Local Maritz Top Candidate to Replace Ballmer as Microsoft CEO

Paul Maritz of Mercer Island is a top candidate to replace Steve Ballmer as CEO of Microsoft. He was with Microsoft from 1986 to 2000. His last position was executive vice president of the Platforms Strategy and Developer Group. He was part of the 5-person executive management team and, according to Wikipedia, was the third-ranking executive behind Bill Gates and Steve Ballmer. He was responsible for most of Microsoft's desktop and server software, including Windows and Internet Explorer.

From Brier Dudley’s 9/24/13 column in The Seattle Times:

“Fortunately for Microsoft and the future health of the Puget Sound economy there are two strong contenders to replace outgoing Chief Executive Steve Ballmer — one at hand and the other nearby.

. . .

“The obvious nearby candidate is Paul Maritz, a Zimbabwe native who led Microsoft’s platforms business and developer relations when he left the company in 2000 after a 14-year run.

“Maritz went on to lead strategy at business computing giant EMC and serve as chief executive of Palo Alto, Calif.-based virtualization pioneer VMware, but all the while kept his home on Mercer Island.”

Maritz’s local mansion is on the southwest point of Mercer Island near Paul Allen’s campus/compound. A previous post with more information about Maritz and his career and accomplishments was on 2/22/12.

Steve Ballmer’s local mansion is on the east side of Hunt Point adjacent to and south of the McCaw’s, formerly Kenny G’s, compound. Previous posts about Ballmer were on 5/23/12 (Forbes article about worst CEO) and 11/17/10 (Ballmer mansion).

$6.3 M Mercer Island Mansion Sells in 2 Months – James to Myers

High end Lake Washington waterfront sales are picking up! This mansion sold 11/28/12 for $6.6 million. It sold for close to the listing price and in less than two months after it was listed for $6.9 million by Tere and David Foster, Windermere: “The estate stands proud as you enter the gates to this luxurious residence placed on a shy half acre in one of the most sought after communities on Mercer Island. Soaring ceilings, marble & wrought-iron anchor grand spaces for entertaining. The open floor plan creates a sense of ease for formal or casual gatherings. A grand master suite with large walk-in closet and spacious bath provides an escape. Game and movie nights in the entertainment wing with its’ own kitchen. Waves roll up on the private beach, as you enjoy jewel-tone sunsets & the glow of the city lights from downtown Seattle and Bellevue. Mature lawns host garden parties, with an outdoor kitchen and expansive patio. A perfect spot for Seafair, with an amazing dock & surely one of the best positions on the lake.”

The sellers were Greg and Carol James. Greg is the Founder and CEO of Renton based TOPICS Entertainment. The company is the largest privately held multimedia publisher in the United States. The buyer was Andrew C. Myers. The mansion is 7,730 sq ft on 0.5 acres with 75 feet of waterfront. In 2007 and 2008 the mansion had a famous sign on its dock regarding the mansion under construction next door. More information about the sign and the neighbors, the Justin Graham family, and their architect, Eric Cobb, is in the following 4/23/13 post below.

Famous Sign – Mercer Island North End – Graham – Cobb – James

The above famous sign was displayed for approximately two years (2007-2008) while a mansion was under construction on the north end of Mercer Island. Pictures similar to the one above appeared in national publications and Internet blogs. The mansion on the left was built for Justin Graham, the architect was Eric Cobb and the owners of the mansion next door, who were displaying the sign, were Greg and Carol James. The Graham house was completed in 2010 and the neighbors, the architect and the kids became friends. The NW point on MI where the homes are located is somewhat perilous for stranded boaters. The prevailing north wind in the summer will occasionally blow disabled boats into the docks of these homes. Greg said he and Justin often worked together to assist boaters who were being blown into their docks.

Justin is President of Seattle based Grakon International Inc (aka Grakon, LLC). The company is a “Global Leader in the Design & Development of Advanced Lighting Systems & Engineered Trim Components for Premier OEM Vehicle Manufacturers.”

