Feb 17, 2005

Coldwell Banker

Miller

Michael Miller was named Coldwell Banker's top Washington state agent for 2004. Among the 18,554 agents in the company's west region, he was number one for listing units closed and third for total units closed. He listed and closed 517 units last year. Miller is president of Miller Condominium Marketing, a division of Coldwell Banker.

Panattoni Development

Hutchinson

Scott Hutchinson has joined Panattoni's Puget Sound-area office as a development manager. He'll pursue build-to-suits and co-manage some ongoing projects. Previously, he worked as development manager in Olympia.

OfficeSpace.com

OfficeSpace.com, a Seattle company that provides online information about commercial real estate, is expanding to Spokane. OfficeSpace.com has offices in six domestic markets and Sao Paulo, Brazil.

The Hotel Group

The Hotel Group, based in Edmonds, has raised $20 million for an investment fund and purchased two properties in Connecticut and Colorado. The fund seeks under-performing hotels in strengthening markets and renovates them. CEO Edmond Lee estimates the fund will buy two or three more hotels.

Segale Properties

Tukwila-based Segale Business Park has changed its name to Segale Properties.

Barclays North

Barclays North of Everett hired Blair Anderson as its government affairs manager to oversee Monroe, Sultan and several emerging markets. Barclays also hired legal secretary Beth Bystedt and land acquisition coordinator Melanie Sandberg.

Grubb & Ellis

Bob Cryan has joined Grubb & Ellis as a vice president for the Seattle Multi-Housing Investment Group. Cryan, a Seattle commercial real estate broker and investor since 1981, has worked on sales of existing apartment buildings and land for multi-family development.

Hendricks & Partners

Kenny Dudunakis of the Seattle office of Hendricks & Partners negotiated sales of two Bellevue apartment properties. Overlake Park Inc., which held the 206-unit Overlake Park at 14329 N.E. 37th Place in trust for Lepik Construction of Vancouver, B.C., sold the property to Bascom Northwest Ventures LLC of San Francisco for $19 million. FPL Limited Partnership of Seattle sold the 98-unit Aspenwood, 14200 S.E. Sixth St., for $9.346 million to Pacific Property Co., of Palo Alto, Calif. Tim Ufkes of the Seattle office of Hendricks & Partners and Phil Oester of the Portland office negotiated the $6.25 million sale of the 121-unit Lakeside apartments in Kennewick. Lakeside Partners LLC of San Clemente, Calif., and Seattle, sold to a group from Del Mar, Calif.

Essex Property Trust

Palo Alto, Calif.-based Essex Property Trust Inc., a real estate investment trust with apartments on the West Coast, bought the 180-unit Cedar Terrace Apartments in Bellevue for $22.3 million. Essex President and CEO Keith R. Guericke said the company bought the property because of its proximity to high-tech companies.

CB Richard Ellis

Krista Haverly and Madelyn Loreen marketed the Barnaby's steak house site in Northgate and also brought in the buyer, who has razed the restaurant to make way for the 68,000-square-foot Meridian Medical Pavilion. SHDP, headed by Mike Hess of First Western Development, bought the 58,000-square-foot site for $2.615 million, from Colin Radford and Barry Owen's Meridian Joint Venture. CB's Dad Stutz, Sally Patterson and Jeff Tillman are marketing the medical office space for SHDP.

MILA Inc. and WorkSource Washington

MILA Inc. and WorkSource Washington have formed a partnership to recruit workers for the wholesale residential mortgage lender's expanded headquarters in Snohomish County. They will have a hiring event from 10:30 a.m. to 4 p.m. Friday at the Lynnwood Embassy Suites, 20610 44th Ave. W. Kent Hoepfinger of MILA says the company plans to add more than 300 employees in 2005.