SAN MATEO, CA—Former CEO, Shiro Takeuchi, will continue to foster Movoto's success as Chairman of the Board. Imtiyaz Haque succeeds Takeuchi during a time of rapid growth for Movoto Real Estate. Having recently become the only online brokerage licensed in all fifty states, Movoto is paving the way for the future of real estate. “It's bittersweet to leave the company I've watched grow so much over the last three years, but I'm excited to continue as Chairman and to see how Movoto evolves under Imtiyaz's leadership,” Takeuchi said. “Imtiyaz was a natural choice for our new CEO. He has been an invaluable asset to the company for the last two years, and he's already established himself as a true leader.”

SACRAMENTO—HGA Architects and Engineers has hired David Ainsworth, PE, as Associate Vice President and Senior Mechanical Engineer in Sacramento, CA. Ainsworth will bring new mechanical engineering design expertise to HGA's healthcare, higher education, corporate and government practices, adding to the office's design services.

PORTLAND—CVF Capital Partners has opened a new Portland, OR office. The Pacific Northwest office allows CVF to expand beyond their California presence and be closer to Pacific Northwest lower-middle and middle-market companies. Since 2012, CVF has completed three successful transactions in Oregon for Source Logistics (Beaverton), Pioneer Recycling (Clackamas), and Precision Machine and Manufacturing (Eugene). José Blanco, Managing Partner at CVF, commented, “We have done business for years in Oregon. Having a local Portland office will allow us to broaden our reach into Oregon as well as Washington and Idaho and be closer to business owners, advisors, and bank partners.”

SEATTLE—Columbia Pacific Advisors, a Seattle alternative investment firm, recently revealed the sale of Talyst Systems LLC, a market leader in pharmacy automation solutions based in Kirkland, WA, to Swisslog Healthcare, a leading global supplier of medication management and supply chain solutions and services. The sale is a successful exit for Columbia Pacific Advisors' growth capital strategy, which acquired Talyst Systems, LLC in 2015 and used its deep expertise in domestic and international healthcare management to strategically position the pharmacy automation company. Talyst's service area of hospitals and long-term care facilities dovetailed perfectly with Columbia Pacific Advisors' experience.

DEAL TRACKER

PORTLAND—Hunt Mortgage Group, a leader in financing commercial real estate throughout the US, has provided a $14.5 million first mortgage bridge loan to refinance a multifamily property in Portland, OR. Located at 1950 NW Pettygrove Street and 1953 NW Overton Street, Tess O'Brien Apartments is a 123-unit mid-rise style apartment complex situated in the Northwest District of Portland. It is within walking distance of neighborhood retail, the Pearl District, and downtown Portland. The property consists of two, six-story apartment buildings, and a leasing office, clubhouse and fitness center. There is also a community room and laundry facility on the ground floor of each building.

PORTLAND—CBRE Capital Markets has arranged the sale of Witham Hill Oaks Apartments, a 50-building community in Corvallis, OR. Phil Oester, Joe Nydahl and Josh McDonald of CBRE's Pacific Northwest Multifamily Team represented the seller, Witham Hill Oaks Apartments LLC. “This is a landmark sale for Corvallis, which has always had a fairly restricted supply of multifamily housing. The seller owned the property for 30 years. Verdant Development is the buyer and their plan is to upgrade the property and hold long term,” said Phil Oester, Senior Vice President, CBRE Capital Markets.