SEATTLE—CBRE Group Inc. added John Lo to the CBRE Capital Markets' Debt & Structured Finance team as senior vice president. Based in Seattle, Lo will originate commercial, multifamily & structured finance loans and equity throughout the region. A seasoned industry veteran with more 23 years of commercial real estate finance experience, Lo has completed more than $6 billion in debt and equity closings throughout the course of his career. As SVP, Lo will offer clients a broad platform of services including debt originations, structured financings, and joint venture equity investments for all property types. He will report to Jeff Majewski, executive managing director, CBRE Capital Markets.

DEAL TRACKER

SEATTLE—ScanlanKemperBard, a Portland-based real estate merchant bank, in a joint venture with Artemis Real Estate Partners, today revealed it has acquired a nine property, ground floor retail portfolio from Hoyt Street Properties in Portland's famous Pearl District. This is the first sizable ground floor retail assemblage in the Pearl District. The Pearl District retail assemblage consists of 86,445-square-feet of prime retail condominium units in nine separate but adjoining blocks that are currently owned by Hoyt Street Properties. The properties are 94% leased.

BUILDING BLOCKS

SALT LAKE CITY—A development venture comprised of Patrinely Group and USAA Real Estate Co. recently revealed project details for 650 Main, a new 320,000-square-foot class-A office tower, located at the corner of Main Street and 600 South, in downtown Salt Lake City. The first phase office building, 650 Main, will consist of 10 levels. Floor plate sizes range from 40,000 rentable square feet on the lower floors (levels 1-4) and 29,500 rentable square feet on the upper floors (levels 5-10). Expansion opportunities, up to 640,000 square feet, are available in 655 W Temple, a future second-phase office building. Designed by HOK to have a diverse mix of offerings, 650 Main will have both open and private office layouts, floor-to-ceiling glass with 10- and 11-foot ceiling heights to maximize sunlight, outdoor tenant terraces, and mountain views. 650 Main will include an exclusive fitness center with men's and women's locker rooms, bike storage, private courtyard, flexible conference facilities for small or large groups, and a large lobby with seating area. Additional amenities include an onsite restaurant with indoor and outdoor dining options. The project will be designed for LEED Gold certification.

SEATTLE—Large, private land development sites are a rarity in Seattle. Even less common, zoning provisions that allow for multiple uses. CBRE recently revealed that the Talaris Campus, a 17.8-acre site in the Laurelhurst neighborhood, is coming to the market has already begun generating significant interest. “This is one of the largest contiguous, privately owned properties in the City of Seattle,” said Tom Pehl, Senior Vice President with CBRE Capital Markets. Pehl, along with Lou Senini and Dean Johnson, are listing the property on behalf of the owner, which includes office and conference facilities, a banquet area and both short and long term residential structures, in addition to the developable land. A product of the 1960's, the property was originally developed as the Pacific Northwest research campus for the Battelle Memorial Institute, a charitable non-profit corporation dedicated to exploring and commercializing emerging areas of science to benefit individuals and institutions. While initially focusing primarily on physical and life sciences, the institution gradually increased its focus to include behavioral sciences and human affairs, according to a prepared statement. BMI operated the campus until 1997, when it sold the property.

This week in the North West, there were a few good hires in the Seattle and San Francisco area as well as a few interesting projects in the region. Check out all the news you might have missed below.—Natalie Dolce

NEWS & NOTABLES

SAN FRANCISCO—Sares Regis Group of Northern California has welcomed Arturo Taboada and Peter McDonnell as VPs in its Commercial Division, where they will provide team leadership on multiple Bay Area projects. “Arturo and Peter come to SRGNC with impressive backgrounds and an extensive list of delivered projects, and we're excited for them to apply their combined management experience to our commercial developments,” says Jeff Birdwell, President of Sares Regis Group of Northern California's Commercial Division. “We're confident that their strategic leadership and direction will help us deliver many remarkable projects in the coming years.”

SEATTLE—Greystar, a global leader in the investment, development and management of rental housing, has recently expanded its Northwest office space and team, moving into a larger office to support the Seattle division and appointing Lindley Woolston as the new Senior Development Analyst. Located in Downtown Seattle, the new office will include approximately 125 team members across the development and construction, construction services, property management, accounting and customer service divisions. Located on the 39th and 40th floors of 800 Fifth Avenue, the new office offers spectacular views of the city and provides an open floor plan for collaboration among team members. The new location will also include a development and construction studio which is conveniently located near Seattle's City Hall and main Municipal Court.

SEATTLE—CBRE Group Inc. added John Lo to the CBRE Capital Markets' Debt & Structured Finance team as senior vice president. Based in Seattle, Lo will originate commercial, multifamily & structured finance loans and equity throughout the region. A seasoned industry veteran with more 23 years of commercial real estate finance experience, Lo has completed more than $6 billion in debt and equity closings throughout the course of his career. As SVP, Lo will offer clients a broad platform of services including debt originations, structured financings, and joint venture equity investments for all property types. He will report to Jeff Majewski, executive managing director, CBRE Capital Markets.

DEAL TRACKER

SEATTLE—ScanlanKemperBard, a Portland-based real estate merchant bank, in a joint venture with Artemis Real Estate Partners, today revealed it has acquired a nine property, ground floor retail portfolio from Hoyt Street Properties in Portland's famous Pearl District. This is the first sizable ground floor retail assemblage in the Pearl District. The Pearl District retail assemblage consists of 86,445-square-feet of prime retail condominium units in nine separate but adjoining blocks that are currently owned by Hoyt Street Properties. The properties are 94% leased.

BUILDING BLOCKS

SALT LAKE CITY—A development venture comprised of Patrinely Group and USAA Real Estate Co. recently revealed project details for 650 Main, a new 320,000-square-foot class-A office tower, located at the corner of Main Street and 600 South, in downtown Salt Lake City. The first phase office building, 650 Main, will consist of 10 levels. Floor plate sizes range from 40,000 rentable square feet on the lower floors (levels 1-4) and 29,500 rentable square feet on the upper floors (levels 5-10). Expansion opportunities, up to 640,000 square feet, are available in 655 W Temple, a future second-phase office building. Designed by HOK to have a diverse mix of offerings, 650 Main will have both open and private office layouts, floor-to-ceiling glass with 10- and 11-foot ceiling heights to maximize sunlight, outdoor tenant terraces, and mountain views. 650 Main will include an exclusive fitness center with men's and women's locker rooms, bike storage, private courtyard, flexible conference facilities for small or large groups, and a large lobby with seating area. Additional amenities include an onsite restaurant with indoor and outdoor dining options. The project will be designed for LEED Gold certification.

SEATTLE—Large, private land development sites are a rarity in Seattle. Even less common, zoning provisions that allow for multiple uses. CBRE recently revealed that the Talaris Campus, a 17.8-acre site in the Laurelhurst neighborhood, is coming to the market has already begun generating significant interest. “This is one of the largest contiguous, privately owned properties in the City of Seattle,” said Tom Pehl, Senior Vice President with CBRE Capital Markets. Pehl, along with Lou Senini and Dean Johnson, are listing the property on behalf of the owner, which includes office and conference facilities, a banquet area and both short and long term residential structures, in addition to the developable land. A product of the 1960's, the property was originally developed as the Pacific Northwest research campus for the Battelle Memorial Institute, a charitable non-profit corporation dedicated to exploring and commercializing emerging areas of science to benefit individuals and institutions. While initially focusing primarily on physical and life sciences, the institution gradually increased its focus to include behavioral sciences and human affairs, according to a prepared statement. BMI operated the campus until 1997, when it sold the property.