PORTLAND—Holliday Fenoglio Fowler LP recently closed the $94.35-million sale and arranged $42.4 million in financing for Park Square Campus, a 295,767-square-foot, two-building creative office campus that anchors Portland's South CBD. HFF marketed the property on behalf of New York-based Clarion Partners LLC, acting as an advisor to a separate account client. A separate account client advised by CBRE Global Investors purchased the asset and was assisted by HFF in securing a fixed-rate acquisition loan through Deutsche Bank.

SPRINGFIELD, OR—Crystal Investment Property LLC, a member of Hotel Brokers International, recently sold the Village Inn and Restaurant in Springfield, OR. Crystal Investment Property LLC, a licensed Oregon broker, exclusively represented the seller in the sale. Joseph P. Kennedy, president of CIP, worked closely with the seller, buyer and buyer's broker as well as the parties' other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential. The 67-key property is ideally situated with strong freeway access and visibility and includes a casual dining restaurant and shared pool and fitness facilities.

EAST WENATCHEE, WA—Vintage Real Estate, a national private investment firm which focuses on the direct acquisition, operation and development of value-add retail properties, recently revealed that Grocery Outlet, the largest extreme-value retailer in the country, has signed a lease to unveil its newest location at Wenatchee Valley Mall located in East Wenatchee, WA. Slated to open in summer 2017, the chain has more than 250 locations in California, Idaho, Nevada, Oregon, Pennsylvania and Washington. The new grocery store anchor will offer East Wenatchee residents a wide range of brand-name products at up to 40-70% off conventional retail prices. Customers will be able to purchase a full range of quality products including fresh produce, meat and dairy, a wide assortment of organic choices, health and beauty care as well as seasonal items at a competitive price.

HONOLULU—A new joint venture among funds managed by the real estate group of Ares Management LP, SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC and Wafra Investment Advisory Group) and Trinity Investments LLC recently revealed the acquisition of The Ritz-Carlton, Kapalua in Maui, HI. The resort was acquired from a partnership between Woodridge Capital Partners LLC and Colony Capital Inc. The Ritz-Carlton, Kapalua is a AAA Five Diamond, oceanfront property located on 49 acres of Maui's lush northwest shore. The hotel is part of the 23,000-acre master planned Kapalua resort on Maui, home to the celebrated Kapalua Wine and Food Festival and the PGA Tour's Tournament of Champions event. The resort is renowned for its world-class golf courses, an award-winning tennis facility, golden sand beaches and a myriad of restaurants and shops.

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

HONOLULU—The Howard Hughes Corp. recently welcomes its first residents to Ward Village, the company's 60-acre master planned community in the heart of Honolulu. As the first mixed-use residential tower, Waiea marks a significant milestone as the vision of Ward Village transforms into the reality of a vibrant “live, work, play” destination and a model 21st century walkable, sustainable community. Waiea broke ground in June 2014 and has now officially opened.

SEATTLE—Ware Malcomb, an award-winning international design firm, recently completed construction on the new Booking.com office space located at 200 West Mercer St., Suite 100 in Seattle. Ware Malcomb provided interior architecture and branding services for the project, which draws inspiration from the local urban environment and natural landscape to capture the spirit of Seattle. The 9,750-square-foot regional office for Booking.com, a leading global e-commerce company, features design elements inspired by iconic Seattle landmarks, providing employees and visitors with a fresh, urban and local feel. Interior office improvements include a new welcome area, open office space, collaborative areas, small and large meeting rooms, and an employee game room. The modern, functional space incorporates the latest workplace strategies, as well as eco-friendly and reclaimed materials to emulate and contribute to the preservation of nature.

DEALTRACKER

BOTHELL, WA—David Link, managing director, and Brian Fisher, investment analyst in NorthMarq Capital's Denver-based regional office, recently arranged acquisition financing of $93 million for Bridges at Northcreek, a multifamily property located at 20225 Bothell Everett Highway in Bothell, WA. The property benefits from immediate access to over 500 restaurants and shops, Woodinville wine country, golf courses, parks and more. Constructed in 1999, the class “A” community consists of 524 units contained in 24 three-story buildings. Amenities include: a resort-style pool, two playgrounds, fitness center and yoga room, a conference room with a full kitchen and covered parking. Washer/dryers are provided in all units.

PORTLAND—Holliday Fenoglio Fowler LP recently closed the $94.35-million sale and arranged $42.4 million in financing for Park Square Campus, a 295,767-square-foot, two-building creative office campus that anchors Portland's South CBD. HFF marketed the property on behalf of New York-based Clarion Partners LLC, acting as an advisor to a separate account client. A separate account client advised by CBRE Global Investors purchased the asset and was assisted by HFF in securing a fixed-rate acquisition loan through Deutsche Bank.

SPRINGFIELD, OR—Crystal Investment Property LLC, a member of Hotel Brokers International, recently sold the Village Inn and Restaurant in Springfield, OR. Crystal Investment Property LLC, a licensed Oregon broker, exclusively represented the seller in the sale. Joseph P. Kennedy, president of CIP, worked closely with the seller, buyer and buyer's broker as well as the parties' other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential. The 67-key property is ideally situated with strong freeway access and visibility and includes a casual dining restaurant and shared pool and fitness facilities.

EAST WENATCHEE, WA—Vintage Real Estate, a national private investment firm which focuses on the direct acquisition, operation and development of value-add retail properties, recently revealed that Grocery Outlet, the largest extreme-value retailer in the country, has signed a lease to unveil its newest location at Wenatchee Valley Mall located in East Wenatchee, WA. Slated to open in summer 2017, the chain has more than 250 locations in California, Idaho, Nevada, Oregon, Pennsylvania and Washington. The new grocery store anchor will offer East Wenatchee residents a wide range of brand-name products at up to 40-70% off conventional retail prices. Customers will be able to purchase a full range of quality products including fresh produce, meat and dairy, a wide assortment of organic choices, health and beauty care as well as seasonal items at a competitive price.

HONOLULU—A new joint venture among funds managed by the real estate group of Ares Management LP, SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC and Wafra Investment Advisory Group) and Trinity Investments LLC recently revealed the acquisition of The Ritz-Carlton, Kapalua in Maui, HI. The resort was acquired from a partnership between Woodridge Capital Partners LLC and Colony Capital Inc. The Ritz-Carlton, Kapalua is a AAA Five Diamond, oceanfront property located on 49 acres of Maui's lush northwest shore. The hotel is part of the 23,000-acre master planned Kapalua resort on Maui, home to the celebrated Kapalua Wine and Food Festival and the PGA Tour's Tournament of Champions event. The resort is renowned for its world-class golf courses, an award-winning tennis facility, golden sand beaches and a myriad of restaurants and shops.