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Real Estate & Construction

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,” says Stewart, executive director of the Inland Northwest
Read More

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
Read More

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
Read More

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
Read More

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.
Read More

Hayden Homes to award affordable housing grants

Up to $100K available for city, county, others
November 21, 2019
Virginia Thomas
Redmond, Oregon-based homebuilder and developer Hayden Homes LLC has announced an initiative that will award a total of $150,000 in grants to three cities, counties, or agencies in Washington, Idaho, and Oregon
Read More

Spokane International Academy finds new home

Charter school expected to relocate by fall 2020
November 21, 2019
Natasha Nellis
The 4-year-old Spokane International Academy has leased a new home at 777 E. Magnesium in north Spokane, says Travis Franklin, principal of the charter school.
Read More

Developer plans apartments new North Central High School

Another North Side project is under consideration
November 21, 2019
Kevin Blocker
The city of Spokane has approved plans for an apartment complex just north of downtown, near North Central High School. Spokane-based Barnham Group plans to develop the 24-unit Wall Street Apartments complex on a vacant lot at 1405 N. Wall
Read More

HOPE building is on horizon for Morning Star Boys' Ranch

Nonprofit expects new facility will be ready early next summer
November 21, 2019
Natasha Nellis
Work has started on the planned expansion at the Morning Star Boys' Ranch, and while the project started later than anticipated, executive director Audrea Marshall says it's now 'cruising right along.”
Read More

Chemical supplier Cascade Columbia Distribution plans West Plains warehouse

Seattle-based company eyes 74K-square-foot distribution structure
November 21, 2019
Natasha Nellis
Seattle-based Cascade Columbia Distribution Co. plans to build a 74,000-square-foot warehouse and distribution facility on the West Plains, according to conditional-use permit information on file with the city of Airway Heights.
Read More
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