Commercial real estate is a thriving and important industry in the 49th State and Alaska Business has it covered. From property management and maintenance to budgeting, capital operations, and how to navigate the business of being a property owner, topics of interest surrounding commercial real estate property are as vast as Alaska itself. Let Alaska Business be your one-stop-shop for all commercial property news.
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The governor’s legislation allows eligible Alaskans to nominate up to 10 acres from the millions of acres of vacant, unappropriated, or unreserved state lands for DNR to offer for sale or lease as a remote recreational site.
Fidelity Title Agency of Alaska announced Paula Price has joined its team as Escrow Officer.
The pandemic has wreaked havoc on the economy and changed the landscape of commercial real estate in Alaska. The good news is that experts say it’s only a matter of time before the market rebounds.
“This funding will provide critical breathing room for both renters and their landlords… potentially avoiding a disastrous tsunami of evictions across the state,” says Bryan Butcher, CEO and executive director of Alaska Housing Finance Corporation.
The development brings the first 100 percent market rate apartment community to the Park Strip North district of downtown Anchorage in more than forty years.
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Meeting in the Middle
In January, when the Biden administration announced its ban on the future sale of oil and gas leases on federal land, the news understandably ruffled the collective feathers of Alaska’s oil and gas industry.