Real Estate & Construction

Safe at home: Realtors must consider personal safety when showing houses

Incidences are unusual, but agents can be targets

January 16, 2020

In 2013, the Yakima Herald reported the brutal assault of Yakima real estate broker Vern Holbrook at a rural home he was showing to a couple who posed as potential buyers.

$290 million-plus in public projects to start this year

Bridges, water expected to drive projects despite potential I-976 disruption

January 16, 2020

Natasha Nellis

Even though the passage of Initiative 976 and its subsequent court challenge have left some public projects up in the air, 2020 is expected to be another strong year of public work, with more than $290 million in activity expected to begin this year

Stockton family plans next U District development

Project envisioned near its other properties in the Gonzaga neighborhood

January 16, 2020

Natasha Nellis

Spokane-based development company Philomena LLC, which is led by Spokane native and basketball legend John Stockton, is planning a mixed-use facility at the site of the former state emissions testing facility at 920 N. Hamilton

Mainstream Electric to move to Spokane Valley

Company expects increase in revenue

December 19, 2019

Natasha Nellis

Mainstream Electric Inc., an electric, heating, cooling, and plumbing company, has found a new home in Spokane Valley. The company, located in Post Falls for now, had outgrown its space, says Todd Damschen, who co-owns the business with his wife, Elaine.

Dollar Fulfillment purchase land in Post Falls

E-commerce company buys parcel adjacent to site for NanaMacs

December 19, 2019

Natasha Nellis

Hayden-based ecommerce fulfillment company Dollar Fulfillment has purchased 5 acres of land in the Bighorn Industrial Park, just off Hargrave Avenue in west Post Falls. Founder and CEO Jason Macek declines to comment on plans for the newly acquired land.

Construction sector could see modest easing next year

Labor shortages persist, as does uncertainty about effects of I-976

December 19, 2019

Natasha Nellis

Cheryl Stewart contends that 2020 will be another strong year for the commercial construction industry, albeit not as strong as 2019. 'Everybody is sitting back watching for a recession,â€ says Stewart, executive director of the Inland Northwest

Spokane real estate activity in 2020 to mirror '19

Demand for office space expected to increase

December 19, 2019

Natasha Nellis

Sales of single-family homes and condos are expected to slow even more in the coming year as supply continues to lag behind demand, say area experts. Rob Higgins, executive vice president of the Spokane Association of Realtors, expects the real estate

Plans for River Bend waterfront complex expanded

Scope grows, value totals $45M, documents show

December 19, 2019

Natasha Nellis

Sagamore Capital has doubled the scope of its planned River Bend waterfront multifamily community in Spokane's University District, with the addition of two multifamily housing buildings to the plans. A representative of the Phoenix-based development

Spokane groups establish legislative priorities

Issues surrounding housing, health care to be focal points

December 19, 2019

Virginia Thomas

Issues and opportunities involving housing and health care top the list of priorities for Spokane-area municipalities and organizations as they prepare to make their cases at the 2020 Washington state legislative session. To bolster the housing market

AROUND TOWN

Real Estate Transactions and Other Business Moves in the Inland Northwest

December 5, 2019

Staff Report

Bend, Oregon-based SFP-E LLC has purchased as an investment the 5,000-square-foot retail center at 817 W. Third, formerly occupied by Troy's Tires. Taylor Gibbons, of SVN Cornerstone, handled the transaction.