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Aug 18, 2023
Bascomb-Green
Nicole Bascomb-Green has been appointed by Gov. Jay Inslee as the new chair of the Washington State Housing Finance Commission. Bascomb-Green takes over the role from Bill Rumpf, who remains on the commission as a public member. The August 24 meeting will be her inaugural meeting as the new chair, after two years as a commission member. Currently head of Umpqua Bank’s Community Lending Division and owner/operator of Bascomb Real Estate Group, Bascomb-Green has over 30 years of experience in the banking, real estate, and non-profit industries. In her business serving homebuyers and sellers, as well as in her volunteer commitments, Bascomb-Green prioritizes education and building community health and generational wealth for historically marginalized communities, especially the Black community. In 2020, she became president of the Western Washington Realtists, the local board of the National Association of Real Estate Brokers (NAREB). She is also assistant vice president for NAREB’s Region XV. Created by Black real-estate professionals, NAREB is the oldest minority trade organization in the country. In addition, Bascomb-Green is a team member of the Black Home Initiative, the secretary of the Northwest Multiple Listing Service, and a board member for multiple organizations, including homeownership nonprofit HomeSight, the Urban League of Metropolitan Seattle, and the UW Consulting and Business Development Center. She holds a master’s in business administration and a bachelor’s in marketing and is a member of the Delta Sigma Theta Sorority, Inc. Rumpf has led the commission board since June 2020.
Waters
Global energy storage platform provider Powin named Jeff Waters as CEO and board member, effective immediately. Waters will replace Geoffrey Brown, who has been the company’s CEO since 2016. Brown will transition to strategic advisor and remain a member of the board. Waters joins Powin after most recently serving as CEO of Maxeon Solar Technologies, where he led the company’s spin-off from SunPower. Prior to Maxeon and SunPower, Waters held other CEO and senior leadership positions in the electronic materials and semiconductor industries, with global experience in manufacturing, sales and marketing, and product development. Oregon-based Powin offers fully integrated battery storage solutions, software, and services to optimize grid performance and enable the transition to cleaner energy sources.
Bellevue-based CoreStack was named to the 2023 Inc. 5000 list of America’s fastest-growing private companies. Of the 5,000 businesses on Inc.’s list. CoreStack was the 835th fastest-growing company, the 120th in Software, the 10th best performing company in the Seattle area, and the 12th in Washington. The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital and hiring challenges. Inc. Business Media is a multimedia brand for entrepreneurs. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. CoreStack is an AI-powered NextGen Cloud Governance platform, and is a Microsoft Azure (Legacy) Gold Partner, Amazon AWS Technology Partner with Cloud Operations Competency, Oracle Cloud Build Partner, and Google Cloud Build Partner.
Aug 17, 2023
Multifamily firm Security Properties recently announced some changes in the executive suite. Bob Krokower leaves his seat as CFO and CEO to become vice chairman of the board of directors. Board chairman Paul Pfleger said in a statement, “Bob has done an outstanding job recruiting and developing the talent within our company as CEO.” Taking that latter position is Dan Byrnes, who added, “I am enormously grateful to Bob for laying a solid foundation for our future.” Both have been with the company for some two decades. Lastly, Jason McKinley has been promoted to chief operating officer. The firm is active nationally, with its most prominent local project now under construction being the 29-story Confidential (pictured), in Belltown.
In its ongoing partnership with Schuur Brothers Construction, Corliss Management Group announced the start of another phase at Sunrise, south of Puyallup and east of Frederickson, which has the working title of Area 26. That’s to add another 64 apartments to the much larger and continuing Sunrise effort, which spans about 1,467 acres. (Planning began there in the 1980s.) Completion for Area 26 is expected next year. Eric Corliss said in a statement, “As we witness the changing landscape of the housing market, we recognize the importance of diversifying the types of homes we offer within our community. We aim to develop and provide housing that supports the various stages of life that people experience.” Pierce County long ago approved the creation of over 4,000 units at Sunrise; some completed portions have since been sold.
