Jul 29, 2021
Ryan Cos. announced the recent hiring of Gil Gonzalez. He makes the move from Greystar's Southern California office. Gonzalez brings over 20 years of experience to Ryan's multifamily team. The company's Rick Collins said in a statement, “Gil's extensive experience in multifamily will be an asset as we navigate the nuances of this sector.” He'll also continue to work in the Arizona and California markets.
Columbia Pacific Advisors announced the recent provision of a $38.1 million loan for the completion of a multifamily project under construction in Santa Rosa Beach, Florida. (That's in the state's panhandle, near Tallahassee.) Completion is expected this summer, with 14% of the 122 units now pre-leased. Columbia Pacific said the funding amounted to about 30% of the total construction cost. Its Will Nelson said, “The development's ideal location and high-end offerings will welcome permanent residents and their vacation subletters alike.” He also said the city expects 6 million visitors each year. The borrower wasn't named. When completed, the five-building mixed-use complex will also include about 11,000 square feet of retail.
There were two recent promotions at Evergreen Home Loans, the company announced. Don Zender and Todd Miles are now both executive vice presidents in the Bellevue office of the direct home lender. Zender said in a statement, “For over three decades, I've witnessed amazing growth and innovation at Evergreen. We're well positioned to leverage our digital expertise and enhanced services to help our loan officers, real estate professionals, and customers.” Evergreen operates in six states along the West Coast and inland.
Jul 22, 2021
Kidder Mathews says it'll manage SoDo Urbanworks, which traded into new hands this spring. Nicola Wealth of Vancouver, B.C., bought the complex for over $53 million. KM's Mike Grainger said in a statement, “The site has performed well through the COVID crisis. Our tenants are reporting strong activity, and they're excited for the future of the center.” The building has gradually shifted away from its industrial roots. It's now home to 10 different winery tasting rooms, a seltzery, restaurant and a few warehouse tenants. Prior owner the Wright family had previously renovated and adapted the raw space to wine and food uses. KM's Grainger and Drew Hicks now manage the property
Kidder Mathews announced a pair of recent promotions: one in California, the other here. The latter elevated Erin French to COO of asset services. She's been at KM for over two decades, and said in a statement, “Firms with lasting success like this have a growth mindset and a creative edge, and I know the company will continue to be successful into the next century.” She'll work with Paul Klink, who's based in Southern California, and was promoted to president of asset and client services.
Ryan Cos. announced the recent promotion of its Peter Ottele to director of preconstruction. The company says his responsibilities include directing the design, estimating and preconstruction phases of projects; overseeing interactions between owners and architects; and reviewing decisions about constructability and scheduling.
The 146-unit Green River Village, a 1970s apartment complex in Auburn, traded two years ago for just under $21 million. Institutional Property Advisors brokered that deal, and now IPA Capital Markets has announced a $24 million refinancing package. Ray Allen and Seth Heikkila secured a new bank loan to retire the prior $18 million loan that it had also sourced. IPA is part of Marcus & Millichap. New owner Heaton Dainard is renovating the property, which had previously been under the old ownership for several decades.
National law firm Seyfarth had added a new partner in its real estate department and leasing practice group. It announced the recent hiring of Ian Taylor, who makes the move from Pacifica Law Group. Seyfarth's Paul Mattingly leads the real estate group, and said in a statement, “Ian is a skilled real estate lawyer with incredible transactional experience. With the extraordinary growth of our national portfolio leasing practice and other leasing demands, Ian is an important addition to our team.” Seyfarth opened its Seattle office last year; it now has 17 attorneys and 11 partners.
Veteran retail broker Robert Coron has moved to Kidder Mathews, the company announced. He makes the move from Seneca Real Estate Advisors. KM's Brian Hatcher said in a statement, “Robert has a long career as a high performer. His business acumen and genuine ability to create connections will help him bring that same level of performance to our retail team.” Coron has done past deals with CarMax, Hobby Lobby and Grocery Outlet. He said in a statement, “I'm looking forward to bringing my skill set to the Kidder team, and playing a role in growing Kidder's retail presence throughout the Western U.S.”