Eric Cobb is the Principal of Seattle based E. Cobb Architects, Inc. The firm has received numerous awards and is nationally renowned for innovative design. From their web site: “. . . a commitment to modern design. An abstract vocabulary enables extraordinary and decisive manipulations in form, space and light. The work is abstract, open, fluid, light, and deliberately detailed.”

2013 Photo of Home

The above picture was among 24 pictures of the Graham mansion featured in the July 16, 2011, edition of homedsgn.com. The mansion is 6,270 sq ft with 76 feet of waterfront on 0.5 acres. The Jameses sold their mansion in 2012 (see the previous 4/22/13 post above).

$11 Million Mercer Island Mansion For Sale - Burtenshaw

  This mansion was listed this week (April 2013) for $10.9 million by Wendy Lister and Kirsten Paulsen, CBBain: “A Vassos Demetriou Tour de Force. An unforgettable treasure of 178' of pristine waterfront on a coveted double lot with gated entry. A dramatic, yet elegant floor plan awaits you at this Contemporary Masterpiece that will impress the most sophisticated home aficionados. For the first time available on the market, this Custom home offers premium finish work & a symphony of entertaining spaces that embrace the beauty of the Pacific Northwest. All 5 bedrooms are en suite. Yachts are welcome.” Vassos Demetriou is a renowned Kirkland based architect. He was the architect for Charles and Karen Lytle’s new Hunts Point home (p 157 and LW Cruising Hunts Point Southeast – Cozy Cove – Mansions).

  This property is owned by Jerry D. and Angelina Burtenshaw. During the late 1950s and early 1960s Jerry learned the restaurant business from his father opening restaurants under a variety of names throughout the PNW. He later became in charge of Alpine-Burtco, an international catering and concessions company. The company is the concessionaire for Safeco Field (Mariners), the Tacoma Dome and the former Kingdome. Jerry and Angelina created the UW School of Medicine Jerry and Angelina Burtenshaw Scholarship to provide financial assistance to medical students. He received the Dean’s Distinguished Leadership Award from WSU, his alma mater, for leadership and financial contributions to the university. This new mansion was custom built with a top-of-the-line security system and is 9,790 sq ft on 0.9 acres with 178 feet of waterfront.
The mansion is 1/3 mile south of the Boulevard Pl Mansion (previous post).

Mercer Island Boulevard Pl Mansion Sale $13 Million

This mansion sold 11/21/12 for $13.3 million. This property, known as “The Boulevard Place Mansion,” was featured in Seattle Mansions posts on 8/31/11 and 10/21/10. It was listed for sale at $28.8 million in 2010, lowered to $19 million in 2011 and an auction on 8/30/11 failed to attract the minimum bid of $15.5 million. The mansion was listed by Kris Robbs, Ewing and Clark, “Unique property takes advantage of 1.6 acre, street to Lake prize. Two-inch limestone floors extend from entry, spill down terrace around the in-ground pool & hot tub. Impressive 164' westside waterfront ready for speed boat, Seadoos & yacht. Soaring ceilings, balcony, warm wood office & leaded glass doors, with state-of-the-art theater & 9.1 surround. Two outdoor Viking BBQ complement gourmet kitchen. Escape to romantic master suite, spa bath with aroma/chroma therapy So many divine finishing details!”

The living area is 13,636 sq ft with 7 bedrooms, 11.25 baths, theaters, multiple kitchens, wine cellars, and 8 washer-dryer rooms. There is additional covered non living areas and resort-style features including a 120” plasma TV rising from the edge of the pool. The sellers were David and Becky Sandwith and the buyer was a trust. The Sandwiths purchased the lot for $5.4 million in 2004 and construction commenced. They reportedly had a total of about $30 million invested in the property. David, his parents and siblings sold Kent based Mikron Industries, a manufacturer of high tech window components, for $205 million to Quanex Corporation in 2004. The $28.8 million 2010 listing was the most expensive King County MLS listing at the time. The property is one-half mile north of Paul Allen’s compound and on page 59 in Lake Washington 130 Homes.

