Nov 14, 2024

Northmarq finds $65M for three refinancings

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In a trio of recent refinancing deals for separate owners, Northmarq has arranged nearly $65 million in new money for the three different owners. On First Hill, the 1950s-era Monticello benefited from a nearly $9 million Fannie Mae deal. Northmarq's Robert Spiro led the effort. (Those 107 units last traded in 2007.) In Enumclaw, another $13 million in Fannie Mae funding went to the 84-unit Aspen Glade. Spiro again led that initiative. The largest deal came in Port Orchard, where Spiro and colleagues arranged over $43 million in Fannie May money for the 216-unit Haven Apartments (pictured), which opened last year. Spiro said in a statement, “Our Northmarq Fannie Mae DUS execution is a great program for developers looking to refinance their construction loans.” DUS refers to delegated underwriting and servicing.

Frame earns SIOR honors

Frame

Kidder Mathews has announced that its Drew Frame has received SIOR designation from the Society of Industrial and Office Realtors. He's been with Kidder for seven years, and said in a statement, “It's a privilege to join SIOR, and connect with a network of professionals who set the standard for excellence in our industry. I'm looking forward to contributing and learning from my peers as we work to elevate the field.”

TMR Investments

Soelling

Formerly with Newmark, Brendan Soelling recently joined TMR Investments, that firm announced last week. He'll become director of acquisitions, as that multifamily investor continues to grow on the West Coast. (It's based here in Seattle.) TMR founder Joe Manca said in a statement, “Today's multifamily real estate market is quite dynamic, and we believe now is the time to invest in a leader to focus on our acquisition pipeline and business development. Brendan's proven industry success, keen eye for evaluating opportunities, and passion for relationship-building make him the ideal person for this role.” TMR now has about 3,700 units in five states, which it values at over $850 million.

Redmond units receive fresh $30 million

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JLL announced recently that it secured a new $30 million loan to refinance the 148-unit Allez in downtown Redmond. PGIM Real Estate supplied the 10-year, fixed-rate loan to Pine Forest Properties, which developed the building a decade ago. JLL's Seth Heikkila and Steve Petrie led the effort. JLL notes that Allez, immediately east of the Sammamish River Trail, is poised to benefit from the opening of nearby Downtown Redmond Station, where light-rail service should begin next year.

Kidder Mathews

Shipley

Kidder Mathews announced earlier this month that industry veteran Robert Shipley has joined the firm. He was previously running his own shop, Brightstreet Development. To be based in the Bellevue office, he'll focus on business development, client relations, risk management and leading property teams. Kidder's Erin French said in a statement, “Robert's extensive background in property management and development make him an excellent addition to our team. I look forward to working with him, as we continue to expand our footprint.”

Vouched

Vouched, a provider of AI-powered identity verification for healthcare, banking and financial services, named Neal Oman as chief technology officer and Patrick Williams as senior director of marketing. Oman joins Vouched with a technical background building and delivering artificial intelligence and machine learning applications, and has over 25 years of experience in public and private technology companies. Prior to Vouched, he served as the CTO and head of engineering at Plunk, as a senior technical advisor for AI and analytics at the Pacific Northwest National Laboratory, and VP of research in applied ML and computer vision at HERE Technologies. As CTO, Oman will be responsible for formulating a technology strategy that aligns with the company's business objectives and market needs. He will oversee product development and delivery, designing software architectures that meet the needs of Vouched's B2B clients. He will also lead the company's efforts to recruit, mentor and retain skilled engineers and developers. Williams brings more than 30 years of experience in digital marketing, data-driven strategies and campaign optimization. In his new role, he will be responsible for leading the strategy, execution and optimization of all marketing initiatives to increase awareness and generate pipeline growth for Vouched. Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures and SeaChange Ventures.

Amperity

Amperity, an AI-powered Lakehouse customer data platform, appointed Tony Alika Owens as its new chief executive officer and board member. Owens brings over 20 years of experience in executive roles at Salesforce and Oracle, where he scaled enterprise operations and global sales. Prior to Amperity, he was the president of worldwide field operations at LivePerson, overseeing the company's go-to-market strategy and teams. Before LivePerson, he had progressive responsibilities running Salesforce's field operations in the Americas and was a member of the executive committee. Owens also previously served as group vice president at Oracle. Owens serves on the board of directors for The Mandatum Foundation, SnapLogic, Pathlight, and CIPIO.ai. Using patented AI and ML methods, Amperity stitches together all customer interactions to build a unified view that connects to marketing and technology tools. Amperity, a global company, has offices in Seattle, New York City, London and Melbourne.

