Jul 09, 2020
Kidder Mathews has completed several leadership changes first announced earlier this year. Jeff Lyon has stepped down as CEO to become chairman, and Bill Frame has stepped up to become CEO. Brian Hatcher is now president and COO. Under Lyon's leadership, KM has grown from four offices in Washington to 22 offices in five states with 900 people. California has been a particular target for recent growth. Last year KM did about $9.6 billion in deals. It manages about 70 million square feet. It's the largest independently owned commercial real estate firm on the West Coast.
Oakpointe Communities, which is gradually developing the large Ten Trails residential subdivision in Black Diamond, announced the recent hiring of Sharon Snook as assistant project manager and Jack Sparks as project engineer. When completed circa 2030, the phased development could have around 6,000 homes on 2,200 acres, along with 1 million square feet of commercial space.
The nearly completed Emerald condominium tower, developed by Daniels Create World Seattle, still has units left to sell. As part of the lure, Columbia Hospitality will manage and operate the 40-story, 262-unit building. Polaris Pacific is the sales agent, and its Josh Nasvik said in a statement, “We are delighted to partner with such a respected hospitality brand and look forward to their efforts in creating an effortless five-star living experience.” Amid fears about the ongoing pandemic, the operator's new Columbia Clean initiative — also to be employed at its other properties — includes measures like cleaning with electrostatic sprayers and ultraviolet light, plus low- and no-touch controls. The sales site is theemeraldseattle.com.
Those seeking legal counsel for their deals, leases and contracts will have a new player to call: Seyfarth has expanded to the Puget Sound region with its 17th office, at DocuSign Tower downtown (formerly Wells Fargo Center). Partner Denice Tokunaga will lead its real estate team, which also includes Jami Balint. The office will have 13 attorneys, plus support staff. Seattle resident Tokunaga was previously a partner at Summit Law Group.
Jul 02, 2020
Heartland, which is owned by Laird Norton, is adding to its team. Branson Brinton was recently named a new asset manager for the firm, which provides real estate advisory and investment services. He was previously an asset manager for PEG Cos. in Provo, Utah. He holds degrees from the University of Southern California and Brigham Young University.
Gantry announced that its Michael Wood and Colin Ceithaml recently secured a $12 million mortgage loan, provided by Lincoln National Life Insurance Co., for the owner of Lago de Plata, in Everett. That's a 40-acre, 273-pad, age-restricted mobile home park located near Silver Lake, just west of Interstate 5. It's owned by an investor group with offices on Mercer Island, and hasn't traded in decades.