DEAL TRACKER

MONTEREY, CA—Garage Unlimited of Monterey has entered into an agreement with Cushman & Wakefield to act as broker for the private, gated specialty car storage garage-condo facility located in the Ryan Ranch area of Monterey. Sales and leasing efforts will be spearheaded locally by Dennis Chambers and Josh Jones of Cushman & Wakefield's Monterey office located at 1 Lower Ragsdale Dr., Bldg. 1, Suite 100, in Monterey.

PORTLAND—Urban Renaissance Group has unveiled a new public art installation by local artist-designer Brad Johnson at the Moda Tower commercial office building located in Portland's central business district. Designed to captivate and enchant passersby of the northwest corner of Moda Tower, 'Ponderosa Pelts' is a mixed-media installation celebrating the beauty of the Columbia River Gorge region's prolific Ponderosa pine—while working to raise awareness of its vulnerability to invasive bark beetles. The display is part of a new public art installation endorsed by the Regional Arts and Culture Council's Public Art Committee in September 2016, and is being done in conjunction with a major renovation of Moda Tower's main lobby planned to begin later this year. “We're thrilled to debut this new installation at Moda Tower,” said URG Vice President – Regional General Manager, Tom Kilbane. “As a meaningful work of art that reflects our habitat in the Pacific Northwest, we view this as a wonderful asset to our building's tenants and visitors to downtown Portland.”

SEATTLE—CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, has acquired Quail Park of Lynnwood, a 15-acre senior housing community in Lynnwood, WA, a suburb of Seattle. CA Senior Living and Seattle-based Living Care Lifestyles entered into a joint venture with an affiliate of Goldman Sachs & Co. to purchase the 130-unit community from affiliates of Living Care Lifestyles. Future plans include a two-phase expansion that will add 109 units, nearly doubling the number of independent and assisted living residences.

BUILDING BLOCKS

SEATTLE—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 (BMI), 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. BMI operated the campus until 1997, when it sold the property.

This week in the North West region, there were a few new hires in the Seattle area. Check out that and all the other news you might have missed below.—Natalie Dolce

NEWS & NOTABLES

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. has 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, Mr. Lo has completed more than $6 billion in debt and equity closings throughout the course of his career. As Senior Vice President, Mr. 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

MONTEREY, CA—Garage Unlimited of Monterey has entered into an agreement with Cushman & Wakefield to act as broker for the private, gated specialty car storage garage-condo facility located in the Ryan Ranch area of Monterey. Sales and leasing efforts will be spearheaded locally by Dennis Chambers and Josh Jones of Cushman & Wakefield's Monterey office located at 1 Lower Ragsdale Dr., Bldg. 1, Suite 100, in Monterey.

PORTLAND—Urban Renaissance Group has unveiled a new public art installation by local artist-designer Brad Johnson at the Moda Tower commercial office building located in Portland's central business district. Designed to captivate and enchant passersby of the northwest corner of Moda Tower, 'Ponderosa Pelts' is a mixed-media installation celebrating the beauty of the Columbia River Gorge region's prolific Ponderosa pine—while working to raise awareness of its vulnerability to invasive bark beetles. The display is part of a new public art installation endorsed by the Regional Arts and Culture Council's Public Art Committee in September 2016, and is being done in conjunction with a major renovation of Moda Tower's main lobby planned to begin later this year. “We're thrilled to debut this new installation at Moda Tower,” said URG Vice President – Regional General Manager, Tom Kilbane. “As a meaningful work of art that reflects our habitat in the Pacific Northwest, we view this as a wonderful asset to our building's tenants and visitors to downtown Portland.”

SEATTLE—CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, has acquired Quail Park of Lynnwood, a 15-acre senior housing community in Lynnwood, WA, a suburb of Seattle. CA Senior Living and Seattle-based Living Care Lifestyles entered into a joint venture with an affiliate of Goldman Sachs & Co. to purchase the 130-unit community from affiliates of Living Care Lifestyles. Future plans include a two-phase expansion that will add 109 units, nearly doubling the number of independent and assisted living residences.

BUILDING BLOCKS

SEATTLE—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 (BMI), 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. BMI operated the campus until 1997, when it sold the property.