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Real Estate & Construction

LeAnn Bjerken

Bank of America building sells for $47.7 million

City's tallest building is first investment here for Canadian company
January 31, 2019
LeAnn Bjerken
The Bank of America Financial Center-the tallest building in Spokane-has sold to Canada-based Redstone Group of Cos., one of British Columbia's largest private commercial real estate companies.
Read More

AROUND TOWN January 17, 2019

Real Estate Transactions and Other Business Moves in the Inland Northwest
January 17, 2019
Staff Report
Real Estate Transactions and Other Business Moves in the Inland Northwest
Read More

Two new ministorage facilities go up in Spokane Valley

Projects will have up to 325 units ready in May
January 17, 2019
Natasha Nellis
Post Falls-based Steel Structures America Inc. has obtained permits to build two separate storage facilities in Spokane Valley with construction values totaling about $3.8 million. The $1.3 million, initial phase of the Railway Storage project
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$9.5 million mixed-use center planned on West Plains

Car wash eyed to anchor five-building development
January 17, 2019
Alla Drokina
A $9.5 million commercial center to be anchored by a Bush Car Wash is being planned near the Pacific Northwest Technology Park, on the West Plains, according to a predevelopment application submitted to the city of Spokane.
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Work underway on two La Quinta hotel projects

Properties will be updated to meet industry standards
January 17, 2019
LeAnn Bjerken
Work started this month on a $5 million project that will expand and rebrand the former Fairbridge Inn Express at 211 S. Division into a new La Quinta hotel franchise. The four-story, 36,000-square-foot hotel is owned by Kennewick
Read More

Three-building complex planned on North Side

$6M project would have office-warehouse space
January 17, 2019
Samantha Peone
Prominent Spokane real estate developer Harlan Douglass plans to develop a $6 million, three-building office-warehouse complex in north Spokane's Nevada Lidgerwood neighborhood, according to preliminary documents submitted to the city.
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New phase planned at Blue Heron

$13.5M development includes18 home lots
January 17, 2019
Alla Drokina
Blue Heron, a residential subdivision off Indian Trail Road north of the Spokane city limits, is launching its next phase of development with 18 new lots. The lots range in price from $140,000 to $200,000, and Blue Heron developer Pete Rayner
Read More

Spokane Housing Ventures lands funding for two projects

$3M duplex project eyed at northeast Spokane site
January 17, 2019
LeAnn Bjerken
Spokane Housing Ventures has secured partial funding to develop five duplex structures in northeast Spokane for homeless veterans and to acquire senior housing in Central Washington. Dave Roberts, senior developer at Spokane Housing Ventures, says
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Spokane-area home sales in 2018 outpace previous year

Observers say rising prices, low inventory might slow 2019 market momentum
January 17, 2019
Natasha Nellis
Spokane-area single-family home purchases in 2018 saw a small increase compared with the previous year, closing out at 8,212 sales, up 1 percent over 2017, a report released last week by the Spokane Association of Realtors shows.
Read More

Four Valley apartment complexes change hands

Multifamily broker claims more out-of-state buyers are eyeing Spokane market
January 17, 2019
Natasha Nellis
Multifamily housing in Spokane has become a hot commodity for out-of-state investors, contends Hank Seipp, Spokane Valley-based multifamily broker for Berkshire Hathaway HomeServices.
Read More
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