Sep 25, 2025

Colliers finds $42M for Shoreline units

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Postmark

As the DJC reported earlier this month, the 5-year-old Postmark apartments then sold for over $82 million to John Stephanus and his Epic Asset Management. Kidder Mathews represented the new owner of the 243-unit Postmark, and JLL represented the seller and original developer, Wolff. But there's another name in the honor roll. Colliers says its Mark Plenge sourced the $42 million acquisition loan from Nationwide Life and Annuity Insurance. The fixed-rate note has a 30-year term. Stephanus said in a statement, “Working with Colliers Mortgage on the financing for the Postmark was a smooth and efficient process because Mark and his team brought deep market insight and had a clear understanding of our long-term vision for the project and our portfolio overall.” Said Plenge, “This transaction is a great example of how creative structuring can unlock value, even in a challenging rate environment.”

NAIOPWA looks south

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Tacoma Yacht Club

Oct. 2 marks the date for NAIOP Washington's south Puget Sound breakfast gathering at Tacoma Yacht Club. To be addressed is leasing, including “tenant demand across asset classes, tenant improvements and concessions, subleasing activity, and how tariffs are influencing decision-making,” says NAIOPWA. The expert panel will include Reid Fetters from UrbanWork Spaces, Will Frame of Kidder Mathews, Jake Roselli of Schnitzer Properties and Carrie Walker from Pacific Asset Advisors. The event begins at 8 a.m. Details and registration: naiopwa.org

Cushman & Wakefield

Jackson

After 14-odd years at Urban Renaissance Group, Shawn Jackson has joined Cushman & Wakefield, that firm announced this week. The industry veteran will split his time between the Portland and Seattle offices. He said in a statement, “The Seattle and Portland markets are dynamic and full of potential. I look forward to leading this exceptionally talented team, fostering a culture of collaboration and leveraging our collective strengths to capitalize on the opportunities ahead and deliver exceptional results for our clients.”

Lee & Associates

Corp

Lee & Associates used social media this week to announce its hiring of Rachel Corp. She'll be based in the Tacoma office. Said Lee on Instagram, “Rachel brings a thoughtful, people-first approach to everything she does, both in business and in life. She's known for building lasting relationships, staying grounded in her values, and showing up for her clients and community with integrity and care.” She makes the move from KW Commercial.

M&M lands $28M for Renton refi

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In Renton, the 108-unit Sunset Terrace sold soon after completion in 2023 to an investor group associated with iCap. (That firm was also part of the original development team.) The deal was then worth about $44 million. A new refinancing package came last month, with a fresh $28 million HUD 223(f) loan sourced by Lument and Marcus & Millichap, the latter firm announced. Tammy Linden led the effort for M&M. The new money replaces a prior bridge loan secured by the same two parties for the new ownership.

Aegis Living

Aegis Living announced this summer that it hired Dirk Burghartz as to be its new company president. The hospitality industry veteran, once a chef, replaces Sandra Preyale, who has retired. Aegis CEO Dwayne Clark said in a statement, “We reviewed more than 70 candidates across the country in search of the perfect blend of head, heart and guts. Dirk rose to the top — not just for his track record, but for his humanity. He understands what it means to lead with purpose. And he's joining us at exactly the right time.” Burghartz makes the move from Life Properties International, which manages private club communities.

Cowlitz County Superior Court

Karmy

Gov. Bob Ferguson has appointed current Cowlitz County Superior Court Commissioner Jill Karmy to the position of Cowlitz County Superior Court Judge. Karmy's appointment, effective Nov. 1, fills the position that Judge Marilyn K. Haan's resignation will vacate. Karmy is a career public servant with more than two decades of legal experience as a superior court commissioner, civil attorney and prosecutor. She has served more than three years in her current role as Cowlitz County Superior Court Commissioner in Kelso, where she presides over a wide range of civil and criminal dockets.

Karmy runs a solo-practice law firm, where she has represented plaintiffs and defendants in a variety of cases and claims. She also serves as a contract prosecutor for the cities of Battle Ground, Ridgefield and La Center, handling criminal prosecution and city code enforcement matters. Earlier in her career, Karmy spent several years as a partner at Parham, Hall & Karmy in Longview. She also served as an associate attorney at several firms in and around the Portland area. She served on the Washington State Bar Association Board of Governors from 2014-2017, including one year as the state bar treasurer, representing Southwest Washington's Congressional District 3. Karmy earned her bachelor's degree from Pacific Union College and her law degree from Lewis & Clark Law School.

Redmond Police Department

The Redmond Police Department (RPD) has been named the winner of the Aerial Achievement Award in the category of Drone as First Responder (DFR) Program Excellence. The honor was announced during the Aerial Achievement Awards Dinner and Celebration at Skydio's Ascend Conference.

Presented annually by Skydio, the Aerial Achievement Awards recognize outstanding drone programs and their mission impact across industries nationwide. “This award reflects the vision, leadership, and commitment of our team in building Washington's only full-time Drone as First Responder program,” said Police Chief Darrell Lowe. “More than just technology, it signifies real-world results that lead to safer outcomes for our officers and community. The recognition is a testament to the dedication of everyone at RPD who embraces innovation to enhance public safety.” Launched in April 2024, the Redmond Police Department's DFR program enhances emergency response capabilities by deploying drones to 911 calls. The drones arrive on scene ahead of officers, providing live aerial visuals that allow for faster, more accurate assessments. This real-time intelligence supports better decision-making, de-escalation of potentially volatile situations, and, when appropriate, the cancellation of unnecessary ground responses, preserving resources for higher-priority incidents.