PORTLAND-Ed McNamara, hired by the Housing Authority to direct redevelopment of the city's largest public housing project, says too much administrative work is prompting him to leave at the end of this month and start his own development business.
SAN FRANCISCO-The New York-based, full-service real estate firm tells GlobeSt.com it has hired away CB Richard Ellis SVP Ed Grammens and several of his team members for its first San Francisco office. "It is the first step in creating a major presence in the Western Region of the United States," says Newmark's director of U.S. Operations.
PORTLAND-Robert Scanlan of ScanlanKemperBard tells GlobeSt.com the sale of Capital West will give his merchant bank and development advisory firm back some agility it lost when it acquired the investment firm in March 2000. The two companies' relationship will remain intimate, however.
PORTLAND-The full-service firm gains its first industrial broker in George Slevin, adding depth to a local office heretofore focused mainly on the office market.
BELLEVUE, WA-Richard Leider, Lincoln Square's project director for developer Lend Lease Real Estate Investments, says the mixed-use development project underway in Downtown Bellevue will spend the next five- to six-months reevaluating the project to meet opportunities presented by changed market conditions. In March, citing previous delays, the development's anchor office tenant jumped ship.
SAN FRANCISCO-The real estate investment brokerage company taps the manager of its Palo Alto office to be the next director of its National Office and Industrial Properties Group.
PORTLAND-Sonnenblick-Eichner Company says it has arranged a 10-year loan on the 205-room hotel through Deutsche Banc. The fixed rate on the first mortgage loan is just under 7.75%. The hotel is owned by the locally-based Aspen Group.
SAN JOSE, CA-Seven industrial and R&D brokers from Grubb & Ellis' San Jose office resigned on Friday and walked over to Insignia/ESG, which is currently expanding its offices from one-half floor to one full floor at 160 West Santa Clara St.
PORTLAND-ScanlanKemperBard Cos. sells Capital West Associates Inc., acquired in March 2000, to its principals, Linda M. Lucas and George L. Bean, and says it will allow the company access to its deal flow, underwriting and debt sources.
PORTLAND-Five of the major local brokerage houses agree this week to have most of their licensed brokers subscribe to the new database and broadcast email system starting June 1, giving the Commercial Association of Realtors the revenue base it needs to keep its fledgling online subsidiary growing and improving. It's not without controversy, however.
