Real Estate Blog

Fresno’s year in real estate: commercial development, reinvestment of old projects

The former Fresno Ag Hardware building at Blackstone and Gettysburg Avenues.
The former Fresno Ag Hardware building at Blackstone and Gettysburg Avenues.

Industrial and commercial real estate ruled the scene in 2015.

The residential sector stayed out of the limelight as home prices and sales seemed to stabilize during the year giving other real estate industries a chance to shine.

We saw a comeback in the industrial sector with developers racing to get new buildings online as demand for warehouse and production space increased. And two of the area’s most anticipated retail centers – Campus Pointe and Park Crossing – finally opened. We can’t leave out the flurry of housing development in downtown Fresno and the rebirth of Blackstone Avenue.

Here’s a look back at the big housing and development stories of 2015:

▪ The Fresno Housing Authority, which celebrated its 75th anniversary, opened its CityView housing development in downtown Fresno.

▪ Sierra Vista Mall in Clovis was sold at auction for $39 million.

▪ Charles Tingey, who started Charles Tingey Associates now known as Colliers International, died.

▪ William Saroyan’s house on West Griffith Way, west of Cooper Middle School, fell into foreclosure and was auctioned off.

▪ For the first time in years, Industrial developers begin construction on new warehouses and production facilities.

▪ Fig Garden Village shopping center sold to New York company for $106.1 million.

▪ First business – Sportman’s Warehouse – opens in Zinkin Development’s Park Crossing center on Friant Road.

▪ First dozen retailers open at The Square at Campus Pointe.

▪ Ramos Furniture buys old Fresno Ag building on Blackstone Avenue where a surge in reinvestment is helping to rebuild the business corridor.

▪ Pair of developers strike deal with city of Fresno to revitalize Granite Park.

BoNhia Lee: 559-441-6495, @bonhialee