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Around Tulare County: The Latest

February 3,2016-

Be Patient
Screen Shot 2016-02-03 at 8.34.37 AMStill waiting for Nordstrom to make a decision on where they will build their new 1000 job distribution complex – in Fresno or Visalia? One intangible Visalia has going for it is the neighborhood. The Fresno site, off Jensen, is next to Fresno’s famous trash mountain, the original Sanitary Landfill that is – don’t laugh – on the National Register of Historic Places and highly visible off Hwy 99 as you head into town.The Visalia site is next to two modern distribution centers on the north end of well landscaped Plaza Dr. Could be about a month before we hear.
Done Deal
Tulare County will pay $15.2 million to buy what was once the Cigna owned complex, now owned by the Weingart Foundation.The Visalia property is 14.44 acres that includes a modern 180,000sf office building that will be used by the county, and partially leased-out to  Cigna, IRS and Pearson.
Get Pretty
Ulta Beauty will open a 10,000 sf store in Porterville later this year. The fast growing beauty supply retailer will lease as well as add on to a building in the Target shopping center on Henderson.
Mooney Moves
Some moving around on Mooney. JoAnn Fabrics will lease the vacant Circuit City building on south Mooney in the Walmart shopping center,a 21,000sf building that has vacant since 2009. JoAnn Fabrics will relocate from their current 35,000sf building just up the block at Mooney and Caldwell.The good news that that this space will be back-filled by an unnamed grocery store.
Screen Shot 2016-02-03 at 8.32.00 AMMore Pizza
Visalians should get ready to study Pieology, a new fast service pizza restaurant coming to south Mooney. The chain claims to build a better pizza. Pieology will open a 2400sf eatery with inside and outside dining in the Dicks Sporting Goods center, the old Coldstone Creamery location, in the next few months.
Best Since 2007
Builders in Visalia permitted 23 new homes in January 2016, up from 20 in the same month in 2015. For all of 2015 Visalia permitted 509 new homes, up for 419 in 2014 and the best year since 2007. The city saw 106 new multi-family units in 2105 – also the best number since 2007.
California Home Sales Bounce Back
Existing, single-family home sales in the state totaled 405,530 in December- up 9.6 percent from November and up 10.7 percent from December 2014. December’s statewide median home price was $489,310, up 2.6 percent from November and up 8.0 percent from December 2014.
Median Price/Sales Move Higher Here
In Tulare County the median sales price of an existing home climbed to $196,210 in December – up from $178,620 a year earlier. Sales were up 17.6% from December 2014.
Auto Parts Company
Hanson Distributing will open a 10,000sf auto parts warehouse on Doe Ave in the Buzz Oates industrial park.

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