Jun 27, 2024

Kidder Mathews embraces Idaho

Smart

Schoen

Kidder Mathews announced a new office in Boise this month. It's to be led by experienced retail brokers Sherry Schoen and Kasey Smart, who both make the move from Newmark. The 20-year veteran Schoen said in a statement, “I'm thrilled to have the opportunity to help expand Kidder Mathews' presence in the west. I did not take this decision lightly. Kidder Mathews is the perfect fit, and embodies the very best in the industry today.” The firm's CEO, Bill Frame, added, “This strategic expansion highlights our ongoing growth and commitment to new markets.”

NAIOP tours Bellevue towers

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Mark Thursday, July 11 in your calendars as a good day to visit downtown Bellevue with NAIOP, which is leading an afternoon tour of some brand-new office towers. The final itinerary may expand, but you can expect to visit the Four106 project from Patrinely Group and Dune Real Estate Partners; that's nearing completion, and should open next year. Already half-full with Amazon workers is 555 Tower, from Vulcan Real Estate, which the tenant has also dubbed Sonic. That's the city's tallest structure. Also newly complete is The Eight, from Skanska, where Pokemon is the lead tenant. You can also expect to visit the recently opened Downtown Bellevue Station. Before the walk, which ends in a happy hour, there will be a panel chat from Mo Malakoutian from the city of Bellevue, architect Steve Erickson of SABA+BA and Mary Fialko from Skanska. Details and registration: naiopwa.org.

Stanley-Jones joins Midwest Trust

Stanley-Jones

Trusts often figure in real estate deals, and Midwest Trust has been in the field for three decades. It's based in Kansas, and has an office in Bellevue that Susan “Susie” Stanley-Jones recently joined. She has three decades of experience as a financial and investment management analyst. David Yost leads Midwest Trust, and said of its new hire, “We are thrilled to have Susie lead our Washington team. Her experience, expertise and business acumen make her an invaluable addition to our leadership and a significant asset for our clients.” Stanley-Jones makes the move from Washington Trust Bank. She added, “I was drawn to Midwest Trust by its client-first-focused culture. The organization offers the flexibility to effectively work with a diverse range of clients who each have their own individual needs.”

Thrive partners with Bilt

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Thrive Communities you know a multifamily property manager, with its headquarters in Seattle. It's related to Rise Properties Trust, but also manages buildings outside the Rise portfolio. (One example, the new Madrone, is pictured.) Bilt Rewards may be less familiar. Based in New York, it's a real estate payments and rewards platform — analogous to credit card rewards programs or frequent flier points. Thus, Bilt and Thrive announced a new alliance earlier this month, which will allow residents in Thrive-managed buildings to “earn rewards and get access to exclusive benefits on their rent and spend in the neighborhood on dining, rideshare and more. The Bilt Points they earn can be redeemed for travel across hundreds of airlines and hotels, fitness classes, shopping, and even future rent payments.” (Interestingly, Bilt also announced a partnership with Alaska Airlines in recent months, which will benefit Thrive tenants.) Thrive's William Jarrell said in a statement, “Our partnership with Bilt aligns well with our initiative to transition to digital payments. With Bilt, Thrive is on track to reach 100% online payments by incentivizing residents with additional rewards, following a model used by major airline and hotel loyalty programs.”