Landmark Historic Mansion Sale - Mercer Island East Channel 2012

This landmark historic mansion sold for $5.3 million in December 2012. It was listed for $8.0 million in 2011, taken off the market later in the year and relisted in 2012 for $6.8 million. From the listing by Bob Bennion and Mary Snyder, Windermere “Recently refurbished estate property on 2.96 acres with lovely grounds, 175ft no-bank waterfront, and lake and mountain views. Stately 1934 Colonial designed by Edwin Ivey offers gracious interiors with exquisite millwork and hardwood floors. Entry with curved staircase; library; study; granite kitchen; paneled family room; officesuite; 5 bdr and 7+ bth, including gorgeous master suite & waterfront guesthouse; 3 fireplaces. Sweeping lawns, mature plantings; dock; 4-car garage.” The sellers were David R. and April Humphrey, the founders of Seattle based ILD Global. The buyers were Tso Ling and Shiang Wen Su. Tso Ling Su is the owner of Bellevue based Su Development, an apartment building developer.

This 7,400 sq ft mansion was built in 1934 in Seattle’s Madison Park on William Garrard Reed’s early 1900s waterfront estate (The Reed Estate). This Reed was the son of the 1^st Reed, Mark Edward, to run Simpson Investment. Simpson Investment is one of the largest property owners and family owned companies in the state. The Madison Park estate, a multi-mansion family compound, was that era’s version of the current Gates and Allen compounds. The estate is now a gated community of nine homes including Howard Schultz’s mansion (11/3/11 Seattle Mansions post). One of the original mansions (page 22 of LW 130 Homes), that is architecturally similar to this MI mansion, remains. It is occupied by William Garrard’s great nephew, Colin Moseley. Colin is now Chairman (fourth generation of family leadership) of Simpson Investment. When the Reed Estate was subdivided in the 1940s one of the mansions was cut into three pieces and barged to this Mercer Island location.

The sellers of the estate, David R. and April Humphrey, co-founded ILD Global in 1995. David, a retired Medical Doctor, is President and CEO and April is VP. The company is a business development and consulting enterprise and conducts frequent conferences, conventions and business development seminars locally, regionally and nationally for business owners. April is President of Women of Washington (WOW).

This is the former home of John J. and Emma Bonica. John, who died of a stroke at the age of 77 in 1994, was a world-renowned anesthesiologist and UW professor. He helped pioneer anesthesiology as a specialized field of medicine, was founder and chairman of UW’s Department of Anesthesiology and published numerous articles and books on the subject. Dr. Bonica was born in Italy. He came to New York City with his family when he was 11. His father died four years later and he became the major breadwinner for the family. He competed in wrestling while in high school and won both the New York City and state championships. Later he worked his way through college and medical school by wrestling professionally under the pseudonym “Johnny (Bull) Walker”, was the “Light Heavyweight Wrestling Champion of the World” and is in The Wrestling Hall of Fame. He continued to wrestle while in the army but concealed his military identity by becoming, in the ring, the “Masked Marvel.”

Ellison (Value Village) from Stroum-Glazer

Sold 2012 $21.6 Million “Harmony” - Under Renovation

This landmark compound, “Harmony,” sold in 2012 for $21.6 million. This was the most expensive LW Map of the Stars® waterfront sale in 2012. It was listed at $26.9 million by Tere and David Foster, Windermere. From the listing: “Resting gently on 2.93 acres, Harmony commands an extraordinary 324 feet of Lake Washington waterfront and sets its vista on the Seattle skyline and Mount Rainier . . . Waves roll gently up on the beach as the sun shines down on two private docks. . . [nearly 20,000 square feet in 4 buildings]. . living wing plays host to the grotto, saline pool and exercise areas. Upstairs two guest suites each with their own bath and walk-in closets . . . private outdoor spa . . . A world like no other.” The listing was featured in a 3/20/11 Seattle Mansions Blog. The seller was Marsha Stroum Sloan Glazer. The buyer was Thomas Ellison, the principal owner of the Value-Village/Savers chain of stores.

This is considered, second to Paul Allen’s campus, the premier property on Mercer Island. The flat (“low bank" in Realtor terms) large combined parcel faces west on the “50 yard line” for Seafair. It is less than one mile from the I-90 West Mercer exit/entrance which puts the residents five minutes from downtown Seattle.