Up in the U District, Greystar completed its 21-story Accolade student housing tower last autumn, and its 597 beds have been filling up ever since. And earlier this month, Affinius Capital announced that it secured new loans for that and a similar new development near the University of Oregon. Accolade’s $74 million came from GIM Commercial Mortgage Loan Fund LP, which is associated with JPMorgan Asset Management. The same lender supported the 582-bed Oregon project, for a total of $162 million, said Affinius. Its Harris Neuberg said in a statement, “Higher education has historically fared well during times of economic uncertainty, and the purpose-built student housing sector continues to demonstrate remarkable resilience in today’s market.” Affinius also disclosed that Greystar’s partner in both projects was Tikehau Star Infra. (There was no recorded construction loan for Accolade, which was designed by Weber Thompson and built by Exxel Pacific.) Affinius is, as of March, the new moniker for the merged USAA Real Estate and Square Mile Capital.
A trio of experienced developers has launched a new investment and development firm, Fourth Avenue Capital, which instantly has a portfolio resulting from the recent combination. Brian Betts, Davis Vaughn and Chris Rossman come from Wolff and Security Properties, and they said in an early-August press release that they now own or manage 17 properties with over 1,000 units (or beds). They value those assets at over $225 million. Looking ahead, they value future developments or investments at $125 million, working in what they term the middle market. Vaughn said in a statement, “We will continue to take advantage of the pricing inefficiencies in the middle market and build a durable portfolio of high-quality real estate.” The company website lists multifamily properties reaching from Arizona to Oregon to our market. One example is the 20-unit Calabria at Talus in Issaquah (pictured), acquired two years ago for almost $9 million.
Shulkind
Renton Downtown Partnership (RDP) named Joshua Shulkind as executive director. Shulkind will take over leadership of the partnership on Aug. 28. Shulkind joins RDP from Clover Park Technical College, where he worked as its grant development manager. Shulkind also served as the founder and executive director of Thrive Cities in Edgewood, where he recruited and led a four-person board of directors producing events. He spent two years at the Puyallup Food Bank, where he implemented the Navigation and Partnerships Program. The Renton Downtown Partnership is a nonprofit organization dedicated to promoting and enhancing the downtown district’s economic vitality, cultural vibrancy, and fostering collaboration between businesses, residents, and local government.
Owen
Tacoma-based TrueBlue, a provider of specialized workforce solutions, announced that Taryn Owen has been promoted to president and chief executive officer and a member of the TrueBlue Board of Directors, effective Sept. 12. Owen will succeed current CEO Steven Cooper. Owen has served as TrueBlue president and COO since September 2022. Over her 13-year tenure with TrueBlue, she has led the company through significant periods of growth, was instrumental in its pandemic response and recovery, spearheaded its digital transformation strategies and successfully led several acquisitions and substantial international expansion. Owen has been recognized for her industry leadership, including annual appearances on the Staffing Industry Analysts’ Staffing 100 and Global Power 150. Cooper initially retired as TrueBlue CEO in 2018 and went on to serve as chairman of the board. Over his 25 years of service, Cooper led TrueBlue’s transformation from a general labor staffing business to a specialized workforce solutions provider. In June 2022, he stepped back into the CEO role and will now serve in an advisory capacity through December, when he will retire from the company. Additionally, Paul Reitz recently joined the TrueBlue Board of Directors. Reitz is the CEO of Titan International and a member of its board of directors. Reitz joined Titan as chief financial Officer in 2010 and was later promoted to president in 2014, and then CEO in 2017.
Portland-based Eclypsium, a supply chain security company protecting hardware, firmware, and software products and technologies, appointed John Ewert as chief financial and operating officer, and Chris Radosh as vice president of business development and global channels. Ewert has over 25 years of experience in enterprise technology. Prior to joining Eclypsium, Ewert held chief financial and operating officer positions at SheerID, Corpay, and AWS Elemental. Ewert earned his MBA from the University of California, Berkeley. Radosh will be responsible for managing Eclypsium’s partnerships and alliances, as well as the company’s Global Partner Strategy. Radosh brings over 30 years of experience managing and growing global technology businesses. Prior to joining Eclypsium, he held several executive roles at Trend Micro, most recently as president & COO of Trend Micro Federal. He previously served as COO at TippingPoint, a network security business within Hewlett Packard Enterprise. Radosh has also held various executive roles at Borland Software, FIS Global, Motorola Semiconductor, and Sun Microsystems. He is a member of the National Association of Corporate Directors.
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