Bank of the Cascades Acquires BoA Branches

Cascade Bancorp, the holding company for the Bend, OR-headquartered Bank of the Cascades, completed the acquisition of 15 former Bank of America branches in Southern and Coastal Oregon and Western Washington. The acquisitions make the financial institution Oregon’s largest community bank, with $3 billion in assets and 51 branches operating in Oregon, Washington and Southwest

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Adler Acquires 80-Asset Boise Industrial Portfolio

Woodland Hills, CA-based Adler Realty Investments acquired one of the largest industrial portfolios in Idaho from the Van Auker Companies. The 80-property portfolio totals more than two million square feet, and includes roughly 400 acres of land for future development across Boise’s Treasure Valley. Adler Industrial, LLC teamed with an undisclosed institutional equity partner on

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NKF Acquires ACRES of Utah

NKF, a subsidiary of the Newmark Group Inc., acquired ACRES, a full-service, commercial real estate services company, headquartered in Salt Lake City. ACRES, which operated as Newmark Grubb ACRES, also has offices in Davis/Weber County, Utah County, Boise, ID and Reno, NV. Veteran Nick Wood, who has been with ACRES for nearly two decades, will

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New Partnership Claims Idaho’s Tamarack Resort

Tamarack Resort Holdings (TRH) acquired of all of Tamarack Resort’s operations and key assets in Donnelly, ID, a resort and farming community 90 miles north of Boise. The TRH partnership includes investors and managers who bring experience in resort property development and operations. TRH’s Jon Reveal says, “Our team looks forward to proving our commitment

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$30M in Financing for Hotel Property in Boise

Utah-based Pennbridge Lodging secured $30.5 million in financing for Residence Inn Boise Downtown/City Center. Pennbridge opened the 185-room, 10-story Marriott-flagged property in October of 2017. Berkadia’s Adrienne Kautzman arranged the deal. The non-recourse 10-year loan features a highly competitive fixed rate. “This is the second deal we’ve financed in downtown Boise this year, demonstrating the

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City Office REIT Divests Boise Complex for $87M

City Office REIT, Inc. completed the sale of its Washington Group Plaza property in Boise, ID for a gross sale price of $86.5 million. Proceeds will be used to repay roughly $32.1 million of mortgage debt and for general working capital purposes. The buyer was reportedly St. Luke’s, Idaho’s only nonprofit healthcare system. Located in the heart of downtown, the four-building

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Need to Back-Fill Big Box? Big Al’s Answers

Northwest-based Kirkwood & Kirkwood continued to execute its expansion strategy with the opening of its fourth Big Al’s location, a 45,850-square-foot sports bar and entertainment destination at Piemonte at Ontario Center in Ontario, CA. The site is smaller than its others, which range upwards of 70,000 square feet, but could be a viable option for

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Idaho Authorizes $126M Purchase of Former HP Campus

The Idaho House approved a resolution authorizing state officials to finance the purchase of office space on Hewlett-Packard’s former Boise, ID campus. The buildings will house Idaho’s State Tax Commission and possibly other state agencies.  Governor C.L. Otter said the administration plans to acquire the 1.3-million-squre-foot campus for approximately $110 million, with the extra $16

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A New Arena for Boise, Maybe

Agon Sports and Entertainment, which owns the minor-league Boise Hawks baseball team, is planning to build a 5,000-7,500-seat arena in downtown Boise, ID. The plan is to have both the Hawks, and a second-tier men’s professional soccer team play in the venue, which is currently home to the St. Luke Business Center. Jeff Eiseman with

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Couple Plans Downtown Buildings Redevelopment

Josh and Lori Evarts won permission from the Meridian (Idaho) Development Corp. to replace properties at 703 and 713 N. Main St. The properties, which are currently occupied by a children’s theater and a meeting and creativity center run by the Meridian Library District, will be redeveloped into retail, commercial and residential space. The build-out

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