SEATTLE—Kalyx Development Inc., a private real estate investment trust and pioneer in providing specialized real estate to the cannabis industry, revealed the acquisition of two facilities in Washington State and Arizona. At a combined 348,000 square feet, the two acquisitions advance the company's holdings to over 600,000 square feet of cultivation and processing space, across seven buildings in four states. The Washington State acquisition gives Kalyx control of the single largest multi-tenant facility in the state and is leased to 14 licensed and operating i502 tenants.

LAKEWOOD, WA—Hunt Mortgage Group has provided a $23.2 million in Fannie Mae loans to refinance three multifamily properties located in Washington state. The borrowers are all single-asset, Washington Limited Liability Companies, controlled by the same principal. Loan terms on all three facilities are 10-years with amortization based on a 30-year schedule with no interest only. Yield maintenance will apply during the first 9.5 years.

SEATTLE—In a joint venture with an institutional investment fund, Unico Properties LLC, a real estate investment and operating company, has purchased Civica Office Commons, a 323,562-square-foot, class-A office building in the CBD of Bellevue, WA. Civica is 97% leased to a diverse roster of finance, wealth management, technology and traditional service tenants. Located along 108^th between Northeast 2^nd and 4^th, Civica is in the heart of downtown Bellevue, adjacent to the city's retail core and Bellevue Square.

Below is GlobeSt.com's bi-weekly update on the middle markets throughout the North West region. Here's a look at the latest news, announcements and deals that you may have missed from areas including: Alaska, Washington, Oregon, Idaho, and Northern California.

NEWS & NOTABLES

SAN FRANCISCO— Robert Bolin, senior principal with Syska Hennessy Group Inc., has relocated to the firm's San Francisco location where he will continue to serve in a leadership role overseeing several major projects and supporting the overall operations for the office. Bolin, a LEED Fellow and ASHRAE High Performance Design Professional with decades of mechanical engineering experience, has been with Syska Hennessy Group for 18 years, having previously served in both the firm's Chicago and Los Angeles locations.

SEATTLE—Charter Construction, an award winning Pacific Northwest company specializing in commercial, custom residential, remediation and emergency restoration construction, recently revealed that it will convert its ownership structure to an Employee Stock Ownership Plan. Through transitioning to an ESOP model, Charter Construction is making a long-term investment in its future viability, according to a prepared statement. Thd change will also build an even stronger company foundation, as ESOPs are a proven tool for effective business succession, the release says.

DEALTRACKER

PORTLAND—CBRE has arranged the sale of LaSalle Apartments, a garden-style, midrise luxury apartment community with 566 units in Beaverton, OR, to a joint venture between Holland Partner Group and Invesco Real Estate. Josh McDonald, Eli Hanacek and Jon Hallgrimson of the CBRE Capital Markets Pacific Northwest Institutional Properties team represented both the seller, Waterton, and the buyer, a joint venture between Holland Partner Group and Invesco Real Estate, in this transaction, while Nick Santangelo and Brian Eisendrath of CBRE's Debt & Structured Finance secured the financing for the acquisition through Freddie Mac.

SEATTLE—Kalyx Development Inc., a private real estate investment trust and pioneer in providing specialized real estate to the cannabis industry, revealed the acquisition of two facilities in Washington State and Arizona. At a combined 348,000 square feet, the two acquisitions advance the company's holdings to over 600,000 square feet of cultivation and processing space, across seven buildings in four states. The Washington State acquisition gives Kalyx control of the single largest multi-tenant facility in the state and is leased to 14 licensed and operating i502 tenants.

LAKEWOOD, WA—Hunt Mortgage Group has provided a $23.2 million in Fannie Mae loans to refinance three multifamily properties located in Washington state. The borrowers are all single-asset, Washington Limited Liability Companies, controlled by the same principal. Loan terms on all three facilities are 10-years with amortization based on a 30-year schedule with no interest only. Yield maintenance will apply during the first 9.5 years.

SEATTLE—In a joint venture with an institutional investment fund, Unico Properties LLC, a real estate investment and operating company, has purchased Civica Office Commons, a 323,562-square-foot, class-A office building in the CBD of Bellevue, WA. Civica is 97% leased to a diverse roster of finance, wealth management, technology and traditional service tenants. Located along 108^th between Northeast 2^nd and 4^th, Civica is in the heart of downtown Bellevue, adjacent to the city's retail core and Bellevue Square.