Jun 20, 2000

Stoneway Roofing

Seattle-based Stoneway Roofing Supply has signed a letter of intent to buy Homestead Roofing Supply of Clackamas, Ore. The deal is expected to close July 1. The acquisition of Homestead will be 76-year-old Stoneway's first location outside the Seattle metropolitan area. Homestead has been in business for 10 years.

Jun 15, 2000

Norris Beggs & Simpson

Beth Johnston was promoted to senior vice president of Portland-based Norris Beggs & Simpson. Johnson will "lead the charge on new business development for the property management division as well as focus on client services and development for all divisions," Norris Beggs said. She "will spend a great deal of time building additional business for the Puget Sound market." Johnston joined the firm in 1993. Her most recent assignment was project manager for the 750,000-square-foot Lincoln Center office complex in suburban Portland.

Bentall U.S. LLC

Dennis L. Burch has joined Bentall U.S. as a project manager. Burch will work on tenant improvements at Five Newport in Bellevue and Millennium Corporate Park in Redmond and on planning of the proposed downtown Bellevue office complex called The Summit. Burch came from CDP Group LLC.

Sterling Realty Organization

Alison and Carolee Danz have become co-chairwomen of Bellevue-based Sterling Realty Organization. The two cousins replace Fred Danz, who puts on the chairman emeritus hat. Alison is Fred's daughter. David Schooler continues as SRO president. SRO, formerly a large theater chain owner, controls land in the heart of downtown Bellevue, among other places, and the Sterling Plaza retail center in Factoria. The firm is developing a 100,000-square-foot second phase of Sterling Plaza.

Windermere Services Co.

Don Riley became executive vice president of Seattle-based Windermere Services Co., which assists the chain of 200 Windermere residential agencies throughout the Northwest. Riley came from Norwest Mortgage and previously was an owner and general manager of the Windermere Real Estate East office.

Windermere Real Estate

Sales associate Pat Kelsey moved from the Seattle-Oak Tree office to Seattle-Northwest. Julie Kathan came from Coldwell Banker/All American Associates to work as sales associate in Windermere's Federal Way office. Diane Halberg became a sales associate in the Seattle-Queen Anne office; she was leasing agent at Silversmith Cohen Properties in Denver. Halberg also previously owned Razz M'Tazz Consignment Boutique in Lower Queen Anne. Sandie Staback came from ReMax in Bothell to work as sales associate in Windermere Kirkland-Northeast.

Paragon Real Estate Advisors and Marcus & Millichap

Paragon and Marcus & Millichap steadily broker sales of apartment buildings that don't make it into these columns because the buildings tend to be smaller and thus not traditionally newsy. But both outfits crank out such large volumes that they play a role in the economy.

Seattle-based Paragon says it has closed at least 524 transactions in the Puget Sound area totaling $905 million since it was formed five years ago -- or deals totaling almost $100 million a year. Marcus & Millichap, based in Palo Alto, Calif., says its 34 offices around the country, including one in Bellevue, closed 2,047 deals last year totaling $5.2 billion. So here's a glimpse of what they do, via the latest deal to come through for each.

Paragon broker Eric Smith represented the seller in landing $1.1 million for the 10-unit Kathwynn Apartments on upper Queen Anne. The price comes to a handsome $109,650 per unit. The two-building Kathwynn complex was built in 1947 at 215 Aloha St. and 821 Third Ave. N. Paragon didn't identify the seller or buyer; King County property records say Boulder LLC bought the property in June 1998 for $860,000.

Marcus & Millichap broker Robert Di Pietrae represented Ron and Nancy Gammill in selling the 17-unit Hampton Court apartments in Seattle for $1.4 million, or $82,000 per unit. The buyers were Hal and Myrtle Ryan, represented by Randy Peterson of Westlake Associates. Hampton Court is at 10306 Holman Rd. N. The Gammills bought it for $1.1 million in 1995 and "virtually rebuilt it" last year after water damage covered by insurance, Di Pietrae said. Property records indicate the owner before the Gammills paid $2 million for Hampton Court in 1990.

Jun 08, 2000

New real estate consultancy

Data gatherers Matthew Gardner and Jerry Johnson have left separate real estate advisory firms to form their own, called Gardner-Johnson LLC. Gardner worked the past year as a researcher for Builder Marketing Group. Johnson rose to principal in Hobson Johnson & Associates in 11 years with that firm. Gardner-Johnson has a Seattle and a Portland office. It performs "a full range of real estate and economic advisory services," Gardner said. Clients such as Weyerhaeuser, John Buchan, Simpson Housing and Fortune Group came with Gardner.

The Virginia Anderson Internship

Seattle Center director Virginia Anderson’s consistent interest in maintaining affordable housing in Seattle has resulted in her name going on a University of Washington internship program. The non-profit Housing Resources Group contributed $15,000 to fund an internship for a UW student interested in pursuing a career in affordable housing and financing. HRG named it the Virginia Anderson Internship.

The UW’s new Runstad Center for Real Estate Studies will administer the internship and doesn’t necessarily have to send the intern to HRG. Anderson helped start HRG and served on its board, but isn’t on the board now. "Anderson has worked tirelessly in a volunteer role to assist HRG create thousands of units of affordable housing in downtown Seattle neighborhoods," HRG said.

Creating the internship is part of HRG celebrating its 20th anniversary. The Downtown Seattle Association created HRG in 1980 to increase the supply of affordable housing in and around downtown.

Unico Properties

Robynn Rockstad-Rex joined Seattle-based Unico Properties as director of marketing and communications. She came from the Seattle healthcare information company CareWise Inc.

Opus Northwest

Opus Northwest made three moves on its Opus Center@Union Station office project in Seattle. Opus hired John Mills as senior property manager for the project, construction of which is set to finish this summer. The company also hired Mike Hlastala as project manager in charge of tenant build-outs at Union Station. And Opus promoted Brian Fyall to senior project manager-construction for the project.