May 02, 2013

Sesame Communications

Sesame Communications, which helps dental and orthodontic offices expand their online presence, doubled its office space in Seattle's Reedo building at 542 First Ave. S. The company has occupied the third floor since 2010, and will now take the second floor as well. Sesame said it has expanded its workforce by 189 percent, and increased revenues by 261 percent since 2010. The Reedo building was renovated in 2005 to add energy-efficient systems and utilities.

HomeStreet Bank

HomeStreet Bank — Commercial Real Estate, formerly HomeStreet Capital, provided $5.6 million for refinancing the North Auburn Business Park, owned by Cinderella Properties LLC. Katie Plett, HomeStreet Bank relationship manager, facilitated the agreement. The 143,000-square-foot, six-building industrial complex is near state Route 167 and 37th Street Northwest.

Contaminated land conference June 6

NAIOP, Northwest Environmental Business Council and the Washington Department of Ecology will hold a conference June 6 on the challenges involved in cleaning and redeveloping contaminated property. The all-day event begins at 8 a.m. in the Greater Tacoma Convention and Trade Center. Speakers will examine the risks, cleanup techniques, and how to manage legal and regulatory issues. Information and registration is at http://bit.ly/12W3m7Y

ULI event on cool businesses

Restaurant and retail experts will speak at the Urban Land Institute's May 8 meeting on “Purveyors of Cool: How Creative Business Owners Bring Life to a Neighborhood.” The event begins at 4:30 p.m. in the Washington Shoe building, 410 Occidental Ave. S. Kelly Kost, retail strategist with Downtown Works, will moderate the discussion. Panelists will show how creative businesses benefit a neighborhood. Panelists are: Ethan Stowell of Ethan Stowell Restaurants, Bryce Phillips of Evolution Projects, Jim Graham of Graham Baba Architects and Anne Marie Koehler of CBRE. For more information, contact ULI at Northwest@uli.org or (206) 224-4500.

June 14 real estate law event, golf

John A. Bender of Ryan, Swanson & Cleveland will lead a discussion about legal issues in the real estate industry at 9 a.m. June 14 at the Vashon Golf and Swim Club, 24615 75th Ave. S.W. The event is sponsored by The Seminar Group. Topics include renewable energy projects, purchase option issues, real estate ethics and permitting. Lunch will follow, and there will be a golf game at 1:15 p.m. For more information, visit: http://bit.ly/YmNQDH

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/