Mar 29, 2007

Hendricks & Partners

Hendricks & Partners named David Young one of its Top Five Producers nationally in 2006. Young closed 13 multifamily transactions in the Seattle market and nationwide during the year, valued at over $471 million including Overlook at Lakemont in Bellevue for more than $63 million and Stonehaven at West Campus in Federal Way for more than $58 million. He has been a Washington real estate broker since 1989 and is West Coast director of the firm's new Institutional Apartment Group.

CWCapital

Needham, Mass.-based CWCapital, a lender to the multifamily and commercial real estate industries, promoted David Crook to senior vice president and regional director for its West Coast capital markets originations. Since its inception in March 2005, the West Coast team has originated more than $800 million in fixed and floating rate debt.

Appraisal Institute

The Seattle chapter of the Appraisal Institute named Jim McGowan, president of McGowan Appraisal Services in Tacoma, as Appraiser of the Year for 2006. The award is for his service and dedication to the institute. He has been an associate member since 1986. He formed McGowan Appraisal Services in 1995.

Vulcan Real Estate

Vulcan Real Estate has set up Webcams so people can watch construction progress on 2201/Enso, Rollin Street and Veer Lofts from their desks. Viewers can pan, zoom and take static images at 15-minute intervals. Here are the Web addresses: 2201/Enso: http://sellen.oxblue.com/1/, Rollin St.: http://vulcan.oxblue.com/rollins/ and Veer: http://vulcan.oxblue.com/veer/

South Sound Commercial Real Estate Forum

Colliers International and the Business Examiner of Tacoma are sponsoring the South Sound Commercial Real Estate Forum on May 2 at the Tacoma Club, Wells Fargo Plaza, 1201 Pacific Ave., Tacoma, starting at 7:15 a.m. The topic is “Creative Solutions in a Tight Real Estate Market.” Panel members are Eric Cederstrand of Colliers, Ron Goodwin of Heritage Bank, Gordon Rush of Rush Commercial Construction and Susan Seuss of the Tacoma-Pierce County Economic Development Board. Tickets are available online for $30 at http://www.BusinessExaminer.com/Reforum. For information call (253) 404-0891.

Mar 22, 2007

Norris, Beggs Financial Services

Andrew Patterson recently joined Norris, Beggs & Simpson Financial Services' Seattle office as a financial analyst. He will help with the loan process by researching property history, tenant history and the market. He also underwrites, reviews and analyzes loans. Patterson was a business development manager with Harvey Nash in Seattle. Norris, Beggs & Simpson provides commercial real estate capital to borrowers and investors in Oregon, Washington, Idaho and Nevada.

Emeritus

Seattle-based Emeritus Corp, a national provider of assisted-living and dementia care services, purchased 12 communities currently leased by the company for approximately $101.6 million. The communities have 786 units and are in five states. Emeritus operates 203 communities in 35 states.

Northwest Real Estate Challenge

Teams from the University of Washington, Washington State University, the University of British Columbia and Portland State University will compete at the 4th Annual Pacific Northwest Real Estate Challenge March 29 at the Grand Hyatt Hotel in Seattle. This year's project is the King County Administration building. Four student teams will present to a panel of judges and then to the general audience. Cost is $65 for individuals or $600 for a table of 10. The event starts at 4 p.m. with a reception, food and drinks. For more information see http://www.naiopwa.org or call the National Association of Industrial and Office at (206) 382-9121 or e-mail Eric Featherstone at Eric@naiopwa.org.

CREW economic forecast April 12

CREW (Commercial Real Estate Women) Seattle will hold its economic forecast luncheon on Thursday, April 12, at the Washington Athletic Club, 1325 Sixth Ave., starting at 11:30 a.m. with registration. The speaker is Michael Parks and the topic is “Unseen Perils: Can anything threaten this boom?” Cost is $35 for members and $50 for non-members and walk-ins. Register online at: http://www.crewseattle.org or write CREW Seattle, PO Box 2016, Edmonds 98020-9516. Phone reservations may be made by calling (206) 417-5580.