Lighthouse Commercial Real Estate
Every month, Lighthouse Commercial Real Estate features a lighthouse. These lighthouses have guided many a captain safely to port. These magnificent beacons and their operators are an important fabric of American industry and we simply love to share their stories.
The Five Finger Islands Light in Frederick Sound, Alaska, was the first U.S. lighthouse built in what would become the nation’s 49th state.
The first Five Finger Islands beacon cost $22,500 and was lit on March 1, 1902. The Sentinel Island Lighthouse in Lynn Canal, Alaska, also was lit the same day. However, construction of Sentinel Island was not completed until after the Five Finger Islands Light was finished, which made Five Finger Islands the first official lighthouse in Alaska.
The original structure at Five Finger Islands burned down in December 1933 when the lighthouse keepers tried to thaw some frozen pipes with blowtorches. A concrete, Art Deco-style tower that was practically fireproof was built on the site in 1935 as part of President Franklin D. Roosevelt’s public works program.
It was automated on Aug. 14, 1984, and was the last lighthouse in Alaska to do so.
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We are very passionate about lighthouses. With today’s technology and services such as GPS there isn’t the same need for actual lighthouses that there once was. Having said that, when times are most difficult and the stormy seas erupt, it is not uncommon for electronics and communications to be knocked out of commission. Even today, a captain in distress will seek out the lighthouse on shore for clear direction and safe harbor.
We love the lighthouse analogy for commercial real estate. Captains of industry, even with the most thought out plans and experience, can find themselves in troubled seas. Uncertainty in life can arrive at any occasion. Our mission at Lighthouse Commercial Real Estate is to be that clear beacon of hope and trust that you need when clear direction is needed most. Your business life may depend on the commercial real estate decisions you make.
Read the Lighthouse Commercial Real Estate story here, and please join our community, Captain.