Category: Bellevue Business Journal

HFF Announces Sale of Willow Creek Corporate Center

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HFF announces the sale of Willow Creek Corporate Center, a seven-building, Class A office park in the thriving tech submarket of Redmond, Washington.

HFFHFF Announces Sale of Willow Creek Corporate Center

The HFF team represented the seller, and procured the buyer, Preylock Real Estate Holdings.
Willow Creek Corporate Center comprises 421,785 square feet spread across seven fully leased buildings. The campus is located in the supply constrained North Redmond submarket of Seattle, just minutes from Microsoft’s world headquarters.
The HFF investment advisory team representing the seller included Michael Leggett, Dave Otis Logan Greer and Kevin Freels.
About Preylock Real Estate Holdings
Preylock Real Estate Holdings are owners, operators and developers of commercial and residential real estate primarily located on the West Coast. They utilize a relative value approach to real estate investing, identifying unique investment opportunities in highly targeted, supply constrained markets. Generally, they seek to acquire assets that trade at a discount to replacement cost and/or comparable assets in neighboring sub-markets. The company is currently focused on the acquisition of value-add and core plus office buildings in major West Coast sub-markets. Preylock’s sponsors have a combined 26 years of commercial real estate investment experience, including experience with institutional real estate investment partners. To date, Preylock has acquired assets totaling approximately two million square feet, investing approximately $700 million. About HFF
HFF and its affiliates operate out of 26 offices and are a provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit or follow HFF on Twitter @HFF.

Here’s How You Can Create the Perfect Office Space

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Bellevue Office SpaceFinding the perfect office space is one thing. Turning it into the ideal workable space is a whole other task. The layout and design of the area are what can genuinely attract an employee not just to come and work for you, but to enjoying working there.
Walking into an office that is dark, crammed with nothing appealing around, it will be hard to keep employees happy. However, an office that is open, bright, has lots of windows and features to it, you’ll notice your staff might actually enjoy walking into work.
Since designing the perfect office space can be tricky, here are a few points to help you out. Read More

Unique Business Model Thrives

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Brian PeaveyBy Brian Peavey
Are you crazy?! Giving away money in the form of profit sharing seems like a ludicrous way of making more money but we are experiencing this phenomenon in Boise, Idaho at ProfitShare, LLC.
ProfitShare is a group of ethical investors who buy houses, renovate them, and resell them in a socially responsible way. Because of this core value we operate differently. Like other real estate investors, we buy houses at current fair value, renovate it, and then resell it for a profit. But what makes us different is that we share some of the profit we make with the people we bought the house from originally. Because we believe if we give back to the homeowner, we are helping the community. Read More

Guild Mortgage Promotes Bellevue’s Gemma Currier to Vice President; Will Lead National Retail Sales Operations

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Gemma Currier VP Guild MortgageCurrier will oversee Guild’s sales technology, sales training and development, retail administration and project management functions

San Diego-based Guild Mortgage, one of the fastest-growing independent mortgage lending companies in the country, has promoted Gemma Currier to vice president of national retail sales operations to oversee the company’s sales technology, sales training and development, retail administration and project management.

In her expanded role, Currier will direct 25 employees, managing product guidance for sales technology, retail meeting and event programs, training and development initiatives, retail onboarding processes and special projects to improve retail operations. She will also oversee the development of a new CRM, lead management and marketing automation platform that will be integrated with Guild’s proprietary sales systems. Currier reports to Barry Horn, executive vice president of national production. Read More

Berkshire Hathaway HomeServices Northwest Real Estate Earns Green Genius Top Listing Award

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Berkshire Hathaway Green Genius Award 2016
Photo from left to right: Dietrich Schmitz (Washington State Housing Finance); Mark Leingang, Tim Bower and Paul Poirier (Berkshire Hathaway HomeServices Northwest Real Estate); Krystal Meiners (Green Canopy Homes).

Green Genius Award Goes to Berkshire Hathaway

Berkshire Hathaway HomeServices Northwest Real Estate received the Green Genius Top Listing Company Award at the 4th Annual Built Green Conference in Bothell, WA.

Berkshire Hathaway HomeServices Northwest Real Estate agents Tim Bower (Burien), Sunny Tumber (Burien), Paul Poirier (West Seattle), Mark Leingang (Bellevue) and Ken Arkills (West Seattle) accepted the award on behalf of the company. These award-winning agents have partnered with Green Canopy Homes to promote green building and sustainability in the Pacific Northwest community.

“I applaud Green Canopy Homes for creating sustainability-focused communities and educating others about green-building practices,” says Berkshire Hathaway HomeServices Northwest Real Estate president and CEO, Jason Waugh. “And I appreciate the efforts our brokers put forth in promoting sustainability in the Pacific Northwest.” Read More

Brazen Sotheby’s International Realty Inducted into Luxury Real Estate Board of Regents

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Luxury Real EstateBrazens Represent Bellevue Luxury Real Estate

The Luxury Real Estate Board of Regents continues to expand its reach with the newest appointment of Brazen Sotheby’s International Realty to represent the city of Bellevue in Washington State. Each member of the Board of Regents is selected based on their leadership and enduring accomplishments in the real estate industry and are armed with an exclusive array of impressive marketing tools and solutions.
The Brazen name has been renowned in luxury real estate for over 37 years, Read More

M-M Properties Purchases Sunset North Office Campus in Bellevue for $155.3 Million

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Sunset North Office Campus BellevueCBRE Group, Inc. recently announced it represented a fund managed by Beacon Capital Partners in the $155.3 million sale of Sunset North, a three-building, 464,000-sq.-ft. office campus in Bellevue. The complex was purchased by M-M Properties and a large institutional investor. Sunset North is currently 99 percent leased and anchored by The Boeing Company.

