Jun 16, 2011

Wallace Properties

Bissell

Brad Bissell is a new associate broker at Wallace Properties in Bellevue, specializing in retail leasing and sales.

Colliers International

Casey Gibson is a new associate at Colliers International in Seattle. He specializes in landlord and tenant representation.

Marcus & Millichap

Marc Cunningham of Marcus & Millichap listed a 20-unit apartment project at 212 Harvard Ave. E. in Seattle. The property sold for $3.52 million. An LLC headed by Otto H. Spoerl sold the 1996 property to an LLC managed by Morgro Investments LLC and RGD Property Services Limited. Cunningham also secured and represented the buyer.

Fannie Mae

Fannie Mae expanded incentives to encourage sales of bank-owned REO houses in its HomePath program to owner-occupants. Through Oct. 31, qualified buyers and selling agents can receive financial incentives on sales of properties listed at homepath.com. This is part of Fannie Mae's efforts to stabilize neighborhoods. Buyers must reside in the home as their primary residence. The incentives offer buyers up to 3.5 percent of the final sales price to put toward closing costs. Selling agents representing the buyer receive a $1,200 bonus. The properties include houses, condos and townhouses. The properties may also be eligible for HomePath financing.

Real estate investor seminars

Fairplay Realty is offering hour-long workshops for investors at 5 p.m. Thursdays in its Kirkland office at 205 Lake St. S. Information is at fairplay.com.

Seminar on medical/dental condos

The Seminar Group will hold a day-long seminar on medical and dental condominiums July 15 at the Washington State Convention Center in Seattle. The seminar is for real estate professionals, developers, contractors, lenders and attorneys as well as doctors and dentists. Continuing education credits are available. Program co-chairs are Kerry S. Bucklin of Bucklin Evans Law and Derek J. Doke of Commercial Condos and Colliers Commercial Condominium Real Estate Group. Register at theseminargroup.net, by email at info@theseminargroup.net or call (800) 574-4852.

Jun 09, 2011

Paragon and Windermere

Photo courtesy of Paragon [enlarge]

University Heights Apartments, a former frat house, sold for $1.2 million.

David Petersen, Eric Smith and Ryan Iles of Paragon Real Estate Advisors represented the seller of a 16-unit apartment building called University Heights at 2211 N.E. 50th St. in Seattle.

Matthew Townsend of Windermere represented the buyer, Darren Gillespie of Property Pro LLC of Shoreline. The seller was Edward Carlstrom of Sarasota, Fla., manager of Carlstrom Family LLC. The price was $1.2 million.

Paragon said the new owner plans an extensive renovation of the 1910 building. Paragon representatives said it was on the market just a few days before they received an all-cash offer.

ValueAppeal

Officials from ValueAppeal, an online property tax appeal service for homeowners, say they've raised $1.6 million, mostly from existing investors, for new hires and larger space in Seattle. Joe Baldwin of CB Richard Ellis is ValueAppeal's broker and is finalizing a lease. ValueAppeal CEO Charlie Walsh says the technology helps homeowners quickly create an appeal, saving an average of $839 a year.

Colliers International

Seattle-based Colliers International named Karen J. Whitt chief operating officer of Real Estate Management Services. Colliers manages nearly 1 billion square feet of space around the world. Whitt was president of Property Management/Strategic Accounts for Grubb & Ellis, and is based in Washington, D.C.

Marcus & Millichap

George Miller of Marcus & Millichap represented King County Housing Authority in buying the nine-unit Kirkland Place apartments at 421 Seventh Ave. in Kirkland. The price was nearly $1.23 million. Records list the seller as Kirkland Place Apartments LLC, whose managing member is Larry Knudsen of Bellevue.

TOD webinar June 21

The Center for Transit-Oriented Development and the Federal Transit Administration are offering a 90-minute webinar called Understanding Mixed-Income Transit-Oriented Development at 11 a.m. June 21, geared toward planners, housing advocates, and transit and transportation agencies. A tool will be introduced to help communities encourage mixed-income TODs. Register at http://tiny.cc/5sahu.

NAIOP looks at sustainable projects

NAIOP will host a roundtable discussion about building and marketing sustainable projects at 7:30 a.m. June 23 at West 8th in Seattle. Panelists will talk about their projects and how they will affect future developments. Panelists are Martha Barkman and Emi McKittrick of Harbor Properties; Shawn Parry of Touchstone; and David Abbott of Pacific Real Estate Partners. Register at naiopwa.org.