SAN FRANCISCO—Broe Real Estate Group, a leading investment manager of commercial real estate assets affiliated with the Broe Group, has revealed that Jeff Sullivan has joined the firm as a VP, and will head the company's San Francisco office. He will be responsible for the acquisition and operation of multifamily assets throughout the Western US. Sullivan is also a member of the Management Committee of BREG.

SAN MATRO, CA—Zillow Group recently revealed that HomeSmart, a large real estate company headquartered in Scottsdale, AZ, has expanded its partnership with Zillow Group. HomeSmart has 11,000 agents through 17 states and 92 offices. Through the expanded agreement, HomeSmart's listings on Zillow and Trulia have guaranteed listing agent exposure while delivering enhanced brokerage branding with prominent display of their brokerage logo, a company description, and an embedded video on every HomeSmart listing page across Zillow and Trulia. Additionally, the new partnership leverages Zillow Tech Connect: Reviews, which makes HomeSmart's agent reviews that have been collected on Zillow and Trulia available for display directly on their own brokerage and agent websites.

SEATTLE—OfficeFinder recently revealed the addition of their online 360° interactive panoramic office space virtual tours program. With 30 virtual tours of executive suites and cowork spaces in the Seattle and Bellevue metropolitan markets, OfficeFinder is said to be the first to implement this visual way of finding office space. The tours include Regus, WeWork, Premier as well as other local operators. The crystal clear high definition 360° x 180° spherical panoramic online tours create a viewing experience that is as close as possible to the actual experience of being at the place where the tour was shot. It will provide seekers of office space a new way of touring office space without having to be physically there. Properties have a virtual open-house 24/7 without the need for to arrange appointments. They can be visited day or night. It allows for more confidence to make decisions on the best options and saves time traveling from one location to another looking at properties that are not suitable.

DEAL TRACKER

FAIRVIEW, OR—In the third largest lease of its kind so far this year in the Portland metro area, West Chester, PA-based global engineering and logistics firm CTDI has committed to 210,000 square feet at 22638 NE Townsend Way in Fairview, OR. Tyler Sheils, Kevin Kriesien and Michael Hale of JLL represented the landlord in the transaction. David Mackey and John Morrissey, SIOR, of Philadelphia-based Jackson Cross Partners, represented CTDI. The space had been available for seven months.

PORTLAND—Marking its first acquisition in Oregon, Gelt Inc., a Los Angeles-based real estate investment and asset management firm, has acquired Powell Valley Apartment Homes for $39.5 million. The 228-unit apartment community is located at 1500 SW Pleasant View Drive in Gresham, a suburb of Portland. The seller was Jackson Square Properties. “Powell Valley Apartment Homes is an ideal asset to add to our expanding portfolio,” says Keith Wasserman, partner with Gelt. “We liked that this well-maintained garden-style asset is in Gresham, a strategically located Portland submarket with minimal multifamily product being developed over the past several years, and a very limited pipeline of future development. Subsequently, Gresham is experiencing some of the best rental apartment metrics in the nation as occupancy is hovering close to 100%.”

PORTLAND—HFO Investment Real Estate has sold of the Cameron, located at SW 12th and Clay in downtown Portland. Completed in February 2016 by Bremik Construction for Cameron Associates LLC and MACTRUST LLC, The Cameron is a brand new eight-story asset located one block from the Portland Streetcar line and three blocks from Portland State University. It offers a mix of studios, one- and two-bedroom units. HFO partners Cody Hagerman, Tyler Johnson, Rob Marton and Greg Frick represented seller Cameron Associates LLC in marketing the property nationally. Due to its downtown core location and its new construction, The Cameron garnered immediate interest from investors throughout the US—especially in California and New York. The property ultimately sold to Grand Peaks Properties of Colorado, which combines innovative development expertise with creative real estate financing and property management.

BUILDING BLOCKS

SACRAMENTO—Perkins+Will has completed of NorthEdge, a 208,000-square-foot hi-tech office space in Wallingford designed by the firm's Seattle office. “The inspiration for NorthEdge came from the adjacent Gasworks Park,” says Kay Kornovich, principal and managing director of the Seattle office of Perkins+Will. “As former home to the city's municipal gas works, the park today contains much of its original 1900s machinery. The rustic and modern materials selected for NorthEdge harmonizes with materials found at the park to celebrate the area's industrial past.”

