Apr 25, 2013

Colony Park Business Center sold

Photo courtesy of Jones Lang LaSalle [enlarge]

The Colony Park Business Center in Lynnwood sold for $7.85 million.

A local investor represented by Ken Butler of Charleston, S.C.-based Butler Commercial Investments LLC bought The Colony Park Business Center in Lynnwood for $7.85 million, or $95.19 per square foot. Jones Lang LaSalle Senior Vice President Daniel Seger, managing directors Ann Chamberlin and Mark Flippo, and Vice President Brent Jackson represented the seller, which was an entity of Washington Capital Management. The six-building, 82,467-square-foot property is at 19011-19029 36th Ave. W. It was 86 percent leased to 20 tenants at the time of sale. In January, Jones Lang LaSalle facilitated the $4 million sale of a 29,570-square-foot office and bank building in the business center.

Keller Williams Realty

Bailly

Christophilis

Brown

Keller Williams Realty recently hired three agents in Seattle. Bill Brown has more than 20 years of experience in the industry, most recently with Asset Realty. Margo Christophilis will lead a residential real estate team of seven brokers and support staff that will likely grow to 15 by the end of the year. Tracy Bailly has 17 years of experience as a recruiter and managing broker in Washington and Oregon. She will work on a team that handles luxury listings in Seattle and the Eastside. Keller Williams is based in Austin, Texas, and has more than 80,000 employees in 700 offices in the U.S. and Canada.

Jones Lang LaSalle

Mascarin

Allison Mascarin has joined Jones Lang LaSalle's Seattle brokerage team, where she will specialize in agency leasing. She will work with Laura Ford and Stuart Williams representing downtown office landlords. She worked in marketing at Jones Lang LaSalle for the last four years. Among Mascarin's assignments will be Century Square, a 30-story Class A office building. Jones Lang LaSalle employs 305 people in Seattle. The company has more than 1,000 offices in 70 countries.

Ace Parking Management

San Diego-based Ace Parking Management has reached an agreement with Kemper Development Co. and American Assets to run five parking lots in Bellevue. The lots are at Kemper's Bellevue Place, Hyatt Regency Bellevue, Lincoln Square, Bellevue Westin and American Assets' City Center. Ace signed a deal with a different property owner to manage three lots in Portland. Ace employs 342 people in the Pacific Northwest and manages 25 locations. Nationwide, the company manages more than 450 locations serving nearly 200,000 customers per day.

Churchill Mortgage

Brentwood, Tenn.-based Churchill Mortgage recently added 16 employees in branches around the country, including one in Gig Harbor. Ryan T. Ryan will work as a loan officer. He has more than 20 years of experience in financial services and real estate. Churchill provides residential mortgages with offices in 26 states.

CREW luncheon on Via6

The Commercial Real Estate Women of Seattle and Sound will discuss Via6, a high-profile apartment complex anchored by several Tom Douglas businesses, at its next lunch meeting at 11:30 a.m. May 9 at the Washington Athletic Club in Seattle. Pamela Hinckley, CEO of Tom Douglas Restaurants; Steve Nordlund of GGLO; and Matt Rosauer of Pine Street Group, the developer of Via6, will speak. Bill Gormley, senior project manager of Via6 contractor Lease Crutcher Lewis, will moderate the discussion. For more information, or to register, visit: http://www.crewseattle.org/

Apr 18, 2013

Colliers International

Colliers International hired David Abbott as a senior vice president. Abbott was with Jones Lang LaSalle. He will join Senior Vice President Greg Inglin to work with landlords and tenants in the Seattle central business district. Over the past six years Abbott has represented Prudential Real Estate, UBS, Clarion Partners, Talon Private Capital, Touchstone Corp., Shorenstein Properties and Wright Runstad. Colliers has added 19 brokers in the past 18 months. The company has 482 offices in 62 countries.

Scanlan Kemper Bard

Portland-based Scanlan Kemper Bard Cos., which recently opened an office in Seattle, acquired CityCenter of CityNorth, a 628,000-square-foot mixed-use project in Phoenix that contains condos, office space, retail and nearly five acres of undeveloped land. Scanlan Kemper Bard teamed with Minnesota-based Wayzata Investment Partners LLC to complete the transaction. CityCenter was built in 2008 and has struggled. Scanlan Kemper Bard said it plans to turn the project around by improving the retail and attracting better tenants. Scanlan Kemper Bard has a $2.77 billion portfolio with 20.3 million square feet of office, industrial, retail and housing.

WAR: Nationwide Open House

Thousands of homes in this area will be on display this weekend as part of the fourth annual Nationwide Open House, sponsored by the Washington Association of Realtors. The WAR event became a national event after a statewide open house in 2009 attracted more than 5,000 participants. It started as a series of local open houses. Each open house will be marked by blue balloons with the realtor “R.”

Realtors brief candidates on housing

Seattle King County Realtors will brief candidates seeking local elected office about housing issues at noon May 7 at the Westin Bellevue on Bellevue Way. Presentations will cover legislative, legal and regulatory issues that affect local real estate, housing supply and economic conditions. Northwest economist John W. Mitchell will be the keynote speaker. Make online reservations by May 1 at http://bit.ly/11camu4 .