Feb 20, 2014

New CEO for Footprint Investments

Reines

Jim Potter's Footprint Investments LLC hired Cathy Reines as president and CEO. Reines has more than 25 years of experience in finance. She has been a partner at both a large national accounting firm and a smaller firm. Reines will work on projects outside the Northwest. Footprint develops micro-apartments, and has projects in Seattle and Portland, as well as Denver, Oakland, Detroit and New Jersey.

Kim Herman honored for housing work

Kim Herman, executive director of the Washington State Housing Finance Commission, received an award from the Council for Affordable and Rural Housing for public servants who provide low-income housing in rural areas. Herman was instrumental in founding the commission and has been executive director for more than 30 years. He also led the U.S. Department of Housing and Urban Development's Rural Assistance Initiative in Washington and was executive director of the Yakima Housing Authority. The commission has used revenue bonds and tax credits to finance more than 275,000 low-income units statewide.

Suncadia sales top $44 million in 2013

Broker sold 155 units worth more than $44 million in 2013 at Suncadia, a mountain resort 80 miles east of Seattle. It was the best sales year since 2008. Crews began construction on 57 new homes in 2013, up from 36 in 2012. In 2013 Suncadia started a Featured Builder program that speeds up planning and construction. Suncadia Real Estate Sales Co., the resort's broker, has sold 1,420 plots, homes and condos since 2003.

Commercial real estate sales conference

Law Seminars International will its hold 20th annual Advanced Conference on commercial real estate purchases and sales April 7 and 8 at the Red Lion Hotel on Fifth Avenue. Topics include due diligence and environmental work before closing a sale, structuring and negotiating major deals, and enforcing purchase and sale agreements. Program chairs are Jennifer D. Cobb of Jameson Babbitt Stites & Lombard and Susan A. Shyne of Van Ness Feldman. For more information, or to register, visit: http://bit.ly/1huchIs

Feb 13, 2014

Morris to lead Lowe in the NW

Morris

Lowe Enterprises Real Estate Group hired Suzi Morris as senior vice president in charge of Pacific Northwest operations. She will be in charge of the 24-story, 169-unit condo project at 1321 Seneca St. on First Hill that Lowe Enterprises is doing with Swedish pension fund Alecta. It is scheduled to break ground later this year. Morris has worked as development director for Alliance Residential and senior investment manager of multifamily development for Schnitzer West. She has helped develop more than 1,450 multifamily units in the region. Lowe Enterprises is based in Los Angeles and has developed, acquired or managed more than $21 billion in real estate assets.

Willis to chair CRE chapter

Willis

Shorett

Jon B. Willis of Issaquah-based Global Property Strategies will chair the Counselors of Real Estate Pacific Northwest chapter this year. Peter K. Shorett, an executive vice president at Kidder Mathews, is vice chair. The chapter covers Alaska, Idaho and Washington. The Counselors of Real Estate is a Chicago-based organization with members in real estate, finance and legal fields who provide advice on complex property and land use issues.

Reno project for Lake Washington Partners

Issaquah-based Lake Washington Partners has started a 750,000-square-foot distribution center in Reno's Spanish Springs Business Center for SanMar Corp., a Seattle-based retail supplier. It is scheduled to open at the end of the year. United Construction Co. of Reno is the general contractor. Lake Washington Partners wants to develop another building at Spanish Springs with 800,000 square feet, and is looking for a tenant. Lake Washington Partners will spend $3 million to renovate a building in Sparks, Nev., that SanMar will vacate when it moves to Spanish Springs.

Vancouver Real Estate Forum

The 20th annual Vancouver Real Estate Forum is Feb. 20 at Vancouver Convention Centre West. The conference will open with an overview of the economy and real estate conditions by Sonya Gulati, senior economist at TD Economics. Seminars will include office and residential activity in Vancouver, development in the suburbs, changing demographics and what investors want today. For more information, or to register, visit: http://bit.ly/1nufHbw

eXp opens Louisiana office

A Bellingham-based real estate brokerage called eXp Realty International Corp. has opened an office in Louisiana. The company hired Louise Kennedy as managing broker in New Orleans. Representatives of eXp said it is the first cloud-based global real estate brokerage. The company is active in 29 states and in the Canadian province of Ontario.