This week in the North West region, we are seeing a lot of deal news out of Portland. HFO Investment Real Estate has sold of the Cameron, located at SW 12th and Clay in downtown Portland, West Chester, PA-based global engineering and logistics firm CTDI has committed to 210,000 square feet at 22638 NE Townsend Way in Fairview, OR, and marking its first acquisition in Oregon, Gelt Inc., a Los Angeles-based real estate investment and asset management firm, has acquired Powell Valley Apartment Homes for $39.5 million. Check out all the other news you might have missed below.—Natalie Dolce

NEWS & NOTABLES

BOISE, ID—National Asset Services has been named as management consultant for BODO, an urban lifestyle shopping, dining and entertainment attraction, located in the downtown city center of Boise. BODO, which opened in 2007, is located on Broad St. between Capitol Blvd. and 9th St. The 130,000-square-foot development features an Edward's, nine-screen, stadium-style-theater complex, P.F. Chang's China Bistro, Office Depot, Urban Outfitters, White House Black Market, Ann Taylor LOFT, Jos. A. Bank, Five Guys Burgers and Fries, Meraki Greek Street Food, Idaho Trust Bank and other regional and local shopping and dining destinations.

SAN FRANCISCO—Broe Real Estate Group, a leading investment manager of commercial real estate assets affiliated with the Broe Group, has revealed that Jeff Sullivan has joined the firm as a VP, and will head the company's San Francisco office. He will be responsible for the acquisition and operation of multifamily assets throughout the Western US. Sullivan is also a member of the Management Committee of BREG.

SAN MATRO, CA—Zillow Group recently revealed that HomeSmart, a large real estate company headquartered in Scottsdale, AZ, has expanded its partnership with Zillow Group. HomeSmart has 11,000 agents through 17 states and 92 offices. Through the expanded agreement, HomeSmart's listings on Zillow and Trulia have guaranteed listing agent exposure while delivering enhanced brokerage branding with prominent display of their brokerage logo, a company description, and an embedded video on every HomeSmart listing page across Zillow and Trulia. Additionally, the new partnership leverages Zillow Tech Connect: Reviews, which makes HomeSmart's agent reviews that have been collected on Zillow and Trulia available for display directly on their own brokerage and agent websites.

SEATTLE—OfficeFinder recently revealed the addition of their online 360° interactive panoramic office space virtual tours program. With 30 virtual tours of executive suites and cowork spaces in the Seattle and Bellevue metropolitan markets, OfficeFinder is said to be the first to implement this visual way of finding office space. The tours include Regus, WeWork, Premier as well as other local operators. The crystal clear high definition 360° x 180° spherical panoramic online tours create a viewing experience that is as close as possible to the actual experience of being at the place where the tour was shot. It will provide seekers of office space a new way of touring office space without having to be physically there. Properties have a virtual open-house 24/7 without the need for to arrange appointments. They can be visited day or night. It allows for more confidence to make decisions on the best options and saves time traveling from one location to another looking at properties that are not suitable.

DEAL TRACKER

FAIRVIEW, OR—In the third largest lease of its kind so far this year in the Portland metro area, West Chester, PA-based global engineering and logistics firm CTDI has committed to 210,000 square feet at 22638 NE Townsend Way in Fairview, OR. Tyler Sheils, Kevin Kriesien and Michael Hale of JLL represented the landlord in the transaction. David Mackey and John Morrissey, SIOR, of Philadelphia-based Jackson Cross Partners, represented CTDI. The space had been available for seven months.

PORTLAND—Marking its first acquisition in Oregon, Gelt Inc., a Los Angeles-based real estate investment and asset management firm, has acquired Powell Valley Apartment Homes for $39.5 million. The 228-unit apartment community is located at 1500 SW Pleasant View Drive in Gresham, a suburb of Portland. The seller was Jackson Square Properties. “Powell Valley Apartment Homes is an ideal asset to add to our expanding portfolio,” says Keith Wasserman, partner with Gelt. “We liked that this well-maintained garden-style asset is in Gresham, a strategically located Portland submarket with minimal multifamily product being developed over the past several years, and a very limited pipeline of future development. Subsequently, Gresham is experiencing some of the best rental apartment metrics in the nation as occupancy is hovering close to 100%.”

PORTLAND—HFO Investment Real Estate has sold of the Cameron, located at SW 12th and Clay in downtown Portland. Completed in February 2016 by Bremik Construction for Cameron Associates LLC and MACTRUST LLC, The Cameron is a brand new eight-story asset located one block from the Portland Streetcar line and three blocks from Portland State University. It offers a mix of studios, one- and two-bedroom units. HFO partners Cody Hagerman, Tyler Johnson, Rob Marton and Greg Frick represented seller Cameron Associates LLC in marketing the property nationally. Due to its downtown core location and its new construction, The Cameron garnered immediate interest from investors throughout the US—especially in California and New York. The property ultimately sold to Grand Peaks Properties of Colorado, which combines innovative development expertise with creative real estate financing and property management.

BUILDING BLOCKS

SACRAMENTO—Perkins+Will has completed of NorthEdge, a 208,000-square-foot hi-tech office space in Wallingford designed by the firm's Seattle office. “The inspiration for NorthEdge came from the adjacent Gasworks Park,” says Kay Kornovich, principal and managing director of the Seattle office of Perkins+Will. “As former home to the city's municipal gas works, the park today contains much of its original 1900s machinery. The rustic and modern materials selected for NorthEdge harmonizes with materials found at the park to celebrate the area's industrial past.”