Aug 03, 2017

OpenSquare takes Duwamish space

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Westcore Properties said that it has leased a refurbished warehouse at 303 River St., on the Duwamish Waterway, to workplace solutions company OpenSquare. Terms for the five-year lease weren't disclosed. The facility has 75,048 square feet, 25-foot clear heights, office areas, a loading dock and slab upgrades. Westcore was represented by Mike Roy and Kevin Skillestad of Neil Walter Co. Kidder Matthews' Matt Wood and Patricia Loveall represented OpenSquare.

Stearns Lending expands local team

Lyons

Santa Ana-based Stearns Lending added Kade Lyons to its local retail mortgage-lending team. Lyons was with Wells Fargo Home Mortgage in Spokane, and will serve clients in Washington, Idaho and Oregon.

Krippaehne joins C&W

Krippaehne

Cushman & Wakefield Commerce named William W. Krippaehne Jr. as an executive director. He has more than 35 years of experience in senior strategic and operating roles, including as president and CEO of Fisher Properties in Seattle. Krippaehne started his career with The Gilley Co. in Portland and managed that firm's Seattle branch before it was purchased by Cushman & Wakefield. In 2006, he established North Pacific Realty Advisors.

CBRE to manage 2 Denny Triangle buildings

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CBRE said it will manage two Denny Triangle properties on the same block — 1918 Eighth Ave. and 818 Stewart St. They have a combined 977,450 square feet and are owned by institutional investors advised by J.P. Morgan Asset Management. Tenants include Amazon, Boston Consulting Group and DCI Engineers. CBRE said its asset services team now manages over 40 million square feet in the Seattle market.

Legacy adds property and staff

Daniel

Legacy Partners will manage the 280-unit Stonemeadow Farms apartments in Bothell on behalf of owner AEW Capital Management. The complex was developed by Archstone in 1998, and improvements are planned. Legacy has hired Heidi Daniel to the property management team. She was with Holland Partner Group's Denver office. San Francisco-based Legacy now manages 1,916 units in nine communities in the Pacific Northwest.

(Editor’s note: The story has been changed to correct the name of the owner.)

Jul 27, 2017

RSIR to market ID's Koda condos

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Koda condominiums are planned for 450 S. Main St.

Realogics Sotheby's International Realty said in a press release that it's working with Da-Li Development to market Koda condominiums, which are planned for 450 S. Main St. The latest plan is for an 18-story project with 200-plus units and 77 underground parking spaces. Prices are expected to start from the low $300,000s. The goal is to break ground in early 2018 and finish by 2020. KMD Architects is designing the building. RSIR's Dean Jones said, “New construction condominiums in downtown Seattle are effectively sold out of inventory below the city's median home price of $750,000.”

Windermere names new COO

Burton

Windermere Real Estate has named Brooks Burton its first chief operating officer. Burton makes the move from Ohio-based HER Realtors. Windermere CEO Geoff Wood said this will allow him and the firm's co-presidents to focus less on day-to-day operations and more on growth. The co-presidents are Wood's wife, Jill Jacobi Wood, and his brother-in-law, OB Jacobi. The company was founded by John Jacobi in 1972. Burton will be responsible for marketing, technology, professional development, legal and economics.

NAIOP networking social Aug. 3

The theme for NAIOP's August networking social is “Change Makers for a Better Future.” The event takes place at 5 p.m. Thursday, Aug. 3 at the courtyard of Weber Thompson, 225 Terry Ave. N. There's no agenda for the gathering. NAIOP says: “We'll pool our collective wisdom, challenge assumptions, reach across boundaries and explore what's possible when everyone pulls in the same direction.” Registration and details at naiopwa.org.