Jan 07, 2016

HFF works on Olympic Block deal

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HFF said it arranged the $22.4 million sale of the office portion of the Olympic Block in Pioneer Square, and then provided financing for the new owner. An entity related to Lincoln Property Co., on behalf of a pension fund client, sold the office portion of the nine-story office and residential building at 101 Yesler Way to Brickman. Nick Kucha and Todd Tydlaska of HFF represented the seller, and Casey Davidson and Paul Brindley of HFF helped secure $15.5 million in financing for the owner. The deal involved 70,796 square feet of office and retail space in the first six floors. There are 18 condo units on floors seven through nine.

Auburn apartments sell for $1.5M

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Scott Morasch and Kellan Moll of Marcus & Millichap's Seattle office arranged the $1.45 million sale of the 12-unit Bridgie Lane Apartments at 2201 I St. N.E. in Auburn. Marcus & Millichap said in a press release it represented both buyer and seller. This was Morasch and Moll's second Auburn closing in December, and both set local records for price per unit, price per square foot and low cap rate, the press release said. Moll said high prices for core properties are making buyers look at the suburbs, and pushing up prices there.

ULI New Year Social Jan. 21

Urban Land Institute Northwest's Young Leaders Group will hold its annual New Year Social at 5 p.m. Jan. 21 at Casco Antiguo, 115 Occidental Ave. S. in Pioneer Square. ULI members and non-members are welcome. The deadline to register is Jan. 19. For more information, contact ULI at Northwest@uli.org or (206) 224-4500, or register at Northwest.uli.org.

Dec 31, 2015

Capitol Hill Housing board, foundation

Wong

Miller

Nabors-Glass

Barbara “b.g.” Nabors-Glass has joined Capitol Hill Housing's board of directors, and Laura Miller and Josephine Wong are new on Capitol Hill Housing Foundation's board. Nabors-Glass is with Goodwill, where she leads services such as education and job training. She previously worked at Seattle Housing Authority. Miller is a partner and broker at Gibraltar, where she has represented local companies on leasing and sales. Wong is deputy director of King County's Department of Community and Human Services. Before that, she was chief operating officer for Capitol Hill Housing.

NAIOP topic: the future of Seattle

The topic of the January NAIOP meeting is “Risks & Collaborations: A Discussion on the Future of Seattle” with the 2015 UW Runstad Fellows sharing what they learned about affordable housing, public spaces and social cohesion in three South American cities: Rio de Janeiro, Santiago and Curitiba. NAIOP said the event will examine how public and private investment can help make cities in this region healthy, affordable and livable. The event begins at 7 a.m. Jan. 20 at Four Seasons Seattle. Presenters are Joe Ferguson, principal at Lake Union Partners; Maiko Winkler-Chin, executive director of Seattle Chinatown-International District PDA; Kate Simonen and Thaisa Way of University of Washington; and two graduates from the UW Runstad Center for Real Estate Studies: Yeon Soo Lee and Andrew Hunt. For more information, or to register, visit: http://goo.gl/MXgi7G

Maple Valley retail center sold

Kite Realty Group Trust of Indianapolis said it sold shopping centers in Maple Valley and Cornelius, Oregon, for a combined $45 million. The Maple Valley property is a 119,580-square-foot shopping center called Four Corner Square. Lead tenants are Grocery Outlet and Walgreens. Cornelius Gateway is a 21,325-square-foot shopping center with lead tenants FedEx Kinkos and Anytime Fitness. Kite Realty said it has interests in 124 properties totaling 25 million square feet in 22 states.