Mar 10, 2011

Marcus & Millichap

Robert Sheppard of Marcus & Millichap in Seattle, again is the company's top-performing agent for all sectors out of more than 1,200 investment specialists nationwide. He's also the top multi-family investment specialist. This is the second straight year he earned the ranking. Armand Tiberio and Spencer Hurst, also in the Seattle office, ranked 14th and 30th, respectively. Sheppard, Tiberio and Hurst are in the Tax Credit Group, which helps clients with low-income housing tax-credit assets across the country. Last year, the group closed deals worth more than $295 million.

Shea Homes

Shea Homes, developer of Shea Homes at Jubilee in Lacey and Trilogy at Redmond Ridge, is one of 40 companies to win the J.D. Power 2011 Customer Service Champion Award. Shea is the only U.S. home builder to receive the award.

Holland Development

Vancouver-based Holland Development, which builds multi-family communities in the West, named Erik Hagevik partner in charge of the Colorado region.

Dune, TDI multi-family JV

Dune Real Estate Partners and TDI Real Estate Holdings formed a $1 billion joint venture to buy and develop multifamily assets in the U.S. The JV will target Class A investments in core markets. A Dune spokesperson said the partners won't say what markets or whether Seattle is among them. The managers are former executives of JPI, a national company that bought and built more than $11 billion of apartments over the past two decades. In 2003, when the market tanked, JPI closed its local office.

1201 Third Avenue Building

The 1201 Third Avenue Building was certified LEED platinum for existing buildings. About 70 percent of the tenants commute by means other than driving alone, and the high rise has bicycle parking and showers for cyclists. Landscaping is irrigated with ground water and stormwater and a satellite irrigation system controller has reduced water use 30 percent. Ninety-five percent of occupants participate in a recycling, composting and green products program. Beacon Capital Partners, Shorenstein Properties and Wright Runstad & Co. own the 55-story tower.

Quadrant

Quadrant Homes President Ken Krivanec will talk about how the company has adapted to a changing market at the Bellevue Chamber of Commerce lunch at noon March 16 at the Hilton Bellevue, 300 112th Ave. S.E. To reserve a space go to bellevuechamber.org or call (425) 213-1205.

ULI program on BRT

The Seattle District Council of the Urban Land Institute will hold a panel discussion on bus rapid transit March 22. The breakfast program begins at 8 a.m. at the W Seattle Hotel, 1112 Fourth Ave. The panel will look at BRT in Seattle, Kansas City and Minneapolis-St. Paul. Panelists are Kevin Desmond of King County Metro, Salima “Sam” O'Connell of Dakota County, Minn., and Danny O'Connor of the Kansas City Area Transit Authority. King County Metro opened the RapidRide A Line in South King County last year. More BRT lines are planned, though federal budget cuts could delay or cancel them. Registration deadline is March 18. Register at seattle.uli.org or by calling (800) 321-5011.

Mar 03, 2011

Hendricks & Partners

Marty Leith joined Hendricks & Partners in Seattle as associate partner. He was first vice president for Multifamily and Investment Sales with Kidder Mathews, where he managed the apartment division in nine West Coast offices. He has negotiated more than $240 million in transactions for institutional and private investors. Hendricks & Partners President Brent Long said the brokerage is expanding in the Northwest.

Colliers International

Stephen Cugier joined the Seattle office of Colliers International, focusing on tenant representation. He was with Jones Lang LaSalle. James Betzer joined the Seattle office as a tenant and landlord representative. He was with CB Richard Ellis. Matt Coombs joined the Bellevue office as an associate, working for landlords and tenants in King and South Snohomish counties. He was with Kidder Mathews. Alison Hudders is the new marketing manager for the Seattle and Bellevue offices.

Kidder Mathews

Allison Syms joined Kidder Mathews' Bellevue valuation advisory division as an associate appraiser.

The Blume Co.

Holliday Fenoglio Fowler secured a $10.25 million refinancing for The Blume Co. for Eastlake Center I and II in Seattle. HFF placed the 10-year, fixed-rate loan with Goldman Sachs Commercial Mortgage Capital LP. Other terms weren't disclosed. Loan proceeds are refinancing a maturing CMBS loan. The buildings total nearly 84,400 square feet. Nearly 13,400 square feet are available for lease, according to officespace.com.