Middle Market Digest: North West

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 

SEATTLE—The Space Needle, one of the most recognized landmarks in the world recently revealed the Century Project, a multi-year venture focused on preservation and renovation of the 55-year-old icon. The renovation will update the structure’s physical systems and elevate the visitor experience by dramatically enhancing the view. Privately funded, the ambitious project will heighten the Observation Deck experience with floor-to-ceiling glass on the interior and exterior to further open up the uninhibited 360° views of the Puget Sound area. The restaurant level will be reimagined with a first-of-its-kind rotating glass floor unveiling downward views of the structure never seen before.

SEATTLE—Columbia Pacific Advisors and its founders recently revealed the pending acquisition of Hawthorn Retirement Group, a Vancouver, WA-based firm that owns and operates senior housing communities in North America. Hawthorn is a vertically integrated senior living company that owns, develops and operates communities located across 20 U.S. states and two Canadian provinces. Hawthorn has 55 communities in operation, with another 24 communities under construction or in pre-development. In addition to the real estate portfolio, the acquisition will include Hawthorn’s management and construction businesses.