Jul 09, 2009

Grubb & Ellis

Bill Condon has been named managing director of the Grubb & Ellis Seattle office, effective immediately. He will manage commercial real estate services in Seattle and continue to serve his industrial brokerage clients. Condon started his career in 2003 at Colliers International.

CB Richard Ellis

The sale of Lexington Heights, a 252-unit apartment complex in Renton closed recently. Los Angeles-based FSC Realty purchased the complex from BlackRock for $26 million, or $103,174 per unit. The complex is on a hillside above Lake Washington. Jon Hallgrimson and Frank Bosl of CB Richard Ellis represented BlackRock.

CREW event on health care

The Commercial Real Estate Women will hold its July luncheon today at the Washington Athletic Club, 1325 Sixth Ave., with a panel talking about health care projects and how they may impact the region's economy. The panel will be Alison Garr of Multicare Good Samaritan Hospital, Mike Denney of Multicare Health System and Todd Johnson of Seattle Children's. They will look at master planning, drivers for campus design and systemwide integration. For more information and registration see http://www.crewseattle.org.

NAIOP candidate forum

The July 15 breakfast meeting of NAIOP will be a candidate forum with Dow Constantine, Ross Hunter, Susan Hutchison, Fred Jarrett and Larry Phillips. They are all running for King County executive. David Postman of Vulcan Inc. will moderate. The event starts at 8 a.m. at the Seattle Sheraton. For information see http://www.naiopwa.org.

CBA/CCIM golf tournament July 21

The CBA/CCIM Invitational Golf Tournament will be Tuesday, July 21, at the Golf Club at Redmond Ridge, with a shotgun start at 8 a.m. To register contact CBA at (425) 820-3348 or (800) 275-2522 or see the Web site at http://www.commercialmls.com.

Jul 02, 2009

Price Christensen & Associates

Steve Price, community development manager for the city of Bellingham and a community development consultant, is joining forces with architect Dave Christensen to form a new firm. Price Christensen & Associates will help property owners and developers create projects. They will specialize in the conception and design of projects, and help with community support, securing financing and marketing. Price has owned a community development strategy firm, Front Street Partnership LLC, for six years and will continue to do planning through that firm. Christensen will continue to offer limited design services through Christensen Design Management. They will have offices in Bellingham and San Francisco.

Vulcan Real Estate

Vulcan Real Estate and Runberg Architecture Group said Borealis Apartments in Seattle won a Gold Nugget Award for Outstanding Affordable Housing Project at the Pacific Coast Builders Conference. Judges cited the project for addressing both affordability and sustainability. W.G. Clark Construction was the general contractor.

GVA Kidder Mathews

GVA Kidder Mathews said Chairman and CEO Jeffrey Lyon received the Ernst & Young Entrepreneur Of The Year 2009 Award in the Financial Services & Real Estate category in the Pacific Northwest. He is eligible for the Entrepreneur Of The Year national program.

Wells Fargo

Wells Fargo & Co. closed a $25 million Fannie Mae loan for the acquisition of Waterford at the Lakes apartment complex in Kent. The loan carries a 10-year term.

GVA Kidder Mathews

Cooper Point Village, a six-building Rite Aid complex at Cooper Point Road and Harrison Avenue in Olympia, recently sold its last building of 7,880 square feet. The project began in 2005, and totals 54,800 square feet. Evan Parker and Amy Robinson of GVA Kidder Mathews represented Gramor Development of Washington in selling four of the six buildings for $6.3 million.