KIRKLAND, WA—Locally based commercial general contracting and construction management firm GenCap Construction Corp. recently named industry veteran Rob Warnaca as President. In his new role, Warnaca will provide executive leadership for the overall business while growing the firm and diversifying into new markets. GenCap currently has several projects underway in cities across the Puget Sound region. As a 25-year industry veteran, Warnaca most recently served as director at M.A. Mortenson Company in Seattle, where he was responsible for the success of $450 million in annual projects from the pursuit stage through their long-term facility operations. He also served in multiple leadership capacities including chief estimator and construction executive on numerous large projects.

SEATTLE—Greystar, recently appointed Joan Carro as senior managing director of real estate. Based in Greystar's Seattle office, she will be responsible for the firm's property management operations throughout Washington state.

DEAL TRACKER

PORTLAND—Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, recently revealed that that Peter C. Norrie, Managing Director of Cohen Financial's Portland office, secured $5.408 million Fannie Mae financing for the Nolan Ridge Apartments, a 64-unit, garden-style multifamily property built in 2002. The property is located in Keizer, Oregon, a suburb of Salem, Oregon. The loan closed on February 23.

SEATTLE—KeyBank Real Estate Capital has recently secured a $54.8 million Freddie Mac, first mortgage loan for Angeline Apartments, located in the historic Columbia City neighborhood of Seattle, WA. Built in 2015, the 193-unit, mixed-use property includes five floors of apartments, ground floor retail space and an underground garage. The ground floor retail includes PCC Natural Grocers, the largest consumer-owned natural food retail co-operative in the US, and All the Best Pet Care.

RENTON, WA—Cushman & Wakefield Inc. recently served as the exclusive advisor to SECO Development Inc. in arranging $265 million of construction financing for the development of a 727,634-square-foot office tower located at 1101 Lake Washington Boulevard North, Renton, WA. The financing was provided by Apollo Commercial Real Estate Finance Inc. A New York based Cushman & Wakefield Equity, Debt and Structured Finance team of Dave Karson, Steve Kohn, Gideon Gil, John Alascio, Chris Moyer & Alex Lapidus represented SECO Development, Inc. in the transaction.

BUILDING BLOCKS

SEATTLE—Holliday Fenoglio Fowler LP recently advised Columbia Pacific Advisors on the $114.69 million financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle, WA's First Hill neighborhood. The participating development loan was provided by HCP Inc. 620 Terry will total 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 memory care units. The 24-story property is due for completion in 2019.

PORTLAND—KeyBank recently revealed that it had provided $43 million in construction financing for the development of 203 affordable housing units in the RiverPlace neighborhood of Portland, OR. The affordable housing project is the culmination of a competitive request for proposal process initiated jointly by the Portland Housing Bureau and Prosper Portland. National Equity Fund Inc. is the Low-Income Housing Tax Credit limited partner of RiverPlace Housing 3 Limited Partnership LP. River Place Housing 3 LP represents Phase I of a two-phase project. Phase I will total 203 units, comprised of 70 studios and 81 one-bedroom, 47 two-bedroom and five three-bedroom apartments. The property will set aside 10 unsubsidized units for households earning 30% Area Median Income.

SEATTLE—Funds managed by Greystar Real Estate Partners recently acquired Zig Apartments, the brand new, 170-unit, core asset. The property also includes 5,018 square feet of retail space. Completed in the summer of 2017 with a full amenity package and luxury finishes, the asset is extremely well-located at 550 Broadway in Seattle's First Hill neighborhood, offering class A living with immediate access to the city's burgeoning tech hub and a vibrant mix of shopping, dining and entertainment options.

SEATTLE—With a West Coast debut that's as provocative and bold as its name, Moxy Seattle Downtown's recent opening represents a disruptive shift in the future of the city's hotel industry, according to a prepared statement. Located at 1016 Republican Street, in the heart of downtown Seattle's hottest neighborhood, South Lake Union, the property welcomes Fun Hunters with a spirited hotel experience unlike any other. Colorado-based Stonebridge Cos. is the developer and property manager behind the latest addition to Marriott International's experiential brand that debuted in 2014 with the opening of Moxy Milan. Boasting 146 rooms spread over eight floors with flexible event space in the lobby, the opening of Moxy Seattle brings to the city a fun and stylish hotel for both locals and visitors alike.