Permits were issued in February to demolish three homes (total 8,260 sq ft) on the compound. The main 11,300 sq ft mansion will remain. Plans for the replacement buildings have not been submitted.

Marsha and her family are respected Seattle area philanthropists. The Stroum name is on many prominent arts, medical, education and community buildings and halls in the Seattle area. Benaroya Hall, University of Washington, Fred Hutchison Cancer Research Center and the Stroum Jewish Community Center of Greater Seattle on Mercer Island are most notable. Marsha hosted many charity galas in her (this) former MI estate.
Ellison’s father, Bill Ellison, was the founder of Bellevue-based Savers, Inc. The company is an international chain of thrift stores and operates under the name of Value Village in the PNW. Thomas Ellison’s sister, Debbie, and her husband, John E. Bacon, purchased the legendary Groat Point mansion from Bruce McCaw in 2011 and demolished all the buildings including the 14,000 sq ft main mansion (2/21/13 Seattle Mansions Blog). Thomas Ellison and the Bacons own a mansion about a seventh of a mile to the northeast of Groat Point in Meydenbauer Bay that is for sale for $8.9 million (5/20/11 LW Cruising Blog).

Seattle’s Seafair 2012

 

Lake Washington is famous for Seattle’s Seafair summer celebration. This is a month long festival of many activities throughout Seattle and ends the first Sunday in August. The final four days feature hydroplane races and the Navy’s Blue Angels’ air shows. The hydroplane races are on the west side of the lake south of the I-90 floating bridge. The Stan S. Sayres Memorial Park, known as the “Sayres Pits” was established here in 1957. The pits are the launching, service and staging area for Seafair’s hydroplane racing boats.

The air show’s center is this area over the lake. The planes and their stunts can be seen from much of the lake and its shores. During these four days the lake is crowded with spectator boats and the lake is renowned for the associated “floating party” or “Mardi Gras on the water.” (See Seafair’s Water Party)

On Friday, Saturday and Sunday, August 3-5, The Navy F-18 air show begins at 1 pm and the Blue Angels performance starts at 1:30 pm. (More information about the Blue Angels.)

Stan Sayres (1897-1956) was known as “The Legend of Lake Washington” and “The Fastest Man Afloat.” He was selling and racing cars in northeastern Oregon in 1926 when he had his first experience with a power-boat. He purchased a wrecked 40 mph outboard engine racing boat and began racing, designing and building race-boats. He moved to Seattle in 1931 and in 1937 he bought a 91 mph racing boat that his wife named Slow Motion. Stan changed the name to Slo-Mo-Shun, often called Slo-Mo. Stan designed, developed and built new and faster Slo-Mos. He moved to Hunts Point in the 1940s and built a 6,860 sq ft house on the tip of Hunts Point. (The house was demolished in 2008 and the vacant lot was sold March 31, 2011 for $14.8 million [see previous post]). The neighbors in this sleepy community “enjoyed” (?) the roar and 30 ft rooster tails of his trials and practices.

He set his first boat-on-water speed record of 160+ mph in 1950 on LW and continued to set new records, all on LW, with his last at 178.497 mph in 1952. After his first record he took Slo-Mo IV to Detroit and won the 1950 Gold Cup, boat racing’s biggest prize. This was a big upset to the hydroplane establishment. Stan brought hydroplane racing to LW in 1951 as part of the Seafair. The first Seafair was in 1950 to celebrate the centennial of the first U.S.-European Seattle settlement. The 1951 race was the first U.S. hydroplane race west of Detroit and was a huge success. Stan became a local hero. The races are now a Seafair tradition. He received a lot of local backing for his racing against the Detroit establishment. Slo-Mo-Shun IV and V won the next four Gold Cups.

We live in the Proctor Landing area of Mercer Island directly across the lake from the pits and the center of the big show. We and nearly all of our neighbors have Seafair parties over the week-end. The planes fly low directly over our dock. After the air-shows we will be making trips with our new boat, Happy Hours, to join the spectator fleet for Seattle’s Mardi Gras. For Seafair facts and history, go to Seafair’s site.

