Jan 21, 2021

Vulcan welcomes QueenCare to 23rd & Jackson

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Vulcan Real Estate recently completed its Jackson Apartments. Now some of the new retail tenants are being confirmed. Among them are QueenCare, a locally based, Black and woman-owned small business. It'll have one of three small but prominent bays facing South Jackson Street, with about 500 square feet. The boutique sells luxury body-care products, home items, wearables and unique gifts. Vulcan says the tenant came via its partnership with the nonprofit Ventures, which fosters micro-businesses owned by women, BIPOC, LGBTQ+, immigrants, refugees and underserved low-income entrepreneurs. Jackson Apartments, which replaced the old Red Apple, has the recently opened Amazon Fresh as its anchor grocery tenant.

ISRD board slot open

The city of Seattle recently announced an opening on the International Special Review District Board, which approves all design proposals in the Chinatown-International District area. The open slot is one of two appointed positions; five are elected, and there's one member-at-large. The two appointed positions are drawn from CID residents or workers or those with historic links to the community. Interested parties should submit their qualifications to resume to rebecca.frestedt@seattle.gov by Feb. 5.

JLL

Mulhern

JLL announced the recent appointment of its John Paul Mulhern to lead the brokerage's new lead industrial investment advisory sales team for our region. He was previously with JLL's international capital group, also based here in Seattle. The firm's Tom Wilson said in a statement, “Given the growth of the industrial sector that we've seen throughout the pandemic, we felt it was important to build out our suite of services to include an industrial expert who will serve our industrial clients in Seattle and throughout the Pacific Northwest.” In his new role, Mulhern will work closely with Mark Detmer in the firm's Los Angeles office.

Berkadia acquires Moran's multifamily unit

Berkadia recently announced the acquisition of the apartment brokerage practice of Moran & Co. Terms were not announced. The new arm will be called Berkadia Institutional Solutions, Powered by Moran. Marking the move from Moran & Co. are Mary Ann King and Keith Misner, both based in California, along with about 31 other brokers. Berkadia CEO Justin Wheeler said in a statement, “We remain optimistic about the future of multifamily and are committed to building the most robust CRE platform in the country, powered by the best talent in our industry. There's no team more experienced or respected in the institutional sales space than Moran.” Berkadia is the 12-year-old real estate services venture of Berkshire Hathaway Jefferies Financial Group.

Tarragon

Mann

Comeau

Carter

Lovshin

Blair

Tarragon recently announced the addition of five new faces to its Seattle office. Company president Dennis Rattie said in a statement, “I'm very excited to have this talented group join the Tarragon team — their broad range of experience across development, construction and marketing will have an immediate impact across multiple areas of the company. That quintet comprises: Bayard Blair, now in acquisitions, who makes the move from CBRE; Jeff Lovshin, in multifamily, who comes from Bromley Cos.; Katelin Carter, in marketing, who was previously with Hewitt; Monique Comeau, formerly with CBRE, now to focus on the industrial market; and Peter Mann, now to specialize in multifamily management and construction, who makes the move from Heartland.

Porch to add four platforms to software stable

Local firm Porch, an online platform for residential real estate services including home repairs, went public last fall. Now it's announced four pending acquisitions. It plans to pay about $100 million, in cash and stock, for the insurer Homeowners of America of Texas. The firm is considered a business-to-business-to-consumer operation, or B2B2C. Porch founder and CEO Matt Ehrlichman said in a statement, “HOA is a great business with a deep and experienced leadership team who have spent more than a decade building a growing, profitable, and innovative managing general agent and insurance company hybrid. Porch will also acquire the marketing and data platform V12, of Boston, which is a software-as-a-service operation, or (SaaS). That stock and cash deal is expected to close at up to $28 million, also in the second quarter. In two smaller deals, Porch will acquire PalmTech, a home inspection platform, and iRoofing.

Jan 14, 2021

Cushman & Wakefield

Beddard

Cushman & Wakefield recently announced that its Alison Beddard has been named managing principal for our state; she'll move from the firm's Salt Lake City office to Seattle. C&W's West Coast president Dan Broderick said in a statement, “Alison embodies our firm's values and the highest qualities we champion in our leadership.” Said Beddard, “I am excited to join my new team at Cushman & Wakefield and work in the dynamic Seattle and Bellevue commercial real estate markets, well recognized as home to some of the most influential and leading companies in the world.”

Kidder Mathews

Ryan

Greene

French

Kidder Mathews recently announced some changes to its West Coast property management team. Erin French will become executive VP for the firm's Northwest and Northern California regions. She previously managed properties in the south Puget Sound area. Succeeding her for that portfolio will be Jan Greene, a 25-year veteran in the field. And his prior responsibilities now shift to Shelley Ryan, also a practiced hand in property management. KM estimates that it now manages about 71 million square feet on the West Coast, spanning most if not all asset classes.

CenterCal Properties

Ramey

CenterCal Properties, which has a significant local footprint, has announced that Craig Ramey has joined the firm to oversee its Bay Area and Pacific Northwest operations, which now total about 3.5 million square feet. He makes the move from Regency Centers. CenterCal founder Fred Bruning said in a statement, “Craig is an incredible talent. He has a knack for community-building, and will help continue in our tradition of creating spaces that complement the communities we serve.” Ramey added, “I consider the Pacific Northwest my home and look forward to building upon the impressive Pacific Northwest portfolio with new acquisitions, developments and redevelopments.” Here, CenterCal and Pacific Coast Capital are nearly done with the mixed-use Village at Totem Lake makeover. Its other holdings include The Terminal, in Ballard. Ramey will be based in Tigard, Oregon.