Connect with us

Real Estate News

Real Estate & Construction Briefs – September 2021

Published

on

DGR grant to Cocoon K East Reactor

Richland-based DGR Grant Construction Inc. has won a $ 9.5 million contract to build a cocoon-like structure over the K-East reactor at the Hanford site.

The enclosure above the reactor serves as safe interim storage and protects the building, while the radioactivity in the reactor core decays in the coming decades and the reactor is then dismantled.

Central Plateau Cleanup Co., a contractor for the US Department of Energy, awarded the contract in August.

“The award of the contract is an important step in completing the work on the Hanford K reactor area,” said Bob Krebs, CPCCo project manager.

DGR is expected to begin work on the foundation for the storage enclosure in September. A steel structure will be installed in early 2022 and the project should be completed in 2023.

K East Reactor was in operation from 1955 to 1971. It is the seventh of nine former Hanford reactors to be safely stored. K West Reactor will be the ninth.

B Reaktor is retained as a visitor facility and is part of the National Park Service’s Manhattan Project National Historical Park.

Parade of Homes tickets available for tours September 17-19

Tickets for the popular Parade of Homes event organized by the Home Builders Association of Tri-Cities are available now.

The parade will look different this year due to pandemic disruptions in the supply chain. It will offer two homes for a personal tour from September 17th to 19th.

Additional houses can be viewed online from September 20th at paradeofhomestricities.com.

The two builders taking part in this year’s parade are Prodigy Homes and Pahlisch Homes Inc.

“The resilience and ingenuity of these builders in preparing their homes for display in a year of approval delays, supply chain disruptions and general uncertainty is truly impressive. Now they are excited to share these incredible homes with you, ”HBA Tri-Cities wrote on their Facebook page.

Parade of Homes tickets are available for $ 10 at Circle K stores in the area. The purchase includes admission to the two houses from September 17th to 19th, a 56-page glossy magazine in color and entry to the Fall Home Show, which takes place from October 1st to 3rd at the HAPO Center in Pasco.

Graze buys the headquarters building in Kennewick

Graze LLC, the Walla Walla-based operator of Graze A Place to Eat sandwich and salad shops, has purchased the former China Café building at 131 N. Ely St. in Kennewick.

The 215-square-foot building, which was built in 1975, is being remodeled despite owner John Lastoskie saying it was too early to discuss plans.

Graze has local businesses at 8530 W. Gage Blvd., near Columbia Center in Kennewick, and 610 George Washington Way in Richland’s new Park Place apartment and retail development.

Benton County’s real estate records indicate that Graze LLC paid $ 1.23 million for the property in a deal that was registered on July 27th.

Immediate care for doctors is now called Nova Health

Nova Health, which provides primary and emergency services in the western United States, has acquired Richlands Physicians Immediate Care & Medical Centers (PICMC).

The acquisition expands Nova’s growing emergency and basic services presence to the fifth operating state, in line with its strategy of reaching more markets in the western United States, said Jim Ashby, chief executive officer of Nova Health, in a statement.

“We expect the combined company to become even stronger and improve the access and quality of patient care in the three-city area,” he said.

Nova Health has emergency offices at 310 Torbett St. and 550 Gage Blvd. and a primary care office at 1516 Jadwin Ave., all in Richland.

“Nova Health has demonstrated its commitment to high quality healthcare and streamlined processes, and its reputation as a high performing healthcare network is well deserved. We want to reassure PICMC patients that they will continue to receive the same staff and great care while enjoying the benefits of a large, networked healthcare organization, ”said Dr. Douglas Crawford, owner of Physicians Immediate Care and Medical Centers, in a press release.

Opening of Sola Salon Studios at Columbia Center

Sola Salon Studios plans to open its first Tri-City location in November at the Columbia Center Mall, 1321 N. Columbia Center Blvd., Suite 205A, in Kennewick. Completion is planned for November 2021,

The 6,200 square meter salon offers space for 33 private studios in three sizes. It’s located in the mall near JCPenney.

The features of the new studios include private individual rooms with storage space, oversized sliding / sliding doors, floor-to-ceiling walls for privacy, all utilities, WiFi and full spectrum lighting.

“We are so proud to bring Sola Salon Studios to the Tri-Cities and to offer local hairdressers, beauticians, nail technicians, massage therapists and makeup artists a beautiful, safe place to realize their entrepreneurial dreams,” said Melissa Bertsch, co – Owner of Sola Salon Studios in the Tri-Cities.

Sola stylists can customize their own fully equipped studio and set their own hours. In addition, they set their own prices and receive full commission on retail products.

Sola has more than 545 locations in the United States, Canada, and Brazil, providing the freedom and benefits of a salon to more than 16,000 independent beauty professionals. Go to solasalonstudios.com.

