Jul 23, 2015

HFF hires Nick Kassab in Portland

Kassab

HFF hired Nick Kassab as a director in the Portland office, focusing on office and retail sales in the Pacific Northwest. Kassab has more than eight years of experience in commercial real estate, and last worked at Capacity Commercial Group where he closed nearly $200 million in office and retail transactions. HFF provides real estate services in 22 offices nationwide.

Hamilton Zanze buys apartments here

San Francisco-based Hamilton Zanze said it completed 14 transactions in the first half of the year totaling close to $285 million. Four of the acquisitions were in the Puget Sound area, and totaled 480 units. They are: Arbor Square in Olympia, 135 units; Maple Glen in Mountlake Terrace, 106 units; Pointe East in Fife, 124 units; and Aravia Apartments in Tacoma, 115 units. Hamilton Zanze said it owns 87 multifamily properties in nine states with 17,778 units.

Dave Carter joins Tarragon

Carter

Dave Carter has joined Tarragon as a construction manager. Carter has more than 20 years of experience, focusing on multifamily projects for general contractors and developers. He spent 13 years with Carino Homes doing apartments and condos. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.

RLJ buys Lynnwood hotel for $38M

RLJ Lodging Trust of Bethesda, Maryland, bought Homewood Suites by Hilton Hotel in Lynnwood for $37.9 million. RLJ paid about $223,000 per room for the 170-room hotel at 18123 Alderwood Mall Pkwy. RLJ owns 126 hotels with about 20,800 rooms in 22 states and Washington D.C. It has two other sites that will be converted to hotels.

Jul 16, 2015

HFF broker for Premiere on Pine

HFF represented Holland Partner Group in the sale of Premiere on Pine, a 40-story apartment tower at 815 Pine St. that sold for $240.1 million to Chicago-based Heitman. Matthew Lawton, Ira Virden and Gerry Rohm handled the sale for HFF. Weber Thompson designed Premiere on Pine and Holland's construction division built it. Other team members are Susan Marinello, interior designer; Cary Kopczynski & Co., structural engineer; and Holland Residential, property manager.

Jonas Sylvester chairs ULI council

Allen

Sylvester

Unico Properties' chief investment officer and chief operating officer Jonas Sylvester will chair Urban Land Institute's Northwest District Council for two years. He succeeds Ada M. Healey of Vulcan Real Estate. Dennis Allen, director of planning and development at Zidell Yards in Portland, is vice chair. The Northwest council is one of 51 ULI councils in North America.

Tarragon adds Tammy Cane

Cane

Tammy Cane joined Tarragon as a development manager specializing in industrial properties. Cane has more than 18 years of experience, and last worked at Holland Partner Group as a senior development manager. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.

CBRE gets financing for Ridgewood

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CBRE Capital Markets arranged $45 million in refinancing for Ridgewood Corporate Square, a seven-building office complex in Bellevue.

Marina Massari and Sharon Kline of CBRE's Newport Beach, California, office represented the owner: KBS Realty Advisors.

Ridgewood Corporate Square was built in 1986 and has 242,081 square feet. The address is 150-330 120th Ave. N.E.