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Real Estate & Construction

Around Town

Real Estate Transactions and Other Business Moves in the Inland Northwest
February 13, 2020
Staff Report
Spokane Valley real estate company M3K LLC has purchased the two-building, 18,000-square-foot warehouse and office complex at 118 N. Lee as an investment. John Powers and Brent Johnson, both of NAI Black, handled the transaction.
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Outside the line: Development potential along the planned City Line route

Investment most likely at bookends of downtown, along Mission Corridor
February 13, 2020
Natasha Nellis
Public investment often attracts private development, and real estate professionals here hope the planned $92.2 million City Line bus route is no exception.
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Spokane Gun Club lawsuit dismissed

Group now plans to seek conditional-use permit
January 30, 2020
Virginia Thomas
The Spokane Gun Club is moving forward with plans for a new clubhouse and shooting range on the West Plains after a lawsuit that threatened the organization's plans was dismissed in Spokane Superior Court. As previously reported by the Journal
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Spokane Tribe prepares for hotel in Chewelah

Report also says 2nd phase of casino set
January 30, 2020
Kevin Blocker
As published earlier this month by the Cheney Free Press, the Spokane Tribe of Indians plans to break ground on a new hotel in Chewelah this summer. That publication also reported the tribe has announced plans to begin construction soon on the second
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Two Greenstone properties sold on North Side

$34.5 million in transactions involve total of 210 units
January 30, 2020
Natasha Nellis
Liberty Lake-based Greenstone Corp. has sold two of its North Side apartment developments for about $34.5 million. The complexes involved are the 96-unit Selkirk Lodge, at 9295 N. Coursier Lane, off Indian Trail Road, and the 114-unit NorthStar Lodge
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Multifamily complexes in progress in Spokane Valley

Three projects to have more than 120 units
January 16, 2020
Virginia Thomas
Three new multifamily residential projects valued at a total of more than $15.7 million are planned or underway in Spokane Valley.
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Latah Creek manufactured home park proposed

Applicant says plans aren't yet concrete
January 16, 2020
Kevin Blocker
A Southern California-based developer wants to build a more than 200-space manufactured home park in Spokane's Latah Creek area.
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Tangle Ridge housing development proposed in Latah Valley

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January 16, 2020
Virginia Thomas
A $25 million single-family housing development called Tangle Ridge Estates is planned just southeast of the Eagle Ridge development, in the Latah Valley area of southwest Spokane.
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Spokane home sales decline 5% in 2019

Low home inventory said to cause drop, yet also is reason for rise in median prices
January 16, 2020
Natasha Nellis
The number of single-family homes and condominiums sold through the Spokane Multiple Listing Service fell 5% in 2019 compared with the previous year, says Rob Higgins, executive vice president of the Spokane Association of Realtors.
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Place LA merges with Tri-Cities landscape architecture firm

Design company expects continued growth in 2020
January 16, 2020
Natasha Nellis
Spokane-based landscape architecture company Place Landscape Architecture LLC, which does business as Place LA, is expanding to the Tri-Cities with its recent merger with Sage Design Group PLLC, of Kennewick, Washington, says Place LA owner Joshua Tripp.
Read More
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