May 14, 2020

Trent adds partners to Seattle Curtain project

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As the DJC first reported last month, an LLC led by Trent Development paid about $20 million for the old Seattle Curtain Co. building at 104 12th Ave. A new seven-story, 274-unit building is planned, designed by Clark Barnes. Now NorthMarq has announced that its Jake Leibsohn and Ron Peterson have arranged $45 million in joint venture equity for the project from Bridge Investment Group. Bridge, of Salt Lake City, joins with Hatteras Sky of Atlanta on the unnamed project. Local firm Trent is led by Trent Mummery and Patrick Ashman. W.G. Clark Construction will build the project. Mummery previously said they hoped to break ground this summer or fall. Blanton Turner will be the property manager when the building opens in two-plus years.

LPC West bolsters team

Rawi

Lincoln Property Co. announced an addition to its West Coast arm, aka LPC West. As senior VP, Omar Rawi will lead its mixed-use development efforts. He makes the move from Greystar. LPC West values its portfolio at $3 billion. Its biggest local project is the 53-story, 568-unit apartment tower planned at 800 Stewart St. It's also developing the future office building on top of U District Station for owner and future tenant the University of Washington.

Reynolds moves to Compass

Reynolds

Compass announced that veteran broker Jeff Reynolds has moved over to its side of the aisle. He makes the move from Windermere Real Estate. He'll be based in Compass' Capitol Hill office. Separately, he'll continue to run his influential blog UrbanCondoSpaces.com.

May 07, 2020

Mercey Housing has new head

Thompson

Effective June 29, Joseph Thompson will become president of Mercy Housing Northwest, the nonprofit announced. He makes the move from The Peoples' Self-Help Housing/The Duncan Group, in California. He'll succeed Bill Rumpf, who's retiring after a decade in that post. Thompson was previously at Mercy from 2004-2014. Mercy now has 54 communities with over 5,600 residents in Washington and Idaho.

KM adds to retail investment team

Simpson-Verger

Kidder Mathews announced the recent addition of Kevin Simpson-Verger, who will focus on retail investment sales. He makes the move from Keller Williams. He's been in the industry for a half-dozen years, and will join KM as a vice president.