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SEATTLE- L.J. Melody & Co., a national real estate investment banking firm, hasarranged a permanent loan in the amount of $56.6 million for the 4th and BlanchardBuilding in Downtown Seattle.

The 398,500-sf property was built in 1979 and includes major tenants such as First American Title, Kemper Insurance, The Washington State Bar, and Metropolitan Travel.

Bear Stearns provided the funding on behalf of Selig Real Estate Holdings Fivethrough David Stinebaugh and Michal Makar in the Seattle office of L.J. Melody &Co. Selig Holdings Five is controlled by Martin Selig, a locally-basedoffice developer whose portfolio totals approximately 2.5 million sf.

L.J. Melody & Company, a Houston-based, CB Richard Ellis company, is one of the largest realestate investment banking firms in the United States. In the past two years the firmarranged $15 billion in commercial real estate transactions nationwide.

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