May 19, 2016
Tacoma South Shopping Center
Colliers International retail team led by Paul and Billy Sleeth recently arranged more than $100 million in retail sales. Retail Properties of America bought a 230,657-square-foot shopping center called Tacoma South Shopping Center in Tacoma from Sterling Realty Organization for $39.4 million. Merlone Geier Partners purchased Alderwood Plaza Shopping Center, a 175,387-square-foot property in Lynnwood, from Barclays Realty & Management Co. for $40.5 million. Da Li Properties bought La Plaza Midway Shopping Center, a 75,830-square-foot property in Kent, from Tourmaline Capital for $19.2 million.
The Seminar Group will hold a meeting called Transportation Strategies in Washington Aug. 18 at Hilton Seattle, 1301 Sixth Ave. The event will look at the future of transportation in the region, and there will be overviews of Sound Transit 3, federal highway policies, issues of levy implementation and the relationship between transit and housing. For more information, or to register, visit: goo.gl/Af7DP8
An entity managed by George Webb and Anna Deliganis, both of Seattle-based The Stratford Co., paid $2.95 million for Brentwood Apartments, 4811 S. 252nd Pl. in Kent. The property was built in 1966, and it has 34 units. The buyer plans to renovate the property. Greg Wendelken, Ryan Kidwell, and Robert Parmar of Summerfield Commercial Real Estate Services represented the buyer and seller.
May 12, 2016
Cushman & Wakefield hired Sean Prasad as senior vice president of enterprise solutions. He will develop relationships and work on strategy for major corporations in the western U.S. Prasad was vice president of corporate real estate at T-Mobile, and previously worked on real estate teams at Logitech and Sun Microsystems. Cushman & Wakefield has more than 43,000 employees in 60 countries.
Provenance Hotels promoted Jennifer Cole to area director of sales for Seattle. She will be responsible for marketing and sales at Hotel Max and Hotel Theodore, the former Roosevelt Hotel that is being renovated and will reopen this fall. She has been with Provenance since 2013, when she started as business travel sales manager at Hotel Max. She was later promoted to complex business travel sales manager for Hotel Max and Roosevelt Hotel. Provenance is based in Portland and owns, operates and manages 2,500 rooms.
Jill White of Timber Ridge at Talus, a retirement community in Issaquah, received the superstar award from Life Care Services, a Des Moines, Iowa-based retirement community manager that manages Timber Ridge. Life Care Services manages more than 135 senior communities, serving 43,000 seniors in the U.S. Timber Ridge offers independent living, skilled nursing and rehab services.