A surge in artificial intelligence investment is reshaping the venture capital landscape, driving record valuations and deal sizes while creating new challenges for startups that aren't centered on AI technology.

Spokane-based CM Development & Construction LLC, a developer behind several multifamily projects under construction in Spokane, is planning two new apartment complexes valued at a combined $6.8 million.

Avista Utilities, the operating division of Spokane-based Avista Corp., has launched the region’s first community-based microgrid at the Martin Luther King Jr. Family Outreach Center, in Spokane's East Central neighborhood.

Spokane International Airport is in the process of relocating key utilities, setting the stage for the second phase of its Terminal Renovation and Expansion, or TREX program, which aims to build a 255,000-square-foot Central Hall.

Spokane City Credit Union is planning a new administrative annex building next to its existing property, at 1930 N. Monroe, that will provide more space for its employees.

Jacklin Northwest is in the planning stages of developing a new shopping center at Jacklin Ranch Commercial Park, an 88-acre site just east of Highway 41 and north of Prairie Avenue in Post Falls. 

The developer behind a proposed eight-unit flex warehouse park, at 9870 W. Flight Drive on the West Plains, is placing the project on hold following declining tenant interest due to higher interest rates, rising material costs, and uncertain market conditions this year. 

Westside Church Spokane is building a $2.2 million, 12,000-square-foot sanctuary at 11916 W. Melville Road, in Cheney, that will provide a permanent home for the congregation.

The construction industry is currently facing a significant surge in expenses driven by rising material costs, fuel prices, and complex regulatory requirements leading to challenges in balancing tighter margins with affordability, some builders say.