Jul 28, 2011

Coast Sperry Van Ness

Cole

Willis Cole joined Coast Sperry Van Ness of Everett as a broker specializing in multi-family sales between five and 25 units in North Snohomish County.

Windermere Real Estate

Al-Haddad

Alejandro

Elms

Bateman

New associates at Windermere are Heidi Bateman in the Bellevue South office; Jill Massa, Edmonds; Tana Lehman, Lynnwood; Catrice Elms, Poulsbo; and Marella Alejandro, Sabah Al-Haddad and Julia Jordan, Northlake in Seattle.

Coldwell Banker Bain

Coldwell Banker Bain acquired a new branch office in Anacortes. Coldwell Banker Island Living will become CB Bain's 26th office in Washington Sept. 15. Jean Groesbeck owns and operates the branch, which has a staff of 18 and serves Skagit County.

Paragon and Lake & Co.

Cathy Jeney of Paragon Real Estate Advisors represented Cashell Investments LLC of Seattle in the $2.16 million sale of Cheri Plaza, a 14-unit Seattle apartment at 6547 Fourth Ave. N.E. Leon Woffinden of Lake & Co. represented the buyer, Peony Property Holdings LLC of Saratoga, Calif. The all-cash deal closed in 17 days. Dave Smith of Paragon represented Terrace Building LLC in the $770,000 sale of the six-unit Terrace Apartments, 1014 E. Terrace St. in Seattle, to Terrace IR LLC of Seattle. The buyer will make improvements, according to Paragon.

The Bascom Group

Apartment investment company the Bascom Group says it has completed $566 million in renovations at 206 communities since 1996. San Francisco-based Bascom Northwest owns five communities in the Puget Sound region. Earlier this month, Bascom Northwest and a partner, Rockwood Capital, sold 1000 Eighth Avenue in Seattle for $60.9 million to Acacia Capital.

Jul 21, 2011

Cushman & Wakefield-Commerce

Danklefsen

Gary Danklefsen has joined Cushman & Wakefield-Commerce as senior director of investment sales in the downtown Seattle office. He was managing director of Jones Lang LaSalle for two years, overseeing Northwest brokerage operations and leading the capital markets group for this region. Danklefsen spent 18 years with Cushman & Wakefield of Washington, and for 10 of those years his team represented Boeing's Commercial Airplane Group worldwide. He has completed more than $2.5 billion of real estate transactions and development, including acquisition of the Mastro and Horbach portfolio totaling more than 20 properties with a price of $211 million, and transactions related to the 777 expansion, which included more than 1,000 acres. He also worked for Trammell Crow Co. and CBRE.

Marcus & Millichap

White

Marcus & Millichap Real Estate Investment Services named Justin White vice president for the Pacific Northwest, which includes offices in Seattle, Portland, Reno and Sacramento. This is a new position. White began his career with Marcus & Millichap in 1999 as an agent in Long Beach, Calif., specializing in multifamily properties. He has served as regional manager of the Long Beach and West Los Angeles offices, and was elected a vice president three years ago. Most recently, he was vice president of investments in Long Beach.

Kidder Mathews

Hatcher

Kidder Mathews promoted Brian Hatcher to executive vice president for Washington and Oregon. He replaces Scott Coombs, who left the company to return to Colliers International. Hatcher will lead Kidder's six offices from Seattle to Portland, focusing on business development and recruitment. Hatcher has worked for Kidder for 15 years, including several years on the board of directors.

Colliers International

Inglin

Greg Inglin returned to Colliers International from Pacific Real Estate Partners. Inglin started his career with Colliers six years ago. He completed more than 400,000 square feet of lease negotiations in Seattle last year. Colliers has added 13 brokers in the past year.

NorthMarq Capital

Ron Peterson, managing director of NorthMarq Capital's Bellevue office, arranged first mortgage financing of $15.1 million for Dakota Apartments, a 156-unit property in Lacey. Financing was based on a 7-year term with a 30-year amortization schedule and was arranged for the borrower through NorthMarq's seller-servicer relationship with Freddie Mac. Peterson also arranged first mortgage financing of $16.1 million for Cantera Apartments, a 288-unit property in Chandler, Ariz. Financing was based on a 5-year term with interest only for three years, then a 30-year amortization schedule. It was arranged through a life insurance company.

IREM updates real estate book

The new edition of “Principles of Real Estate Management” is out. The Institute of Real Estate Management publishes the book on trends shaping the economy and real estate. The book also covers the relationship between government and real estate, and the effects of the Great Recession. It costs $50 for IREM members and $60 for nonmembers. Order at irembooks.org or by calling (800) 837-0706, extension 4650.