Feb 04, 2016
Urban Renaissance Group promoted Troy Black to chief financial officer of both URG and Touchstone, and Shawn Jackson to vice president and regional manager of URG. Black is currently CFO of Touchstone, which was acquired by URG in 2014 and operates as a wholly owned subsidiary. He has more than 25 years of financial and real estate experience including leadership positions at Weyerhaeuser's real estate arm. Jackson is currently URG's general manager. In his new role, Jackson will focus on business development with an emphasis on leasing and operations. Jackson worked at Hanover Co., Equity Office Properties Trust and The Benaroya Co.
Tarragon hired Aegir Olsen as a development associate to focus on acquisitions and market analysis for the multifamily and industrial teams. Olsen recently graduated from the University of Washington with a bachelor's degree in construction management. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.
Mia Marshall has been selected to join NAIOP's national board of directors. Marshall is a managing principal at EHS Design, a Nelson company. She serves on the Washington NAIOP chapter board and now will be on both boards concurrently. Washington's chapter is the fifth largest in the U.S. with more than 800 members.
Avenue 55 said it promoted Drew Zaborowski to development manager and added Emily Welch as a development associate. Zaborowski started at Avenue 55 in 2013 as a development associate working on industrial and office projects. Welch will handle industrial, office and mixed-use projects. The Seattle-based firm focuses on investment and development. Its website lists several industrial projects in south Puget Sound.
Commercial Real Estate Women Seattle & Sound will offer its 2016 economic forecast at 11:30 a.m. Feb. 11 at Washington Athletic Club in Seattle. Speakers are Svenja Gudell, chief economist at Zillow; Stuart Williams, managing director at Jones Lang LaSalle; and Skylar Olsen, senior economist at Zillow. They will discuss macroeconomic conditions and offer predictions for commercial and residential real estate in Seattle. For more information or to register, visit: goo.gl/eXuLyN
Jan 28, 2016
In 2015, 133 houses, development sites and condos valued at more than $55 million were sold at Suncadia. Prices ranged from $80,000 to $3 million, Suncadia officials said in a press release. Suncadia sold 69 development sites, 46 custom houses and 18 condos last year, with the average price up 30 percent from 2014. Since 2003, 715 houses and condos have been built at Suncadia. Suncadia is about 80 miles east of Seattle near Cle Elum. It is owned by an affiliate of Lowe Enterprises and a subsidiary of Oaktree Capital Management, both of Los Angeles.
Seattle-based real estate services company Madison Bay Commercial added Erwin Park as a partner. Park has nine years of commercial real estate experience with a focus on representing tenants in sales and leasing. He was a broker and advisor for NAI Puget Sound Properties and Jones Lang LaSalle.
Point B Inc. named Maureen C. Waters a principal focused on property development. Waters has more than 20 years of experience and last worked as head of real estate and asset management for Bill Gates Investments. Prior to that she spent 15 years as an executive at Cushman & Wakefield. Point B is based in Seattle and does development, management consulting and venture investment. Point B's website says it has worked on ski resorts, airport terminals, schools and tech projects.
A two-day seminar on housing and mixed-use development called “Cashing in on the boom and avoiding litigation” is set for March 17-18 at Hilton Seattle. The Seminar Group event will cover city politics, law, transportation and the challenges of projects, with perspectives from developers, designers and lenders. Program co-chairs are Gregory A.V. Clark of Foster Pepper and Samuel Jacobs of Helsell Fetterman. For more information or to register, visit: goo.gl/Bxs4yq