Creekside Commercial Realty of Yakima, Washington

Multi-Family (Apartments) as a Hedge - February 01, 2010 -

Multi-Family has always been a relatively "safe" investment over the years, as evidenced by the significantly lower cap rates that properties in this sector have traded at in past years. (While many shopping centers have traded in the 6.5 to 7.5% range, quality apartments in the same MSA have traded under 5%.)
Now, in the current economic climate, and with many (or most) median income and lower ...

Hawkes Building to Re-Start November 1! - October 27, 2009 - Subway has inked their deal with the Landlord, and the current Tenant, State Farm is on their way out to a new location in West Yakima. We wish them luck!
Onto development! We begin re-development of the property again right after Halloween, with Subway taking the hard-corner. A 1,500 SF retail/office space will be available for lease adjacent on the ground-floor, my new office upstairs facing ...

Former Hawkes Building Getting a Facelift, and Probably a New Name - June 16, 2009 - The former Hawkes & Sons Building on the corner of 2nd Street and Yakima Ave has begun an extensive renovation that has started with the complete demolition of the interior of both the upstairs and downstairs spaces. The turn-of-the-century building has 15'8" ceilings, skylights, original brick interior walls, and character galor.
The plan, at this point, is to continue with the stripping and ...

Former Food Pavilion Now Available in a More Manageable Size - March 03, 2009 -

The former Food Pavilion space, comprising over 67,000 SF of prime retail in the Gateway Shopping Center, is now being conceptually demised by its owner and management company, Wallace Properties of Bellevue, WA. The former grocery store has been vacant ever since Associated Grocers (now Unified Grocers) closed its doors as a result of a bankruptcy. The space, a typical large-format grocery ...

Wheatland Bank Purchases Yakima Building (Park Square on Yakima Ave) - February 03, 2009 - AS REPORTED AND WRITTEN BY MAI HOANG OF THE YAKIMA HERALD FEBRUARY 2009:
A Spokane-based community bank began its expansion plans by buying the building where it opened last April.

Wheatland Bank, which specializes in commercial and agricultural lending, purchased Park Square, a 10,000-square-foot building at 211 E. Yakima Ave. for $1.9 million earlier this week.
Susan Horton, the bank's ...

Food Pavilion Space Ready to Demise & Lease - January 28, 2009 -

The former Food Pavilion space, comprising over 67,000 SF of prime retail in the Gateway Shopping Center, is now being conceptually demised by its owner and management company, Wallace Properties of Bellevue, WA. The former grocery store has been vacant ever since Associated Grocers (now Unified Grocers) closed its doors as a result of a bankruptcy. The space, a typical large-format grocery ...

Multi-Family (Apartments) as a Hedge - November 24, 2008 - Multi-Family has always been a relatively "safe" investment over the years, as evidenced by the significantly lower cap rates that properties in this sector have traded at in past years. (While many shopping centers have traded in the 6.5 to 7.5% range, quality apartments in the same MSA have traded under 5%.)
Now, in the current economic climate, and with many (or most) median income and lower ...

The Importance of Covenant Tenants in Today's Economic Climate - November 12, 2008 - With today's financing constraints, increased equity requirements, and retailers both slowing down and even completely pulling out of projects, securing covenant tenants is both ideal and necessary. So what is the difference between a tenant with a signature and a long-term lease, and a covenant tenant? What makes one better than the other if they have both signed contracts and offered a ...

Former Food Pavilion Now Available in a More Manageable Size - November 05, 2008 - The former Food Pavilion space, comprising over 67,000 SF of prime retail in the Gateway Shopping Center, is now being conceptually demised by its owner and management company, Wallace Properties of Bellevue, WA. The former grocery store has been vacant ever since Associated Grocers (now Unified Grocers) closed its doors as a result of a bankruptcy. The space, a typical large-format grocery ...

Retail Development and the Freeze...Brrrrr! - October 31, 2008 - Are we in a recession? By pure definition, we are just one fiscal quarter away from "officially" being awarded with that title. But what does that mean when looking at new retail development now and in the near future? How has the economy with regard to credit, consumer expenditure, and available capital gain exchange affected new retail development growth? Gone are the days of being able ...