Nov 10, 2005

John L. Scott

J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, was inducted by the Council of Real Estate Brokerage Managers into the Hall of Leaders. He is the third generation to run the family business that his grandfather started. New members of the John L. Scott University Place office were also announced: Nelson Rascon, Allen Wheeler and Rumel "Mel" Ramos.

Quadrant Homes

Quadrant Homes of Bellevue won first place in the APEX Award competition. The sponsors, media company Hanley Wood and Big Builder magazine, said the award honors builders who have strong, company-wide core values.

Pacific Real Estate Partners

Connie Wing joined Pacific Real Estate Partners of Bellevue as a vice president. She previously worked for Clise Properties in Seattle.

The Andover Co.

Brian Bruininks, vice president at The Andover Co., has earned his Certified Commercial Investment Member designation. The CCIM designation requires 240 hours of graduate-level course work. Only six percent of the nation's 125,000 commercial real estate practitioners are members.

Coldwell Banker Bain

Coldwell Banker Bain has opened an office at Redmond Ridge. Rick Costello is the managing broker.

Windermere Real Estate

Leslie Ota has joined Windermere Real Estate's Sand Point office as a sales associate.

Buchanan Street Partners

Real estate investment bank Buchanan Street Partners secured $43.1 million in institutional financing on behalf of ColRich, a San Diego-based developer, to acquire the 238-unit Avalon Wildwood Apartments in Lynnwood. ColRich plans to convert the property into condominiums. Buchanan Street secured the money from LaSalle Bank. ColRich focuses on development in the West and partners with OMI, a CalPers fund run by Resmark.

ScanlanKemperBard

Portland-based ScanlanKemperBard, a real estate merchant banking company, has acquired the 358,600-square-foot Tustin Business Park in Tustin, Calif., from Calwest Industrial Properties LLC for $27 million. The projected first-year, cash-on-cash cap rate is 8 percent, and the expected return for SKB investors over four to five years is almost 17 percent. The 31.4-acre, 16-building industrial park has a self-storage warehouse and an RV storage facility.

NAIOP

Reservations are due by noon on Friday for NAIOP's 7:30 a.m. Nov. 16 breakfast at Seattle's Bell Harbor Conference Center, 2211 Alaskan Way. "Capital Markets Gone Wild" is the title of the discussion by panelists Bill Pollard of Pacific Real Estate Partners, Steve Latimer of ING Clarion Partners and Charlie Haggard of Bank of America. Dan Ivanoff of Schnitzer Northwest is the panel moderator. It's $30 for National Association of Industrial and Office Properties members and $45 for others. Click on Events at naiopwa.org to register.