• Home
  • About Us
  • Subscribe
  • Advertise
  • Newsroom
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • Current Issue
    • Latest News
    • Special Report
    • Up Close
    • Opinion
  • News by Sector
    • Real Estate & Construction
    • Banking & Finance
    • Health Care
    • Education & Talent
    • North Idaho
    • Technology
    • Manufacturing
    • Retail
    • Government
  • Roundups & Features
    • Calendar
    • People
    • Business Licenses
    • Q&A Profiles
    • Cranes & Elevators
    • Retrospective
    • Insights
    • Restaurants & Retail
  • Supplements & Magazines
    • Book of Lists
    • Building the INW
    • Market Fact Book
    • Economic Forecast
    • Best Places to Work
    • Partner Publications
  • E-Edition
  • Journal Events
    • Elevating the Conversation
    • Workforce Summit
    • Icons
    • Women in Leadership
    • Rising Stars
    • Best Places to Work
    • People of Influence
    • Business of the Year Awards
  • Podcasts
  • Sponsored
Home » Big media company buys building on East Sprague

Big media company buys building on East Sprague

Clear Channel to consolidate six stationsÂ’ offices, studios in former Bovay building

February 26, 1997
Kim Crompton

Clear Channel Communications Inc., a big San Antonio, Texas-based, diversified-media company that recently acquired six Spokane radio stations as part of a huge transaction, has bought a 16,500-square-foot building at 808 E. Sprague and plans to consolidate all of the stations offices and studios there.


Kosta Panidas, general manager for the Spokane stations, says the move probably wont occur until next fall, after remodeling work and site improvements have been completed at the building. He says the total cost, counting the cost of buying the building, will be probably a couple million dollars.


The radio stations that will be involved in the move are: KISC-FM (98.1), KKZX-FM (98.9), KNFR-FM (96.1), KCDA-FM (103.1), KAQQ-AM (590), and KUDY-AM (1280). Altogether, they employ about 85 people here.


Three of the stations currently are located in a 6,000-square-foot building at 300 E. Third, and the other three are located at 5106 S. Palouse Highway.


Right now we have some real challenges in the procedures between the two facilities, and consolidating the stations will eliminate those problems, Panidas says. Clear Channel plans to sell the Third Avenue property, but will keep its Palouse Highway property so it can maintain tower facilities there, he says.


Weve been actually working on this project for a long time, Panidas says.


Triathlon Broadcasting Co., of San Diego, which formerly owned most of the stations, had planned to expand the building on Third Avenue this year to accommodate the Palouse Highway stations. That project, however, ran into complications, which led to the decision to buy the East Sprague site, Panidas says.


Meanwhile, the radio stations here went through a series of ownership changes. Clear Channel Communications became their latest owner in late August when it acquired Dallas-based AMFM Inc. in a $24 billion transaction. The deal made Clear Channel the nations No. 1 radio operator, with more than 900 radio stations, as well as 19 television stations and 700,000 billboards. It has been acquiring additional radio stations since then and now owns well over 1,000, Panidas says.


The building on Sprague has been mostly vacant for about two and a half years, but before that had housed Bovay Northwest Inc., a former Spokane-based engineering and architectural firm.


Another engineering firm, Tetra Tech/KCM Inc., had been the most recent tenant in the former Bovay building, occupying a small portion of it, but that firm moved in August to a 2,500-square-foot leased space at 1235 N. Post.


Jeff McGougan, of Tomlinson Black Commercial Inc., handled Clear Channel Communications purchase of the former Bovay building.


Dan Cantu, of Kiemle & Hagood Co., and Robert Tyson, of Campbell Co., handled Tetra Techs move.

    Latest News
    • Related Articles

      Investor group buys building on East Second Avenue

      LeFavourÂ’s lends classic touch to East Sprague

      Big investor buys property on West Plains

    Kim Crompton

    2025 Icon: Kevin Twohig

    More from this author
    Daily News Updates

    Subscribe today to our free E-Newsletters!

    SUBSCRIBE

    Featured Poll

    How was the first half of the year for your business?

    Popular Articles

    • Stephanie vigil web
      By Karina Elias

      Catching up with: former news anchor Stephanie Vigil

    • 40.13 fc art
      By Tina Sulzle

      $165 million development planned at CDA National Reserve

    • Binw davebusters (72) web
      By Journal of Business Staff

      Dave & Buster's to open Spokane Valley venue in August

    • Stcu ceo lindseymyhre web
      By Journal of Business Staff

      STCU names new president, CEO

    • Centennial lofts
      By Erica Bullock

      Large Spokane Valley residential project advances

    • News Content
      • News
      • Special Report
      • Up Close
      • Roundups & Features
      • Opinion
    • More Content
      • E-Edition
      • E-Mail Newsletters
      • Newsroom
      • Special Publications
      • Partner Publications
    • Customer Service
      • Editorial Calendar
      • Our Readers
      • Advertising
      • Subscriptions
      • Media Kit
    • Other Links
      • About Us
      • Contact Us
      • Journal Events
      • Privacy Policy
      • Tri-Cities Publications

    Journal of Business BBB Business Review allianceLogo.jpg CVC_Logo-1_small.jpg

    All content copyright ©  2025 by the Journal of Business and Northwest Business Press Inc. All rights reserved.

    Design, CMS, Hosting & Web Development :: ePublishing