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Real Estate & Construction

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Heritage Bank moves, receives branch approval

Financial institution grows workforce, cashless model
May 21, 2026
Karina Elias

Olympia, Washington-based Heritage Bank has moved to a new permanent location following recent approval to operate as a full-service branch, says James Krejci, senior vice president and commercial team leader.


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River City Apartments purchased for $6M

Multifamily investors show increased interest in newly constructed developments
May 21, 2026
Ethan Pack

A recently constructed 30-unit apartment complex near the Spokane River changed hands last month, indicating growing investor demand for finished multifamily projects, says Bryan Walker, land development and investment specialist at Spokane-based NAI Black.



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Cd'A Tribe purchases 43K acres of timberland

Acquisitions restore ancestral land, contribute to broader regional and national trends
May 21, 2026
Karina Elias

The Coeur d’Alene Tribe has purchased nearly 43,000 acres of timberland from Oregon-based Stimson Timber Company over the past two years, restoring land lost within the Coeur d’Alene Reservation during the late 1800s.


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$4M Kendall Yards apartment project commences

Early 2027 completion date expected for new 12-unit, two-building development
May 21, 2026
Ethan Pack

Overlooking the Spokane River from a hillside along the southern edge of Spokane's Kendall Yards neighborhood, construction is underway on a new $4 million, two-building apartment complex.




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Zone home: City considers zoning changes for housing needs

Adjustments will help meet Growth Management Act requirements at end of year
May 21, 2026
Ethan Pack

City of Spokane planning department officials are considering residential zoning changes to increase housing density as part of PlanSpokane 2046, the city's comprehensive growth strategy.




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Missing middle housing gains traction in Spokane

Developers are seeking viable options to increase unit density
May 21, 2026
Karina Elias

Missing middle housing — once a mere sliver of residential permits issued by the city of Spokane between 2020 and 2022 — surged to nearly 20% of all residential permitting in 2025.



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Rising from the ashes: Home insurance rates show signs of steadying

Nearly three years after Gray Fire, homeowners see premiums cool off
May 21, 2026
Matt Stephens

Wildfire risk is reshaping the homeowners insurance market in Washington state, particularly for residents living in areas that are more vulnerable to wildfire activity, including many residences in Spokane County. While premiums have increased sharply in recent years, new data from the Washington state Office of the Insurance Commissioner shows rate increases are now beginning to cool down.



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$25M renovation at SCC scheduled for July start

Old Main to relocate primary entrance away from north-south freeway
May 7, 2026
Ethan Pack

Spokane Community College is preparing to start construction on a $25 million partial renovation of the campus’s oldest building, known as Old Main, that will relocate the building's primary entrance from the North Spokane Corridor-facing west side to face the east and consolidate the school’s student services under one roof.




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Five Takeaways: The Inland Northwest Housing Market

with Joel White, Spokane Home Builders Association executive officer
May 7, 2026
Dylan Harris

For its latest episode of Elevating The Conversation, the Journal sat down with Joel White, the executive officer at Spokane Home Builders Association, to discuss the Inland Northwest Housing Market.


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Catching up with: Steve Sunleaf, president and CEO of T.W. Clark Construction & Development

Company spent last five years learning, growing development operations
May 7, 2026
Karina Elias

T.W. Clark Construction LLC has expanded beyond general contracting, positioning the Spokane Valley-based company as a vertically integrated builder-developer that can guide projects from land acquisition through leasing.


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