Obama Mercer Island Advisor Joseph Schocken

Joseph and Judy Schocken’s Mercer Island Mansion

This modern mansion, 0.4 miles north of Paul Allen’s (12/28/10 post for viewing guide) campus/compound, is 5,400 sq ft on 0.87 acres with 200 feet of waterfront and a private beach. An information and viewing guide for the neighborhood is in a 2/27/12 “Cruising South Lake Washington” post.

President Obama selected Joseph Schocken from Mercer Island as an advisor for the Administration’s JOBS Act signed into law last month. A 4/7/12 feature article in The Seattle Times by Jon Talton has more information. Schocken attended the Rose Garden bill-signing ceremony.

Back in 2004 a 7/27/04 feature article in The Seattle Times by David Postman highlighted Schocken’s rise to the Democratic Party’s elite. Joseph and his wife, Judy, have raised millions of dollars for the Democratic Party. This includes fundraisers at their beautiful Mercer Island waterfront mansion. They have personally donated close to a million dollars over the years. They personally know the last three Democratic presidential candidates and spent weekends on Nantucket with John and Teresa Heinz Kerry during the Edwards-Kerry campaign. He is a member of the Democratic National Committee (DNC) and attends dinners with the Committee’s high-level National Advisory Board. The Board has about 30 members that are at the highest level of the Party. The Schocken’s four children are also political activists.

Joseph is president and founder (1987) of Broadmark Capital, LLC, a prominent Seattle investment bank. The firm has raised more than $1 billion for investment in more than 75 (and growing) regional businesses. Most of these are technology related and the investments can be for start-up or secondary stages. Bennett Environment, Optiva and Universal Access are some of the firm’s client companies. Joseph is on the boards of numerous companies.

Paul Allen’s Yachts

The 414 ft $200 Million Octopus

octopus-eventective.com

The 302 ft $162 Million Tatoosh

tatoosh-panoramio.com

The 199 ft $80 Million Meduse

meduse-yacht1-boatinternational.com

Paul Allen is known for many things and one of them is his luxury yachts. His largest ones are pictured above. He is reported to own over fifteen 50 ft+ luxury yachts. Two of them are tenders on the Octopus. The Octopus was in the national news, including The Associated Press/Seattle Times 4/4/12 article, for the yacht’s use in a South Pacific search for a missing U. S. pilot. The pilot was involved in an official pursuit of illegal fishing operations.

The Octopus when it was launched in 2003 was listed as the largest and most expensive privately owned yacht. The mega-yacht has two helipads with enclosed hangers, seven boats used as tenders and runabouts, two submarines, several personal watercraft (PWC – sometimes improperly called jet-skis), a pool, a basketball court, 13 staterooms and 26 crew cabins on seven levels with more than 50,000 sq ft under roof. The Bornrich site now has it listed at number nine and his Tatoosh at number ten in its list of the 16 top privately owned super-yachts. The top ranked private yacht is the $485 million 558 foot long Eclipse owned by Russian multi-billionaire, Roman Abramovich.

The price of the Octopus and Tatoosh are each more than the estimated and appraised $150 million value of his 10 acre, 100,000+ sq ft under roof, campus/compound on Mercer Island. This compound with a viewing guide was featured in a 12/28/10 post. More information on Allen’s super-yachts can be found by clicking on the links for the Octopus, the Tatoosh and the Meduse.

Nordstrom Waterfront Park – Mercer Island

 

This is the site of the Nordstrom family private waterfront park. From 1999 through 2009, James F. Jr (Jamie) and Lisa Nordstrom purchased, for $9.1 million, 4 parcels from the George W. Clarke estate and family. The last 3 undeveloped parcels, with 300 ft of waterfront on 1 acre, were acquired in 2008 and 2009. The mansion, up the hill, is 5,140 sq ft. The waterfront has a park-like setting with a recently erected “cabana with deck” structure that looks like it is for parties and picnics. There are docks for multiple yachts and watercraft. It is an ideal setting for family gatherings including Seafair.

