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Real Estate & Construction

Re briefs

Real Estate & Construction Briefs – May 2022

May 11, 2022
TCAJOB Staff
Physicians group to transform former bank into medical officeA group of physicians at Benton Franklin Orthopedic Associates, operating as 8200 Gage LLC, plan to remodel the old Banner Bank building at 8200 W. Gage Blvd. in Kennewick, across from Olive Garden, and turn it into a medical office.The work includes...
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Dreamhomesbrowning

Luxury market takes off while estate-worthy land lags behind

April 13, 2022
Wendy Culverwell
Nearly 5,000 new and existing homes sold in the Tri-Cities in 2021.While most would be considered midrange, a small but growing number carried seven-figure price tags.The top tier of the housing market tends to get overlooked in an economy where midrange homes – currently considered those in the $300,000-$500,000-plus range...
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Localbounti greenlandscape

Local Bounti ‘pauses’ $40M Pasco greenhouse

April 13, 2022
Wendy Culverwell
Local Bounti Corp., the Montana ag startup behind one of the biggest economic development wins in 2021, has “paused” construction of its $40 million greenhouse complex in east Pasco.The Pasco facility was supposed to be the second in a network of high-tech complexes where Local Bounti planned to cultivate lettuce,...
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Thunderbird gonzalez

Pasco will buy, demolish troubled Thunderbird Motel

April 13, 2022
Wendy Culverwell
The city of Pasco will raze the Thunderbird Motel and turn the site into a parking lot after reaching a $1.2 million deal to buy the “nuisance” property.The deal is expected to close by late April, with the city set to take possession by May 25.The city will demolish the...
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Housing construction

GMA is aggravating housing shortage in Tri-Cities, officials say

April 12, 2022
Wendy Culverwell
A young relative asked Jeff Losey if he should wait for the housing market to cool down before purchasing his first home.Losey, executive director of the Home Builders Association of Tri-Cities, said he advised against waiting.“The water level is what it is,” he said, referring to current home prices. “It’s...
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Bft quennsgaterendering

Transit hub to anchor development near Queensgate wine village

April 12, 2022
Wendy Culverwell
Ben Franklin Transit is embedding a transit hub into the heart of a future development in one of the most prominent retail corridors in south Richland.The transit agency will build its hub on a strip of land bordering the Southwest Richland Park & Ride, off Columbia Park Trail near the...
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Re briefs

Real Estate & Construction Briefs – April 2022

April 12, 2022
TCAJOB Staff
Report: Share of millennial homebuyers continues to riseThe share of millennial homebuyers nationwide increased significantly over the past year. This group also is the most likely generation to use the internet to find the home they ultimately purchase and most likely to use a real estate agent.This is according to...
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Great floors exterior

Great Floors sells real estate portfolio, including Kennewick store

April 12, 2022
Wendy Culverwell
Great Floors, the Coeur d’Alene, Idaho-based flooring chain, sold five locations in a $33 million sale-leaseback deal that includes its Kennewick location.The portfolio also included Great Floors stores in Coeur d’Alene, Spokane Valley, Lacey and Yakima.The buyers were mostly 1031-exchange investors from California and Western Washington – meaning they were...
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Sculpt crybuilt

Sculpt Wellness opens second location in emerging Pasco wellness mall

April 12, 2022
Laura Kostad
Business is booming for Sculpt Tri-Cities Wellness Center, with the March opening of a second location at Broadmoor Park off Sandifur Parkway in Pasco.In the wake of the Covid-19 pandemic, “people are just valuing their health more,” said owner Lindsay Kirby.“There’s definitely been a huge shift in what consumers are...
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Tt2

TT Center

April 12, 2022
Building Tri-Cities advertising
TT Center LLC expects to complete construction of a 4,125-square-foot multitenant retail commercial building at 4827-A W. Clearwater Ave. on April 20.The $1.2 million project features a modern, stucco exterior and three retail spaces in shell condition, ready to be customized for tenants. The center is east of Autozone and...
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