Oct 12, 2017

Atlas expands at Lumen

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Atlas Workbase

Atlas Workbase will expand in the mixed-use Lumen condominium on Lower Queen Anne, at 500 Mercer St. The 6,000-square-foot addition should be ready in the first quarter of next year, the company said. The shared workspace provider entered this market last winter, with 20,000 square feet in the former OfficeMax space. The existing space has short- and long-term offices. The addition will add a private, street-level entrance at Fifth and Roy Street, and direct elevator access to the underground garage, shared with QFC. Atlas says the expanded facility will be open 24/7. The new space is already 33 percent pre-leased. In a statement, CEO Bill Sechter said, “We are ecstatic about the success of our first facility, and eager to further accommodate existing and future members.”

New president at Clise

Cuthill

Northwest native David Cuthill has been named the new president and COO for Clise Properties. He was previously vice president of development for the Pacific Region for Chicago-based mall owner GGP, or General Growth Properties, and also worked for Nordstrom and Opus NW. Richard Stevenson retired as president in the spring. Al Clise remains chairman and CEO of the 127-year-old family-owned firm. The 56-year-old Cuthill is a lawyer and a certified public accountant. In a statement, Cuthill said, “I will focus on continuing Clise's key role as a vital stakeholder in the rise of Seattle as a global hub for commerce and technology.”

Gilson joins HFF multifamily team

Holliday Fenoglio Fowler has added Scott Gilson to its multifamily team, where he will specialize in debt and equity placement. Gilson moves from NorthMarq Capital, where he helped arrange $250 million of debt financing in the last six years. Educated at the University of Washington, and a CCIM, Gilson joins HFF's Portland office.

Oct 05, 2017

CBRE promotes Parsons

Parsons

CBRE has promoted John Parsons to lead its national data center practice for valuation and advisory services (VAS). A Seattle native with 15 years of experience in commercial real estate, Parsons has been with CBRE since 2011. VAS team leader Thomas B. McDonnell said the firm has strengthened specialty property types such as data centers, health care and senior housing. CBRE projects that national data center investment for 2017 will exceed the past three years combined. About $18.2 billion was invested during the first half of this year.

Realtors to plant trees in Issaquah

Seattle King County Realtors will have a tree-planting day of service Friday at Cougar/Squak Corridor Park in Issaquah from 10 a.m. until 3 p.m. Work gloves and tools will be provided. This is the 11th such day of service oraganized by SKCR and The Realtors Environmental Council. Volunteers should dress for the weather, which is forecast to be sunny. For registration and more details: nwrealtor.com.

NAI Puget Sound Properties seals Fife deal

NAI Puget Sound Properties said that its team of Jeff Forsberg and Arie Salomon represented the buyer of a fully leased industrial building in Fife. The transaction was worth $4.3 million for the 43,000-square-foot building at 2523 Pacific Highway E. The site is 2.6 acres. The local buyer of the Fife 2523 Building was Fortune Investments. Forsberg said in a statement, “This was a rare opportunity to aquire a multi-tenant business park in the hot Fife market on busy Pacific Highway.” Theron Meier of Neil Walter Co. represented the seller, who was not named.

Realtors education day Oct. 19

The Washington State Commercial Association of Realtors said its annual education day will be Thursday, Oct. 19, from 8 a.m. to 2:15 p.m. at Motif Hotel. Topics will include Eastside zoning, Kirkland Urban, the SeaPort Alliance and the last legislative session. Registration and info: wscar.org.

M&M works on 2 recent deals

Marcus & Millichap represented the seller and procured the buyer, both local, for a self-storage faciltiy in Richland. The 308-unit Stor-House Self Storage sold for $5.65 million, or about $113 per square foot. The 2004 structure has 49,795 rentable square feet, and sits on almost 3.7 acres. M&M's Chris Secreto said the property is in West Richland, near a retail corridor and higher-end housing. In Longview, M&M's George Miller represented the buyer of the 130-unit Mountain View Apartments, who paid $10.58 million for the complex, which was developed on six acres in 1979. Whitney Rhoades from M&M's Portland office represented the seller. Joel Deis, from the Seattle office, assisted in the deal.

2 CREW social events

CREW is organizing a free social and educational gathering tonight with the theme of “The Talent Storm: How to weather challenges in the workplace.” The event takes place from 5:30-7 p.m. at Knoll, 1200 Fifth Ave. And competing for your attention on the same night is a ticketed mixer at the new Old Stove Brewing Co., in MarketFront at Pike Place Market, at 1537 Western Ave. The Oktoberfest event is also sponsored by NAIOP, and runs from 4:30-7:30 p.m. Register at crewnetwork.org and naiopwa.org.