olympia: Where have all the developers gone? - 07/08/08 09:39 AM
With financing hitting one of it's hardest times smaller builders have found themselves over leveraged and holding too many properties.  Some have turned these into rental properties, some have given up and are losing the half completed homes to the bank and yet others are buying all the homes they can.
Where did the big guys go?  Half completed developments surround us, final plat approvals suddenly are taking longer than expected.  Those on short plat schedules are dragging their feet so they aren't forced to close.  So what's the story.
The real story is this.......timing.  Why would you close now or … (5 comments)

olympia: Wanna Make some Money? Must Read Entire Article. - 05/07/08 05:50 AM
Once again the growth management act has created headaches for the retail industry especially large end users in need of general commercial zoning or similar.  Due to the state legislation of the growth management act many parcels have changed zoning to include high density corridor designations or mixed use densities.  This has created the residential over retail design as well as the need for "mixed use" conferences and meetings from the international council of shopping centers.
Don't get me wrong, the higher density does help us maintain our rural lands and preserve the lands in a much more natural way.  Although my … (1 comments)

olympia: IRS Tax Relief and 1031 Exchange Update - 12/13/07 01:50 PM
Due to the flooding  throughout Washington State, the IRS has updated their 1031 exchange deadlines for qualified candidates.
Please see the information on the IRS website for more information, here is a portion of those affected by the flooding in Washington.  Other areas also are candidates for this delay including Oregon, and areas in California affected by the wildfires.
Here are the details for the disaster area in Washington. 
The disaster area consists of Grays Harbor and Lewis counties.
Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts falling on or after Dec. 1, 2007, and … (0 comments)

olympia: Olympia Washington and the Retail Debate - 10/29/07 03:24 AM
Will the ever changing Westfield Mall lose it's prized retail core status of Olympia within the next 10 years?
Short answer - YES
With new developments along the I-5 corridor approximately 10 miles North in the Hawks Prairie area, national retailers will begin making choices as to which location optimizes their visibility.  Sure West Olympia still has the population and good demographics, but Hawks Prairie is growing, has Fort Lewis troop increases and an ever rising household income.
I believe all these items combined will cause the "new downtown" of Lacey to emerge as the new retail capitol of the Olympia area.  The next … (0 comments)

olympia: So you want a gas station huh? - 10/23/07 12:07 PM
Today I received a phone call from a prospective client who was in the pursuit of a dream job as a gas station owner.......don't laugh.......some of them do quite well.
As we discussed a few of the listed stations (as most know everything in commercial real estate is for sale for the right price) he began wavering on wanting a station.  After we had discussed that credit cards charge the gas station owner on average 6 cents per dollar for a transaction and that margins in tough markets are only 15 cents per gallon.  It became evident that all he'd be doing with … (4 comments)

olympia: Briggs Village Update - 10/19/07 06:20 AM
The 137 acre master planned community is getting closer and closer as each day passes to realizing the dream that the Briggs Family began back in 1991.  Architects NBBJ initiated the first drawings of the master planned community in 1996 and finally with road improvements and the infrastructure in we are seeing some dramatic changes.
Even more exciting is the possible announcement of an anchor and identification of some of the retail components that will be added to the Village within the next year.  As the Development team continues their progress with the Central Phase and the final platting required to move … (0 comments)

olympia: Are you too serious? - 10/18/07 06:34 AM
Isn't it great when you receive 400 comments in one day on a meaningless blog?
Or even better when you get 3 transactions started in one day based on a previous interaction with one individual?
Have you ever wondered why when you are on vacation you receive more calls and typically do more business than when you are trying?
For some reason this has happened to me so many times now that I am not surprised by it but am excited and happy to share the comedy with the world.  I'm convinced your clients can sense the dollar signs in your eyes if you … (11 comments)




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