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Real Estate & Construction

Moses Lake company buys two complexes on Spokane's North Side

$17.9 million transaction includes 300 apartments
May 19, 2016
Mike McLean
Moses Lake-based real estate investment company 5D Holdings LLC has bought for $17.9 million two apartment complexes with a total of 300 living units on Spokane's North Side. The complexes are the Serrano Apartments, located at 121 E. Wedgewood, and th
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Sherwood Apartments building to undergo facelift

Residential, commercial spaces available soon
May 19, 2016
LeAnn Bjerken
The Sherwood Apartments building, at the southwest corner of Main Avenue and Bernard Street, soon will be undergoing renovations to update both its commercial and apartment spaces. Located at 301 W. Main, the 28,000-square-foot building includes a grou
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Land Rover, Jaguar auto dealership plans

$5 million project will include move next door
May 19, 2016
Mike McLean
The combined Jaguar, Land Rover, and Volvo auto dealerships downtown are planning a $5 million-plus renovation and expansion project that eventually will include the entire block on which the dealerships are now located, says Francois Chaker, the general
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Assisted-living facility eyed on the South Hill

Center would be built at Freya, 44th junction
May 19, 2016
Mike McLean
Co-owners and operators of a Coeur d'Alene assisted-living facility are part of a prospective ownership group exploring the potential to develop a similar facility for up to 80 residents on the South Hill. The development site would be on 5 acres of va
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—Mike McLean

Spokane new-home starts are on the rise again

Dwindling inventory could lead to higher sale prices
May 19, 2016
Mike McLean
The Spokane-area new-home market looks to be strong for the foreseeable future, some prominent homebuilders here say. In the first four months 2016, Spokane County and the cities of Spokane Valley issued a total 389 building permits for single-family hom
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First building is going up in Deer Park development

Knight Construction, affiliates plan to relocate
May 5, 2016
Mike McLean
Construction has started on the first building planned in the new Deer Park Business & Industrial Center, about 15 miles north of Spokane. Knight Construction & Supply Inc., of Deer Park, is erecting a 30,000-square-foot manufacturing and office building
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Citibrokers buys North Side office site

June 1 opening planned in former bank location
May 5, 2016
Mike McLean
Principals of Citibrokers LLC, a Spokane real estate brokerage, recently acquired a second office location at 1021 E. Hawthorne, on Spokane's North Side. The 1,600-square-foot building is the former site of an Inland Northwest Bank branch.
Read More

McCloskey Construction begins work on new North Side medical building

Company also constructing dental offices on West Plains
May 5, 2016
LeAnn Bjerken
McCloskey Construction Inc., of Spokane, began work this week on a new two-story, 12,300-square-foot professional office building that will be occupied partly by physical and occupation therapy clinics. The building, which is expected to cost $2.5 milli
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Vandervert Construction builds, converts lube centers for Valvoline

Fast-lube concern to test newest store design here
May 5, 2016
Mike McLean
Lexington, Ky.-based Valvoline Instant Oil Change has selected Vandervert Construction Inc., of Spokane, to convert 70 former Oil Can Henry's Outlets to the Valvoline brand and to construct two new prototype lube centers in the Pacific Northwest, says A
Read More
—Kevin Blocker

Sprucing up near Steam Plant

Property manager says area around building needs facelift
May 5, 2016
Avista Development Inc., a subsidiary of Avista Corp., is in the early stages of discussing with city officials and downtown businesses possible efforts to improve the aesthetics around Steam Plant Square, which it owns. Spencer Sowl is Avista Developmen
Read More
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