Mar 25, 2021

Commercial Brokers Association

Mathews

Kidder Mathews announced that its president and COO, Brian Hatcher, has been appointed as chair of the board of directors for the Commercial Brokers Association. He's been on the board for four years, and has been with KM for over two decades.

Cushman & Wakefield

Burmeister

Shultz

Cushman & Wakefield announced the recent hiring of veteran brokers Andrew Shultz and Brandon Burmeister. Both had been with the firm earlier in their careers, and both were most recently with Colliers. C&W's Alison Beddard said in a statement, “We are excited to welcome Andrew and Brandon to Cushman & Wakefield. They are proactive, hands-on professionals who take pride in tackling new challenges while always putting clients at the forefront.” Their focus will be on agency leasing and property sales.

ACG names new acquisitions manager

American Capital Group of Bellevue has a new acquisitions manager in John Lo, who makes the move from CBRE. ACG's BJ Kuula said in a statement, “John is a seasoned industry veteran with deep experience leading teams to achieve new levels of success, and we expect the same at ACG.” Lo has over 27 years of experience, including prior stints at JLL and Eastdil Secured. He said, “I have watched for years as ACG has continued to improve communities across the West with their real estate investments. I am excited to join the ACG team, and look forward to growing the portfolio nationally.” Family-run ACG says it now has over 80 multifamily properties with more than 16,000 units in 10 states. It recently partnered with Artemis Real Estate Partners, of Los Angeles, to buy three projects that Katerra is building in Kirkland and Oregon. That deal was worth almost $94 million.

JLL

Stewart

JLL recently honored managing director Lisa Stewart with one of its “Champions of Excellence” awards. The company says that, since it acquired her old firm Urbis Partners in 2017, she's helped lease over 7 million square feet. Recent deals have included Apple at Kilroy Realty's 333 Dexter. She's also part of the team leasing the 801 Third Ave. tower, aka The Net, for Urban Visions.

Keller Williams

Rickman

Keller Williams Greater Seattle said last week that Heather Rickman has joined the residential brokerage; her affiliated company is Rickman Real Estate. KWGS's Angie Mykel said in a statement, “At Keller Williams we believe in success through others and having a high-caliber broker like Heather on our team is a huge win for us.” Rickman closed $13.8 million in deals last year; some of those are also as a wholesaler of “flip” properties. KWGS says it now has about 191 associated brokers, who last year closed about 400 sales worth about $827 million.

Kidder Mathews

Norris

Kidder Mathews announced the recent hiring of Andrew Norris. He'll be a VP who specializes in manufactured housing communities and RV parks. He makes the move from Marcus & Millichap. During his time there, he did over $130 million in deals.

Mar 18, 2021

IRG to preserve more of former Weyerhaeuser HQ

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Since paying about $70 million five years ago for the former Weyerhaeuser campus in Federal Way, Industrial Realty Group has run into challenges in repurposing the wooded, 400-acre campus. Local conservation groups have objected to new industrial buildings alongside the famous 1971 “sidescraper” office building, with its 337,000 square feet. (Colliers is brokering the space.) For what's dubbed Woodbridge Corporate Park, IRG recently announced some environmental compromises including a view-conservation easement, to keep the building visible from the freeway; preservation easements for the building facade; and preservation of a forested buffer so that potential new buildings would be hidden. IRG's Dana Ostenson said in a statement, “The revenue generated from the development of the property pays for the preservation of the campus. We are recreating at Woodbridge the critical jobs and tax base lost after an exit by a large company.” IRG anticipates that the campus, once filled and redeveloped, could generate over 3,000 new jobs and contribute $6.8 million in annual tax revenue to the city of Federal Way. New logistics and warehouse space is particularly valuable in that area.

Tarragon Property Services

Hoffman

Karli Hoffman has joined Tarragon Property Services as director of residential property management, the firm announced. She makes the move from Blanton Turner. TPS's Tina Pappas said in a statement, “Karli brings a wealth of knowledge to our growing property management team. She will lead the effort to ensure our TPS residential portfolio continues to operate at exceptional levels.” Said Hoffman, “I am thrilled to join the incredible team at TPS.”

JetClosing

Collins

Local title and escrow startup JetClosing announced that it has secured $11 million in Series B financing. The fresh cash came from sources including PSL Ventures, Trilogy Equity Partners and funds advised by T. Rowe Price Associates. At the same time, the five-year-old digital platform named Anna Collins as president and CEO, replacing founder Dan Greenshields. PSL's Geoff Entress said in a statement, “Anna brings a deep understanding of customers, how to scale teams and deliver innovative technology products to the market, which is critical as JetClosing continues to be an industry disruptor.” (PSL is part of Pioneer Square Labs, where JetClosing originated.) Collins brings prior executive experience from Amazon, Microsoft and various startups. She added, “JetClosing is changing the way customers have experienced titleand escrow for the past 150 years. We are on a mission I believe in — to make eClosings the norm for everyone from anywhere, any time.” In the first half of last year, the firm said, its eMortgage volume hit $38.8 billion, as compared to the full-year volume in 2018 of $2.7 billion. JetClosing is now licensed in seven states, and is affiliated with over 2,000 real estate agents.

WEDA announces award winners

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South Landing in Spokane

Earlier this month, the Washington Economic Development Association announced its annual economic development awards from a virtual event hosted from Olympia. The emerging professional award went to Tamsin Bell, of the Economic Development Alliance of Skagit County. The Washington Small Business Development Center was named advocate of the year. Project of the year honors went to the city of Olympia's Crown Beverage Packaging effort to retain that business. For recruitment efforts, the city of Arlington was honored for its success in attracting Eviation to Snohomish County. And over in Spokane, the 5-acre South Landing project was honored for innovation in economic development. That's where Katerra and McKinstry built the mass timber Catalyst building, among other projects.

MLS names new leadership

Following its most recent election, the Northwest Multiple Listing Service has shuffled its executive leadership deck. Randy Fischer of Coldwell Banker Koetje Real Estate (in Oak Harbor) is the new board chair. The new vice chairman is Stuart Heath, of Bellmark Real Estate and Elliott Bay Asset Solutions, both on the Eastside. The new treasurer is Chris Millsap, of RE/MAX Advantage – Lake Chelan. And the new board secretary is Jeff Pust, Van Dorm Realty in Olympia. Reelected to the board were Keith C. Bruce, Mike Larson and David Maider.