Costa Vida opens pandemic delayed location in Pasco

Costa Vida opened its newest Tri-City restaurant in Pasco on August 16th.

The new fresh Mexican outlet is located at 6627 Burden Blvd., Suite A.

Russ Cazier is the franchisee for Costa Vida restaurants in the area, along with a number of subway locations. He leased the Pasco spot, which is located next to Proof Kitchen and The Sushi House, in early 2020, but was unable to open it because of the Covid-19 pandemic.

The 2,912 square meter area includes a commercial kitchen and dining area as well as toilets.

Wave Design Group’s Mike Corbin was the project architect and W McKay Construction LLC was the contractor.

Incyte Diagnostics Opens New Patient Collection Laboratory

Incyte Diagnostics has opened a new patient collection lab at 221 Wellsian Way in Richland to perform blood, urine and Covid-19 tests.

Appointments are not required, but patients must have lab assignments from their healthcare provider.

Founded in 1957 by a group of pathologists, Incyte Diagnostics provides pathology services throughout the Northwest with laboratories in Richland, Bellevue and Spokane Valley.

Go to incytediagnostics.com.

Dedicated to North Franklin Visitor Center

A new visitor center in northern Franklin County opened on August 23 with a ribbon cutting ceremony.

The North Franklin Visitor Center, 661 S. Columbia Ave., is a joint venture between the City of Connell, the Connell Chamber of Commerce and the Port of Pasco.

The small center welcomes visitors to town and serves as a rest stop for travelers on Highway 395.

The building used to be a doctor’s office. It is owned by the city and has been redeveloped by the port with a lobby, conference room, public toilets, an office for the chamber and an outside deck. The Port of Pasco Commission will also meet at the Connell site.

Lourdes Crisis Services moves to Richland

Lourdes Health Crisis Services has moved to the Lourdes Counseling Center, 1175 Carondelet Drive, Richland.

The move consolidates behavioral health services into a single location.

“We believe that by having all of our services in one convenient location, we can best and better meet the needs of our community,” said Gordon Cable, director of behavioral health and allied services at Lourdes Health.

The crisis service provides behavior-based health care for patients with mental health and substance abuse crises around the clock.

Call 509-783-0500 or 800-783-0544.

EB-5 failure puts jobs and investments at risk

Invest in the USA, a Washington, DC, group promoting investment by EB-5 immigrants in capital projects, is urging Congress to re-approve the program, which expired on June 30th.

Failure to do so could put $ 15.2 billion in capital investments and more than 485,000 American jobs at risk, it said.

EB-5, for Employment Benefit Five, enables immigrant investors to secure green cards in exchange for investments in capital projects that create American jobs. At the local level, it has been used to fund several projects, most notably The Lodge Hotel at Richland’s Columbia Point.

It was first piloted in 1992 and expired at the end of June after several short-term extensions.

The relapse affects the immigration status of nearly 32,600 current investors and their families who have filed immigration applications and gives cause for concern that they may be pulling funds out of current projects.

New Covid-19 real estate guidelines for brokers and companies

Realtors, clients and industry partners – such as appraisers, inspectors, photographers, etc. – must wear masks for listing appointments, demonstrations, inspections, visits, open days and other indoor interactions, according to Washington Realtors.

The new guidelines apply as a state-reintroduced mask requirement for all persons, regardless of vaccination status, indoors from 23 August.

Real estate companies must require masks in their offices for all private individuals, consumers and brokers regardless of the vaccination status, the state association said.

In addition, estate agents and their clients must comply with any additional requirements or restrictions imposed by the seller of a property, including required deadlines, capacity restrictions or other instructions. Listing brokers should detail all requirements in the listing and post signs on the property regarding specific instructions, the group advised.

The Friends Group needs $ 330,000 for Little Badger Preserve

Friends of Badger Mountain reports that it still has to raise $ 330,000 to purchase the last 21 acres it will take to build Little Badger Mountain Preserve and Trail, the third in its line of trails in the Tri -Cities will be.

The project includes the acquisition of land and the construction of a 2.2 mile trail, some sections of which will traverse challenging terrain.

The trail leads from Queensgate Drive to the top of Little Badger Mountain to two water tanks.

Those giving $ 1,000 or more have their names set in stone on the trail that joins the Badger Mountain and Candy Mountain trails.

Go to donatenow.networkforgood.org/friendsofbadgermountain.

World Trade Center reopened. Not Starbucks. Lawsuit follows

When New York State allowed limited-occupancy malls to reopen in September 2020, a prominent Starbucks store stayed dark.

