Category: Business

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

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.

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.

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.

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.

Redmond’s ABODA wins “Superior Quality Achievement Award” from Graebel

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Aboda Corporate Housing wins Grabel Award 2014Redmond-based ABODA, has recently won the “Superior Quality Achievement Award (Relocation)” from Graebel Relocation at its recent 14th Annual Relocation Alliance Conference in Aurora, Colorado.

Each year, Graebel recognizes leading companies that have provided extraordinary service, value and excellence in performance to its relocation clients.

Lee Curtis, President, ABODA Corporate Housing
Lee Curtis, President, ABODA Corporate Housing

Lee Curtis, President of ABODA Corporate Housing, who accepted the award at the Graebel presentation ceremony, noted customer satisfaction surveys completed by corporate employees who were relocating led to the selection of ABODA.

“When an award is based on how Graebel clients feel about ABODA and all the services we provide, it is especially heartening,” said Curtis. “This honor is a great tribute to all the employee owners of ABODA who take personal pride in setting the bar for superior customer service as they have for over 25 years.”

The worldwide Graebel conference drew 150 top relocation executives, including 90 Graebel Alliance Partners from 39 countries. The Graebel Relocation Alliance awards ceremony was held at the Denver Art Museum in downtown Denver, Colorado.

About the Graebel Relocation Alliance 


At the dawn of the 21st Century a by-invitation member consortium of twenty global moving and storage (removals) firms was brought together under the mantle, The Graebel Alliance, with the objective for the moving industry’s respected company ownership and executives to collaborate and to share best-in-class service practices and programs. Renamed the Graebel Relocation Alliance the membership has expanded to include leading global relocation and mobility service firms in 2005. In its fourteenth year, the Graebel Relocation Alliance member companies total two hundred and are found on six continents.

Redmond’s ABODA wins “Superior Quality Achievement Award” from Graebel

No Comments

Aboda Corporate Housing wins Grabel Award 2014Redmond-based ABODA, has recently won the “Superior Quality Achievement Award (Relocation)” from Graebel Relocation at its recent 14th Annual Relocation Alliance Conference in Aurora, Colorado.

Each year, Graebel recognizes leading companies that have provided extraordinary service, value and excellence in performance to its relocation clients.

Lee Curtis, President, ABODA Corporate Housing
Lee Curtis, President, ABODA Corporate Housing

Lee Curtis, President of ABODA Corporate Housing, who accepted the award at the Graebel presentation ceremony, noted customer satisfaction surveys completed by corporate employees who were relocating led to the selection of ABODA.

“When an award is based on how Graebel clients feel about ABODA and all the services we provide, it is especially heartening,” said Curtis. “This honor is a great tribute to all the employee owners of ABODA who take personal pride in setting the bar for superior customer service as they have for over 25 years.”

The worldwide Graebel conference drew 150 top relocation executives, including 90 Graebel Alliance Partners from 39 countries. The Graebel Relocation Alliance awards ceremony was held at the Denver Art Museum in downtown Denver, Colorado.

About the Graebel Relocation Alliance 


At the dawn of the 21st Century a by-invitation member consortium of twenty global moving and storage (removals) firms was brought together under the mantle, The Graebel Alliance, with the objective for the moving industry’s respected company ownership and executives to collaborate and to share best-in-class service practices and programs. Renamed the Graebel Relocation Alliance the membership has expanded to include leading global relocation and mobility service firms in 2005. In its fourteenth year, the Graebel Relocation Alliance member companies total two hundred and are found on six continents.

Windermere Property Management to Open in Kirkland

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Windermere Property Management KirklandSeattle based Windermere Property Management/JMW has announced its expansion to the Eastside. Windermere Property Management Kirkland is slated to open in October inside the Rose Hill Plaza Building at 12801 NE 85th Street.

 

The new office will initially be staffed by five agents from the firm’s Seattle location who offer extensive Eastside expertise. Christie Rice, Jay LaBrie, Jennie Ugaitafa, Mandy Lane and Christian Dema are long-term Eastside property managers as well as residents.

 

“The decision to expand our footprint was in recognition of where much of our management portfolio has grown,” comments J. Michael Wilson, Owner/Broker. Wilson believes the Kirkland location will not only accommodate continued growth for the eight-year-old brokerage, but make life easier for existing agents and clients. “At this point it seems only logical to provide a service base on both sides of Lake Washington,” notes Wilson.

 

Windermere Property Management Kirkland can be reached at Tel. 425-213-1300 or www.windermere-pm.com.

 

About Windermere Real Estate

Windermere Real Estate is ranked the largest regional real estate company in the Western U.S. with over 300 offices and 7,000 agents serving communities in Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Mexico. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Celebrating its 25th anniversary this year, the Windermere Foundation has contributed more than 26 million dollars towards improving lives in the communities where we live and work. For more information, visit www.windermere.com.

Windermere Property Management to Open in Kirkland

No Comments
Windermere Property Management KirklandSeattle based Windermere Property Management/JMW has announced its expansion to the Eastside. Windermere Property Management Kirkland is slated to open in October inside the Rose Hill Plaza Building at 12801 NE 85th Street.

 

The new office will initially be staffed by five agents from the firm’s Seattle location who offer extensive Eastside expertise. Christie Rice, Jay LaBrie, Jennie Ugaitafa, Mandy Lane and Christian Dema are long-term Eastside property managers as well as residents.

 

“The decision to expand our footprint was in recognition of where much of our management portfolio has grown,” comments J. Michael Wilson, Owner/Broker. Wilson believes the Kirkland location will not only accommodate continued growth for the eight-year-old brokerage, but make life easier for existing agents and clients. “At this point it seems only logical to provide a service base on both sides of Lake Washington,” notes Wilson.

 

Windermere Property Management Kirkland can be reached at Tel. 425-213-1300 or www.windermere-pm.com.

 

About Windermere Real Estate

Windermere Real Estate is ranked the largest regional real estate company in the Western U.S. with over 300 offices and 7,000 agents serving communities in Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Mexico. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Celebrating its 25th anniversary this year, the Windermere Foundation has contributed more than 26 million dollars towards improving lives in the communities where we live and work. For more information, visit www.windermere.com.