Aug 04, 2016

Holliday Fenoglio Fowler

Photo courtesy HFF [enlarge]

Broker Holliday Fenoglio Fowler handled the sale of two Albertsons grocery stores in Renton and Milton for a combined total of $13.6 million. Both stores are leased through 2035 to the national grocery chain, which merged with Safeway last year. The seller, HH Property North, LLC, was represented by HFF brokers Nick Foster, Mark West and Nick Kassab. The buyer, CE Enterprise Partners, LLC, was represented by Bob Tuller of Cushman & Wakefield San Francisco.

Pryde + Johnson

Photo courtesy JLL [enlarge]

The Soren has 111 units, retail and underground parking.

Through an LLC, developer Pryde + Johnson has sold the 111-unit Soren apartments in Ballard for $45 million. Completed in 2014, the six-story Soren also has 4,500 square feet of retail space and underground parking. Jones Lang LaSalle and Candoo Associates brokered the deal to buyer Soren Apartments LLC, which is associated with Pillar Communities of Scottsdale, Arizona. JLL says the Soren is now 96 percent leased. Pryde + Johnson now is building the 106-unit Keelson in Ballard, expected to open this fall.

Newmark Grubb Knight Frank

Ottele

Broker NGKF has announced three new hires: Jesse Ottele, Cavan O'Keefe and Brody O'Keefe. All three were at CBRE and have deep roots in the Seattle-Puget Sound market. New York-based NGKF was formed in 2012 when owner BGC Partners merged the remnants of Grubb & Ellis with its Newmark Knight Frank.

Jul 28, 2016

Cushman & Wakefield/Commerce

Cushman & Wakefield/Commerce hired Evan Cohn as associate broker. He joins the Seattle investment capital market team led by veterans Gary Danklefsen and Gordon Ahalt, who have done deals worth $5 billion. A Northwest native with a sales background outside real estate, Cohn will now focus on the commercial office market, where owners are looking to finance for upgrades and possible sales.

NAIOP Sept. 21 event: Tale of Two Cities

NAIOP's Sept. 21 breakfast will look at what shapes the real estate landscape of cities across the country. Speakers are Mark Flemming, chief economist with First American and a guest on CBS, Fox News, CNBC and NPR talking about mortgages and property issues; and Linda Isaacson, director of business intelligence with First American, who leads the firm's initiatives and analytics. It starts at 7 a.m. at Four Seasons Seattle. Information is at http://www.naiop.org.

NAIOP community enhancement Sept. 24

This year's NAIOP community enhancement project will be Saturday, Sept. 24, from 7:30 a.m. to 4:30 p.m. at a high school in Burien called New Start. NAIOP said in a press release that students at New Start High School are pursuing an education even though their life circumstances make it a significant challenge. New Start teachers and staff provide support to help them succeed. The Salmon Creek Campus had been an elementary school before it reopened for the high school. The school was dilapidated and built for small children, and has not been remodeled, with broken walkways, chipped paint, deteriorating wood and a confusing entry. NAIOP said the project will give students pride in the school and create a comfortable and welcoming environment. NAIOP is seeking financial donations and volunteers. Information is at http://www.naiop.org.