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Jul 29, 2010






ING Clarion Partners selected Bill Condon, Matt McGregor and Andrew Hitchcock of the Seattle office of Grubb & Ellis as the leasing agents for the 427,250-square-foot Sumner Central industrial building. A tenant occupies 90,000 square feet, but Condon said “we can deliver the whole building if necessary.” The warehouse/distribution building was built in 2006 and is located at 2701 142nd Ave. E.
Northpoint Escrow + Title will expand into Snohomish County next week with an office at 3120 Colby Ave. in Everett. Carl Jorgensen, vice president and Snohomish County manager, will head the office. It will house, escrow, title, client services and social media operations. The sales team is Kara Peebles, Laurie Cole, Engy Goldrick and Kim Cripe. Other staff members are Escrow Officer Erianne Berg, Escrow Closer Jamie Eshleman and Escrow Assistant Stephanie Pierce. This is the 3-year-old company's fifth office.
After more than 50 years in Seattle, the Benaroya Co. is moving its headquarters to Bellevue. The company will occupy 8,300 square feet in its I-90 Center South office building at 3600 136th Place S.E. This brings the 79,900-square-foot building to 100 percent occupancy. Benaroya acquires, develops, and manages office space, data centers, retail, high-tech and industrial properties in the Pacific Northwest.
Phoenix-based Cole Real Estate Investments, which owns commercial real estate in Washington state and is one of the nation's most active investors, hired Thomas Falatko as vice president of acquisitions. He focuses on multi-tenant retail assets. He has been responsible for acquisition of about 7 million square feet valued at more than $1 billion. He worked for Somera Capital Management.
Jul 22, 2010


Troy Dana and Jennifer Anglin, formerly of Colliers in Olympia, and Greg Richards, a former chief appraiser with the state Department of Natural Resources, have formed the Natural Resources Group at the commercial brokerage Pacific Real Estate Partners. The Olympia-based group will focus on timberland, conservation easements, conversion/transition land plats and land exchanges. Dana was president and CEO of Hodges, Gilliam and Dana where he represented large land owners. Richards was responsible for valuation of a 5 million-acre portfolio. Anglin was involved in the dispositions of the Olympia Brewery and View Point Tower.
Unico Properties, a Seattle-based real estate investment and operating company, estimates it has reduced energy use in its 10-million-square-foot commercial portfolio by 12 percent a year by upgrading systems. Unico uses the U.S. EPA's Energy Star Portfolio Manager Tool to measure energy use in 31 properties. The percentage of energy saved in buildings ranges from 3 percent to 29 percent. Significant savings were measured in newer buildings, such as the Seattle Russell Investment Center, which recorded an 18 percent savings. Unico Sustainability Project Manager Brett Phillips said some buildings showed significant savings with small changes.
Robert Micera is the new chief investment officer for Cole Real Estate Investments. Phoenix-based Cole bought City Center Plaza in downtown Bellevue for $310 million. Micera has arranged nearly $7 billion in real estate financing, and worked for Cardinal Industrial Real Estate Services East and First Industrial Realty Trust.