Dec 07, 2017
Brian Surratt, director of the Seattle Office of Economic Development, is resigning after 12 years with the agency and joining Alexandria Real Estate Equities. In a statement, he said, “Alexandria is one of the largest urban developers focused exclusively on collaborative life science and technology spaces in our nation's leading innovation cities. Clearly, I am neither a scientist nor a technologist, but I am excited by the opportunity to help create places for the smartest people in the world to find cures, push new ideas, and transform lives.” Surratt worked on the KeyArena deal with Oak View Group, and community partnerships for the Liberty Bank Building and AfricaTown Plaza. The city named Rebecca Lovell as interim director for the OED.
Though it has been active in Seattle, Holliday Fenoglio Fowler is opening an office here. Thomas Wilson will come up from the HFF Portland office to co-lead the Seattle team along with Ira Virde, who will remain in the Portland office. The Seattle team will be Evan Kovac, Dave Otis, Christopher Ross and Scott Gilson. From HFF's Chicago office, Matthew Lawton said in a statement, “HFF has been very active in the Seattle market for more than 20 years and strongly believes in the city's economic strength and growth prospects into the future.” This will be HFF's 25th U.S. office.
Local brokerage firm Redfin issued its annual diversity data. Over the past year, the company reports an over six percent increase in women on its technology team, which includes engineers, product managers and product designers. Women now hold 32 percent of those titles. In all corporate ranks, women's representation has grown to 60 percent of the workforce. Gains in racial diversity were also reported. Company CEO Glenn Kelman said of the progress, “Folks in these roles have an unusual amount of power, determining what millions of online visitors see on our website and our mobile application. While recruiting and developing women for technical roles continues to be important, in 2017 we decided that racial and ethnic diversity would become a higher priority.”
Cascade Sotheby's International Realty says in the first three quarters it has closed $1 billion in deals. CSIR's market is central and western Oregon, including Portland, and southwest Washington, including Vancouver and the coast. The company hired 81 new brokers, according to CEO Deb Tebbs.
Nov 30, 2017
Following a recent sales event, when condo buyers actually camped on the sidewalk, Realogics Sotheby's International Realty says that the Nexus condominium — now under construction in the Denny Triangle — is 90 percent pre-sold. RSIR is marketing the project for Vancouver, B.C.-based Burrard Group. Dean Jones of RSIR said all 28 City Suites units recently sold for between $340,950 and $667,950, some without parking spaces, which can be separately purchased for $75,000. The suites are a mix of studios and urban one-bedrooms, and range from 354 to 498 square feet. “It felt like Black Friday, except it was a Saturday, and these are condos,” said Smith. “Our sales success demonstrates the pent-up demand for efficiently scaled and attainably priced new condominiums in downtown Seattle.” Designed by Weber Thompson and being constructed by Skanska, the 389-unit, 41-story Nexus is expected to open in 2020.
The International Special Review District has announced the results of the board member election held on Tuesday, November 21. Joining the board, which oversees the Chinatown-International District and smaller National Historic District within it, are David Leong, Russ Williams and Tom Cheng. The ISRD was formed in 1973. Terms for the new board members start in December.