A Spokane Valley-based real estate development company has purchased 5 Mile Shopping Center, at 1812 W. Francis, and several neighboring commercial buildings for $32 million.

Downtown Spokane’s office vacancy rate has increased to about 30% due to postpandemic business trends, aging buildings, rising rent costs, and safety concerns. 

Providence is investing $9 million to modernize four operating rooms at Sacred Heart Medical Center, located at 101 W. Eighth in Spokane, as part of a multiyear project to revamp all 28 surgical rooms at the hospital.

Bremerton, Washington-based architectural firm Rice Fergus Miller Inc. is seeing an increase in work in the Spokane area, and Gunnar Gladics, principal and partner at the firm, anticipates continued growth in both projects and personnel.

Goodwill Industries of the Inland Northwest is expanding its North Idaho footprint with the acquisition of the former Sunshine Minting building, in Coeur d'Alene, where the organization is planning to transform the 36,000-square-foot minting facility, located at 750 W. Canfield, into a multifunctional property.

Groundcubed PC's downtown Coeur d'Alene studio is seeking to capitalize on the high-growth environment of the Inland Northwest as it brings its expertise in pedestrian-oriented design and cold-climate landscapes to projects across Idaho and Washington.

Construction is underway on the Ridgeline Center, a multitenant commercial development located at 19601 E. Appleway, in Liberty Lake.

Spokane-based Vista Title & Escrow LLC has assumed the residential and commercial closing operations of Robert S. Delaney PLLC, also of Spokane, following the June 15 retirement of longtime attorney Bob Delaney.

The University District has spent the last several years laying the groundwork for the next phase of development to transform the district into a regional hub for innovation, workforce development, and entrepreneurship.

Several commercial projects on Sprague Avenue are creating a hotspot of construction activity on the thoroughfare. Collectively valued at $4.75 million, developments include projects for new office space, a restaurant, a liquor store, and a grocery store, according to permit information on file in the cities of Spokane and Spokane Valley.