TUALITIN, OR—Sequoia has acquired Eddyline at Bridgeport, a 367-unit, class-A mixed-use apartment building in Tualitin, OR. This acquisition increases the firm's Portland-based holdings to more than 2,100 units. Eddyline was completed with the LEED Silver certification in 2015. It is comprised of 320,505 rentable square feet in three residential buildings in addition to 22,414 square feet across 10 retail spaces.

PORTLAND—KBS of Newport Beach, California, in partnership with Sterling Bay of Chicago, recently acquired floors one through five of The Meier & Frank Building for $54 million. Currently home to Macy's downtown Portland store, KBS and Sterling Bay plan to redevelop the property into mixed-use office and retail space. Macy's recently confirmed it will continue operations through the holiday season and will close in spring 2017 after which time KBS and Sterling Bay will commence redevelopment of the store.

BEND, OR—A class A multifamily property in Bend, OR, called Commons at Pilot Butte, sold for $36 million. This reflected a per-unit price of $176,470, the largest apartment sale in Bend. Managing Director Phil Oester and Senior Director Joe Nydahl of the Portland office completed the sale.

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—CBRE Group Inc. recently revealed that Matt Kircher, a 27-year veteran of retail real estate, is returning to the company as Managing Director and Executive Vice President in San Francisco to lead its Bay Area Retail-leasing business. Kircher brings to CBRE a long history of retail leadership both in the Bay Area and nationally. He comes to CBRE from Cushman & Wakefield/Terranomics, where he led more than 30 retail professionals in six Northern California offices for the past 20 years.

SAN FRANCISCO—RealtyShares has hired Bill Lanting as VP of Commercial Debt Originations. Lanting brings rich financial experience in the real estate syndication and hospitality industries to the online marketplace. A former executive with Radisson Hotels and Wyndham Hotels, he has recently been responsible for bridge loan originations, underwriting, and raising large, multi-million dollar investment funds from institutional investors for Thorofare Capital and Partners Capital. At RealtyShares, he will head the expansion of the platform's commercial debt product.

DEALTRACKER

SEATTLE—On behalf of a joint venture between TruAmerica Multifamily and Guardian Life Insurance Co. of America, JLL's Capital Markets revealed that the firm closed the sale of Arcadia Townhomes, a 309-unit multifamily asset located in Federal Way, WA, between Seattle and Tacoma. Priderock purchased the asset for $68.5 million. Arcadia Townhomes is centrally located within the Puget Sound region's major employment hubs. The asset is comprised almost entirely of townhomes (95 percent) and all units are larger than 1,000 square feet. Community amenities include barbeques and a gazebo, fitness center, clubhouse with Wi-Fi, outdoor pool and hot tub and biking and walking paths.

TUALITIN, OR—Sequoia has acquired Eddyline at Bridgeport, a 367-unit, class-A mixed-use apartment building in Tualitin, OR. This acquisition increases the firm's Portland-based holdings to more than 2,100 units. Eddyline was completed with the LEED Silver certification in 2015. It is comprised of 320,505 rentable square feet in three residential buildings in addition to 22,414 square feet across 10 retail spaces.

PORTLAND—KBS of Newport Beach, California, in partnership with Sterling Bay of Chicago, recently acquired floors one through five of The Meier & Frank Building for $54 million. Currently home to Macy's downtown Portland store, KBS and Sterling Bay plan to redevelop the property into mixed-use office and retail space. Macy's recently confirmed it will continue operations through the holiday season and will close in spring 2017 after which time KBS and Sterling Bay will commence redevelopment of the store.

BEND, OR—A class A multifamily property in Bend, OR, called Commons at Pilot Butte, sold for $36 million. This reflected a per-unit price of $176,470, the largest apartment sale in Bend. Managing Director Phil Oester and Senior Director Joe Nydahl of the Portland office completed the sale.