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Jun 18, 2020
Unico Solar Investors has been around since 2015. That division of the local real estate and investment firm Unico Investment Group, also based here, recently announced a joint venture with Excelsior Energy Capital of Minnesota to add solar panels on commercial properties. Unico's Brett Phillips said in a statement, “Unico Solar is driven to rapidly expand access to renewable energy for commercial and industrial power consumers.” Deployment of rooftop solar panels is expected to begin in the third quarter on buildings in Washington, Oregon, California and beyond. The clean energy will then be sold to various market sectors, including municipalities. One recent example is Unico's Harlequin Plaza near Denver, which provides 22% of the energy for two buildings, and will offset 9,655 metric tons of carbon dioxide over 20 years. During that same period, it'll generate about $1 million in net income. Unico Solar also leases rooftops and land outside its portfolio.
National firm Skanska USA announced that its Mindy Uber, based in Seattle, is now regional senior director environmental health and safety for its building arm. Skanska's Brad McFarlane said in a statement, “Her skill, work ethic, tenure and certifications make her the perfect fit for this critical safety role. We're confident she will aid in our effort for more consistent and continuous knowledge sharing, and towards injury-free job sites.” Those sites are in her portfolio of Oregon, California and Arizona and Washington state. In the Puget Sound area, Skanska's next big project is the planned 25-story, 550,000-square-foot office tower on the Washington Square block in downtown Bellevue. The company has said it might break ground later this year, depending on pre-leasing.
Last month, Pine Forest Properties paid $4.5 million for an entitled development site at 405 Riverside Road in Everett's Latitude Business Park. Now it's announced plans to develop Building B at the park, where it already owns Building A. The new building, on almost 5 acres, could have up to 100,000 square feet, with 30-foot clear heights. Broderick Group's Steve Henderson, Al Hodge and Rawley Holmberg are leasing the space, which could be a build-to-suit project. “We're bullish on the continued growth of the North End industrial market, and we're ready to move forward with development,” said Matt Wickens of Pine Forest. That company, based in Bellevue, is the investment and development arm of the Burnstead family. Last year it paid $22 million for Building A (pictured), which is leased to Safran Aerospace (formerly Northwest Aerospace Technologies/Zodiac Aerospace). No architect or general contractor are specified.
Jun 11, 2020
Dermody Properties announced that it has hired Karsen Keever as senior VP of development. He makes the move from Jon Graves Architects and Planners. Logistics specialist Dermody is based in Reno and has a Seattle office. Among its current projects is the planned 452,000-square-feet Mountain View complex on 67 vacant acres now owned by Cadman Materials in Everett, north of Paine Field.
Local firm Columbia Pacific Advisors has stepped in with a $22 million bridge loan for a 42-unit San Francisco project now under construction by related companies Greenseed Folsom and Transworld Construction. The building, designed by David Baker Architects, is expected to open in September. Columbia Pacific's Will Nelson said in statement, “Despite the impacts of COVID-19, we believe in 1178 Folsom Street and the more affordable nature of its product, which provides quality apartments and amenities to residents in the popular SoMa neighbourhood.”