This week in the North West region, most of the news is focused in the San Francisco and Seattle areas. Check out all the news you might have missed below.—Natalie Dolce

BY THE NUMBERS

OAKLAND, CA—According to a recent report from John Cumbelich & Associates, the retail occupancy rate in Grand Lake ended Q3 at 98.27%, dropping from a historic 99.53% occupancy rate in Q2. The largest vacancy in the Grand Lake district continues to be the Grand Fare Market, which permanently closed in the middle of Q4 2016. The rest of Grand Lake's vacancies are comprised of sub 1,000-square-foot spaces owned by local landlords.

NEWS & NOTABLES

SAN FRANCISCO—Biederman Redevelopment Ventures, which creates and redevelops parks and public spaces all over the United States, has opened an office in San Francisco. Ashley Langworthy has been named Director of the BRV San Francisco office, located at 540 Howard St. BRV, which is based in New York City and also has an office in Boston, is establishing an office in the San Francisco area after being selected by The Transbay Joint Powers Authority to manage, operate and program Salesforce Park, atop the upcoming Salesforce Transit Center. The park is scheduled to open in April 2018.

SAN FRANCISCO—Pipkin Marsh Advisors founder Kim Pipkin revealed recently that Gary Marsh, a partner in the community engagement, marketing and public relations firm, has joined The Society of Industrial and Office REALTORS (SIOR) Foundation Board of Trustees for a three-year term that went into effect last month. The beginning of the term coincided with SIOR Global's annual fall summit which ran October 25-28 in Chicago and had more than 850 registered attendees for the conference. SIOR is the world's largest associations of commercial real estate brokers.

SAN FRANCISCO—Sack Properties, a San Francisco-based real estate investment and management firm with AUM of over $500 million, has promoted their chief financial officer Jeff Smith to president. Smith joined Sack Properties in 2001, and as CFO has been responsible for corporate finance, accounting, reporting, and overseeing all acquisition activities. Jeff also served as the firm's controller from 2001-2007. In his new capacity, Smith will be taking on a larger leadership role in the growth of the company.

DEAL TRACKER

EVERETT, WA—Brixton Capital recently purchased a 490,949-square-foot shopping center, located at 1402 SE Everett Mall Way in Everett, WA, for an undisclosed price. The Everett Mall is comprised of a mix of national, regional and local tenants, including anchor and junior anchor tenants Regal 16 Cinemas, LA Fitness, Burlington Coat Factory, Sears, Party City and ULTA Beauty. Everett marks Brixton's seventh acquisition this year and its fourth mall acquisition in the last 18 months.

HILLSBORO, OR—Capital Pacific recently closed on the $39.75-million, 212,363-square-foot Wells Fargo Building in Hillsboro. Capital Pacific represented both sides of the transaction and it was one of the largest commercial (non-multi-family) investment sale to take place in Washington County this year.

BUILDING BLOCKS

SEATTLE—Hughes Marino, the national flagship brand for providing commercial real estate services, exclusively for tenants and buyers, has unveiled the design of its latest office in Downtown Seattle to the public this month. The company opened their Seattle office in early July, and is one of many companies recently expanding to the Seattle market, as it has rapidly become the fastest growing city in the country. Located on the 25th story of the Russell Investments Center, Hughes Marino's Seattle office offers stunning views, from the breathtaking scenery of Mt. Rainier to the Olympic Mountains, to panoramic sights of the Puget Sound and the energetic Seattle waterfront below.

This week in the North West region, most of the news is focused in the San Francisco and Seattle areas. Check out all the news you might have missed below.—Natalie Dolce

BY THE NUMBERS

NEWS & NOTABLES

DEAL TRACKER

BUILDING BLOCKS

Instant Insights /

Middle Market Digest: This Week in the North West

Related Stories

Recommended For You