Jamie (age 38) is the great grandson of John W. Nordstrom, the founder of Seattle based Nordstrom, Inc. He is EVP of the company and President of Nordstrom Direct. Numerous Nordstrom families reside on Mercer Island. They have generously contributed to and supported many community causes.

George W. Clarke was a well-known and respected community and family leader. He served in the Washington state House and Senate from 1966 to 1985. He died in 2006 at the age of 100. He had nine grandchildren, 22 great grandchildren and 3 great-great-grandchildren when he died. This was previously known as the Clarke family private waterfront park. Clarke families still reside in the immediate area.

Paul Maritz Exec of the Year – Silicon Valley

Paul and Yaffa Maritz’s Mercer Island Home

Paul Maritz, a former Microsoft top executive, was named the Silicon Valley Business Journal's 2011 Executive of the Year. “2011 has been tough for many of Silicon Valley's biggest tech companies . . . All the while, VMware Inc. has been . . . steadily growing its business and developing new products that have kept it at the forefront of its industry. That's why, in this week's Business Journal, we named VMware CEO Paul Maritz as our Executive of the Year. . . is planning an expansion that will more than triple the size of its headquarters campus.”

He joined the company as CEO in 2008. VMware provides virtualization (cloud computing) software. Maritz’ corporate statement is “VMware enables our customers’ success by simplifying and automating IT in the Cloud Era.” Maritz was also the recipient of Computerworld’s 2011 Morgan Stanley Leadership Award for Global Commerce, “which recognizes individuals whose personal leadership has made a critical contribution to the effective use of information technology throughout the world.”

He was with Microsoft from 1986 to 2000. His last position was executive vice president of the Platforms Strategy and Developer Group. He was part of the 5-person executive management team and, according to Wikipedia, was the third-ranking executive behind Bill Gates and Steve Ballmer. He was responsible for most of Microsoft's desktop and server software, including Windows and Internet Explorer.

He has maintained his Mercer Island home that is near and south of Paul Allen’s campus/compound.  A major expansion of this home and dock house was completed in 2003. The living area is now 8,040 sq ft and the property is 1.6 acres with 169 feet of waterfront.

Marty Lott - Person of the Year – 2011

Marty and Sharon Lott’s Mercer Island Home

The Advertising Specialty Institute^® recently named Marty Lott “2011 Person of the Year.” In 2008 he ranked No. 1 in the Institute^®’s Power 50 list of the industry's most influential leaders. Marty is the founder and president of Issaquah based SanMar. The company is a leading supplier of apparel and accessories.

In 1971 when he was in college Marty started the company in his parents’ Seattle garage. From an initial offering of a few T-shirts and one backpack the company has grown to over 40,000 SKUs with 15 retail, mill and private label brands housed in six national distribution centers covering 3.25 million square feet and employing more than 1,800 staff members. It has remained family owned and operated and recently had a 40^th birthday party celebration.

The company is an award-winning supplier of 14 retail, private label and mill brands. It supplies apparel and accessories to screen printers, embroiderers, promotional products distributors, athletic dealers, industrial launderers, etc. SanMar is the exclusive distributor of Nike Golf, OGIO® and New Era®. Its other retail brands include Gildan®, Jerzees®, and Hanes®. SanMar also produces Port Authority®, America's No.1 private clothing label. Red House®, Port & Company®, District Threads®, Sport-Tek®, CornerStone® and Precious Cargo® complete its high-quality private label offerings.

A major expansion of the Lott's Mercer Island home was completed over the last three years. It now has a total of 12,310 sq ft. The property is 1.8 acres with 150 feet of waterfront. It is eight properties south of Paul Allen’s campus/compound.

Paul Allen Charity

Paul Allen’s charity donations in 2011 were the most generous of any living American donor. This was reported in The Chronicle Of Philanthropy on 2/6/12 and summarized in a 2/7/12 Puget Sound Business Journal article by Emily Parkhurst. Allen gave a total of $372 million to charity. He gave $295 million to his own Allen Family Foundation and $70 million to the Allen Institute for Brain Science. The Allen Family Foundation has numerous programs including libraries, education, science, arts and culture.

