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Real Estate
 Joe Nabbefeld Real Estate Editor |
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March 15, 2001
Real Estate Buzz: Wright Runstad tightens its belt
Wright Runstad & Co. laid off five staffers and mothballed at least one office project to become the area's first major developer to say the market slowdown looks like more than a temporary glitch.
"We basically have acknowledged that reality," said Chairman Jon Runstad. "It's highly unlikely that the projects we have under development will be able to start in the near future, so we've stopped pre-development expenditures to the greatest extent possible. ... We're matching the staff to the work that we have to get done."
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Previous columns:
- Real Estate Buzz: Walla Walla duo take over Boeing Field hotel, 03-08-2001
- Real Estate Buzz: Pinnacle starts its first military housing, 03-01-2001
- Real Estate Buzz: AG selling big Kent warehouse, 02-22-2001
- Real Estate Buzz: Triad buys Ballard site, 02-08-2001
- Real Estate Buzz: Amazon shedding space? Bring it on, 02-01-2001
- Real Estate Buzz: Competitors team up at Blatteis Realty, 01-25-2001
- Real Estate Buzz: Opus keeps churning it out in Fife, 01-18-2001
- Real Estate Buzz: Horizon snapping up deals in Tacoma, 01-11-2001