Scanlan, 68, says that since the locally based firm launched its SKB Investors Fund this year, "I'm often asked who will eventually succeed me as CEO." Naming the 40-year-old Gooding as president answers that question, Scanlan says.

Gooding came to SKB in 1996 from GE Capital Investment Advisors, where he was a VP of acquisitions, based in San Francisco. Before that, he was a senior real estate analyst with CB Commercial (now CB Richard Ellis) in San Francisco.

Gooding's promotion follows the launch of SKB's first fund, which is expected to take in $100 million of equity from individual and institutional investors. Over the past 18 months, SKB has bought and sold $790 million of investment real estate and provided equity for $896 million of new development in the Western US.

Most recently, in September, SKB acquired the 28-building, 466,634-sf EastRidge Business Park in Vancouver, WA, for $62 million. In August, it acquired the 226,092-sf Trolley Square retail center in Salt Lake City for $38.6 million with plans to invest an additional $54 million to expand the center and add a residential component.

Founded in 1993, SKB owns Portland-area holdings including 536,000 sf of the Amberglen Business Center in Hillsboro, the historic Jackson Tower office building in Downtown Portland and the Uptown Shopping Center in Northwest Portland. On the development front, SKB is providing equity for five luxury high-rise residential condominium developments under construction in Los Angeles, Portland and Bellevue, WA.