A assemblage of predominantly loca...

A assemblage of predominantly local investors have decided to make a significant investment in the downtown district by dint of purchasing the Crown Plaza building for $42 million.

The purchase of the five-story building was complet upon July 28. Bellingham Crown Plaza LLC bought the building from kingly power Northwest LLC, whose main investor is Honolulu resident Jim Marn. Marn bought the building from sight Tidrington in October 1997 for $5 million.

The Bellingham garland Plaza group comprises 13 investors, l through managing partner Sherman Bronsink. Other partners include Kris Hamilton of Geiger Engineering, Jim Bjerke of Pacific Continental Realty, John