Nov 07, 2013

Prudential NW now Berkshire

Prudential Northwest Realty Associates is now Berkshire Hathaway HomeServices Northwest Real Estate, part of a new network operated by HSF Affiliates LLC that is under Warren Buffett's Berkshire Hathaway HomeServices brand, based in Irvine, Calif. Buffett bought a controling interest in Prudential in 2012 and said at the time that he'd buy millions of houses if that were possible. Prudential Northwest was founded in 1942 and has more than 350 agents in King, Pierce and Snohomish counties. Mike Gain is president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate, and Earl Lee is CEO of HSF Affiliates. Berkshire Hathaway has brokerages in California, Colorado, Connecticut, Florida, Missouri, North Carolina and Texas.

HFO adds Trevor Carlton

Calton

HFO Investment Real Estate, a Portland firm that specializes in apartments, added Trevor T. Calton as a senior broker. Calton is a professor of real estate finance at Portland State University, and he has worked in real estate since 1997. He has worked as a commercial broker, managing partner in a commercial real estate investment firm and a senior financial mortgage analyst. Calton was director of asset management for the Housing Authority of Portland, where he managed 6,000 low-income housing units in Multnomah County.

Gorlick retiring from Chicago Title

Paravia

Molitor

Gorlick

Kaye Gorlick, senior commercial account manager for Chicago Title of Washington, will retire at the end of this year. Gorlick started with Chicago Title in 1987, and played a key role in expanding the commercial department, which handles sales, escrow and title work. The department will be led by Kelly Molitor, Steven Paravia, Mike Beckman and Bob Anderson, who have a combined 75 years of experience in the industry. Chicago Title provides title, escrow and under-writing services.

Thomas Co. opens Seattle office

Thomas Co., a Newport Beach, Calif.-based commercial real estate brokerage, opened a Seattle office and hired Adam Christoffersen. In July, veteran CBRE broker Jeffrey Thomas founded the company, which specializes in net lease transactions. It provides single tenant, net leased investment brokerage and capital markets advisory nationwide. Christoffersen was previously vice president at Gibraltar LLC, a Seattle-based developer, property manager and broker. Thomas and Christoffersen worked together at CBRE.

HomeStreet opens California offices

Seattle-based HomeStreet Bank has opened five California home loan offices in San Francisco, Newport Beach, San Diego, Carlsbad and Del Mar. HomeStreet opened its first California location in February, and added six more in September. The 93-year-old company now has 24 retail branches and 41 home loan offices in the Pacific Northwest, California and Hawaii.

Oct 31, 2013

ULI Emerging Trends Nov. 19

Urban Land Institute Northwest will hold its annual Emerging Trends event Nov. 19 starting in 7 a.m. at the Westin Seattle. ULI and PwC will release the Emerging Trends in Real Estate 2014 report at the meeting. Mitch Roschelle, partner at the accounting and consulting firm PwC, will be the keynote speaker. Ada Healey, vice president at Vulcan Real Estate, will moderate a panel of Len Jordan, managing director at Madrona Venture Group; Peter Kahn of Spear Street Capital; and Amy Price, chief operating officer at Bentall Kennedy. For more information or to register, email Northwest@uli.org or call (206) 224-4500.

NAIOP-AGC 2014 construction forecast

The Washington chapter of NAIOP, AGC of Washington and Seattle AIA will give their 2014 construction forecast Nov. 20 at the Museum of History and Industry beginning at 7 a.m. Cliff Brewis of McGraw-Hill will also give an overview of the national economy and projected real estate activity in Western Washington. For more information, or to register, visit: http://bit.ly/1am9DOU/.

Fairview Partners buys California storage

Seattle-based private equity firm Fairview Partners bought Double D Self Storage in Turlock, Calif. The facility was built in 1999, and it has 609 units in 92,708 square feet. Fairview Partners started buying properties in 2011. The company has invested more than $20 million into distressed assets.