Apr 27, 2017
Cushman & Wakefield Commerce said Taylor Hazard is transfering from the firm's Denver office. The Seattle native will focus on the industrial market. With an undergraduate degree and MBA from the University of Denver, Hazard was named Cushman & Wakefield's Rookie of the Year in 2014.
NBS Financial Services has hired Colin Ceithaml as a financial anlyst on the Seattle loan origination team. He moves from Sunrise Mortgage and Investment Company in Pasadena, California., where he supported a $2 billion loan servicing portfolio with property inspection reports and third-party vendor coordination.
Investco Financial Corp. hired attorney Alee Allen from Riddell Williams, where she specialized in real estate leasing, acquisition, disposition, financing and development. In a statement, Investco's Angela Humphreys said, “Alee is already a trusted and valued member of the Investco-Tarragon organization and we're pleased to have her as a part of our team.” Investco and Tarragon are affiliates. Allen has a law degree from the University of Texas.
As reported last month, the CBRE team of Tom Pehl and Lou Senini sold the four-building, 10-acre Willows Commerce Park on behalf of Blackstone Group to Kennedy Wilson for about $75 million. CBRE also arranged a five-year loan of $48.9 million for Kennedy Wilson. CBRE said that Brad Zampa, Mike Walker and Megan Woodring of CBRE's San Francisco office arranged the five-year, full-term interest-only, floating-rate acquisition financing. Zampa said in a statement, “In this phase of the cycle, we have been continually surprised by a steady stream of new outlier capital sources reaching into our West Coast markets.”
Tacoma is offering a free commercial leasing workshop, led by CBRE's John Bauder and staff from the city's Community and Economic Development Department. CEDD director Ricardo Noguera said the goal is to help small businesses considering their first brick-and-mortar location and existing businesses ready to expand, as well as commercial brokers and commercial property owners. It starts at 6 p.m. Wednesday, May 3 at Bates Technical College's Business Center Auditorium, 1101 Yakima Ave. RSVP atpingg.com/rsvp/7w5tj7p265xqdf7m7.
Apr 20, 2017
NAIOP has set the date for its annual Broker Forecast breakfast: 7 a.m. Wednesday, April 26 at Four Seasons Seattle. This year's panel will be Laura Ford of Colliers, David Squire from NGKF's Portland office and Steffen Kammerer from Jones Lang LaSalle's Silicon Valley office. The moderator will be Rob Swartz, from the local branch of Kilroy Realty. More details and registration: naiopwa.org.
Based in Englewood, Colorado, the two-year-old e-brokerage BlueMatch has announced that it's entering the Seattle-Bellevue residential market. Co-founder Jonathan Dobbertin says the company's “software helps people sell their homes without having to pay a listing commission.” His partner is Solomon Geigle, a real estate veteran. The firm's website said it wants “to disrupt the antiquated state of real estate.” Dobbertin says the office will be in Galvanize, a co-work space in Pioneer Square.
At CCIM's recent Midyear Governance Meetings in Chicago, the President's Cup was awarded to several chapters including the Washington State Chapter of CCIM. State chapter President Michael Armanious said, “Our chapter leadership worked hard throughout 2016 to complete all the basics of education and networking. Receiving the President's Cup Award is validation for all the hard work our volunteers gave to our chapter during 2016.”
KeyBank has announced a $15.5 million bridge-to-HUD loan for Royal Hills Apartments in Renton. Amost all of the 284 units are reserved for individuals and families making at or below 45 percent of area median income. Some are also set aside for disabled renters at 50 percent of AMI. The property is managed by Preservation Partners Development of Torrance, California. PDP's Bill Szymczak said in a statement, “Our longstanding effort to serve the Renton community is bolstered by KeyBank's financial support.”
Tuesday, May 11 will be the lunchtime networking event for Commercial Real Estate Women Seattle & Sound. The gathering takes place at Motif, 1415 Fifth Ave. at 11:30 a.m. Marianne Trost, a professional trailer and coach, is the speaker. Details and registration: crewss.memberclicks.net.