Now the Seattle-based coffee giant is being sued for $ 5.2 million in re-leases and future rents because its landlord claims he violated his lease for its Westfield World Trade Center store in New York.

Unibail Rodamco Westfield has filed a lawsuit in the U.S. District Court for the southern borough of New York, reports Chain Store Age, which haunts the retail industry.

Last spring, the Seattle Times reported that Starbucks had asked landlords to cut rents for the coming year because of the Covid-19 crisis.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Real Estate News

Celebrating 40 years in Taos Real Estate | Success Stories

Published

on

Louise Rose is just as individualistic in her attitude as she is as an independent Taos broker. This combination has ensured that it successfully brings clients together with the home, land or investment of their dreams.

Before Louise moved here, she was a stockbroker with a NYSE firm. She raised her sons Justin Bailey and Andrew Morrison, who graduated from the eclectic and distinguished Taos High School. “Children who grow up here are well prepared to live anywhere in the world.”

Louise is blessed with loyal clients who appreciate her upbeat approach, ability to listen, and insane sense of humor.

“Finding someone for the perfect home or ranch is the most personal transaction they can have,” said Louise. “It’s worth finding exactly what you’re hoping for. To get to know a customer, you have to listen carefully. Especially if you come from outside the city, it is important to understand exactly what attracted you to our unique and fascinating heart and soul of the Southwest. “

It’s an intuitive process that takes countless hours with people of many languages, cultures, and ethnicities. Often times the first home she shows them is the one they choose.

“Show them what they want; not what other customers desperately want or need to sell unless it’s the perfect thing. That saves everyone a lot of wear and tear. “

Louise has lived in Taos since 1973 and has seen many changes. She believes that no matter how many people move here, the spirit and essence of Taos never change.

In 1982 she carried out the first “Realtor Tours” together with another broker. Within two years, the brokers were ready for a multiple listing service (also known as MLS). Customers finally got the benefit of knowing that the home they were buying was the best choice for them and they no longer had to go to every real estate agent in town to find out what was for sale.

In 1985 she and two other people brought the first real estate franchises to Taos. Louise sold her successful ERA Taos Realtors in 1991. Three years later, she bought the Realty World, Taos franchise and then sold it to work independently.

With the market hot today, her boutique business is in demand through word of mouth and referral.

Louise said, “I personally rarely go to a doctor or lawyer for advertising because the most experienced and talented are as busy as they can get. When I do advertising, it is to the benefit of my salespeople, so that they get the attention. ”

Her longstanding clients include the Comptons: Mike, a successful commercial high quality contractor, and Jane, the Taos optician, whose first appointment is in early October.

Louise sold the Comptons her first Ranchos home, the first they looked at; and then 20 years later she sold it for them to the first buyers who looked at it.

The new doctor, his wife, and their poodle lived in a motel and needed a place to stay immediately.

Two weeks later, the Comptons were out with their two young daughters, four horses and three dogs.

The Comptons are currently selling Taos Creek Cabins, which can be seen in the pictures with Louise on this page.

Pat Allen, another longtime Taoseño and owner of 9 to 5 Ship & Print, said, “I remember the first house Louise showed me was the one I bought. It was the easiest purchase ever. She is still my broker after 30 years.

Louise’s pink, white, and black property signs are eye-catching. Each carries a reminder, “Please don’t disturb the owner,” a thoughtful touch that embodies both the agent’s signature personal style and savvy business acumen.

Louise has enjoyed a life of world travel and adventure and, when she’s not selling real estate, is working on a book. If you are a happy new customer, she will pamper you with stories and you will instantly connect with this powerhouse of energy. They know that you made the right choice in choosing your broker.

“The last decade has been the best of my life and I’ve been happier than ever,” she said. Share your enthusiasm and let Louise Rose help you find the home that will make you happier than ever.

Continue Reading

Real Estate News

Tucker Carlson exposes real estate companies ‘wrecking’ America

Published

on

“Gavin Newsom is turning the state of California into a swamp,” said Fox News host Tucker Carlson on Tucker Carlson Tonight.

TUCKER CARLSON: In addition to all of the other problems California has, property prices are higher there than anywhere in the country. The average home price in the state of California is now over $ 800,000, more than double the national median. In the past few years, California leaders have passed dozens of laws that they claim will fix the problem because it really is a problem. Governor Jerry Brown, the last man, signed 15 housing laws in 2017 alone. Last year, Gavin Newsom signed 18 separate housing laws. Did it work? No not at all. They didn’t work for the people who live in California. But they weren’t intended for people who wanted to buy houses. Instead, these bills had one purpose: to destroy suburban houses and replace them with high-density apartments. Of course, real estate developers make more money when single-family houses are leveled and replaced by multi-family houses. And real estate developers happen to be the main donors to the California Democratic Party, and Gavin Newsom in particular.

