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Latest News

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Rental reset: Multifamily occupancy dips in early 2024

Oversaturation of apartments contributes to increased vacancy rates
June 20, 2024
Erica Bullock

Spokane County's multifamily market is shifting from one extreme of being underbuilt to one of oversaturation with more new units on the market in 2024 contributing to higher vacancy rates than last year. 

 


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Addiction recovery nonprofit breaks ground on new building

Faith-based organization expands reach at West Plains campus
June 6, 2024
Dylan Harris

Adult & Teen Challenge Pacific Northwest is building a new outpatient facility at its men’s campus in Spokane.


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Port of Pend Oreille studies potential developments

Contracts with Spokane-area consultants focus on three sites
June 6, 2024
Karina Elias

The Port of Pend Oreille is carrying out feasibility studies to determine the best use of nearly 200 acres of undeveloped land. 


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Wicks launch third community newspaper

New publication covers Airway Heights, Medical Lake, Fairchild AFB
June 6, 2024
Dylan Harris

Ben and Danica Wick launched The West Plains Stream in February, a community newspaper covering Airway Heights, Medical Lake, and Fairchild Air Force Base.


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INW manufacturing employment increases along with major projects

Nine of 10 largest manufacturers add staff over past year
June 6, 2024
Karina Elias

Spokane-based manufacturers have increased their workforces steadily, bucking national trends for automation, and investing further in growth and expansion. 


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Catching up with Spokane manufacturer Wilbert Precast

Company foresees growth under its fifth generation of family leadership
June 6, 2024
Mike McLean

Wilbert Precast Inc. is continuing to grow and diversify its product line as the Spokane-based concrete manufacturer nears 120 years in business.


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Big-box retailer considers Liberty Lake

Details are sparse, but envisioned membership-based store has traits of a Costco outlet
June 6, 2024
Dylan Harris

A membership-based big-box retailer appears to be planning a new store and gas station in Liberty Lake.


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Franklin Park shopping center adds two retailers

Bath & Body Works and Boot Barn to occupy part of old Bed Bath & Beyond
June 6, 2024
Erica Bullock

Kimco Realty Corp. has announced two new tenants at Franklin Park Commons shopping center, in Spokane.


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SNAP plans affordable senior complex in Valley

Most funding has been secured for $10 million project
June 6, 2024
Erica Bullock

Spokane Neighborhood Action Partners is developing a 60-unit senior residential complex, at 8001 E. Broadway, in Spokane Valley.


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Five Takeaways: Mid-Year Economic Outlook with Avista Corp. Chief Economist Grant Forsyth

June 6, 2024
Linn Parish

The Journal of Business hosted Grant Forsyth, chief economist for Avista Corp., for its most recent Elevating The Conversation podcast.


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