Apr 08, 2004

Affordable Housing Advisory Board

Gov. Gary Locke has reappointed Mary Hunt of Coulee City and Sam Anderson of Bellevue to the Affordable Housing Advisory Board. Their terms expire in January 2008. The board advises the state Department of Community, Trade and Economic Development on housing issues.

John L. Scott Real Estate

Brewer	McNeal	Simmons
McMahon	Wik

John L. Scott Real Estate Chairman and CEO J. Lennox Scott says March was the most successful month in the company's 73-year history. Companywide sales figures were unavailable, but in the Puget Sound region, John L. Scott agents closed 1,676 transactions, 12 percent more than the number in March 2003. Scott said a dip in interest rates in the first quarter caused a surge of activity. In other news, the company has some new agents: Elizabeth Brewer and Janice McNeal in the Federal Way office; Clayton Simmons and Jamie McMahon, Kent; Tracee Wik, Renton; Laurence Barratt, Larry Williams and Lauren Leahy, Mercer Island; Mary Short, Magnolia; Elizabeth Wall, Belltown; Donald DeSantis and Stacey Brower, Laurelhurst; and Sophia McDonald, Lakeside.

HouseValues

Liz Heron has joined HouseValues Inc., a Bellevue-based real estate marketing and technology company, as vice president of marketing, and Gregg Eskenazi has been named general counsel. Heron worked for Starbucks, McKinsey and IBM. Eskenazi previously worked in Microsoft's legal department. In 2002, Deloitte & Touche named HouseValues the fourth fastest-growing technology company in North America.

Ryan Dunham Real Estate

Ryan Dunham of Ryan Dunham Real Estate represented the city of Kirkland in negotiations to lease 17,746 square feet at the 405 Corporate Center, 11515 118th St. N.E., for a municipal court. Mike Schreck, Derek Heed and Gregg Riva of Colliers International represented the landlord, the Multi-Employer Property Trust. The beginning annual rental rate is $11.33 per square foot (triple net) and will top out at $13.25, according to Assistant City Manager Lynn Stokesbary. Wallace Design of Bellevue is the architect for the tenant improvements. Bidding for the project should be in May, with construction starting in late June.

Windermere Real Estate

Windermere Real Estate has some new sales associates in Seattle. Suzie Evans Swink, formerly of Home Realty, works in the Wedgwood office. Charles Chaplin, previously an agent assistant with Windermere, and Stuart Vincent, a former sales manager for Nordstrom, have joined Windermere's Wall Street office. John Bays is working at the Eastlake office.

NAIOP's first Real Estate Challenge

University real estate students are competing for a $5,000 prize in NAIOP's first Real Estate Challenge at 4:30 p.m. April 15 in the Boeing 2-22 Cafeteria and Auditorium, 7755 E. Marginal Way S., Tukwila. Teams from Portland State University, University of British Columbia and the University of Washington will present ideas on how they would redevelop a 47-acre Boeing site in Tukwila. Tickets are $65 and must be purchased by noon Monday; telephone the National Association of Industrial and Office Properties for (206) 382-9121 for reservations.

Apr 01, 2004

Emeritus Assisted Living

Officials of Seattle-based Emeritus Assisted Living, a publicly traded, national provider of assisted living and related services to senior citizens, said it will acquire 14 more communities, 13 of which it managed in 2003. The communities are owned by partnerships that Daniel R. Baty, company CEO, controls and in which he has financial interests. The total cost of the acquisition is expected to be approximately $141.7 million, financed through lease financing of $137.3 million provided by a Newport Beach, Calif., real estate investment trust company and cash and notes of $4.4 million. Emeritus currently holds interests in 174 communities, with capacity for approximately 18,200 residents in 33 states.

Equity Office

John S. Moody is resigning from Equity Office Properties Trust Board of Trustees, and Warren E. "Ned" Spieker Jr., Jerry M. Reinsdorf and William Wilson III have chosen not to stand for re-election. Moody and Spieker say they will pursue interests in other commercial real estate ventures. Moody is president and CEO of HRO Asset Management, which he said will focus on office buildings in the U.S. for Commerzbank's real estate arm. Spieker said future business investments could create the perception of conflict in serving on the Equity board, though he plans to retain "significant EOP ownership interests." Reinsdorf and Wilson say they are reducing their external commitments to pursue other interests. Equity is the nation's largest publicly held office building owner and manager, and the largest commercial landlord in the Puget Sound region.

Colliers International

Sumitomo Mitsubishi Silicon Group has selected the Seattle office of Colliers International's Advanced Technology Group as exclusive agents in the sale of properties in Salem, Ore. Stephen Rothrock and Doug Barrett head the Colliers group. The properties are the North Salem Campus, which has 210,000 square feet in six buildings on 19 acres, and the South Salem Campus, which totals 397,000 square feet in four buildings on 39 acres. Sumitomo officials say the properties are high-tech infrastructure facilities with cleanroom, manufacturing and office areas. The company will close its Salem operations and move out of both locations over the next year. Tokyo-based Sumitomo bills itself as the world's second largest silicon wafer manufacturer.

Terra Property Analytics

Price

Steven P. Price, MAI, CRE and principal at Terra Property Analytics LLC in Seattle, has been awarded the Counselor of Real Estate designation by The Counselors of Real Estate. Membership is by invitation only. Price is one of 28 CRE members in the Pacific Northwest Chapter, which encompasses Alaska, Idaho and Washington. Price is a state-certified General Real Estate Appraiser and received his Member, Appraisal Institute designation 11 years ago. His experience includes consulting and appraisal services for complex office, industrial and retail properties, large land transactions, subsidized and tax credit housing, nonprofit and government acquisitions and dispositions and eminent domain.

Puget Sound Properties

Swain

Bob Swain has joined Puget Sound Properties Commercial Real Estate Services in Bellevue as a senior associate. Swain, who has worked in commercial real estate since 1999, specializes in leasing and investments in the Seattle area.

Windermere

Windermere Real Estate has four new sales associates in Seattle. John Bays, who has two years of investment real estate experience, has joined the Eastlake office. Charles Chaplin, previously an agent assistant at Windermere, and Stuart Vincent, who previously worked in sales management for Nordstrom, are at the Wall Street office. Suzie Evans Swink is working in Wedgwood; she was a sales associate with Home Realty.

John L. Scott Real Estate

Brewer	McNeal	Simmons
McMahon	Wik

The following agents have joined John L. Scott Real Estate: Elizabeth Brewer and Janice McNeal, in the Federal Way office; Clayton Simmons and Jamie McMahon, Kent; and Tracee Wik, Renton.

CREW Seattle

The Alaskan Way Viaduct: Five Replacement Alternatives is the topic of the noon April 8 CREW Seattle lunch at the Washington Athletic Club, 1325 Sixth Ave., Seattle. Steve Pearce of the Seattle Department of Transportation and Alec Williamson of the Washington State Department of Transportation are the speakers. Cost is $29.50 for CREW members and $45 for nonmembers. For reservations, telephone Commercial Real Estate Women by noon Monday at (206) 361-6859.