Apr 09, 2020

Burrard says Nexus selling nicely

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During the last 45 days (as of last week), Burrard Group says it's closed sales for 180 of the 389 pre-sold condominiums at its Nexus tower, at 1808 Minor Ave. in the Denny Triangle. The rest are expected to close by the of next month. Broker Erik Mehr said in a statement, “Despite everything going on in the world right now, the Nexus sales team is feeling optimistic about sales. We're seeing that select real estate properties like Nexus are staying fairly resilient, and that's welcome good news, not only for this project, but for the Seattle real estate market in general.” A few condos remain unsold. Because of the coronavirus pandemic, tours are available by appointment only.

KM raids Colliers talent pool

Hutchins

Pelluer

Kidder Mathews announced that brokers Steve Pelluer and Kim Hutchins have joined its Bellevue office. They jumped ship from Colliers. The two will join KM's religious and educational facilities group, a sector where many empty churches have been selling of late. Pelluer's name is familiar to those outside the industry, since he played football for the University of Washington and Dallas Cowboys. The two-man team has a past client roster including Salvation Army, Habitat for Humanity, and Downtown Cornerstone Church.

KM brokers receive industry honors

Anderson

Rosauer

Lugar

Miltenberger

Wood

Krueger

Connect Media has honored several regional brokers among its 2020 Top Broker Awards. Among industrial brokers, Kidder Mathews' team of Matt Wood, Tony Miltenberger and Evan Lugar was so honored. Their 2019 deal volume was 81 transactions worth $195 million. On the investment sales side, KM's Jason Rosauer, Rob Anderson and Kristyn Krueger were also thus anointed. Last year they did $633 million in deals.

Moran has local ties in big Bay Area deal

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Back in December, on behalf of two married investors in California, Moran & Co. sold two older Kent apartment complexes with 361 units for $79 million. Moran's Jeff Williams, Tim Brown, Amy Laramore and Matt Ricci also secured the buyers of both properties (the Royal Firs and Lake Meridian apartments), which were Phoenix Realty Group of New York and partner Hanover Real Estate Investors, of the Bay Area. The sale was a 1031 exchange, and Moran recently helped the California couple find a new property to purchase: the new 130-unit Baxter on Broadway apartments, which are in Oakland. Williams and Brown, with Brett Betzler in Moran's San Francisco office, brokered that $81 million deal. It closed at the end of March, and was worth about $623,000 per unit.