Allen was number three on the list of all American donors. Two deceased donors gave more. Margaret A. Cargill from Minnesota bequeathed $6 billion and William S. Dietrich II of Pittsburgh bequeathed $500 million. Bill Gates was not on this year’s Chronicle’s list of the 50 most generous people in America.

Paul Allen and his Mercer Island private campus/compound/estate are on pages 64 and 65 in Lake Washington 130 Homes. The book highlights the charity activities of owners of the mansions in the book. Previous posts in this blog regarding Paul Allen were about his book, Idea Man, (4/22/11) and a guide for viewing his Mercer Island campus (12/28/10).

Paul Allen’s Private $150 million, 9.6 acre campus/compound/estate

Multi-Million $ Mercer Island Homes Discounted

$4.2M Mansion Sold On Right
Darren Berg’s Former $5.9M Mansion On Left 

A property listed for $6.5 million was sold at a 35% discount. A north end Mercer Island home was sold in October 2011 for $4.21 million. This is not as large as the 72% discount ($12 million versus the original listing of $43 million) for the nearby sale of the former Lytle mansion to Peter Edwards of Video Only (see 9/27/10 post). The $4.2M home was featured in a 5/21/11 post when it was listed for $6.45 million. The purchasers are Timothy and Sherie Bernardez. Timothy is the Co-founder and Managing Partner of Evergreen Pacific Partners, a prominent Seattle based private investment firm with $700 million under management.

From the MLS listing (Betty DeLaurenti and Julia Nordby, John L. Scott): (includes numerous interior photos): “European style home, 6 BR,7BA w/a large bonus rm, exercise rm and a home office w/a separate entrance. Extensive use of marble, granite, tile and hardwood throughout. Grand formal spaces and a gourmet kitchen you may never want to leave. All is complemented by graceful manicured gardens, multiple decks, covered outdoor patio and a firepit at waters edge. Approx 104+/- feet of prime North End Lake Washington waterfront is ready for use with a L shaped dock, covered boat lift and a sandy beach.”

The home is 6,071 sq ft on 0.4 acres with 104 feet of waterfront. This home is six houses west of page 43 in LW 130 Homes and one house northwest of Darren Berg’s (Ponzi scheme fame) former house (12/30/10 , 1/17/11, 5/22/11 and 12/30/11 posts). Berg’s house was sold through the bankruptcy court for $5.9 million in January 2011.

Berg Writing Book

Yacht in front of Berg’s former mansion

Berg’s former Mercer Island mansion

The Seattle Times published an extensive article Friday 12/30/11 by Rami Grunbaum about Darren Berg being in the process of writing a book. “ . . . he's written more than 350 pages of a planned e-book ‘to make some sense of the financial carnage I caused.’ ” Grunbaum quotes portions of the book where Berg makes unsupported claims in gibberish that others were to blame: “ ‘. . . dysfunctional bankruptcy process . . . perversely incented . . . system . . . a daft and disgruntled former employee . . ., etc.’ ”

Berg is charged in the biggest Ponzi scheme ever prosecuted in Washington state. Through his company, Meridian Group, he is accused of defrauding hundreds, some of whom their life savings, of more than $280 million. Berg was indicted and filed for bankruptcy in 2010. The sentencing hearing is scheduled for 1/20/12 and the 49 year-old faces a recommended sentence of 18 years in jail.

The article details other portions of the book and others’ reactions to the book and Berg’s history and personality.

My prior posts on 5/22/11, 1/17/11 and 12/30/10 included information regarding his Ponzi, scheme, the court process and the $5.9 million sale of his Mercer Island north-end waterfront home.

UW’s Big Dawg

Big Dawg at the front row (far left) dock for game day

Big Dawg and Kittilsby mansion (left) on Mercer Island

UW’s Big Dawg was featured in The New York Times recent article about UW’s Sailgate parties (previous post). The Big Dawg belongs to the Frank Miles family. The article labeled the Big Dawg yacht “a 94-foot, 3-story barge.”

