In addition, PetSmart Inc. recently signed a letter of intent to lease a 30,000-square-foot store at the mall. The store will include PetsHotels, a pet spa and hotel, CIRI said. Construction is expected to start this summer, with the store opening early next year, CIRI said.
The company said the mall's smaller shop and restaurant pads are about 80 percent leased. Signed tenants include IHOP, Subway, Marble Slab Ice Cream, GCI, AT&T, Great Clips and Sally Beauty.
CIRI and its partner, Browman Development Co., are negotiating a lease for a 17-screen movie theater and are doing feasibility studies for a hotel, CIRI said.
Two big stores opened at the mall in April: a 90,000-square-foot Kohl's department store and a 140,000-square-foot Lowe's home-improvement store.
Separately from CIRI's report, Sports Authority said that for its first week at its new stores everyone who goes to the new stores will be entered to win a memorabilia item from a sports star, with one given for each day. The autographed memorabilia are a basketball by LeBron James, a football helmet by Joe Montana, a hockey jersey by Patrick Roy, a baseball bat by Cal Ripkin Jr., a tennis racket by Roger Federer, a soccer ball by the 1999 U.S. Women's World Cup team, a snowboard by Steve Fisher, a skateboard by Tony Hawk and a softball by Jennie Finch.
Northrim Bancorp sees drop in first quarter
Northrim Bancorp Inc. has reported first-quarter profits of $2 million, down 8 percent from the same three months of last year. The Anchorage-based banking company has seen an increase, compared with early last year, in its loans where payments are past due or the borrower isn't paying at all. But compared with last year's fourth quarter, Northrim's loan portfolio looks stronger.
Its "nonperforming assets" -- loans to borrowers who've stopped repaying, loans in which payments are 90 or more days past due, restructured loans and foreclosed real estate -- totaled $35.3 million, or 3.6 percent of all assets, as of March 31. That compares with $23.2 million a year earlier, and $38.6 million on Dec. 31. Marc Langland, chief executive, said Northrim's capital position "is very solid." Joe Beedle, chief lending officer, said, "We are starting to see improvement in the overall portfolio and our credit quality, with a decrease in loans 90 days past due, which are down significantly from a year ago."
Total assets -- more than two-thirds of them are loans -- were $993 million as of March 31, down 1 percent from a year earlier. Liabilities -- mostly deposits -- totaled $886 million, also down 1 percent, the company said.
The company's mortgage business grew as low interest rates spurred refinancings. First-quarter operating income from this affiliate reached $848,000, up from $33,000 during the same months of last year, Northrim said.
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