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Special Report

Grants to help Spokane design more diverse housing

City looks to leverage transit-oriented award
November 18, 2021
Dave Anderson
A 2020 report tagged Washington state with one of the 10 worst housing shortages in the nation, underbuilding by over a quarter of a million homes over the prior 15 years. Harvard University's Joint Center for Housing Studies documented the
Read More

Permits issued for three Spokane Valley projects worth $14 million

Triad Machinery, PODS, Krueger Sheet Metal plan new facilities
November 18, 2021
Virginia Thomas
Three commercial projects valued at a total of $14 million have been issued building permits recently by the city of Spokane Valley. Triad Machinery is constructing a new facility for sales, rental, and services of heavy equipment at 19201 E. Garland
Read More

Ace Hardware store to be constructed in Liberty Lake

15K-square-foot retail building, garden center envisioned, plans show
November 18, 2021
Erica Bullock
An Ace Hardware will be developed on a 2-acre vacant lot at 1425 N. Liberty Lake Road, in Liberty Lake, permit applications show. Preliminary site plans filed with the city of Liberty Lake show a 15,000-square-foot retail building with a garden center
Read More
Karina Elias

Brumback family realizes high-rising aspirations

Father-son team says Spokane seeing shift in multifamily market
November 18, 2021
Karina Elias
Donald G. Brumback, who goes by Gib, remembers when his son Nicholas Brumback was 10 years old and would ask, 'Dad! Why don't you build a skyscraper?” Gib says he would respond, 'Son, that's just not where we're at,” referring to the lack
Read More
Virginia Thomas

First Shopko remodel starts on Spokane's North Side

Also, Northpointe Plaza Target plans interior updates
November 18, 2021
Virginia Thomas
Two commercial renovation projects are planned for the Northpointe Plaza retail development, northeast of the Division Street 'Y.” The former Shopko building at 9520 N. Newport Highway will be reconfigured into three separate commercial spaces for
Read More
Erica Bullock

Washington state's condo law changes could ease restrictions

Some supporters unsure whether new codes will encourage such projects
November 18, 2021
Erica Bullock
New Washington state legislation has been signed into law with the goal to reduce barriers to condominium construction and development. However, some supporters of the measure say the changes aren't enough to stimulate condominium development
Read More

Boomers best younger generations in battle for houses much of the time

Young buyers hampered by student debt, lack of financial resources
November 18, 2021
Virginia Thomas
Competition for housing is erupting between the baby boomer and millennial generations, and the older generation tends to have the upper hand, experts here say.
Read More
ERICA BULLOCK

CUs present investment services via third party

Advisers work to raise awareness of offerings
November 4, 2021
Erica Bullock
Credit unions usually aren't known for offering investment services to their members, however, separate partnerships between two local credit unions and a third-party broker-dealer intend to illuminate investment strategies and offerings available to
Read More

Required minimum distribution must be factor in planning

Holders of tax-deferred retirement accounts should know 'ins, outs'
November 4, 2021
Ben Klündt
When the Individual Retirement Account was established in 1974, it was set up to be funded solely by pre-tax dollars, giving you the benefit of reducing your taxable income and letting your capital grow tax deferred, but with it came the required minimum
Read More

Proposed IRS reporting threshold increased; Bankers still don't like it

Supporters in Congress raise amount required to trigger IRS notification after industry blowback
November 4, 2021
Karina Elias
Weeks after proposing a plan to require banks to report on accounts with inflows and outflows of $600 a year over reported income to the Internal Revenue Service, Congress has raised the proposed reporting threshold to $10,000 and added several exceptions
Read More
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