Category: Bellevue

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

Bellevue, Bellevue Business Journal, Real Estate, Women in Business , ,

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

Awards, Bellevue, Bellevue Business Journal, Real Estate , , , ,

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

Bellevue, Bellevue Business Journal, News, Real Estate , , , , ,

PCCP and Align Real Estate Form JV to Purchase Pacific Towers Office Building in Downtown Bellevue

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Pacific Tower Downtown BellevuePCCP, LLC recently announced that it has formed a joint venture with Align Real Estate to acquire the six-story, 110,372-square-foot Class A Pacific Tower office property within the central business district of Bellevue, WA. The property is 95 percent occupied and includes ground-floor retail and a three-level parking garage consisting of 315 stalls. The acquired property consists of the bottom six floors of a 23-story tower, the top 17 stories are residential condominiums.

“This is our first joint venture with Align, a firm specializing in value-added office development throughout the Pacific Northwest and California,” said Erik Flynn, managing director with PCCP. “Bellevue Pacific offers us an opportunity to increase the asset’s revenue through value-add improvements including a lobby renovation and aesthetic upgrades to the tenant floors that are designed to enhance the building’s prominence in the marketplace and ultimately attract long-term tenants.”

Built in 1995, the property is located at NE 2nd Avenue, between 106th and 107th Avenues. It includes 24 Hour Fitness, Opus Bank, TIAA-CREF as well as other tenants. Over the past several years the property has been amidst a rapidly transforming neighborhood with new hotel, mixed-use, residential, and retail developments occurring on each side of the property.

Bellevue, the business center of the Eastside of Seattle, continues to see the highest growth in rental rates in its submarket with premium buildings experiencing average rental rate growth of 12.7 percent in 2014. Rental rate growth projections through 2015 are expected to reach approximately 8 percent with continued growth over the next four years.

Eastdil Secured represented both the buyer, as well as the seller, LaSalle Investment Management.

Bellevue, Bellevue Business Journal, Business, Partnership, Real Estate

PCCP and Align Real Estate Form JV to Purchase Pacific Towers Office Building in Downtown Bellevue

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Pacific Tower Downtown BellevuePCCP, LLC recently announced that it has formed a joint venture with Align Real Estate to acquire the six-story, 110,372-square-foot Class A Pacific Tower office property within the central business district of Bellevue, WA. The property is 95 percent occupied and includes ground-floor retail and a three-level parking garage consisting of 315 stalls. The acquired property consists of the bottom six floors of a 23-story tower, the top 17 stories are residential condominiums.

“This is our first joint venture with Align, a firm specializing in value-added office development throughout the Pacific Northwest and California,” said Erik Flynn, managing director with PCCP. “Bellevue Pacific offers us an opportunity to increase the asset’s revenue through value-add improvements including a lobby renovation and aesthetic upgrades to the tenant floors that are designed to enhance the building’s prominence in the marketplace and ultimately attract long-term tenants.”

Built in 1995, the property is located at NE 2nd Avenue, between 106th and 107th Avenues. It includes 24 Hour Fitness, Opus Bank, TIAA-CREF as well as other tenants. Over the past several years the property has been amidst a rapidly transforming neighborhood with new hotel, mixed-use, residential, and retail developments occurring on each side of the property.

Bellevue, the business center of the Eastside of Seattle, continues to see the highest growth in rental rates in its submarket with premium buildings experiencing average rental rate growth of 12.7 percent in 2014. Rental rate growth projections through 2015 are expected to reach approximately 8 percent with continued growth over the next four years.

Eastdil Secured represented both the buyer, as well as the seller, LaSalle Investment Management.

Bellevue, Business, Eastside Business Journal, Partnership, Real Estate

VITEK Mortgage Group Expands into Washington

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VITEK Mortgage BellevueVITEK Mortgage Group has announced their expansion into Washington. Their new team and office are located in Bellevue, WA at 10900 NE 8th Street Suite #110.  This new VITEK location will be the first of many to come in Washington, as they anticipate opening more offices in the near future.

The seasoned professionals of the new VITEK Bellevue team are aligned with our core principals of value, integrity, teamwork, excellence and knowledge.  Beyond their dedication to helping homebuyers achieve their dream of home ownership, they will be focused on truly serving the community.

VITEK President, Harry Duncan, says, “Our roots run deep in our love for Washington.  We spent a lot of time with family in the Seattle area while growing up.  Our mother was born, raised and graduated as a Huskey”.

We are excited for this time of growth and look forward to serving the Washington community.

