased to $865,475, up 68 percent compared to a year ago. It was the 10th consecutive quarterly profit for the company, which focuses on green builders. During the quarter, the company funded 51 loans totaling $34.3 million, and total assets grew 78 percent to $45 million. Annualized return on average assets was 8.5 percent and return on average equity was 13.6 percent. Blueprint uses proprietary software to originate and service loans. Company CFO Mark Knoll said the technology will allow Blueprint to expand in new locations.

All Property Management

Seattle-based All Property Management said it conducted a survey that shows professional property managers can help minimize tenant turnover and vacancies. The survey showed 67 percent of property management companies can typically fill a vacancy in four weeks or less; and that 51 percent of professional managers can keep the cost of rehabbing a property between renters under $1,000. The company says it's the largest online U.S. property management network.

ULI Tacoma program

The 8 a.m. Sept. 12 meeting of Urban Land Institute's Northwest chapter will focus on development in Tacoma. The program will be at the new LeMay car museum at 7202 E. D St. There will be a panel discussion and tour of the museum. Register at http://www.northwest.uli.org or by calling (800) 321-5011.