Dec 08, 2005

MILA

Sapp

Layne Sapp, founder and CEO of Mountlake Terrace-based MILA, an e-commerce mortgage provider, was one of 35 finalists in the Ernst & Young Entrepreneur of the Year Award and the only finalist from the Northwest. Since the 2002 launch of AccessPoint, MILA's proprietary loan management system, the company says its revenue has grown 803 percent. The 21-year-old MILA operates in 26 states and plans to expand to another 22 by the end of 2006.

Opus Northwest

Ruhl

Opus Northwest promoted Mike Ruhl from senior director of real estate to vice president of real estate. Since joining Opus in 1997 as a real estate manager, he has overseen more than 4 million square feet of industrial and flex-office development. Last year his responsibilities were expanded to include urban office development in Bellevue and Seattle.

Williams Marketing

Pamela Christensen and Carrie DeBruler of Williams Marketing are site managers for the sales center of Olive 8, developer R.C. Hedreen's 36-story condominium/hotel that will break ground in January. The center is scheduled to open in January. Units will range in size from 650 to 1,600 square feet and are priced from the high $200,000s to $1.5 million. Prices for the penthouses haven't been set.

Coldwell Banker Bain

Debra Trappen is the new agent recruitment and development manager for Coldwell Banker Bain. She will oversee launch of an agent development program. She previously was owner of The DMK Group, a contract recruiting and event planning company, and had worked as an executive recruiter for Cisco Systems.

Security Properties

Seattle-based Security Properties, in partnership with GMAC Institutional Advisors, bought the 298-unit Serravella Apartments in Hollywood, Calif., for $64 million. Security plans to re-position Serravella — built in 1986 — into a more hip, upscale community. Security owns more than 20,000 apartment units in 36 states.

Lorig Management Services

The Institute of Real Estate Management named Lorig Management Services the Accredited Management Organization of the Year. IREM named Heidi Turner, a residential property manager for Lorig, Certified Property Manager of the Year. Lorig Management Services is an affiliate of Lorig Associates, a Seattle development company.

Emeritus Assisted Living

Emeritus Assisted Living, based in Seattle, acquired three communities in Arkansas. The properties total 253 units and were purchased for $18 million. The publicly traded company holds interest in 185 communities in 35 states.

ScanlanKemperBard

ScanlanKemperBard, a Portland real estate merchant bank, acquired the 296-unit Copper Canyon Apartments in Riverside, Calif., in partnership with Griffin Investments LLC for $36.5 million. It's three blocks from University of California — Riverside. Griffin will be the property manager.

Commercial Brokers Association

The Commercial Brokers Association's Real Estate Insights breakfast is at 7 a.m. Dec. 16 at the Grand Hyatt, 721 Pine St., Seattle. Speakers are Richard Lee, vice president and director of public relations for First American Title Company; Bill Morton, president and founder of Second Half Strategies LLC; and Arthur Rubinfeld, founder and CEO of Airvision. Cost is $59 per person, $550 for a table of 10 and $650 for a table of 12. Send registrations to CBA, 11422 N.E. 120th St., Suite A, Kirkland, WA 98034, or fax to (425) 821 9494. For more information, call (425) 820-3348.