About VITEK Mortgage Group

VITEK Mortgage Group has been in business for 27 years and is dedicated to opening doors to better lives.  They are licensed to originate loans throughout all of California and Washington and specialize in government, conventional, Jumbo, and down payment assistance home loans.  As a mortgage banker VITEK processes, underwrites and funds home loans in-house.  VITEK Mortgage Group is an Equal Housing Opportunity lender. NMLS # 37408 · Washington: Consumer Loan Company License # CL-37408. · California: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

Bellevue, Bellevue Business Journal, Business, Finance, Real Estate

VITEK Mortgage Group Expands into Washington

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VITEK Mortgage BellevueVITEK Mortgage Group has announced their expansion into Washington. Their new team and office are located in Bellevue, WA at 10900 NE 8th Street Suite #110.  This new VITEK location will be the first of many to come in Washington, as they anticipate opening more offices in the near future.

The seasoned professionals of the new VITEK Bellevue team are aligned with our core principals of value, integrity, teamwork, excellence and knowledge.  Beyond their dedication to helping homebuyers achieve their dream of home ownership, they will be focused on truly serving the community.

VITEK President, Harry Duncan, says, “Our roots run deep in our love for Washington.  We spent a lot of time with family in the Seattle area while growing up.  Our mother was born, raised and graduated as a Huskey”.

We are excited for this time of growth and look forward to serving the Washington community.

About VITEK Mortgage Group

VITEK Mortgage Group has been in business for 27 years and is dedicated to opening doors to better lives.  They are licensed to originate loans throughout all of California and Washington and specialize in government, conventional, Jumbo, and down payment assistance home loans.  As a mortgage banker VITEK processes, underwrites and funds home loans in-house.  VITEK Mortgage Group is an Equal Housing Opportunity lender. NMLS # 37408 · Washington: Consumer Loan Company License # CL-37408. · California: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

Bellevue, Business, Eastside Business Journal, Finance, Real Estate

The End of Houses in Bellevue Below $500k?

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Is it possible that we have seen the end of houses in Bellevue priced at less than $500k?  This was the Bellevue Homes Report that I posted at A New Day Real Estate early this morning:

 

Bellevue Homes Report A New Day Real EstateIn the past couple of days, there has been 20 new single family residences in Bellevue listed for sale on the NWMLS used by local real estate professionals to market and sell properties.  This is good news and a short trend of increasing home inventory that I would like to see continue for awhile.  These 20 newly listed Bellevue homes range in price from $542k to $1,999,995, with the average asking price at $889,336 and median asking price of $775k.

While 20 new SFR were listed, 6 were sold (closings) and 6 others went ‘Pending’ or ‘Pending Inspection’.   The sales that closed ranged in price from $466,200 to $972,526, with an average sales price of $755,621.

Out of the 111 Bellevue ‘houses’ on the market, there are currently only 6 listings that are priced at less than $500k.  Four of those properties are townhomes and come with HOA fees and I don’t consider them houses – they are really condos in disguise.  One of the two Bellevue houses that are priced at less than half a million dollars is in the Renton school district, which is not as desirable as the highly rated Bellevue School District.  That leaves only one house in Bellevue, in the Bellevue School District that is priced less than $500k.  Could this be the last house in Bellevue priced under half a million?

Probably not, but …. prices are going up, inventory is still low and demand seems to be getting stronger.  Even neighborhoods in Bellevue that in the past might have seemed less desirable are now in high demand and homes in good condition are fetching top prices.

I’d love to hear your opinion, will this be the last house in Bellevue priced under half a million?

Bellevue, Bellevue Business Journal, Real Estate

The End of Houses in Bellevue Below $500k?

No Comments

Is it possible that we have seen the end of houses in Bellevue priced at less than $500k?  This was the Bellevue Homes Report that I posted at A New Day Real Estate early this morning:

 

Bellevue Homes Report A New Day Real EstateIn the past couple of days, there has been 20 new single family residences in Bellevue listed for sale on the NWMLS used by local real estate professionals to market and sell properties.  This is good news and a short trend of increasing home inventory that I would like to see continue for awhile.  These 20 newly listed Bellevue homes range in price from $542k to $1,999,995, with the average asking price at $889,336 and median asking price of $775k.

While 20 new SFR were listed, 6 were sold (closings) and 6 others went ‘Pending’ or ‘Pending Inspection’.   The sales that closed ranged in price from $466,200 to $972,526, with an average sales price of $755,621.

Out of the 111 Bellevue ‘houses’ on the market, there are currently only 6 listings that are priced at less than $500k.  Four of those properties are townhomes and come with HOA fees and I don’t consider them houses – they are really condos in disguise.  One of the two Bellevue houses that are priced at less than half a million dollars is in the Renton school district, which is not as desirable as the highly rated Bellevue School District.  That leaves only one house in Bellevue, in the Bellevue School District that is priced less than $500k.  Could this be the last house in Bellevue priced under half a million?

Probably not, but …. prices are going up, inventory is still low and demand seems to be getting stronger.  Even neighborhoods in Bellevue that in the past might have seemed less desirable are now in high demand and homes in good condition are fetching top prices.

I’d love to hear your opinion, will this be the last house in Bellevue priced under half a million?

Bellevue, Eastside Business Journal, Real Estate
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