By Dennis GisiIs it really a seller’s real estate market?Yes!Why?The reason is somewhat lengthy and complicated. Dennis Gisi,John L. Scott Real EstateI am going to start with a 1999 New York Times article written by Steven H. Holmes published in the New York Times, entitled, “Fannie Mae eases credit to...
As Ruby Tuesday enters its 20th year of franchising, the national restaurant chain has renewed its focus to expand into high-value, target markets—including the Tri-Cities.Of the more than 700 restaurants around the globe, Ruby Tuesday can be found in 44 states, the majority of which are in the Southeast, Northeast,...
By Jeff MorrowPreferred Freezer Services opened up a monster facility in July 2015 in the north part of Richland.The $115 million building dominates the landscape, standing 120 feet tall, with 455,000 square feet of space and 313,000 square feet dedicated to automated freezer space.And it’s about to get bigger with...
The 250-acre Pasco Processing Center will welcome a new tenant in spring 2017.Volm Companies Inc. broke ground in August on a 90,000-square-foot, $8.5 million facility in the 5700 block of Industrial Way inside the business park developed by the Port of Pasco.The company makes mesh bags and other packaging as...
When Railex Wine Services opened a Wallula warehouse big enough to fit 11 football fields inside it three years ago, the company didn’t expect Ste. Michelle Wine Estates to dominate the majority of its space.“It’s great to have an existing customer just prompt you to expand your business and open...
The Port of Kennewick Commission recently awarded a $3.4 million contract to Banlin Construction of Kennewick to build three winery buildings near the cable bridge.The 3,900- to 4,200-square-foot buildings will provide production facilities and small tasting rooms at the Columbia Gardens Wine & Artisan Village on Columbia Drive.In addition, the...
Tri-City shoppers can expect to see new restaurants and shops — including Ulta Beauty and MOD Pizza — opening next year in the Vintner Square development near Target off Queensgate Drive in Richland.It’s all part of the developers’ plan to provide a “high quality tenant mix,” said Jim Stephens, director...
The commercial sector continues to flourish alongside the housing market in the Tri-City area, with several big-ticket building projects on the horizon.Here’s a few of them:In Richland:Lamb Weston has two new commercial buildings, one valued at $5.3 million and the other at $4 million, both planned at 2460 Saint St.Fisher...
A chunk of prime Pasco real estate is back on the auction block after no buyers stepped forward to snatch it up last year.The state Board of Natural Resources authorized the sale of more than 230 acres of vacant state trust land in Pasco earlier this month.The five parcels range...
A subdivision with 84 single-family residential lots and six commercial lots is taking shape just east of the Broadmoor Outlet mall in Pasco.And a nearby multi-family subdivision owned by the same company is poised to add more homes as well.The new subdivision, called Broadmoor Terrace, sits on 34 acres.Idaho-based Big...
