Aug 31, 2017

NAIOP goes to the frogs

NAIOP has set the date for a volunteer work party in Woodinville. Beginning at 7:30 a.m. on Saturday, Sept. 30, voluneers can help support Farmer Frog, an educational nonprofit that turns underutilized sites into farms and gardens so students and families can learn how to grow food for themselves and their community. The organization has a dozen school gardens statewide, plus two standalone farms. The volunteer party should last until about 4:30 p.m., and it takes place at 23210 Paradise Lake Rd. Event details and registration: naiopwa.org.

California startup comes to Seattle

The online home listing service Open Listings has added Seattle as its first market outside California, according to a company release. The privately held startup allows buyers to “find, tour and buy homes using an entirely online process that's been optimized for buyers in competitive markets.” Open Listings said it offers a 50 percent refund on the buying agent commission, which it said can cover up to half of a buyer's down payment. To date, the company says it has saved over $3.5 million in commission fees for some 400,000 buyers. The company was founded in 2014 by Judd Schoenholtz, Alexander Farrill and Peter Sugihara.

Aug 24, 2017

HFF does $17.8 Bothell refi deal

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Nexus Canyon Park Research Center

Holliday Fenoglio Fowler arranged a $17.8 million refinancing of Nexus Canyon Park Research Center, a 141,982-square-foot life science and flex/R&D building in Bothell. HFF's San Diego debt placement team included Tim Wright, senior director Zack Holderman and Olga Walsh. Nexus Canyon Park is on 6.96 acres at 21720 23rd Dr. S.E. Nexus acquired the then-vacant property in 1999 for an undisclosed amount. It is 37.8 percent leased to Epoch Pharmaceuticals, Qilu Puget Sound Biotherapeutics Corp. and Acucela. Nexus also owns Nexus Snoqualmie Ridge.

Guild golf tourney raises $430K

Guild Mortgage said that its 13th-annual charity golf tournament and dinner auction raised $430,000 for Redmond's Liberty Road Foundation, which funds local nonprofits that help at-risk children and families, and SAFE, a nonprofit that helps get women out of the sex trafficking trade. Guild has 27 branches in Washington state.

Sightline affordable housing event Sept. 20

The local nonprofit Sightline Institute will hold a free panel discussion Sept. 20 on “Building the Affordable City.” Guest speakers will be Daniel Kay Hertz from the Center for Tax and Budget Accountability in Chicago; and Kim-Mai Cutler from Initialized Capital in San Francisco. Sightline director Alan Durning will moderate. It starts at 7 p.m. in Rainier Arts Center, 3515 S. Alaska St. More details and RSVP at sightline.org.

Bentall Kennedy buys Portland building

Bentall Kennedy said one of its investment funds purchased Oregon Clinic Gateway Medical Office Building in Portland. CBRE represented the seller. Terms weren't disclosed. BK, which has a Seattle office, said this is its first medical office building investment in Portland. The 101,299-square-foot building is fully leased, with tenants including The Oregon Clinic and Providence St. Joseph Health.