Below is GlobeSt.com's bi-weekly update on the middle markets throughout the North West region. Here's a look at the latest news, announcements and deals that you may have missed from areas including: Alaska, Washington, Oregon, Idaho, and Northern California.
NEWS & NOTABLES
SAN FRANCISCO—CBRE Group Inc. recently acquired the business of Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium, Gusto and Coinbase, on occupancy strategies. The acquisition confirms CBRE as the leading real estate advisor in the Bay Area for technology companies and fortifies its Technology Practice globally, according to a prepared release.
OAKLAND, CA—NAI Northern California has added Brett Stratton as Managing Director based at the firm's downtown Oakland office. Brett brings over 20 years of real estate industry experience on a national level including multifamily investment properties, contract negotiations, and brokerage operations. His previous background includes roles with startups Owners.com and Movoto as well as real estate players like KB Home and Coldwell Banker.
DEALTRACKER
SEATTLE—The Greater Columbus Convention Center Expansion and Renovation breathes new life into this emblematic civic complex. The $140 million, multi-building project adds 137,000-square-feet of new space and renovates 800,000-square-feet of the existing structure. Schooley Caldwell Associates served as associate architect for the project, with Corna Kokosing Construction Company and Elford, Inc. as Construction Manager. In the nearly 25 years since the original convention center was constructed in 1993, downtown Columbus has undergone a dramatic transformation. The new expansion reflects this growth, recalibrating the experience of the facility to the current urban fabric of the city—engaging the pedestrian activity and public spaces of downtown, as well as the thriving Short North neighborhood. The prominent new glazed civic entry embodies this transformation.
SEATTLE—Dermody Properties, a national real estate investment, development and management company, specializing in acquisitions and development of logistics real estate, recently leased a 210,700-square-foot industrial facility in Lakewood, WA, to an international appliance manufacturer. The facility, known as LogistiCenterSM at I-5, is located one-half mile from the intersection of I-5 and SR-512 in Lakewood. The building will serve as an appliance warehousing and distribution center.
PORTLAND—Cushman & Wakefield has completed a major remodel of its longtime real estate services office in downtown Portland, OR. Located on the park-like terrace level of 200 SW Market St, the firm's revamped digs feature several new design enhancements and amenities making for a more collaborative, technologically-advanced, functionally efficient, and enjoyable workplace. A tenant of 200 Market since 1989, Cushman & Wakefield temporarily operated from another suite within the building while renovations took place over the summer.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
