Bellingham Business Journal, November 02, 2015

Page 1

Vol. 23 No. 11

November 2015 New wine bar opening in challenging Arts District space [Page 8]

The Buzz Third quarter housing sales hit 10-year highs Housing sales and prices are up across much of Whatcom County. Also, the weak Canadian dollar has had some strange effects on the market for second homes in Birch Bay and east Whatcom County. HOUSING, 14

Opportunity Council turns 50, appoints new executive director

The current and future leader of the local community action agency sat down with the BBJ to discuss the nonprofit’s past and future. OPPORTUNITY COUNCIL, 4 Chinese investors based in Vancouver, B.C., bought CJ’s Beach House, shown above, and the Sea Links Golf Course for $2.35 million in 2012. Patrick Starr, a real estate broker who represented the buyer, said Chinese investors are again interested in Whatcom County. [OLIVER LAZENBY PHOTO | THE BBJ]

Could Chinese investment return to Whatcom County?

Business owners: you can’t do it all on your own; use local resources.

Foreign investors spent millions on Whatcom County properties between 2011 and 2013

RESOURCES, 20

With China’s economy slumping more investment could be on the way In his office on Newmarket Street in the Barkley District, Patrick Starr entered search terms into an online real estate database and came up with a list of properties for sale for more than $4 million in King County. An untrained eye might not have noticed the prevalence of the number eight in the listings. Properties appeared on the screen for $4,088,000, $6,088,000, 10,888,000, $5,488,880. But to Starr, a Whatcom County commercial real estate broker with John L. Scott, the eights meant something. The number is lucky

in China; the properties are being marketed investors, said Mike Kent, a real estate consultoward Chinese investors looking for a safe tant in Blaine. Kent represented the sellers in investment, Starr said. many major sales. He knows because, as perhaps the only Since then, Whatcom County hasn’t seen Chinese-speaking commercial real estate bro- any high profile transactions, he said. ker in the county, he also markets properties to Chinese investors. In a two-year period ending in July 2013, Investment, PAGE 16 Starr represented Chinese investors who bought more than $25 million in highpriced commercial real estate, including the Birch Bay Waterslides, Horizon at Semiahmoo, and Sea Links Golf Course and CJ’s Beach House in Birch Bay. WE SELL AND BUY: • Refurbished and Pre-Owned Apple iPads, iPhones and iPods At that time, the majority of sales in • Refurbished and Pre-Owned Barcode Scanners, Printers, Parts, north Whatcom County went to foreign

Self management is today’s management. MANAGEMENT, 22

MOBILE TECHNOLOGY COMPANY Batteries and Accessories • We offer a quality pre-owned product for a fraction of the cost of new!

WE REPAIR (touch screens, LCD, battery replacement and more):

• Apple iPads and iPhones • Barcode Scanners, Printers • We offer quality one-time flat-rate repairs as well as annual repair contracts

OTHER SERVICES:

• Rent/Lease both small and large quantities of iPads, iPods and Barcode Scanning Equipment • Battery management/refurbishment program for barcode scanners

LOCATION

7044 Portal Way Box 120 Unit K4, Ferndale WA 98248

1443396

BY OLIVER LAZENBY The Bellingham Business Journal

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