FEDERAL WAY, WA—Pathfinder Partners, a San Diego-based firm specializing in opportunistic and value-add real estate investments, has revealed the $25 million acquisition of The Argyle, a 160-unit multifamily Seattle-area community at 2517 S. 316^th Lane in Federal Way, WA. The Argyle, built in 1984, is situated on 4.95 acres and includes 13 three-story buildings comprised of 81 one-bedroom/one-bathroom units, 49 two-bedroom/one-bathroom units and 30 two-bedroom/two-bathroom units averaging 792 square feet. The community includes a pool area, children's playground area, recently renovated fitness center, leasing office and clubhouse. The project was purchased from an undisclosed seller, which had owned and operated the community for two years.

VANCOUVER, WA—KeyBank Real Estate Capital has originated a $10.5-million first mortgage loan for The Hudson Building, located in Vancouver, WA. The newly constructed office building, with first-floor retail space, totals 43,572-square feet and offers creative office space unique to the Vancouver area. The property features 15' high ceilings and large operational windows. Fred Dockweiler of Key's Commercial Mortgage Group arranged financing through a correspondent life company relationship. The loan will be used to refinance existing construction debt on the property and is structured with a 10-year term, 12-month interest only period and 30-year amortization schedule.

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

PORTLAND—Autograph Collection Hotels, Marriott International's distinctive collection of independent hotels, today revealed its debut in Oregon with the opening of Hi-Lo Hotel. Situated in the historic Oregon Pioneer Building in downtown Portland, the highly-anticipated boutique hotel was selected by Autograph Collection Hotels because it shares the brand's values of vision, design and craft, and offers an immersive guest experience. Built in 1910, the Oregon Pioneer Building – originally named The Railway Express Building – was the city's iconic first concrete building, which became known as Project Cinderella when it was revived in 1962, serving as a catalyst to restore historic buildings in downtown.

DEALTRACKER

MILIPITAS, CA—Calaveras Park Professional Center has sold. The 21,008-square-foot multi-tenant medical dental office park sold for $9.35 million, which represents $455 per square foot and a cap rate of 6%. Schwab represented the seller, JB Matteson Co. of San Mateo and procured the buyer, Sinogap LLC, a Cupertino-based family office.

SHORELINE, WA—Security Properties and Intercontinental Real Estate Corp. purchased Echo Lake Apartments, a 289-unit apartment property with 8,999 square feet of retail built in 2009 and located in Shoreline, WA. Security Properties now owns a total of 18 assets in the Puget Sound region. The asset was purchased in the fourth joint venture between Security Properties and Intercontinental. Echo Lake Apartments are located in the Seattle suburb of Shoreline, WA. The community offers convenient access to major employment, transportation, retail and recreation. Twenty minutes south of Echo Lake is Seattle's Central Business District, the Pacific Northwest's largest employment center accounting for over 300,000 jobs. Twenty minutes to the north sits Boeing's Everett Factory. The factory employs over 40,000 workers and produces Boeing's large aircraft, 747s, 767s, 777s and the new 787 Dreamliner.

FEDERAL WAY, WA—Pathfinder Partners, a San Diego-based firm specializing in opportunistic and value-add real estate investments, has revealed the $25 million acquisition of The Argyle, a 160-unit multifamily Seattle-area community at 2517 S. 316^th Lane in Federal Way, WA. The Argyle, built in 1984, is situated on 4.95 acres and includes 13 three-story buildings comprised of 81 one-bedroom/one-bathroom units, 49 two-bedroom/one-bathroom units and 30 two-bedroom/two-bathroom units averaging 792 square feet. The community includes a pool area, children's playground area, recently renovated fitness center, leasing office and clubhouse. The project was purchased from an undisclosed seller, which had owned and operated the community for two years.

VANCOUVER, WA—KeyBank Real Estate Capital has originated a $10.5-million first mortgage loan for The Hudson Building, located in Vancouver, WA. The newly constructed office building, with first-floor retail space, totals 43,572-square feet and offers creative office space unique to the Vancouver area. The property features 15' high ceilings and large operational windows. Fred Dockweiler of Key's Commercial Mortgage Group arranged financing through a correspondent life company relationship. The loan will be used to refinance existing construction debt on the property and is structured with a 10-year term, 12-month interest only period and 30-year amortization schedule.