Real Estate

Developing and managing properties to maximize value

Commercial real estate is a core strength of CIRI’s business portfolio. CIRI owns, manages and invests in significant commercial and residential real estate developments in Alaska, Arizona, California, Texas and Hawaii. CIRI’s philosophy is to partner with industry-leading developers to identify opportunities, help build them into a sustaining businesses and create added value for CIRI shareholders.


CIRI Land Development Company

A wholly-owned subsidiary of CIRI with a strong, diverse real estate portfolio

CLDC

CIRI Land Development Company (CLDC) manages most of the real estate holdings for CIRI. CLDC combines a strong team of experienced professionals with expert partners to grow its strong portfolio of investments.

CLDC

Company Facts:

  • Manages real estate holdings and developments in Alaska, Hawaii and the Lower 48
  • Dedicated to making sound, long-term investments and to teaming with highly ethical and respectable partners
  • Provides a full spectrum of real estate services


Tikahtnu Commons

Alaska’s premier retail and entertainment center

Tikahtnu Commons

At 900,000 square feet, Tikahtnu Commons is CIRI’s largest real estate project and is a model of success when it comes to land development ventures. Together, CIRI and its partners have created an exciting retail and entertainment destination along with hundreds of jobs for shareholders and others.

Project Facts:

  • Home to major retail stores, restaurants, movie theatres and dozens of other businesses
  • Host to many businesses opening their doors in Alaska for the first time, including Target, Olive Garden and, in 2014, Texas Roadhouse
  • Developed in partnership with Browman Development Co. in 2007
  • $100 million investment covers 95 acres


Fireweed Business Center

A visionary building for Anchorage’s future

Fireweed Business Center

CIRI Land Development Company is developing the Fireweed Business Center on the former site of the Fireweed Theater in midtown Anchorage with its sights set on creating one of the most sought-after spaces for business in the city. The project will provide hundreds of jobs and millions in economic contributions to the local economy.

Visit fireweedcenter.com to learn more.

Fireweed Business Center

Project Facts:

  • Situated on 8.35 acres of prime real estate
  • Centrally located, with easy access to major thoroughfares
  • Energy efficient design that incorporates amenities and Alaska Native art


11,000 C Street

22 acres of retail and office space in fast-growing South Anchorage

11000 C Street

This 22-acre office and retail site is currently under development by CIRI Land Development Company and will initially feature a mixed-use campus of Class-A office and retail space on 13 acres. The first phase of the project has already been completed and features five buildings, among them a 40,000 square foot Class-A office building that became home to Doyon Limited and its family of businesses.

Visit 11000c.com to learn more.

11000 C Street

Project Facts:

  • Phase 1 is underway and covers 13 acres, with 144,000 square feet of Class-A office and retail space
  • Two-story state-of-the-art Doyon Limited building designed to LEED silver criteria
  • Phase 2 will develop the remaining nine acres for commercial or light industrial uses