LEASE SURVEY REVEALS WEAKNESS IN DEMAND FOR JUNEAU OFFICE SPACE. The owner of a major office building in Juneau tasked a Seattle based appraiser this October with completing a survey of leasing activity as observed...
LENDERS AND BUILDING OWNERS USE APPRAISERS TO ESTABLISH THE VALUES FOR COMMERCIAL PROPERTY. Lenders and building owners typically rely on Commercial appraisers to set a value on buildings of all types. This is to give...
INTERSECTION AT THE BRIDGE IS SOUTHEAST ALASKA’S BUSIEST. The second phase of work is underway on the Egan Expressway at the intersection of 12th Avenue and the Egan. Implemented with State funds, the project completes...
Alaskans are doing their best to navigate the uncertainties of weaknesses in the state economy, and the potential impacts of the Covid 19 virus which are arriving simultaneously on our doorsteps. An unfortunate double whammy...
FILLING THE BUDGET GAP AT THE STATE—ITS GENERATING MORE QUESTIONS THAN ANSWERS. Lawmakers are now in their second month of dealing with the Budget gap of $1.5 Billion dollars. Governor Dunleavy has proposed a state-sponsored...
GOVERNOR RELEASES 2020 BUDGET – THE FY 2021 OIL REVENUE FORECAST IS WEAKER THAN EXPECTED Governor Dunleavy released his 2020 budget on December 11, just after Revenue officials released their numbers reflecting a $186 Million...
OPENING BIDS FOR WATERFRONT LOT IN JUNEAU RANGE FROM $4.7 MILLION TO $20 MILLION Bids for the 2.9 Acre waterfront lot near downtown Juneau that is owned by the Mental Health Trust were opened September...
Summer/ Fall 2019 EGAN EXPRESSWAY UNDER CONSTRUCTION FOR TWO SEASONS INTO 2020 Egan Drive from the bridge to the intersection of main street is now under construction with improvements that will span two seasons according...
TOURISM RETAIL VACANCIES DOWN—AS TOURSHIP PASSENGER VOLUME INCREASES IN 2019 A noticeable trend is apparent along South Franklin Street—The number of retail vacancies is down considerably over last year, which is reflective of higher passenger...
LOCAL LENDERS OBSERVE NATIONWIDE TREND OF CLOSING BRICK AND MORTAR LOCATIONS Juneau, Alaska is observing the same trend seen in the lower 48: Brick and Mortar locations for bank and credit union branches are closing...
