Jan 28, 2016

Suncadia 2015 sales top $55M

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In 2015, 133 houses, development sites and condos valued at more than $55 million were sold at Suncadia. Prices ranged from $80,000 to $3 million, Suncadia officials said in a press release. Suncadia sold 69 development sites, 46 custom houses and 18 condos last year, with the average price up 30 percent from 2014. Since 2003, 715 houses and condos have been built at Suncadia. Suncadia is about 80 miles east of Seattle near Cle Elum. It is owned by an affiliate of Lowe Enterprises and a subsidiary of Oaktree Capital Management, both of Los Angeles.

Erwin Park joins Madison Bay

Park

Seattle-based real estate services company Madison Bay Commercial added Erwin Park as a partner. Park has nine years of commercial real estate experience with a focus on representing tenants in sales and leasing. He was a broker and advisor for NAI Puget Sound Properties and Jones Lang LaSalle.

Maureen Waters joins Point B

Waters

Point B Inc. named Maureen C. Waters a principal focused on property development. Waters has more than 20 years of experience and last worked as head of real estate and asset management for Bill Gates Investments. Prior to that she spent 15 years as an executive at Cushman & Wakefield. Point B is based in Seattle and does development, management consulting and venture investment. Point B's website says it has worked on ski resorts, airport terminals, schools and tech projects.

‘Cashing in on the Boom' March 17-18

A two-day seminar on housing and mixed-use development called “Cashing in on the boom and avoiding litigation” is set for March 17-18 at Hilton Seattle. The Seminar Group event will cover city politics, law, transportation and the challenges of projects, with perspectives from developers, designers and lenders. Program co-chairs are Gregory A.V. Clark of Foster Pepper and Samuel Jacobs of Helsell Fetterman. For more information or to register, visit: http://goo.gl/Bxs4yq

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.