Jul 14, 2016

CBRE

[enlarge]

24 Hour Fitness in Portland’s Pearl District

CBRE Capital Markets' Debt & Structured Finance team secured $21.2 million in non-recourse financing for two retail/gym properties in Oregon: 24 Hour Fitness in Portland's Pearl District and 24 Hour Fitness in suburban Tualatin. Financing was arranged for an entity owned and controlled by Metro Commercial Realty. The loan term is 15 years and the interest rate is 3.64 percent.

Union Street Corporate Real Estate

White

Union Street Corporate Real Estate hired Nate White as a broker in Seattle. He has nine years of commercial real estate experience. Union Street was founded in 2015 by Derek Hermsen to represent office tenants.

Seattle Housing Authority

Seattle City Council confirmed the appointment of Dr. Paula Houston and David Moseley to at-large positions on Seattle Housing Authority's seven-member board of commissioners. Houston is CEO of Sound Generations in Seattle and was executive director for Meredith Mathews East Madison YMCA. Moseley was assistant secretary to the Washington State Department of Transportation Ferries Division.

Beach hotel sold in Newport, Oregon

Denver-based HREC Investment Advisors said it arranged the sale of the 148-room Best Western Agate Beach Resort in Newport, Oregon, to an affiliate of Vesta Hospitality, which owns and operates U.S. resorts and hotels. Mike Armstrong and Mike Cahill represented the private seller. Armstrong said Vesta plans a multi-million-dollar upgrade for the hotel, which is on Highway 101 west of Portland and Eugene.

Jul 07, 2016

2 leases in The Park at Woodinville

[enlarge]

The Park at Woodinville

KBS Realty Advisors of Newport Beach, California said it signed two leases for 21,702 square feet in The Park at Woodinville. Advanced Protective Coating is taking 8,965 square feet and Dan Terry & Associates renewed a lease for 12,737 square feet. The five-building warehouse complex is north of downtown Woodinville. Dan Terry & Associates provides custom thermal systems. Advanced Protective Coating works on automotive and marine vehicles. Matt Little from Westlake Associates represented Advanced Protective Coating, and Dan Terry & Associates represented themselves. Derek Heed with Colliers represented KBS Realty Advisors in both deals.

NAI Puget Sound Properties

NAI Puget Sound Properties hired Ryan Olson as a broker. Olson was with Wallace Properties, and joins NAI as a vice president. He has been a top performing broker for 14 years. NAI specializes in leasing and sales of office, industrial and retail properties as well as investment sales. It operates as the Western Washington affiliate of NAI Global, and has offices in Bellevue, Seattle and Tacoma.

July 13 NAIOP talk: innovative projects

NAIOP's July 13 meeting will be “Innovative Projects: 47+7, CLT and Amazon HQ.” It starts at 7 a.m. at the Four Seasons. NAIOP says Seattle's growth is fueling innovation in local design and development firms when it comes to construction, delivery, materials and workplace design. Here are the speakers and their topics: Construction and Delivery: 47+7 Apartments, Matthew M. Grunert of CollinsWoerman; Sustainability: Cross Laminated Timber, Susan Jones of Atelierjones; and Culture & Use: Amazon HQ's Flexible Workspace and Amenities to Drive Productivity, Dale Alberda and John Savo of NBBJ. More information is at https://naiopwa

NAIOP property tour July 21

The 2016 NAIOP property tour will cover the Denny Triangle and Belltown. Cost is $95 for members and $125 for non-members. Explore downtown Seattle's progress as a place to live, work and play — with new housing, offices, hotels and retail in this rapidly evolving neighborhood. Visit NAIOPwa.org/property-tour-2016 for tour stops, speaker info and reservations.