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Commercial Real Estate News

For Southeast Alaska

April 2020

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...
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Spring 2020

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...
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Winter 2020

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...
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Fall / Winter 2019

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...
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Summer / Fall 2019

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...
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Spring 2019

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...
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Winter 2018

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...
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Fall 2018

STREET CONSTRUCTION MOVES UP FRANKLIN STREET The City and Borough continues to push the construction of new street and sidewalk improvements farther up Franklin Street, according to a recent bulletin.  At present, the project is...
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Spring / Summer 2018
April 19, 2018

Spring / Summer 2018

CBJ CONTINUES ITS FRONT STREET RECONSTRUCTION PROJECT Planned in two phases, the Front Street reconstruction project is in full swing with the spring phase in its second month. This phase will end on June 1....
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Winter/Spring 2017-18

JUST WHEN YOU THOUGHT THAT THE HOUSING CRISIS WOULD CONTINUE INTO 2018, the City and Borough estimates that all residential vacancies total at least 5.5% of the available apartment inventory. This is in large part...
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