Nov 13, 2024

AHBL

Kelly

Patrick Kelly, an experienced planner with over 26 years' experience, has joined AHBL's Planning Team as a senior project manager.

Kelly has a background in urban planning for both public and private sectors. Prior to joining AHBL, he served as the supervising planner for the city of San Jose, CA. While there, he oversaw the development review process for projects in a variety of market sectors including mid- and high-rise residential, commercial office, hospitality projects, and land development projects requiring land use permits and entitlements. He has also provided on-call planning services for counties and municipalities on a contract basis.

Kelly will be based out of AHBL Corporate Headquarters in Tacoma but will work throughout the greater Puget Sound region.

Barghausen Consulting Engineers

White

Hinkle

Herseth

Simpson

Marshall

Nazarchuck

Skoda

Barghausen Consulting Engineers, Inc. has recently hired five new employees, promoted two employees, and had one employee pass the P.E. Exam at the firm's Kent location.

Caleb Lind started as a survey chainperson at the end of September. He attended Northern Arizona University where he studied Construction Services. He previously worked as a concrete pump operator, lawncare specialist, and maintenance worker.

Ezra Marshall started as a senior CADD technician at the end of September. He graduated from the ITT Technical Institute in Seattle with an Associate of Applied Sciences Degree. Marshall previously worked as a BIM technician at Coughlin Porter Lundeen, Inc.

Jada Simpson started as an administrative assistant in October. She graduated from the University of Washington in June with a B.A. in Business Administration – Marketing. She previously worked as an executive administrator/marketing specialist at Systems Consulting, LLC.

Michael Herseth started as a senior civil project manager in October. He graduated from Washington State University with a B.S. in Civil Engineering. He previously worked as a civil engineering manager at Ware Malcomb.

Sarah Hinkle started as an administrative assistant in October. She graduated with a Master of Science from Concordia University. She previously worked as the head coach for Acrobatics and Tumbling at Concordia University.

Alex White has been promoted to senior civil project manager. Since joining Barghausen in July 2019, White has developed into a key team member, improving his technical skills and excelling in project management, client relations, and contract handling.

Trent Skoda has also been promoted to senior civil project manager. Since joining Barghausen in January 2016, Skoda has played a key role in the growth and success of the residential team. He has shown leadership and expertise in managing complex projects, while mentoring younger engineers and interns and has built strong client relationships through extensive coordination and navigation through jurisdictions and contractors.

Nazariy Nazarchuk recently passed the Principles and Practice of Engineering (P.E.) Exam. Once he has four years of relevant experience, he will become a Licensed P.E.

PLS Engineering

Rangel

PLS Engineering has welcomed a civil engineer to its expanding team in Vancouver. Fernando Rangel comes to PLS with a Bachelor of Science in Civil Engineering from Portland State University, with focused studies in structural design. His interest in structural analysis and design deepened during his time as an intern. Rangel brings firsthand design-build experience from his years working in construction.

Lamb Weston

Eagle, Idaho-based Lamb Weston, a global supplier of potato products, recently opened its new production facility in Kruiningen, The Netherlands. This investment increases Lamb Weston's annual production capacity by 195 million kilos and is intended to support the growing global demand for high-quality frozen potato products. With this expansion, the Kruiningen site employs approximately 650 people, including the 120 new hires dedicated to this new plant. Lamb Weston committed to this expansion more than five years ago as part of the company's vision for long-term, sustainable growth. With the completion of Lamb Weston's second facility for frozen potato products in Kruiningen, this site has significantly expanded its production capabilities, while integrating sustainable technologies to advance potato processing and product packaging. The new production plant is designed to ensure efficient use of raw materials, while also optimizing water and heat reuse to reduce emissions. Process water from the plant undergoes purification for reuse, minimizing the environmental impact.

Sound Growth Partners

Sound Growth Partners (SGP) has acquired LPi Digital. SGP, along with its co-investors Everside Capital Partners and Caumsett Capital, provided all the capital required to complete the transaction via SGP's One-Stop Buyout structure. Headquartered in Milwaukee, Wisconsin, LPi is provides advertising-supported, print and digital bulletins and newsletters to faith-based, community, and membership organizations across the United States. Founded in 2023, SGP is a Seattle-based private equity firm investing in clear market leaders within the lower middle market. SGP provides all the capital necessary to close a transaction. The firm invests in companies with $2 million to $10 million of EBITDA in niches within the consumer products, business services, distribution and light manufacturing industries.