Feb 16, 2017

Jones Lang LaSalle

Heitstuman

Weatherly

Allen

JLL announced the hiring of Ray Allen as a managing director in the Seattle office. Previously with Marcus & Millichap, Allen will specialize in debt financing for JLL. JLL's David Young said Allen's financing experience helps position the firm as a market leader in the Pacific Northwest. JLL said analyst Valerie Weatherly and associate Drew Heitstuman have joined the firm's capital markets division.

Coldwell Banker Bain|Seal

Kim Gray has been promoted from director to VP of human resources at Coldwell Banker Bain|Seal. She joined CBBS in 2011. She is responsible for 31 branches in Washington and Oregon, as well as Rainier Title and Escrow Professionals.

Northwest Multiple Listing Service

Deely

Northwest Multiple Listing Service has elected a new chairman and two new board members. Coldwell Banker Bain's John Deely is chairman. He is based in Pierce County and has almost 30 years of experience in the field. New to the 15-member board are Jason Wall, a broker and owner of Seattle's Lake & Company Real Estate; and Robert Wasser, from Seattle-based Prospera Real Estate. NWMLS has a membership of nearly 2,100 offices and over 25,000 individual brokers. It publishes sales reports and statistics.

AIA Seattle

The Seattle chapter of AIA will hold an urban design forum next week on HALA and the so-called “grand bargain” that seeks to create affordable housing in exchange for allowing taller buildings. Speakers will be Rick Mohler of Mohler + Ghillino Architects and Marty Kooistra, executive director of the Housing Development Consortium. The event starts at 5:30 p.m. Wednesday, Feb. 22 at the Center for Architecture & Design, 1010 Western Ave. RSVP for the free event at aiaseattle.org.

Meyers Research

The national real estate advisory group Meyers Research has announced a new local hire at the vice president level. Analyst Deanna Sihon moves over from Land Advisors, bringing 16 years of experience in the field. She'll be based in Seattle while reporting to Meyers' Beverly Hills headquarters. Meyers is part of the publicly traded real estate investor Kennedy Wilson.

Feb 09, 2017

Mission Capital Advisors

Ray

Hotel Deca in the University District was sold last month for $44.6 million by LaSalle Hotel Properties to AJ Capital Partners. The hotel will be renovated and rebranded as the Graduate Seattle. National firm Mission Capital Advisors said that it secured $100 million in debt financing to acquire and convert both the Deca and a Minneapolis hotel to the Graduate brand. In a statement, MCA's Jordan Ray said, “People like the concept of an amenitized hotel that has a fun local vibe and is situated on or near a campus. The [Graduate] brand is already becoming a household name.” AJ Capital will renovate the 158-room Deca over the winter of 2017-2018, including converting the penthouse suites to a rooftop bar. The hotel opened in 1931 as the Edmond Meany Hotel.

Ryan Companies

Jordan

Phoenix-based Ryan Companies has hired Bret Jordan, a veteran broker from Colliers, to lead the new office it is opening in Seattle. Ryan is a national real estate company with 1,300 employees in 13 offices, and is active in all sectors of the market. Jordan has 27 years of experience in real estate, the last eight at Colliers. Ryan regional president Rick Collins said in a statement, “Bret's experience in real estate brokerage, development and investment, along with his strong reputation and relationships in the greater Seattle community, create an opportunity for growth of our Northwest region.”

Colliers

Colliers promoted Derek Heed to managing director of its Bellevue office. He has been with the firm since 1995, involved in leasing about five million square feet and over $250 million in sales. Colliers said last year Heed completed 70 transactions. He will work closely with partner Gregg Riva in the Bellevue office.

NAIOP

NAIOP's Feb. 15 breakfast will tackle the subject of capital markets, asking “Are we headed for a correction?” Panelists will be David Young of Jones Lang LaSalle, Dean Rostovsky of Clarion Partners, James Payne of U.S. Bank and Tom Pehl of CBRE, looking at rising debt costs, peaking property cycles, interest rates and President Trump's economic policies. The event starts at 7 a.m. at Four Seasons Seattle. Info and registration are at naiopwa.org. NAIOP Washington was just named chapter of the year by the national organization.