NBS Companies Announce Top Producers of 2014

From Left to Right, Front Row: Jennifer Medak, Ken Griggs, John Medak, Traci McCauley;
Back Row: Robert Black, Scott MacLean, Sean Turley 

Norris, Beggs & Simpson Companies announced its top producers of 2014 at the commercial real estate firm’s annual Awards Banquet on January 24.

Rounding out NAI Norris, Beggs & Simpson’s Top 5 Producers, Senior Vice Presidents Jennifer Medak and John Medak, who specialize in office sales and leasing, earned top honors as #1, and were also the company’s leading dealmakers for the year, which is measured by the number of transactions closed. Multifamily investment sales broker and Senior Vice President Robert Black was named #3, having been the Top Producer for the past two consecutive years. Senior Vice President Scott MacLean, an expert in the leasing and sales of industrial/flex properties, ranked 4^th and downtown office broker and Senior Vice President Sean Turley came in 5^th.

Vice President and Certified Property Manager Traci McCauley, who manages an impressive portfolio of several industrial properties, was NAI NBS’ Property Manager of the Year. She previously won this honor in 2007 and 2008.

President Ken Griggs was NBS Financial Services’ Finance Officer of the Year, as well as the overall top producer in the entire company.

The event also highlighted production across the company in 2014. NAI Norris, Beggs & Simpson’s brokers completed 755 deals worth over $413.3 million, sold 3.2 million sf and 182 acres, and leased 4.2 million sf. Its property managers managed 12 million sf, 147 acres and 1,334 residential units all valued at $1.8 billion. NBS Financial Services originated 75 loans worth over $560 million, and the loan servicing department serviced approximately 382 loans valued at $1.8 billion.

As a Partner in the company, Ken Griggs has been in the real estate investment industry since 1984. He joined NBS Financial Services in 1993. In 2014, he closed 28 loans grossing more than $249 million. This includes the $41.74 permanent construction financing for Pearl West, Portland’s first speculative office building post-recession.

John Medak began his career at NAI Norris, Beggs & Simpson in 1998 after working for CB Richard Ellis in the Bay Area. He then teamed up with his sister, Jennifer Medak, who joined the firm in 1999 after an established career with Colliers International. Together, they’ve been honored as Top Producers multiple years and in 2014 they grossed approximately $86 million in total deal consideration. They completed Umpqua Bank’s 70,000 sf lease renewal, Interface Engineering’s sublet at First and Main and also represented the landlord for over 100,000 sf at Nimbus Corporate Center.

Robert Black has been a member of NAI Norris, Beggs & Simpson’s Capital Asset Group since 1999. He was Top Producer in 2012 and 2013. In 2014, he brokered the sale of the historic 52,379 sf Sovereign Hotel as well as the $1.64 million dollar sale of the Overland Warehouse Company building. It was a very successful year as he grossed approximately $18 million in total deal consideration.

Scott MacLean joined NAI Norris, Beggs & Simpson in 1996 and has since represented many large industrial tenants. In 2014, he grossed approximately $118 million in total deal consideration which included his Rite Aid Lease renewal for 500,000 sf and his $3.6 million dollar sale of NW 16^th & Overton.

Sean Turley joined NAI Norris, Beggs & Simpson in 1999 and has been a frequent Top 5 Producer. He was recognized as the company’s Top Producer in 2010. In 2014,  he brokered the 90,000 sf lease renewal of ADP Plaza and the 10,000 sf lease for Gordon & Rees Law Firm at Bank of America Financial. 

Traci McCauley joined NAI Norris, Beggs & Simpson in 2000. She is a Certified Property Manager (CPM) and a Certified Green Broker, as well as a licensed broker in Oregon and Washington.  As a three-peat Property Manager of the Year, she oversees approximately 2 million sf of industrial properties.

NBS Financial Delivers $11.3M Refi

NBS Financial Services’ Senior Vice President Wally Harding and Finance Officer Mick Stapleton have arranged $11.3 million in refinancing for Northpointe Office Plaza, a 108,432 sf office building. NBS Financial represented the lender, Genworth Life Insurance, as well as the borrower, Northpointe Office Building, LLC.

Northpointe Office Plaza 

Built in 1995, Northpointe Office Plaza is located at 605 E Holland Avenue, just north of downtown Spokane and part of the growing Wandermere suburb. It is fully leased with both traditional office and medical users. Over the past few years, Wandermere has become a major attraction for new office and retail development.

“The borrower had an existing loan maturing soon,” explained Wally. “Northpointe Office Plaza is a typically sought after mortgage investment for many of our lenders, especially newer properties in very good locations. As Genworth’s leading national producer for 2014, we were able to deliver the refinancing with quick turnaround.”

With the building 100% occupied and a sufficient remaining term on the tenants’ leases, Harding and Stapleton were able to structure a 20-year term and 20-year amortization.