This month, Spire had a deal fall through due to volatility and uncertainty in federal funding, federal grants, and state and federal projects. The client shared, “We’re hoping to chart a course through this volatility. We are optimistic that the Department of Defense projects will be less adversely impacted than other types of federal funding and grants. If the DOD projects move forward, we should be all right.”
On the flip side, we had a couple of recent closings with Spire Commercial clients:
We also have a transaction that is set to record today.
Interestingly enough, as I write this, the State of Alaska’s Recorder’s Office is “down.” In a statement on their website, they shared: “We are currently unable to process payments and recording requests due to networking issues. Sorry for any inconvenience this might cause. We will resume processing as soon as we are able.” This is a big deal, and it’s unclear what’s going on. Fingers crossed we can record today!
We recently got the listing for 12,200 SF of warehouse/office space in Midtown:
12,200 SF (~9,645 SF warehouse + ~2,535 SF 2nd-floor office) in Midtown Anchorage. Conveniently located at Fireweed & Fairbanks Street, just a stone’s throw from the New Seward Hwy and Northern Lights Blvd. Features include two dock-high doors, a 12x18 overhead door, 3-phase power, a mezzanine, private restrooms, and more. On-site/off-street parking available.
We also have a 2,700 SF retail/office suite FOR LEASE at 557 E. Fireweed Lane #A, featuring many of the same amenities as Suite #C, but without the large warehouse.
Additionally, we have a listing coming soon for office space at 620 E. Whitney Road. If you or anyone you know would like to be close to the port, the Alaska Railroad, and the industrial businesses in the area, send them my way!
The low-snow year has been great for those conducting due diligence this winter. Roofs and ground have remained relatively exposed for this time of year—much to the benefit of sellers and buyers alike, and to the chagrin of winter sports enthusiasts. As the days rapidly get longer, it seems to be translating into more activity in the commercial real estate market. We saw a small increase in showings, calls, and general inquiries about our listings this week.
Some of my hockey friends are already talking about golfing… I, for one, am tempering my expectations for an early spring, but I would welcome it nonetheless.
I hope everyone enjoys the Fur Rondy festivities and the Iditarod ceremonial start tomorrow.
– Ryan
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