May 07, 2015

CREW: Are we in a bubble?

Commercial Real Estate Women Seattle & Sound's next meeting will focus on whether the current economic boom is a bubble or a sustainable trend. The event begins at 11:30 a.m. May 14 at Washington Athletic Club. Scott Matthews of Bentall Kennedy and Mark Dibble of DSC Capital will explore the economic forces behind this boom and try to answer the question: “When is a bubble not a bubble?” For more information, or to register visit: http://goo.gl/JRaszm.

Marzano-Moore is IREM delegate

Marzano-Moore

Lynn Marzano-Moore of Seattle has been nominated as a residential manager delegate to the Institute of Real Estate Management's governing council, which has the final say on bylaws, policy and budget. She would represent Alaska, Idaho, Montana, Oregon, Washington and Wyoming. Moore is a principal at Property Staffing Associates, a temp agency that focuses on property management. IREM has more than 18,000 individual and 550 corporate members.

Patel heads Asian hotel group in NW

The Asian American Hotel Owners Association named Komal “Tina” Patel of Eugene, Oregon, its Northwest regional director. AAHOA says it is the largest hotel owner association in the world, with more than 14,000 members who own 20,000 properties. Regional leaders coordinate events and meetings, and gather feedback for national representatives.

ULI offers Georgetown tour June 11

Join Urban Land Institute Northwest on a walking tour of Georgetown at 3:30 p.m. June 11. The tour will focus on the galleries, creative businesses, restaurants and manufacturing companies that have changed the neighborhood. The event begins at Fantagraphics Bookstore & Gallery, 1201 S. Vale St., and ends at Georgetown Brewing Co., 5200 Denver Ave. S. For more information, or to register, contact ULI at 206-224-4500 or northwest@uli.org.

Apr 30, 2015

Weidner in the top 50

Kirkland-based Weidner Apartment Homes has been added to the National Multifamily Housing Council's list of the top 50 biggest apartment owners and managers nationwide. Weidner ranked 27th for apartments owned and 29th for managed. The company owns and manages 41,175 units nationwide. Weidner is the only Washington-based company to make either list. It first cracked the top 50 three years ago. In 2014, Weidner added 2,800 units to its portfolio. It is buying in several markets and planning to build more than 3,500 units. Weidner says its goal is to have 50,000 units by its 50-year anniversary in 2027.

Red Lion buys GuestHouse, Settle Inn

Spokane-based Red Lion Hotels Corp. said it will buy the GuestHouse International and Settle Inn hotel brands. Red Lion will get intellectual property assets and franchise license agreements for 73 hotels, with nearly 5,200 rooms for $8.5 million, with a potential additional payment of up to $1.5 million. The sale is expected to close today. This transaction more than doubles Red Lion's hotel portfolio from 57 to 130 hotels in 30 states. GuestHouse and Settle Inn properties will remain under those brands, but Red Lion will update the reservation systems.

NAIOP topic: Cities, smartphones and 787s

NAIOP's May breakfast meeting is titled “Cities, Smartphones and 787s: The Technologies Driving How We Move and Live Today.” The event begins at 7:30 a.m. May 20 at Four Seasons Seattle. Greg Lindsay, senior fellow at World Policy Institute, will talk about how airports will be the new centers of development and growth, and the popularity of new transportation methods like Uber. For more information, or to register, visit: http://goo.gl/VvZnUJ