Jun 13, 2024

Kidder Mathews

Gurry

Dahl

Veteran brokers Dan Dahl and David Gurry have left Colliers after 17 years with the firm. Kidder Mathews announced its talent raid last week. Gurry said of the post-pandemic market, “After the events of the last four years, we are prepared to capitalize on a market that stabilizes and recovers.” Dahl added, “We are excited to join Kidder Mathews and be part of the firm's collaborative team of veterans, recognized in the industry as best in class.” KM says that, “despite the current choppy environment in commercial real estate,” it has added 26 new brokers to our region since January 2023. At the same time, the brokerage says it recently signed a new 10-year lease at Two Union Square, where it will move this summer to a lower level, consolidating operations on one floor with slightly less space. KM has been in the building for some three decades.

Capital One provides $47M for White Center project

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Community Roots Housing and the White Center Community Development Association broke ground last month on their White Center Community HUB, which is to include 76 affordable units, plus services provided by local partners. Now follow some financial details from Capital One, which provided a $23.4 million construction loan. It also made an equity investment of $23.2 million via the federal low income housing tax credit program, or LIHTC. The bank's James Chase said in a statement, “Financing the creation of new affordable housing is an important part of advancing King County's goal of reducing housing cost-burden among low-income households.” From Community Roots, Chris Persons added, “This development embodies our vision to provide stable, affordable housing and supportive services for residents across this community.” Units will be affordable to households earning in a range from 30% to 60% of area median income. Marpac is the builder of the midrise project, and Side x Side Architects the designer. The goal for completion is autumn 2025.

Kidder Mathews

French

Erin French has been promoted to president of asset services at Kidder Mathews, the firm announced this week. She's been with the firm for two dozen years, and will now oversee a division spanning most of the West Coast. That portfolio encompasses about 800 buildings with 55 million square feet, including the Amazon-leased 555 Tower in Bellevue. French said in a statement, “Kidder Mathews has always prioritized a client-centric approach, and that has driven our growth.” KM's Bill Frame added, “Her strategic insights and client-focused approach have consistently delivered exceptional results, and we look forward to her continued impact as president.”

CBB names new broker

Coldwell Banker Bain announced that Jarred Mahon will join its Lake Union office. He makes the move from Malsam Tsang Structural Engineering. He formerly served in the U.S. Marine Corps, and graduated from Seattle University with magna cum laude honors in civil engineering.