SAN FRANCISCO—Allen Matkins, a California-based full service real estate and business law firm, recently revealed that chief marketing and client services officer Adam L. Stock, received the Legal Marketing Association—Bay Area Chapter's Rella Lossy Professional Services Award. The award recognizes professionalism and outstanding contributions to the practice of law firm marketing and business development, and is given to an attorney and a marketing professional each year.

SAN FRANCISCO—Tim Seiler has been named partner at John Cumbelich & Associates. He joined the firm in 2009 and was named its first partner in 2016. His primary retailer clients include Smart & Final Extra, El Pollo Loco, Dunkin' Donuts, Fremont Bank, and The San Francisco Giants. Additionally, Seiler represents UBS on leasing for Downtown Pleasant Hill and Lewis Retail Centers for Sycamore Crossing in Hercules. Over the course of his career, Seiler has been directly involved in more than $1 billion in commercial real estate transactions, including investment and development projects and hundreds of leases. Prior to joining the firm, Seiler had a 20-plus year career in the shopping center industry, including 10 years as a corporate Real Estate Director specializing in new store development for leading retailers including Kroger and Blockbuster and several years as Vice President, Land Acquisition for a national hotel chain. He also has extensive experience with both public and private shopping center investors and developers in the fields of development, leasing, acquisition and due diligence.

SAN FRANCISCO—Newmark Cornish & Carey recently revealed that consummate real estate professional Charlie Withers has joined the firm as executive managing director. The 13-year veteran specializes in both project leasing and tenant representation and has represented clients in more than four million square feet of lease transactions and $800 million in aggregate sale transactions. Notably, Withers is among San Francisco's top advisors for building owners executing full-scale creative renovations. Recently completed projects include 140 New Montgomery, 55 Hawthorne, 115 Sansome, 20 California Street, The Warfield, and 116 New Montgomery.

DEAL TRACKER

SEATTLE—Boeing Employee Credit Union has purchased eight buildings next to their corporate headquarters at Gateway Corporate Center. Kidder Mathews commercial real estate brokers, Bill Frame and Richard Davidson, represented BECU in the transaction. The seller, a global investment manager, was represented by Andy Miller and Matt Wood, also with Kidder Mathews. Gateway Corporate Center is an 11-building, class A office and industrial park, which was developed in 1986. It is located at the junction between State Route 599 and Interstate-5. BECU previously owned two buildings at Gateway Corporate Center, where they built their headquarters in 1990. With the purchase of eight additional buildings, totaling 376,432 square feet, at 12830-12886 Interurban Avenue S in Tukwila, Washington, the credit union has increased their holdings in the office park to 589,000 square feet, thus allowing for greater flexibility to grow.

PORTLAND—American Realty Advisors, along with its joint-venture partner, Unico Properties LLC, a real estate investment and operating company, has acquired Congress Center, a 23-story high-rise office tower in Portland. The property is strategically located along the primary mass-transit corridor in the heart of Portland's central business district. “The location and the bones of the building make this an attractive value-add investment opportunity in a key urban market,” says Drew Hess, senior director of the investment group, at American Realty Advisors. “It presents an opportunity to make strategic leasing and capital investment in building improvements to elevate the asset's competitive position and raise occupancy to generate strong long-term cash flow.” ARA expects strong leasing interest based on Portland's strength as a knowledge market.

This week in the North West region, lots is happening in the Seattle area. Boeing Employee Credit Union, for example, has purchased eight buildings next to their corporate headquarters at Gateway Corporate Center and in the downtown Seattle market, approximately 4 million square feet is under construction. Check out all the news you might have missed below.—Natalie Dolce

BY THE NUMBERS

SEATTLE—According to a recent report from CBRE, the region's industrial market is under supplied and new demand from internet-fulfillment, third-party logistics and consumer goods pushed down vacancy to 4.1%. For office, employment growth, especially from technology firms, continues to drive demand for office space in the Puget Sound region. In the Downtown Seattle market, 4 million square feet is under construction and is well over 50% preleased. On the Eastside, the market is hovering at 10% vacant and tenant interest is strong.

NEWS & NOTABLES

SAN FRANCISCO—Allen Matkins, a California-based full service real estate and business law firm, recently revealed that chief marketing and client services officer Adam L. Stock, received the Legal Marketing Association—Bay Area Chapter's Rella Lossy Professional Services Award. The award recognizes professionalism and outstanding contributions to the practice of law firm marketing and business development, and is given to an attorney and a marketing professional each year.

SAN FRANCISCO—Tim Seiler has been named partner at John Cumbelich & Associates. He joined the firm in 2009 and was named its first partner in 2016. His primary retailer clients include Smart & Final Extra, El Pollo Loco, Dunkin' Donuts, Fremont Bank, and The San Francisco Giants. Additionally, Seiler represents UBS on leasing for Downtown Pleasant Hill and Lewis Retail Centers for Sycamore Crossing in Hercules. Over the course of his career, Seiler has been directly involved in more than $1 billion in commercial real estate transactions, including investment and development projects and hundreds of leases. Prior to joining the firm, Seiler had a 20-plus year career in the shopping center industry, including 10 years as a corporate Real Estate Director specializing in new store development for leading retailers including Kroger and Blockbuster and several years as Vice President, Land Acquisition for a national hotel chain. He also has extensive experience with both public and private shopping center investors and developers in the fields of development, leasing, acquisition and due diligence.

SAN FRANCISCO—Newmark Cornish & Carey recently revealed that consummate real estate professional Charlie Withers has joined the firm as executive managing director. The 13-year veteran specializes in both project leasing and tenant representation and has represented clients in more than four million square feet of lease transactions and $800 million in aggregate sale transactions. Notably, Withers is among San Francisco's top advisors for building owners executing full-scale creative renovations. Recently completed projects include 140 New Montgomery, 55 Hawthorne, 115 Sansome, 20 California Street, The Warfield, and 116 New Montgomery.

DEAL TRACKER

SEATTLE—Boeing Employee Credit Union has purchased eight buildings next to their corporate headquarters at Gateway Corporate Center. Kidder Mathews commercial real estate brokers, Bill Frame and Richard Davidson, represented BECU in the transaction. The seller, a global investment manager, was represented by Andy Miller and Matt Wood, also with Kidder Mathews. Gateway Corporate Center is an 11-building, class A office and industrial park, which was developed in 1986. It is located at the junction between State Route 599 and Interstate-5. BECU previously owned two buildings at Gateway Corporate Center, where they built their headquarters in 1990. With the purchase of eight additional buildings, totaling 376,432 square feet, at 12830-12886 Interurban Avenue S in Tukwila, Washington, the credit union has increased their holdings in the office park to 589,000 square feet, thus allowing for greater flexibility to grow.

PORTLAND—American Realty Advisors, along with its joint-venture partner, Unico Properties LLC, a real estate investment and operating company, has acquired Congress Center, a 23-story high-rise office tower in Portland. The property is strategically located along the primary mass-transit corridor in the heart of Portland's central business district. “The location and the bones of the building make this an attractive value-add investment opportunity in a key urban market,” says Drew Hess, senior director of the investment group, at American Realty Advisors. “It presents an opportunity to make strategic leasing and capital investment in building improvements to elevate the asset's competitive position and raise occupancy to generate strong long-term cash flow.” ARA expects strong leasing interest based on Portland's strength as a knowledge market.