The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.

Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Monday, April 30th, 2007
Posted by C.R. Roberts @ 03:30:04 pm

The Puyallup Tribe of Indians and SSA Marine Inc. today announced an agreement to develop 180 acres into a new marine terminal at the Port of Tacoma. The terminal will be built along the Blair Waterway where the tribe once operated its original Emerald Queen Casino.

Other tribal land, which now stands empty, will be used along with SSA-owned land as as a marshaling yard and storage area for containers.

SSA Marine will transfer to the tribe 52 acres as part of the deal, and will operate the terminal under a lease agreement. The company will also bear the cost of development and any environmental remediation, said John Weymer, tribal spokesman.

The company will spend $300 million for initial development of the terminal, Weymer said. Details of a “long-term lease agreement” were not released. No public funds will be used in the development of the property.

The Puyallup Tribe originally received the port property as part of a land-claims settlement. SSA Marine is the largest U.S.-owned, and the largest privately held container terminal operator and cargo handling company in the world, and serves 120 locations around the globe.

Categories: Port and trade
Posted by Kelly Kearsley @ 02:11:23 pm

Tacoma-based Labor Ready acquired Skilled Services Corporation, a skilled construction trades staffing company, the company announced today. SSC has 21 locations around the country.

Labor Ready paid about $25.5 million for the Florida-based company.

The Tacoma staffing company first entered the skilled construction trades market in 2005 with its purchase of CLP Resources.

CLP has since seen significant growth, adding 21 branches to the 51 that Labor Ready purchased.

Steve Cooper, Labor Ready CEO, said SSC's management team will stay in place. SSC President Mark Curtiss will head the SSC operations and report to Noel Wheeler, CEO of CLP Resources.

Categories: General
Posted by John Gillie @ 01:46:57 pm

The preliminary groundbreaking date for a new boutique hotel on Tacoma's near-downtown Foss Waterway has now slipped from May to mid-June.

There's been no official announcement, but that's the best educated guess from Don Meyer, the head of the Thea Foss Waterway Development Authority, which owns the land where the combination hotel and condominium project will be built.

The new hotel, repeatedly delayed while the potential developers redesigned the project to make it pencil out financially, will serve a higher end market than the existing major hotels downtown, the Sheraton and the Marriott Courtyard with its waterfront location.

Tacoma's other waterfront hotel, the Silver Cloud on Ruston Way, enjoys the highest occupancy rate of any major Tacoma hotel.

Categories: Aerospace
Posted by John Gillie @ 01:37:03 pm

Bill Boyer, a former Alaska Airlines baggage handler and Lakewood espresso stand entrepreneur who now owns Hawaii's Mokulele Airlines, says his growing airline has a new financial angel.

Dorvin Leis, head of Hawaii's largest mechanical construction firm, has invested several million dollars in Boyer's commuter airline, the airline said Monday.

Boyer made his fortune by inventing and marketing a portable digital movie player for the transportation industry. Boyer sold his digEplayer to a Salt Lake City firm and bought Mokulele.

That airline, now has a deal to serve as a feeder airline for a new Hawaiian carrier go! owned by Mesa Airlines.

Mokulele is investing in four new single-engine, 9-passenger Cessna Caravans to fly its routes among the Hawaiian Islands. Service began earlier this month on go!Express' first route.

Categories: Aerospace
Posted by Marce Edwards @ 12:57:43 pm

PX00121 9-2.jpg

A new and improved Tacoma Mall is on the way. And it started today with the demolition of the former Mervyns store at the west side of the shopping center to make room for a new Nordstrom.

The demolition is projected to take about a month. Once the building is down, the mall will begin constructing a two-story, 144,000-square-foot Nordstrom that is scheduled to open in the fall of 2008.

The current Nordstrom store will be turned into a lifestyle center that will include restaurants and shops.

Categories: Shopping