Sep 30, 2004

Plymouth Housing Group

A $1.2 million grant from the Bill & Melinda Gates Foundation to Plymouth Housing Group is the largest grant in Plymouth's 24 years. The grant was made as Plymouth launched its Building Hope capital campaign. The grant and other funds will support development of various projects including two in downtown Seattle: the St. Charles Apartments and Plymouth on Stewart. The campaign goal is $30 million. To date, $23 million has been raised from public sources. Of the $7 million in private financing, nearly $4 million has been raised.

Wallace Properties

Tran Huynh, a licensed real estate agent, has joined Wallace Properties of Bellevue. She is an associate to Wallace President Joan Wallace.

D.R. Horton

Niko Borrelli is the new project launch manager for sales and marketing in D.R. Horton's Seattle division. His initial focus is Radiance, a nearly 700-home project in Fife. Borrelli was previously with Starwood Hotels and Resorts International, serving as sales manager for the Westin and W Hotels in Seattle. Bill Salvesen has been named regional community sales manager for Radiance. He was community sales manager for Windermere Builder Services, overseeing sales of a 116-unit upscale condominium project in Belltown.

John L. Scott Real Estate

Mindy Smart is the new managing broker of John L. Scott's Issaquah office. She replaces Becky Schade, who is moving to Louisiana. Smart, an award-winning saleswoman, joined the Issaquah office almost seven years ago.

Grubb & Ellis

Scott Clements has joined Grubb & Ellis Co. as a vice president of the Seattle Investment Services Group. He spent the last five years with Leibsohn & Co. of Bellevue, where he represented private investors in office and retail investment sales.

Bedford Property Investors

Change may be in the works at Bedford Property Investors. The California real estate investment trust, which has 1 million square feet in the Puget Sound area, announced its board will review a range of alternatives, including sale or merger of the REIT or certain properties. Board Chairman and CEO Peter Bedford said it's possible no action will occur. During the evaluation, the company will suspend its search for a new CEO to replace Bedford when he retires.

GreenWorks Realty

GreenWorks Realty, an enviornmentally friendly real estate company, has opened its office in Seattle's Phinney Ridge neighborhood. The office is on Greenwood Avenue North at North 74th Street.

Tour of Urban Living

About 30 downtown condo and apartment projects are on Tacoma's 2004 Tour of Urban Living from 10 a.m. to 5 p.m. Oct. 9-10. It's a self-guided tour. Start at any of the properties. They're listed at www.downtowntacomaliving.info.