Nov 10, 2016

Bartell Drugs in Commons at Ballard

The family-owned, Seattle-based drugstore chain is opening its newest location Nov. 19 in the Commons at Ballard, 5601 22nd Ave. N.W. The 14,200-square-foot store is the 65th in the 125-year-old chain's regional network. The grand opening from 7-11 a.m. will include special offers at the growler fill bar, Northwest on Tap. Henbart developed the mixed-use complex to meet LEED platinum standards. There are two buildings with 22,000 square feet of office space, 80 apartments, 20,000 square feet of retail and four townhouses facing Ballard Commons Park.

Builders Capital

The real estate construction loan and investment company said Lynda Meadows has been named chief financial officer. She is a CPA with 30 years of experience in commercial real estate, and worked for Weyerhaeuser Realty Investors and Quadrant Homes, a division of Weyerhaeuser. Founded in 2009, Builders Capital has funded over 1,100 loans totaling nearly $500 million.

Marcus & Millichap

M&M said it sold Windmill Center Self Storage in Edgewood for $4.35 million. The five-acre Pierce County property has 37,093 square foot of secure storage, a small office building, and 50 parking spaces for RVs and oversized vehicles. M&M's Christopher R. Secreto, Jacob Becher and Aaron Sher represented the buyer and seller.

CCIM Institute

The Chicago-based organization CCIM Institute designated three local people as new Certified Commercial Investment Members: Mark O'Shea of Mercer Island's Azose Commercial Properties; Amanda Day Hahnemann of Bellevue's RGM Commercial Real Estate; and Jackie Fisher Niebling of Kirkland's Weidner Investment Services. They join some 10,000 CCIMs nationwide. Certification requires 160 classroom hours and various professional requirements.

Realogics Sotheby's International Realty

Realogics Sotheby's International Realty is consolidating two smaller offices on Bainbridge Island into a new space in the Old Hardware Store at 240 Winslow Way E. Half of the renovated 1948 building — about 4,000 square feet — is now what RISR's Island Living Gallery. The other half will be Bruciato, a new restaurant and bar from chef Brendan McGill of Hitchcock, that is set to open later this year. Jennifer Johnsen is the new branch manager for the RSIR brokerage. The space will be a stop on First Friday Artwalk and an evening events space. The Old Hardware Store was acquired in January by an LLC led by Joseph Lacko. The renovation team included architect Dana Webber, Clark Construction and interior designer Jennifer Colley.

Nov 03, 2016

Low Income Housing Institute

LIHI Executive Director Sharon Lee and James Tjoa.

The nonprofit LIHI announced that its 25th anniversary gala and auction last month raised $490,000, with proceeds going to a variety of programs including support services, Urban Rest Stops and Tiny Houses. Among those attending the fete, held at the Four Seasons Hotel, were Diego Benites of Boston Capital, Christian Chan of Burrard Group, Bill Reid of Walsh Construction, Cathy Danigelis of KeyBank, and Jeff Foster of GGLO. Also attending: Speaker of the House Frank Chopp. LIHI gave Housing Heroes awards to the Tulalip Tribes TERO Program and James Tjoa, whose brokerage bears his name.

Realty Marketing/Northwest

Realty Marketing/Northwest is auctioning 50 properties in Washington, Oregon and California, most of them foreclosed and now owned by banks. Bids are due by Nov. 15. Here are some of the local trophies on the block: a $2.8 million Lake Kachess lodge built on four acres in 2007 (reserve price now $1,399,500); a 7.5-acre site in Port Orchard zoned for both single- and multifamily development ($495,000 reserve); and (oenophiles take note) a 12-acre Yakima Valley winery, with a vineyard (70 percent planted), two houses, winemaking equipment and a tasting room ($435,000 reserve). The winery was last operated as Tefft Cellars, so check your basement for samples. More info and full listings: (800) 845-3524 and rmnw-auctions.com.

Gene Juarez Salons & Spas

The 45-year-old Gene Juarez Salons & Spas announced it will open a new flagship concept shop at The Shops at The Bravern. It will occupy 17,000 square feet on the Bravern's top floor, and is being designed by SkB Architects. The combined spa/salon is intended to be a model for future expansion and renovations. The company currently operates 10 shops and two schools, and will close its current downtown Bellevue location next summer. (Gene Juarez himself retired in 2011 after selling the company to local private equity firm Evergreen Pacific Partners. The company is now led by Scott Missad.) The salon's landlord will be New York-based Ashkenazy Acquisition Corp., which owns The Shops at The Bravern. Valet parking will be free, of course.

Foss Waterway Development Authority

Attention, mariners! The FWDA is seeking salty new blood to fill three vacancies on its board of directors. The seven-member board is charged with implementing the Foss Waterway master plan, including the sale, lease, development and management of public properties. Board members typically convene two to six hours a month, plus a one-day annual retreat. Terms are three years. The city of Tacoma is seeking people with experience in finance, real estate, law or construction management. Board members are appointed by the city Economic Development Committee and confirmed by the City Council. Apply to cityoftacoma.org/cbcapplication or contact Amanda Punsalan at (253) 591-5178.

Summit Homes

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Canyon Terrace

Local homebuilder Summit and San Diego-based Presidio Residential Capital have started selling 70 houses in Canyon Terrace in Renton, located at Southeast 192nd Street and 124th Avenue Southeast. They range from 2,265 to 3,132 square feet, with up to five bedrooms. Prices start in the low $500,000s. Tukwila-based Summit has built over 3,000 homes over 30-plus years. Presidio has over $2 billion in assets under management. The two firms have partnered on 11 projects to date.