Real estate development company Marcus was one of Newsom’s largest funders in the recent recall election. This week, after surviving the recall, Gavin Newsom tragically rewarded these real estate developers with the largest housing bill ever. Newsom has just signed a series of laws, SB9 and SB10, that will abolish the suburbs in the state of California. The state that invented the suburbs. These bills were approved by the California Building Industry Association, which, citing, “represents the interests of home builders and developers of residential and commercial projects. There will be some new commercial projects in the California suburbs.” As the New York Times put it, you quote, “SB9 essentially ends the single-family zone zones.” Property owners now have state approval to convert any single family home in the state of California into a 4 unit apartment complex. How does this improve someone’s life? It will not. It means demolishing houses to build rental units.

At the behest of his donors, Gavin Newsom is turning the state of California into a swamp. It’s not just happening in California, Oregon recently passed a nationwide ban on single-family home zoning. That’s crazy! Cities like Minneapolis and Sacramento have started allowing apartment buildings on single-family lots. Crowding problem anyone thinks? By the way, only the Chinese government seems to be doing everything possible to rule the real estate developers. “Housing should live and not for speculation,” said the Chinese president. Woo, I hate to quote the President of China but in this case he’s right, one of the largest and most indebted real estate companies in the world is collapsing and China has signaled that it will never be interested in a bailout again. In this country, real estate companies not only get bailouts, they can also write laws that destroy your neighborhood. And in many parts of America, they can tear down the neighboring house and turn it into a residential complex. Big!

Continue Reading

Real Estate News

Crow Holdings Announces Closing of Ninth U.S. Diversified Value-Add Real Estate Fund with Approximately $2.6 Billion of Investable Capital

Published

on

DALLAS – (BUSINESS WIRE) – Crow Holdings, a leading national real estate investment and development firm, today announced the definitive closing of Crow Holdings Realty Partners IX, LP (“Fund IX” or the “Fund”). Managed by Crow Holdings Capital, Crow Holdings’ investment management company, the fund invests in value-adding real estate investments in the United States, primarily in industrial and multi-family homes and specialty sector opportunities.

Fund IX was oversubscribed with approximately $ 2.3 billion in commitments, above its original ceiling of $ 2.0 billion, and received strong support from existing investors and significant participation from new investors, including global banks and Insurance companies, pension plans, family offices and high net worth individuals. The fund has also co-invested a total of $ 265 million in equity, resulting in total investable equity of approximately $ 2.6 billion for the strategy. Fund IX marks the company’s largest fundraiser to date and is a significant increase over the $ 1.3 billion pledges raised for the previous fund.

The fund focuses on diversified value-add investment and development opportunities in multiple property types in major US markets. Today these possibilities exist mainly in industrial and multi-family houses as well as in special sectors such as prefabricated houses, comfort and gas, self-storage and student dormitories. The fund was fully launched during the Covid-19 pandemic and began investing during this challenging time as well. To date, more than 63% of the fund’s capital has been invested in 62 investments, primarily in the high-growth regions of the Southwest, Southeast and Mountains of the United States

“We appreciate the trust our investment partners have in the continued ability of our team to deliver results to them,” said Michael Levy, CEO of Crow Holdings. “This successful degree shows recognition for our company’s long-standing track record, real estate expertise and, in particular, for our early recognition of the considerable tailwind behind the demand for logistics and e-commerce, the changing population demographics and changing housing preferences as an integral part of our differentiated investment strategy . ”

“With more than 63% of the capital employed in Fund IX, we are already achieving strong investment results, including the repatriation of capital at the beginning of the fund’s life cycle through rapid realizations. This achievement is recognition of the team who have worked hard during this unprecedented and challenging time to continue fulfilling our commitment to all partners, ”said Bob McClain, CEO of Crow Holdings Capital. “We believe that our pipeline – particularly in the industrial, multi-family and specialty sectors – will continue to offer attractive opportunities to grow results throughout the life of the fund.”

Hodes Weill Securities, LLC acted as placement agent for Fund IX.

About Crow Holdings

Crow Holdings is a leading national real estate investment and development company with 70 years of operations and $ 21 billion in assets under management. With a strong track record across property types and market cycles, Crow Holdings pursues unique investment opportunities through a range of strategies and risk-return profiles, creating value for its investors, partners and communities. Operating out of 17 offices in the United States, Crow Holdings has extensive industry reach with expertise in multi-family, industrial, office and specialty sectors and has developed or acquired more than 225 million square feet. Our core principles of partnership, collaboration and reconciliation of interests remain central to Crow Holdings today. More information is available at www.crowholdings.com.

Continue Reading
Advertisement

Trending