Real Estate & Resources
CIRI owns more than 600,000 acres of surface land in Alaska, the Lower 48 and Hawaii.
The Cook Inlet Land Exchange and subsequent business dealings have enabled CIRI to become the largest private landowner in Southcentral Alaska and helped the company acquire substantial real estate holdings in Texas, California, Hawaii and other states.
In 2006, the company developed a strategic real estate plan that sets guidelines and goals to help CIRI build a diverse real estate portfolio that blends well with its other interests. CIRI is taking advantage of current market conditions to pursue real estate development opportunities in Alaska and other states.
Real estate projects the company is currently involved in include the development of a regional shopping center on a 95-acre parcel of CIRI land in northeast Anchorage, a mixed-use project that could include a large office complex, hotel and retail space on 22 acres of CIRI land in the San Antonio area of Texas, and a potential office building on a 9-acre CIRI-owned site in the Kearny Mesa area near San Diego, Calif.
Click here to view the regional shopping center layout design.
Resource development
CIRI owns some 1.3 million acres of subsurface land in Alaska and is pursuing several resource-related opportunities. Continuing high world energy prices are encouraging oil and gas resource exploration and development on CIRI lands and elsewhere on the Kenai Peninsula. CIRI expects this trend to continue in 2007.