Excerpts from the article include: “Members of the Miles family come to games on the Big Dawg . . . the family patriarch, Frank Miles . . . Frank met his wife, Jeanie, in high school, and after they graduated from U.W. they bought a 23-foot boat and started taking it to games. As the size of their boat increased, so did the size of their party, which began to include employees from their sand and gravel company . . . Others, like the Miles family, dock up front, and pay for permits that cost $215 to $750 each season, depending on boat size.”

The Big Dawg’s home is the dock of Tim and Lisa (Frank and Jeanie’s daughter) Kittilsby on the north end of Mercer Island. The property is between the LW 130 homes on pages 47 and 48. The one acre property includes a 6000 sq ft mansion plus covered and open sports courts. Frank founded Auburn based Miles Sand and Gravel in 1943. Tim and Lisa are now in charge of the company.

$7M Property Sells Fast on Mercer Island

2.4 acres with large covered dock

A north end Mercer Island property was listed at $7.0 million and sold in the same month for $6.8 million. The sale was recorded on 6/27/11, the purchaser was listed as On the Rock 98040 LLC and the seller was Cordell J. Almond. Mr. Almond is a CPA, partner in the Hersman Serles Almond accounting and consulting firm and principal for Seidman Private Securities, LLC. The property consists of two parcels and is one of the largest low-bank, buildable properties on Mercer Island. It also features a large covered dock (grandfathered) which could not be replicated under the current Shoreline Management Act. It is adjacent (west of) the El Dorado Beach Club. The Club is an enclave of eight homes with a community clubhouse, waterfront pool and dock. To the immediate east of the Club is the home of Jeffrey Greenstein who is in jail for orchestrating tax evasion schemes (see 2/2/11 post) and whose home is on page 76 of LW 130 Homes.

The listing (Kathy Beckes, CB Danforth) stated: “North End Mercer Island, 2.4 ACRES, 150' No Bank Waterfront, Mesmerizing views from Bellevue to University of Washington. White sand beach, Boat House, Boat Launch, Dock for multiple boats, Street to Waterfront Estate Property, Subdivide or keep as your Family Compound. Cottage on property originally built for the Fisher Flower Family. 1st time ever on Market. Privacy, tranquility, your own soccer field. Build your dream home, tennis court & swimming pool. No limits here! One-of-a-kind!”

Seattle Fall Colors

You do not need to travel to Vermont and New Hampshire to see beautiful fall colors. We have our own in the Pacific Northwest. The best place to view the foliage is from the water. Lake Washington offers some of the best scenery and you can also take in viewing the fabulous mansions with, compared to the summer, less leaves obscuring them. The above pictures were taken from the lake on the south and west side of Mercer Island. The southern and western sun and the reflections from the water highlight the colors. Other places with spectacular color are looking at the west side of Medina and the northern part of lake which is less populated and, therefore, has more forest land. If you have not put your boat up for the winter you should take it out sightseeing on our nice autumn days.

Mercer Island Mansion Auction

Mercer Island Boulevard Place Mansion

The Mercer Island Patch reported 8/30/11 the Boulevard Place mansion auction on this date failed to attract the minimum bid of $15.5 million. There were four qualified bidders attending the auction. This property was featured in a prior 10/21/10 post.

Last fall it was listed for sale at $28.8 million and was the most expensive King County MLS listing.  It is one-half mile north of Paul Allen’s compound and on page 59 in Lake Washington 130 Homes. The Puget Sound Business Journal published a 10/18/10 article about the property.

The living area is 13,636 sq ft with 7 bedrooms, 11.25 baths, theaters, multiple kitchens, wine cellars, and 8 washer-dryer rooms. There is additional covered non living areas and resort-style features including a 120” plasma TV rising from the edge of the pool.  Construction started in 2004 when David and Becky Sandwith purchased the lot for $5.4 million. The Patch reported they have a total of about $30 million invested in the property. David, his parents and siblings sold Kent based Mikron Industries, a manufacturer of high tech window components, for $205 million to Quanex Corporation in 2004.