Real Estate & Construction

Doric Inc.: Building a wow factor

Former EWU psych major became general contractor

January 19, 2017

Doric Creager's modest home and office from which he operates his general contracting business, Doric Inc., is considerably more humble than the palatial spreads his company has built through the years. Set against a hill south of Spokane on the 8600 bl

New study calls for more ballparks at Liberty Lake

Sportsplex's cost estimate balloons up to $28 million

January 19, 2017

Based on higher than previously estimated demand and need, a recent feasibility study recommends adding four more ballfields to a proposed sports complex at Liberty Lake, increasing the project's estimated cost by at least $10 million. The proposed Lib

Marcus & Millichap real estate investment company plans office here

Lone broker will oversee Inland Northwest initially

January 19, 2017

Kim Crompton

Marcus & Millichap Inc., a large commercial real estate investment services company with offices throughout the United States and Canada, plans to open a Spokane office shortly, says Joel Deis, the firm's Seattle-based regional manager for Washington st

Contractors Northwest lands Riverfront Park ice rink project

$6.7 million project poised to get underway this month

January 19, 2017

The city of Spokane has selected Coeur d'Alene-based Contractors Northwest Inc. as the general contractor for the new Riverfront Park ice rink and upgrades to the Skyride facility and ticket office. CNI presented the lowest of three bids, at $6.7 milli

Rudeen Development to add 221 rental units at Blue Point

Wandermere-area project valued at $21.4 million

January 19, 2017

Mike McLean

Rudeen Development LLC has obtained building permits to construct a $21.4 million, 221-unit second phase of the Blue Point Apartments complex north of Spokane in the Wandermere area, Spokane County building permit records show. An executive for the Liber

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

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

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

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

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