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Real Estate & Construction

—Mike McLean

Low vacancy rates drive up rents

Rising prices put majority of tenants in 'cost-burdened' category
January 19, 2017
Mike McLean
While hundreds of new apartment units are planned and under construction here, the apartment vacancy rate remains low, and more than half of Spokane-area renters pay more than 30 percent of their income on rent. U.S. Census Bureau numbers show 52.2 perce
Read More
—Bernardo|Wills Architects PC

Project on KXLY site poised to start

Grocer first to commit to South Hill shopping center
January 19, 2017
Mike McLean
A broadcast media company and a pair of Spokane commercial real estate brokers are teaming up to develop a retail center on 17 acres of land on the upper South Hill. Carl Guenzel, a broker with Kiemle & Hagood who is involved in the project, says the dev
Read More

Foreclosures in Spokane area rose last year

Increase follows big drop in defaults during 2015
January 19, 2017
Linn Parish
Completed foreclosures in Spokane County increased in 2016, following a precipitous decline the previous year. The Spokane County Auditor's Office recorded 778 foreclosures last year, up 9 percent from 714 foreclosures in 2015. While the number of d
Read More
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Upswing in real estate said to carry into new year

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December 15, 2016
Mike McLean
Look for activity in the commercial and residential real estate markets to continue their post-recession upswing next year, some market observers here say. Dave Black, CEO of Spokane-based NAI Black, says the Spokane-based commercial real estate brokera
Read More

Kiemle & Hagood opens office in Tri-Cities

Commercial brokerage also plans Missoula location
December 15, 2016
Mike McLean
Spokane-based commercial real estate brokerage and property management concern Kiemle & Hagood Co. has opened a new office in Kennewick, its third overall, and plans to open a fourth office early next year in Missoula, Mont. The Kennewick office, about 1
Read More

Construction momentum expected to continue

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December 15, 2016
Mike McLean
Construction momentum in the Spokane area will continue upward next year, industry observers here say. Andrea Frye, business development manager at Spokane-based Vandervert Construction Inc., says current positive economic indicators, such as continued j
Read More
—Garco Construction Inc.

Gonzaga Prep plans $6 million athletic complex upgrade

Project to expand gym, modernize training center
December 15, 2016
Mike McLean
Gonzaga Preparatory School has launched the public phase of a fundraising campaign for a $6 million athletic facilities improvement project and has started the planning process with the city of Spokane to construct the major components of the project. P
Read More
-Integrus Architecture PS

SFCC plans $18 million athletic facilities upgrade

Renovation, expansion project to begin in March
December 15, 2016
Mike McLean
Community Colleges of Spokane plans to start construction next spring on a major renovation and expansion project at its main gym and adjacent athletic facilities on the Spokane Falls Community College campus, in northwest Spokane. As of last week, the c
Read More
—Kevin Blocker

Rekindling East Sprague Avenue

Pro-active role by business district said to be fueling change
December 15, 2016
A recent string of projects and initiatives occurring along east Sprague Avenue appear to have kindled a surge in excitement among business owners there. The emergence of the Playfair Commerce Park, other new construction, and a collaborative effort wi
Read More

Spokane-area apartment occupancy rate ranks high nationally

Job, population growth said contributing factor
December 1, 2016
LeAnn Bjerken
The Spokane area ranked in the top three small markets nationally for high apartment occupancy rates on a list released last month by RealPage Inc., which provides property management software for the housing industry. The list ranks Syracuse, N.Y., in
Read More
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