Business to Business Exploring the all-new health care system. 23
South Sound Selling How many people are talking about your service? 23
$2.50
INSIDE October 28, 2013 | Volume 29 No. 22
NEWS
BABY BOOM
energy,” said Herb Simon, member of Simon Johnson, LLC, which owns the Commerce and Key Tower buildings, at 950 Pacific Ave. and 1119 Pacific Ave., respectively. “The fact that a major, major tenant and
See OFFICE SPACE, page 3
See HERITAGE, page 4
FOCUS
PROGRESS
Store manager Stephanie Johnson of Tacoma’s Best Loved Baby adjusts the straps on a Diono car seat. The store’s staff expressed excitement over the local car seat company’s newly announced partnership with Little Tikes.
Puyallup’s Diono pulls off big deal with Little Tikes By Holly Smith Peterson hpeterson@BusinessExaminer.com
Grassi’s finds home, heritage in University Place 14
INDEX
fers 100-plus items in 54 countries, and has offices in seven different countries, so the Little Tikes partnership is icing on the cake for a very successful yet under-the-radar local business.
See DIONO, page 6
State Farm ups demand, rental rates downtown By Katie Scaff kscaff@BusinessExaminer.com The future seems to be bright for Tacoma and State Farm is the guiding light. The insurance company’s move is paving a path for others to bring their business downtown.
Since State Farm announced its plans mid-April, rental rates have increased, several new tenants have signed leases for office space downtown and existing tenants have started renewing their contracts earlier. “What I am sensing is a sense of
6 89076 06449
1
People on the Move.........................18 Featured List....................................19 Scene & Heard.................................20 For The Record.................................21
Parents using booster seats, strollers and travel gear for their children will have some bright new options from industry leader Diono through 2020. Best of all, you’ll be
purchasing local. That’s because Diono, a Puyallup-based company, just partnered with international toy and child accessories titan Little Tikes in a seven-year international license agreement to create more than 50 new products. Already, Diono of-
By Arnie Aurellano arniea@BusinessExaminer.com
Olympia’s Heritage Financial Corporation, along with Washington Banking Company of Oak harbor, announced today that the two companies will enter a strategic merger. The move will result in one of the largest bank mergers between two Washington banks, with a transaction valued at approximately $265.1 million. The deal is expected to close in the first half of 2014. The news comes on the same day that Heritage — parent company to Heritage Bank — announced its third quarter results, with a net income of $3.3 million for the months of July through September. That’s an increase from both the $2.9 million net income from the same quarter last year, and the $2.7 million net income of 2013’s Q2. In commenting about the quarter, Heritage President and CEO Brian L. Vance mentioned another trio of recent acquisitions for the company. “We are beginning to see the tangible results from our acquisitions of Northwest Commercial Bank and Valley Bank and the merger of our Central Valley Bank subsidiary into Heritage Bank,” said Vance. “Our capital ratios continue to be very strong and
Grocery worker union strike averted with last minute deal 4
Quest Inspar designs robots to give second life to South Sound drinking water pipes 10
Heritage announces merger with WBCO
PRSRT STD US POSTAGE PAID TACOMA, WA Permit No. 308