Jan 21, 2016

Kidder Mathews opens Reno office

Simonsen

Nevis

Hoeck

Kidder Mathews opened a new office in Reno and hired four of that region's top industrial brokers. The new hires are J. Michael Hoeck, senior vice president and managing partner; Michael Nevis, senior vice president; Dave Simonsen, senior vice president; and Steve Kucera, vice president. Kidder Mathews has more than 500 employees in 13 offices in Washington, Oregon, California, Arizona, and Nevada. Kidder Mathews opened offices in San Diego, Sacramento and Phoenix last year.

State honors HNN Associates

HNN Associates of Bellevue received a Proud Partner Award from Washington State Housing Finance Commission. HNN manages more than 4,000 affordable apartments in 25 properties throughout the state. Many were built with financing from WSHFC, which has financed approximately 106,000 affordable apartments statewide through housing tax credits and bonds. Many of HNN's properties are restricted to people making less than 60 percent of area median income.

HFF arranges $27M Kent sale

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HFF said it arranged the $26.5 million sale of Creeksides at Centerpoint, a three-building, 218,650-square-foot office complex in Kent. Unico Properties sold the complex at 20415 72nd Ave. S. to Menashe Properties of Portland. The complex is 90 percent leased to tenants including Iron Bow Technologies, Washington State Department of Social and Health Services, Washington State Department of Health, Naverus Inc. and Wells Fargo.

Pathfinder closes fund

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San Diego-based Pathfinder Partners closed its fifth real estate acquisition fund. The firm has spent almost half of the $87 million on seven properties in the Western U.S. that have closed and two more that are under contract. They include Cedardale Apartments, a 126-unit complex at 2501 S.W. 336th St. in Federal Way. Other properties are located in Portland, Las Vegas, San Diego and Phoenix. Pathfinder focuses on smaller properties that need work. It has bought or sold property worth about $1 billion since 2006.

Jan 14, 2016

$65M refi for Hyatt House hotels

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Sonnenblick-Eichner Co. said it has arranged $65.2 million in first mortgage financing for Hyatt House hotels in Bellevue and Redmond. Many firms were interested, and the borrower eventually chose a life insurance company for the loan, according to a press release. Sonnenblick-Eichner is a real estate investment banking firm based in Beverly Hills focused on acquisitions and construction and permanent loans.

ULI Emerging Trends in Asia Jan. 21

Urban Land Institute Northwest and ULI Asia Pacific will present a report on “Emerging Trends in Real Estate Asia Pacific 2016” at 8:30 a.m. Jan. 21 in the 51st floor conference center at Two Union Square. Ken Rhee, ULI's chief representative in mainland China, will discuss key Asian markets, with a focus on China and Japan. The report is based on surveys and interviews with 343 investors, fund managers, developers, owners, lenders, brokers, advisers and consultants. For more information, or to register, visit: http://goo.gl/Ni9D7z

$6.7M refi for Tukwila apartments

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Greg Benjamin and Jeff DeHarty of NorthMarq Capital's Denver office provided $6.7 million in refinancing for Foster Greens Apartments at 13865 Interurban Ave. S. in Tukwila. The 104-unit complex was built 1988. It has a heated pool, spa and sauna, gym and sports court. An entity related to Weidner Apartment Homes of Kirkland owns the property.

Leverson promoted at Tarragon

Leverson

Tarragon promoted Kate Leverson from marketing assistant to marketing coordinator. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.