Feb 11, 2016

Berkadia arranges $107M in sales

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The Pacifica

The Seattle office of Berkadia said it recently facilitated three big apartment sales in the region over. In December, Senior Managing Director Kenny Dudunakis arranged the sale of 19th & Mercer, a 50-unit apartment building on Capitol Hill, for $25.1 million. Washington Trust Bank purchased the project from Meriwether Partners, according to a press release from Berkadia. Dudunakis and Berkadia associates Ben Johnson and David Sorensen completed the $46 million sale of the Landing at Dash Point in Federal Way in January. FPA Multifamily of San Francisco bought the 388-unit complex from Bridge Investment Group of Salt Lake City. Dudunakis and senior director James Jenson of Berkadia's Tacoma office facilitated the sale of The Pacifica, a 177-unit complex in Tacoma. Rush Cos. of Gig Harbor sold the complex to Green Leaf Partners of Danville, California, for $36.25 million.

NAIOP topic: capital markets forecast

The Washington chapter of NAIOP will look at trends in capital markets at its monthly breakfast meeting at 7 a.m. Feb. 17 at Four Seasons Seattle, 99 Union St. Mike Wood of NBS Financial will moderate a panel that includes Lori Hill of Jones Lang LaSalle, Jamie Zadra of Prudential Financial and Jay Thomas of Walker & Dunlop. For more information, or to register, visit: https://goo.gl/lkeZJu

Port of Everett bus tour March 11

The Port of Everett will offer bus tours through its shipping facilities March 11. Officials will discuss the port's role in the aerospace industry and the latest real estate news, including the port's Waterfront Place Central Development. Tours begin at 9 a.m., 3:30 p.m. and 5:30 p.m. To reserve a spot, contact Catherine Soper at 425-259-3164 or catherines@portofeverett.com.

HFF arranges equity for 2nd & Pike

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Gerry Rohm, Bruce Ganong, Nick Kucha and Mark Erland of HFF arranged joint venture equity for Urban Visions' 2nd & Pike apartment project. The 39-story, 340-unit project is under construction now and set to open in December 2017. The equity partner is Mitsui Fudosan America, the U.S. subsidiary of Japan's largest public real estate company, according to an HFF press release. Tom Kundig of Olson Kundig is the design architect for the apartments, and Ankrom Moisan Architects is the architect of record. Sellen Construction Co. is the general contractor.

Feb 04, 2016

URG promotes Black and Jackson

Jackson

Black

Urban Renaissance Group promoted Troy Black to chief financial officer of both URG and Touchstone, and Shawn Jackson to vice president and regional manager of URG. Black is currently CFO of Touchstone, which was acquired by URG in 2014 and operates as a wholly owned subsidiary. He has more than 25 years of financial and real estate experience including leadership positions at Weyerhaeuser's real estate arm. Jackson is currently URG's general manager. In his new role, Jackson will focus on business development with an emphasis on leasing and operations. Jackson worked at Hanover Co., Equity Office Properties Trust and The Benaroya Co.

Tarragon hires Aegir Olsen

Olsen

Tarragon hired Aegir Olsen as a development associate to focus on acquisitions and market analysis for the multifamily and industrial teams. Olsen recently graduated from the University of Washington with a bachelor's degree in construction management. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.

Mia Marshall joins NAIOP board

Marshall

Mia Marshall has been selected to join NAIOP's national board of directors. Marshall is a managing principal at EHS Design, a Nelson company. She serves on the Washington NAIOP chapter board and now will be on both boards concurrently. Washington's chapter is the fifth largest in the U.S. with more than 800 members.

Promotions, new hires at Avenue 55

Welch

Zaborowski

Avenue 55 said it promoted Drew Zaborowski to development manager and added Emily Welch as a development associate. Zaborowski started at Avenue 55 in 2013 as a development associate working on industrial and office projects. Welch will handle industrial, office and mixed-use projects. The Seattle-based firm focuses on investment and development. Its website lists several industrial projects in south Puget Sound.

CREW economic forecast Feb. 11

Commercial Real Estate Women Seattle & Sound will offer its 2016 economic forecast at 11:30 a.m. Feb. 11 at Washington Athletic Club in Seattle. Speakers are Svenja Gudell, chief economist at Zillow; Stuart Williams, managing director at Jones Lang LaSalle; and Skylar Olsen, senior economist at Zillow. They will discuss macroeconomic conditions and offer predictions for commercial and residential real estate in Seattle. For more information or to register, visit: http://goo.gl/eXuLyN