10-27 biz briefs
Thursday, October 27, 2011
Development eyed along 192nd Avenue corridor
An application has been submitted to the city of Vancouver to build a 100-unit apartment complex and more than 20,000 square feet of office and retail space bordering the east side of Southeast 192nd Avenue south of 20th Street.
The retail project, called 192nd Avenue South, and the apartment project, Westridge South, are planned south of the existing 192nd Avenue Plaza, which houses tenants such as mortgage company Pinnacle Capital and east-side locations for Applewood Restaurant & Catering and Hula Boy Char Broil Restaurant.
A pre-application conference is set for Nov. 17 to discuss the project proposed by local developers Dean Kirkland and Tom Flies of Columbia Pacific Leasing and Income Properties.
Library designers receive architecture award
Designers of Vancouver’s new downtown library have received a design award for the project from the American Institute of Architects.
Seattle architecture firm Miller Hull Partnership designed the Vancouver Community Library on the southeast corner of C Street and Evergreen Boulevard.
The five-story, $38 million library includes north- and south-facing glass walls to preserve views for tenants of Vancouver’s historic Academy building just north of the library. The building also has11,000 square feet of space for books and a 4,000-square-foot early learning center, one of the largest in the country. There are also other spaces for kids and about 100 computer terminals, community meeting rooms, and a rooftop garden.
New-home sales tick up as builders slash prices
Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand.
Analysts say the modest increase on the back of reduced prices suggests the struggling housing market is years away from a turnaround.
The Commerce Department said Wednesday that sales increased 5.7 percent last month to a seasonally adjusted annual rate of 313,000 homes.
The annual pace remains less than half the 700,000 that economists say must be sold to sustain a healthy housing market.
Manufacturing orders spike shows firms still investing
Companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, a positive sign for the slumping economy.
An increase in demand for those types of durable goods suggests businesses are sticking with investment plans, despite slow growth and dismal consumer confidence.
Orders for so-called core capital goods rose 2.4 percent, the Commerce Department said Wednesday.