Construction + Real Estate
Tri-Cities Area Journal of Business’ full-color glossy magazine Focus: Construction + Real Estate in the Tri-Cities provides an overview of the area’s major real estate and construction projects and building trends in the area. This magazine is published in the fall.
Market Overview: 2021: The year the Tri-Cities hit 300,000 – and its stride
History will remember the early 2020s for the devastating coronavirus pandemic, the shutdowns, the economic chaos. It would be easy to assign the booming construction scene of 2021 to a Covid-19 recovery. The bounce back may be real, but population and job growth are the real drivers of the diverse array of construction occurring in…
Residential Growth: Tight home supply drives up prices
Homebuilders face familiar headwinds in 2021 – finding enough places to build new homes, hiring enough workers to build them and sourcing enough building materials to build with. Add in Washington’s new energy code, which took effect this year, and it’s a challenging time to be a residential developer. But the local and regional builders…
Commercial Real Estate: Private investment dominates commercial picture, for now
Private investors are pouring hundreds of millions of dollars into Tri-City commercial construction in a shift from recent years, when school construction and public projects, such as Richland’s Duportail Street bridge and fire stations, dominated the sector. Fueled by low interest rates and a backlog of projects booked in the busy pre-pandemic days, privately funded…
Port of Benton: Port embraces Hanford history, tourism and infrastructure during pandemic
Despite a global pandemic leading to rising construction costs and difficulty obtaining materials throughout the U.S., the Port of Benton has tried to make good use of 2021, focusing on its infrastructure to attract new business to the Mid-Columbia. Diahann Howard, executive director, said tourism is a big driver of its economic mission, but the…
Port of Kennewick: Vista Field, Columbia Gardens ready for sale
Almost a decade after closing Vista Field, the Port of Kennewick is poised to start selling land and to welcome new construction after challenges and delays brought on by the Covid-19 pandemic. “Everything has to be talked about against the backdrop of where we’re still at in 2021,” said Tim Arntzen, the port’s chief executive…
Port of Pasco: Industrial expansion targets open land
The Port of Pasco is set to become the home base for the largest milk protein facility in North America – employing hundreds of people with well-paying jobs at a new Darigold facility that will anchor the Reimann Industrial Center. Darigold Inc. expects the project to employ more than 1,000. Those at the plant will…
