May 29, 2014

Cox new CEO at EMB Management

EMB Management, which provides services to homeowner associations and developers, hired Ed Cox as chief executive officer. Cox recently worked on developing housing at Atlantis Resort in the Bahamas. EMB Management was founded in 1991 and is based in Bellevue. It is owned by Dallas-based Associa, which says it is North America's largest homeowner association management firm, with 8,000 employees and more than 150 offices in the U.S., Canada and Mexico.

Kilroy adds two board members

Gary Stevenson and Peter Stoneberg joined Los Angeles-based Kilroy Realty Corp.'s board of directors. Stevenson is president and managing director of MLS Business Ventures, the business division of Major League Soccer. Stoneberg is managing partner of Velocity Ventures, a merchant banking firm he founded 14 years ago. Kilroy owns more than 13.3 million square feet of office space in Seattle, San Francisco, Los Angeles, Orange County and San Diego. In March Kilroy paid $106.1 million — a record $754 per square foot — for the Institute for Systems Biology building at 401 Terry Ave. N. in South Lake Union.

Meet Chinese investors June 4-5

World Trade Center Tacoma will hold the International Matchmaking Conference, an event to connect Chinese investors with local companies, June 4 and 5 at Hotel Murano in Tacoma. The focus is on real estate, investment, wine and food. World Trade Center Tacoma is part of New York-based World Trade Centers Association, a nonprofit global trade association that connects business leaders around the world. Register at http://wtcta.org/event.

NAIOP Night of Stars

The Washington chapter of NAIOP will hold its annual Night of the Stars gala at 6 p.m. Nov. 7 at the Hyatt Regency Bellevue. The event honors some of the year's best real estate projects and deals as well as top developers, brokers and public officials. NAIOP is taking nominations now for this year's awards. The nomination form is at http://www.naiopwa.org under night-of-the-stars-overview.

May 22, 2014

NorthMarq refinances Bellevue apartments

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12 Central apartments in Bellevue

NorthMarq Capital's Ron Peterson arranged a $27 million refinance of 12 Central apartments in Bellevue.

The 204-unit garden style complex is at 10290 N.E. 12th St., in what NorthMarq calls a “50-yard line location.” The lender was Freddie Mac.

NorthMarq said it is the largest privately held commercial real estate financial intermediary in the U.S., producing more than $10 billion a year in loans and servicing a portfolio of more than $42 billion.

John Fa leads JLL group

Fa

John Fa has been tapped to run Jones Lang LaSalle's project and development services group in the Pacific Northwest. Fa will handle design, construction and relocation services for corporate and institutional clients. Fa has more than 20 years of experience and was last with Colliers International handling real estate advisory services in the San Francisco office. He has also worked on construction, development and corporate real estate. Jones Lang LaSalle has more than 1,000 employees in 67 U.S. offices. The project and development group manages more than 2,000 projects annually.

Two counties get development grants

The Washington State Community Economic Revitalization Board awarded nearly $90,000 in grants for economic development in Chelan and Whitman counties. The board gave $39,750 to the city of Wenatchee to work on a redevelopment and recruitment strategy. Wenatchee will supply $13,250 in matching funds and develop a development plan for south Wenatchee. The Port of Whitman County will put up $16,500 to match a $50,000 grant to evaluate construction of a LEED-certified building for companies that emerge from Washington State University. The board has given more than $168 million to governments across the state, which it said has created more than 34,000 jobs.