Mar 16, 2017

Hamann joins Tarragon

Hamann

Tim Hamann has been hired as a senior development manager for Tarragon. Previously director of construction at Kimco Realty, his future projects will include the 150,000-square-foot expansion of Sunrise Village retail complex in Puyallup. That property currently has 350,000 square feet.

Hamann has a certificate of commercial real estate development from the University of Washington.

CHH Top of the Town April 27

Parker

The nonprofit housing developer Capitol Hill Housing, whose current projects include Liberty Bank Building, has announced its annual Top of the Town fundraiser will be Thursday, April 27 at the Sorrento Hotel. The speaker will be BRIDGE Housing CEO Cynthia Parker. She was the city's director of housing. For tickets and info, visit capitolhillhousing.org.

Perkins Coie represented Samis

Skanska is doing demolition for the 38-story 2+U tower at 1201 Second Ave., which is expected to open in 2019. The law firm Perkins Coie said it represented the Samis Foundation on the 99-year ground lease for the site. The Perkins team was led by attorneys Heidi Beck and Katherine Wax.

ULI meeting on ST3

The topic of the March 22 breakfast meeting of the local chapter of Urban Land Institute is “Developers Assemble! ST3 & Beyond.” Voters approved the $54 billion Sound Transit 3 measure last fall. Speakers will be Sound Transit CEO Peter Rogoff and planner Ric Ilgenfritz, Wright Runstad's Greg Johnson, and Barrientos + Ryan's Kristin Neil Ryan. The moderator will be Cairncross & Hempelmann's John Hempelmann. It starts at 7:30 a.m. at W Seattle Hotel, 1112 Fourth Ave. Details and registration: northwest.uli.org.

Caring Transitions of North Puget Sound

Jim Burnett and Chris Seaver have opened a new business called Caring Transitions of North Puget Sound. Caring Transitions is a national franchise specializing in helping seniors move and downsize, and handling estate liquidations. The company has 200 branches in the U.S. Burnett and Seaver will serve Everett and greater Snohomish County. Services will include organizing, packing, moving, liquidations and preparing homes for sale.

Mar 09, 2017

NAI Puget Sound Properties

NAI has acquired Shephard Commercial Real Estate. Founded 11 years ago by Lee Shephard, it manages 15 Seattle properties with over 1.2 million square feet of office, industrial and retail space. NAI bills itself as the largest locally owned commercial real estate brokerage firm operating solely in the Puget Sound region. It has 42 brokers in three offices. Company President Scott Coombs said, “Great management services can significantly enhance the value of a real estate asset, and Lee and his team have been doing this successfully for over 30 years.”

Barrientos takes on a partner

Maria Barrientos has a taken on a partner, Kristin Neil Ryan, and changed the name of her company to Barrientos + Ryan. A new website is expected soon. Ryan previously was with Jonathan Rose Companies, and has developed and managed property in Portland, Berkeley and Seattle, where she is now based. She also worked on schools and multifamily housing in New York with Civic Builders and The Dermot Co. Ryan has degrees from Columbia and Yale. Barrientos' current projects include a 54-unit complex in Pioneer Square called The Cannery, 75 units in Lower Queen Anne and 84 units in the University District. Her firm is also consulting on adding 300 housing units to the Pacific Tower campus and is in the early stages of planning apartments on Teatro ZinZanni's site opposite Seattle Center. TZZ is leaving this month. The new owner of the site is Washington Holdings, which wants to build between 275 and 350 units, likely in an eight-story building.

Security Properties

Security Properties said it paid $27.2 million for an apartment complex in Las Vegas. The 342-unit Orchard Club was developed in 2001 as affordable housing. JLL Capital Markets helped finance the deal. Security Properties owns about 1,400 units in and around Las Vegas. In a statement, the company's Bryon Gongaware said, “This acquisition increases our already strong investment in the Las Vegas market, and allows us to preserve this high-quality affordable housing community for the next 15 years with energy efficiency upgrades and capital investment.” Orchard Club is income-restricted through 2032. It will be managed by Madrona Ridge Residential, an affiliate of Security Properties.