Jan 20, 2011

Coast Sperry Van Ness

Josh Jansen of Coast Sperry Van Ness last year achieved the highest sales volume in the firm's 25-year history. Jansen, who joined the Everett commercial real estate company in 2006, heads a group that specializes in apartment sales. He also leads a team that specializes in office, retail and industrial properties. Sperry Van Ness officials said Jansen was one of the top 10 producers for the nationally affiliated group, which has about 1,000 commercial real estate advisers.

Holliday Fenoglio Fowler

Holliday Fenoglio Fowler arranged $205 million in first mortgage financing for the nearly 750,000-square-foot Bravern Office Commons in Bellevue. HFF's Michael Tepedino, Bruce Ganong and Jody Thornton worked on behalf of the borrower, Principal Global Investors, to secure a 10-year, fixed-rate loan through Pacific Life Insurance Co. Proceeds were used in acquiring the office space and garage. The property also includes two apartment towers and nearly 310,000 square feet of retail. Microsoft leases all the office space.

Berkadia Commercial Mortgage

Berkadia originated more than $23.7 million through its Freddie Mac program to buy the 266-unit Madison Sammamish apartments. The property has undergone significant renovations since it was built in 1988, according to Berkadia. The borrower is a new joint venture of Pacific Property Co. and Trecap Partners. The loan was originated by Berkadia's San Francisco office.

Talon Private Capital

Talon Private Capital moved from downtown Seattle to Carillon Point in Kirkland. Talon's offices had been with Metzler North America's, and Talon co-founder Jim Neal's commitment to serve as Metzler board chairman for two years ended last year. Bill Pollard, the other founder of Talon, said he and Neal wanted to move closer to their homes and be near Talon's first investment, Waterfront Place, an office property in Kirkland. Formed in 2009, Talon invests the capital of high net-worth families.

NAIOP South Sound forecast Feb. 2

Economist Lynn Michaelis of Strategic Economic Analysis, will be the guest speaker and moderator of NAIOP's 2011 forecast lunch on Feb. 2. The program starts at 11:30 a.m. Panelists include economist Dick Conway of Dick Conway & Associates, Marc Nemirow of Benaroya Capital Co. and John Swanson of Umpqua Bank. Advance registration is required and can be done at naiopwa.org.

Jan 13, 2011

CB Richard Ellis

Chris Burdett and Matthew Behrens joined CB Richard Ellis as part of CBRE Hotels. Burdett, a senior vice president, and Behrens, a sales associates, will work in the Seattle office. They previously worked for Colliers International in Seattle. CBRE Hotels provides advice on sales, finance, markets and valuation to hotel investors and owners. Burdett and Behrens have worked on hotel and resort transactions valued at more than $400 million. They're part of a six-person team joining CBRE. The other four people will work in California. Burdett is president of Washington State University's School of Hospitality Business Management Advisory Board. Before Colliers, he was a principal with The Chambers Group. Behrens previously worked for Four Seasons and Fairmont Hotels in the Northwest.

Security Properties

Seattle-based Security Properties, which has acquired or developed nearly 64,000 housing units in 40 states, formed Madrona Ridge Residential, a national apartment property management firm. Gail Duke is managing director. John M. Orehek, president/CEO of Security and CEO of Madrona Ridge, said it will manage Security properties and may eventually offer third-party services. Madrona Ridge will also ensure properties comply with financial, operational and regulatory standards, and offer construction management. The leadership team includes Philissa Sargin, controller, and Bob Krokower, chief financial officer. Duke was senior vice president at Sares-Regis Group and vice president at Belkorp Holdings. She also worked for Riverstone Residential Group and Trammell Crow Residential.

(Editor's note: This item has been corrected to say Bob Krokower is chief financial officer, not CEO.)

Shorenstein Properties

Shorenstein Properties' First & Main, a 16-story Class A office building in downtown Portland, has been certified LEED platinum. The 365,000-square-foot property is the first multi-tenant commercial office tower to be LEED platinum in the Northwest. First & Main has a green roof, high-efficiency mechanical systems, a ground-floor bike hub, stormwater harvesting and an “eco-terrace” with a garden. The project team includes Portland-based Brightworks Sustainability Advisors, GBD Architects, Gerding Edlen Development and Hoffman Construction Co. Tenants are the federal government and Portland Energy Conservation.

Berkadia Commercial Mortgage

Berkadia Commercial Mortgage originated $6.25 million in fixed-rate debt through its Freddie Mac program to refinance Garden Pointe Apartments in Burien. The 10-year financing has a 30-year amortization and represents 61 percent loan-to-value. The 124-unit property is 16 years old and is 96 percent occupied. Louis Weisman of Berkadia's Seattle office originated the loan. The borrower is RRR Properties LLC.

NorthMarq Capital

Ron Peterson of NorthMarq Capital's Bellevue office arranged first mortgage financing of $6.5 million for Veranda Green Apartments, a 150-unit, affordable apartment property in South Seattle. Financing was based on a 30-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a regional bank. The first five years have a fixed rate of just over 5 percent. Stuart Oswald of NorthMarq's Bellevue office arranged first mortgage financing of nearly $4.1 million for Wellington Apartments, a 71-unit apartment in Fircrest, Pierce County. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower, R-M Wellington LLC.

Northeast Washington Realtors

The Northeast Washington Association of Realtors joined Point2's national property listing syndication program. It allows brokers and agents to post listings online at no cost to them. Point2 has a similar program with the Washington Association of Realtors.

Savvy Seattle Women

Savvy Seattle Women, a network of women who promote homeownership, will host a free workshop at 6 p.m. Jan. 19 at the law offices of Best & De Vrieze, 3909 California Ave. S.W. on the topic of community property. Attorney Sharon E. Best is the speaker. No pre-registration is required.