Sep 28, 2017

CSIR adds to Portland-Vancouver team

O'Rourke

Cascade Sotheby's International Realty hired Patrick O'Rourke, who will specialize in Portland, Vancouver and coastal regions. He was a VP with Coldwell Banker in Chicago. CSIR's Deb Tebbs said, “Patrick has extensive experience successfully building large, productive real estate organizations and best-in-class leadership teams — one agent at a time.”

CBRE secures loan for 128 Uptown

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Zella

The 128-unit Zella is now under construction at 429 Second Ave. W. in Lower Queen Anne. CBRE Capital Markets said it secured $33 million in construction financing. Mollie Means and James Bach originated the loan through HUD's Section 220 new construction mortgage insurance program. It has an interest-only construction period of 19 months, with a 40-year, non-recourse and fully amortizing permanent loan. The family ownerhip is replacing an older apartment building with a new seven-story structure designed by Encore Architects and being built by Graham Construction. Pastakia & Associates is the fee developer. The project used both MFTE and HALA incentives for an upzone, and will include 26 units of varying levels of afforability. It will be managed by an affiliate of Greystar.

Sep 21, 2017

New Seasons at 23rd & Union

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New Seasons’ Mercer Island store was its first in this area.

Lake Union Partners has signed Portland-based New Seasons Market for an 18,000-square-foot space in East Union, a mixed-use building at 2220 E. Union St. in the Central District. In a statement, CEO Wendy Collie said, “The Central District is such a wonderful neighborhood, rich in history and culture. We are honored to join and serve this community.” New Seasons operates a store on Mercer Island and plans to open one in Ballard next year.

(Editor’s note: An earlier version of this story incorrectly said the store would be in MidTown Center at 23rd and East Union Street.)

SHA receives national honor

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Raven Terrace

Seattle Housing Authority said that its 83-unit Raven Terrace at Yesler Terrace was named 2017's best public housing redevelopment by readers of Affordable Housing Finance magazine. It opened in December 2015, and was designed by Weber Thompson and built by Walsh Construction Co. SHA Director Andrew Lofton said it provides a long-term housing for people at the lowest income levels. Redeveloping the 30-acre Yesler Terrace includes a mix of market-rate and affordable housing.

Join Tacoma redevelopment board

The Tacoma Community Redevelopment Authority Board is seeking nine new members to serve two-year terms. The city wants members with legal experience as well as finance, construction or development, accounting and real estate. Information is at cityoftacoma.org/cbcapplication.

ISRD board seeks members

The International Special Review District (ISRD) board has three vacancies to fill. Nominations are due by Oct. 24, and the election is Nov. 21, at the Bush Hotel. The seven-member board approves new development and historic preservation projects in the ISRD. Information is at: seattle.gov/neighborhoods/preservation/id.htm.

NAIOP looks at Fremont

NAIOP's Oct. 18 breakfast meeting will focus on sustainable development in Fremont. Speakers will include Mark Grey of Stephen C. Grey & Associates, Stefan Riedl of Google and Mike Ross of Tableau. Google and Tableau are major tenants in the booming tech neighborhood. The event starts at 7 a.m. in the Hyatt at Olive 8. Registration and details: naiopwa.org.

Level Office adds event space

Chicago-based Level Office formally opened the historic 1892 Pioneer Building as a co-work facility last fall. Now it's introducing Pioneer Park, a new ground-floor amenity and event space, with an opening party at 4 p.m. Thursday, Oct. 19. Pioneer Park has 5,100 square feet and 17-foot lofted ceilings. The space was once home to Doc Maynard's bar and night club, which closed over a decade ago. The new Doc Maynard's Public House is next door at 614 First Ave. Level Office bought the landmarked Pioneer Building for $20 million in late 2015.

Capital Pacific rebrands

Capital Pacific isn't changing its name. But the 20-year-old company, which has offices in Seattle, Portland and the Bay Area, announced a new rebranding effort and a new interactive website. The company says it wants to highlight its client support system and family-like culture.