Tom Pehl and Lou Senini of CBRE’s Institutional Properties team worked with Kevin Shannon, Ken White and Michael Moll to represent the seller in the transaction. Paul Sweeney and Jason Furr of Broderick Group assisted in representing the seller in the transaction. Read More

5th Annual Seattle Modern Home Tour Showcases Eight Residential Works of Architectural Art

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Modern Home Tours logoThe 2016 Seattle Modern Home Tour will take place Saturday, April 30th, offering tour-goers the chance to walk-through and explore eight modern homes throughout the Emerald City, and meet the local architects behind the designs. Seattle Architecture Foundation is local non-profit partner.
The Seattle Modern Home Tour returns on the last Saturday in April, giving Seattleites the opportunity once again to explore eight modern homes that exemplify modern architecture and design, right in their own city. Visitors will get the inside scoop from homeowners on what it’s like to live in a modern home, and talk to the architects to find out from where the inspiration for design comes. This is every Seattle resident’s chance to check out ‘that cool house down the block…’ Read More

Suncadia Continues to See Increased Home Sales Year After Year

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Suncadia, Washington state’s four season mountain resort community located 80 miles east of Seattle, ended 2015 with more than $55 million in closed real estate sales.
“Suncadia saw more than 40% of all 2015 sales result from a referral of a friend, family member or business associate by current owners. It is a strong testament to the commitment of our owners,” said Richard Seay, vice president, director of sales and marketing for Suncadia.

“There is a strong community of homeowners here at Suncadia who enjoy just getting away to relax for the weekend, or spending a few weeks at a time to immerse themselves in our mountain retreat culture.”

Since January 2015, Suncadia had 133 real estate transactions for homes, homesites and condominiums ranging in price from $80,000 to $3 million. Sixty-nine homesites, 46 custom homes and 18 condominiums were sold with the average price increasing by nearly 30% from 2014. Suncadia’s median home price is $810,000, compared to the King County’s median price of approximately $448,600 for a single-family home.
“Suncadia has found that their second home market is a direct reflection of the strength of the primary home market in the Puget Sound area,” said Seay. “With the region’s significant growth in the real estate market over the past few years, Suncadia’s housing market is thriving.”
Suncadia will be hosting a monthly Tour of Homes on Sunday, February 14 and March 20 from 10 a.m. to 2 p.m.The public is invited to tour a variety of available properties in Suncadia at this time.
Since properties became available in 2003, 715 homes and condominiums have been completed. Nine distinct Suncadia neighborhoods offer a variety of styles – Suncadia for a resort village experience offering  The Lodge,Rope Rider, Prospector, Black Nugget, Trailhead, Prospector’s Reach, and the exclusive Osprey Ridgecommunities; Nelson Preserve for dramatic views and easy access to the river; and Tumble Creek for a private retreat within a gated enclave of homes.
Suncadia offers homeowners a variety of amenities including: award winning resort golf courses; Prospector, designed by Arnold Palmer and Rope Rider, designed by Jacobsen Hardy; Portals Restaurant; the Suncadia Club Swim & Fitness Center; and Glade Spring Spa. Suncadia is the only resort of its kind to feature a winery within its boundaries, Swiftwater Cellars, which crushes grapes on-site and makes premium Swiftwater Cellars’ wines. In addition, for those that reside in the private Tumble Creek neighborhood, Tumble Creek Club members have access to the private Tom Doak designed golf course, glamorous camping of Sasse Mountain outpost, and their own private Hill House Swim & Fitness Center.
Seasonal activities and events at the property include the Suncadia Summer Nights Outdoor Concerts Series, annual Multi-Sport Festival, and annual Swiftwater Classic golf tournament, Harvest Festival and Winterfest, outdoor concerts at Swiftwater Cellars, miles of hiking and biking trails, winter ice skating and tubing hill, guided fly fishing tours, paddle board rentals and much more.
About Suncadia          
Suncadia has quickly become a recreational playground for Seattleites and travelers across the Pacific Northwest.  Located 80 miles east of Seattle in the Cascade Mountains, Suncadia is a world away from the hustle and bustle of the city, offering a unique combination of activities and amenities that make it an ideal Northwest getaway and resort residential community.

Seattle-based RE/MAX On the Lake Announces Acquisition of RE/MAX Northwest REALTORS

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RE/MAX On the Lake, a locally owned real estate brokerage, is expanding further into the Seattle metropolitan area with the acquisition of RE/MAX Northwest REALTORS. The owners of RE/MAX On the Lake have signed an agreement to purchase the RE/MAX Northwest REALTORS brokerage; the parties expect the transaction to close in early 2016. Following the close, RE/MAX Northwest REALTORS will continue to operate under the same name, but will return to local ownership with current RE/MAX on the Lake Broker/Owner Matt van Winkle.

RE/MAX Northwest REALTORS has approximately 160 real estate agents in three office locations: Bothell, Kirkland and Seattle. All offices combined will be home to more than 240 Associates in six offices, resulting in the largest RE/MAX brokerage in the state by agent count and sales volume.
“RE/MAX Northwest has tenured, experienced agents who provide a high level of service to their clients, which is a perfect fit for RE/MAX On the Lake,” van Winkle said. “Together, our offices will ensure a more efficient and effective business environment that will ultimately take customer service to another level. It’s a win – win for everyone.”
By joining forces, RE/MAX On the Lake and RE/MAX Northwest REALTORS are able to expand its entrepreneurial atmosphere to a wider audience of Associates. By providing valuable productivity tools, enhanced coaching opportunities and a collaborative work environment, Associates will be able to have a more efficient business strategy tailored to each client’s needs.
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