Jun 04, 2015

Doug Daley joins Bellwether Housing

Daley

Former Harbor Properties CEO Doug Daley will be executive director at Bellwether Housing, replacing Sarah Lewontin, who is retiring after being executive director since 2004. Daley has been on the affordable housing group's board since 2010, and was chair in 2013 and 2014. Daley spent 10 years at Harbor Properties, now called Mack Urban, and before that was CFO at Trammell Crow Residential West Coast Group. Daley said in a press release that more investors today want to support affordable housing. Bellwether manages 30 properties with 1,900 units in Seattle, housing 3,200 people.

TruAmerica hires Doug Vodder

TruAmerica Multifamily, which owns several apartment complexes in the area, has hired Doug Vodder as director of capital improvements. Vodder will oversee renovations in the Pacific Northwest. He worked at the Seattle office of Greystar, where he supervised maintenance and capital improvements for more than 5,000 apartments. TruAmerica was founded in 2013 as a joint venture between Robert Hart and The Guardian Life Insurance Co. of America. The Los Angeles-based company has about 8,000 units valued at $1.5 billion, including 1,400 in the Pacific Northwest. TruAmerica said it wants to buy 2,000 units in the Pacific Northwest this year.

Cushman to manage Central Building

Cushman & Wakefield | Commerce said it will manage the eight-story Central Building at 810 Third Ave. for KBS Strategic Opportunity REIT. The 191,784-square-foot building is 92 percent leased. John Fox and Janice Davis will lead the team for Cushman & Wakefield. KBS bought the building in July 2013 for $34.5 million. It was constructed in 1907, and designated a landmark in 2008 after a five-year renovation. Cushman & Wakefield manages approximately 1 million square feet in the region.

CREW topic: affordable housing

Commercial Real Estate Women Seattle & Sound's June luncheon will tackle the issues of affordable housing, looking at demand, policies and financing. The event is at 11:30 a.m. June 11 at Washington Athletic Club. Panelists are M.A. Leonard of Enterprise Community Partners, Sarah Lewontin of Bellwether Housing and Faith Pettis of Pacifica Law Group. They will look at the effectiveness of current policies and how they could be modified. For more information, visit: https://goo.gl/jAnOfL

May 28, 2015

HFO on the move in Portland

Fehrenbacher

Vaz

Cross

Portland-based apartment brokerage HFO Investment Real Estate moved to a newly renovated office building at 2424 S.E. Division St. in Portland. In the last year, the company has doubled its staff to 19. HFO recently brought in brokers Tyson Cross and Cody Vaz, and promoted Lee Fehrenbacher to broker. HFO says it is the largest apartment brokerage in the Pacific Northwest. HFO was founded in 1999. In addition to brokerage services, the company holds events and releases market news and video programming.

Hunt joins Kilroy board

Jolie Hunt, founder of New York-based marketing and communications firm Hunt & Gather, has joined Kilroy Realty Corp.'s board of directors. Hunt has been a marketing executive at AOL and Thomson Reuters, and also worked at IBM and Financial Times. Los Angeles-based Kilroy has more than 13 million square feet of real estate in Seattle, San Francisco Bay Area, Los Angeles, Orange County and San Diego. Its biggest Seattle project is at 333 Dexter Ave. N., where it is proposing two 12-story office towers.

ULI Young Leaders event July 24-25

The Urban Land Institute's Young Leaders Group will hold the Cascadia Regional Conference here July 24 and 25 at Melrose Market Studios, 1532 Minor Ave. The event will focus on Seattle's rapid growth, and the challenges and opportunities that poses, with panel discussions, tours and social events. For more information, or to register, visit: http://goo.gl/vZzG20