Mar 03, 2016

NBS sells multifamily business

Stratton

Norris, Beggs & Simpson of Portland sold its residential property management business — NBS Multifamily Management — to Hoban & Associates, which is part of the Everett-based firm Coast Group of Companies. NBS said it will focus on capital markets. Susan Stratton started the property management division in 2010. The portfolio has more than 2,000 units in the Portland area. Coast Group was founded in 1987 and manages more than $4 billion in assets. Services include management, transactions, construction services and equity investments in commercial and residential real estate.

CBRE hires Heather Almond for retail

CBRE hired Heather Almond to lead the retail management business. She will be associate director of asset services in Seattle and Portland. Almond has more than 15 years of experience in managing and marketing shopping centers mostly in San Francisco, Seattle and Roseville, California. She was vice president of marketing for Westfield Corp. in San Francisco.

Leslie Beaird joins Tierra

Beaird

Tierra Right of Way Services named Leslie Beaird to manage right of way operations in the Pacific Northwest. Beaird has 19 years of experience in the right of way industry. She last worked at Universal Field Services, and before that she worked at Washington State Department of Transportation.

Vision 2040 nominations due

Puget Sound Regional Council is seeking nominations for the annual Vision 2040 awards. The awards honor sustainable projects that consolidate jobs and housing near existing infrastructure. Previous winners include Kitsap Forest and Bay, Marion Green Townhomes, and Tacoma's Regional Growth Center Plan. Nominations are due by May 20. For more information contact Michele Leslie at (206) 587-4819, mleslie@psrc.org or visit: http://goo.gl/qV8yIU

Cedarbrook Lodge gets $27M

[enlarge]

Sonnenblick-Eichner Co. said it arranged $27 million in first mortgage financing for Cedarbrook Lodge, a 167-room hotel in SeaTac. The lodge is on seven acres of restored wetlands and two miles from Sea-Tac Airport. It has 17,000 square feet of meeting space and a gym. Sonnenblick-Eichner is a real estate investment banking firm based in Beverly Hills.

Capri Apartments open in Kirkland

[enlarge]

Capri Apartments has opened at 324 Central Way in Kirkland. Continental Properties said the five-story, 73-unit project will help meet the demand driven by workers at Google, Tableau Software and Wave Broadband. Rents for the one- and two-bedroom units range from $1,825 to $5,395. Retail tenants include Key Bank, Emerald City Smoothie, T-Mobile, Bella Vision and Zoom+Care. Studio Meng Strazzara is the architect and Compass General Construction is the general contractor. Other team members are: Cary Kopczynski & Co., Pace Engineers, CT Engineering, Morrison Hershfield, HV Engineering, AES Associates, Thomas Rengstorf & Associates, Sechrist Design Associates and ABPB Consulting.

Feb 25, 2016

Kidder Mathews hires retail team

Miller

Sevilla

Kidder Mathews has hired the retail sales and leasing team of Damian Sevilla and Jason Miller from Colliers International. They have completed more than 250 leases for clients that include Taco Time, Cherry Street Coffee, Banfield Pet Hospital, Equity Residential, Beacon Capital Partners and Urban Visions. Kidder Mathews has more than 550 employees in 13 offices in Washington, Oregon, California, Arizona and Nevada.

Purchase and sales seminar March 21-22

Law Seminars International will hold its 22nd Annual Advanced Conference on Real Estate Purchases and Sales March 21-22 at Courtyard Seattle Downtown/Pioneer Square, 612 Second Ave. The focus will be on structuring, financing, negotiation, documentation and due diligence for major property sales. For more information, or to register, visit: http://goo.gl/zFJDHl

NAIOP Real Estate Challenge March 9

The Washington chapter of NAIOP's March 9 breakfast will include a debate about transit-oriented development and the conclusion of the 2016 Real Estate Challenge. The challenge is a contest between students from University of Washington, University of British Columbia and Portland State University to plan a TOD project in the Bel-Red corridor. The event begins at 7 a.m. at Hyatt Regency Bellevue. Teams will give their presentations, and the winner will be announced. For more information, or to attend, visit: http://goo.gl/3MOZAe

Weyerhaeuser campus loan

Columbia Pacific Advisors provided a $50 million first mortgage loan for the purchase of Weyerhaeuser's Federal Way campus. Industrial Realty Group bought the 425-acre campus earlier this month for $70.5 million. IRG plans to redevelop and lease or sell parts of the campus for industrial and office space. Mesa West Capital, which is partially owned by Columbia Pacific Advisors, helped originate the financing and is expected to be involved in managing the loan. Columbia Pacific Advisors said it manages more than $1.1 billion in loans, equity, growth capital and distressed debt. Since January it has closed more than $90 million in loans.