Real Estate & Construction

Spokane-area building permit activity bounces back

2015 topped prior year by 14 percent, but still below 2013 levels

January 14, 2016

The total value of Spokane-area building permits bumped upward in 2015 compared with a year earlier, although falling short of the record high total permit valuation of 2013.

Developers to start $12 million Vinegar Flats Public Market project this year

Mixed-use building slated along south side of I-90

January 14, 2016

The developers for a proposed seven-story, $12 million mixed-use building that would be located on the lower South Hill intend to break ground this year.

Foreclosure actions dip, approach prerecession norms

Trend tied to job growth, health of housing market

January 14, 2016

Mike McLean

Foreclosure actions completed in Spokane County in 2015 dropped by 27 percent compared with the number of foreclosures in 2014, finally falling out of the historically high range, says Phil Kuharski, a longtime Spokane economic data analyst.

Costco to move north Spokane store

Warehouse club move will shift coveted tax revenue

January 14, 2016

Mike McLean

Costco Wholesale Corp. plans to leave the city and move its busy north Spokane store a few miles north into an unincorporated area of the county.

Carhartt to open store downtown

Workwear apparel company to anchor Bennett Block

January 12, 2016

Journal of Business Staff

Hieber Properties, the Spokane-based development company that's renovating the historic Bennett Block in downtown Spokane, says it has signed Carhartt Inc., the Dearborn, Mich.-based maker of durable workwear apparel, as the anchor tenant for that prope

Kalispels take ownership of former Spokane Country Club property

Tribe invests $3 million, plans number of upgrades

December 17, 2015

The Kalispel Tribe of Indians has completed its $3 million purchase of the former Spokane Country Club and has changed the club's name to the Kalispel Golf & Country Club. Depending on the weather, the golf course is scheduled to open between the midd

Jefferson-Norman project to feature high-end condos

Prime Real Estate Group marketing development

December 17, 2015

Mike McLean

Prime Real Estate Group, of Spokane, is marketing eight upscale residential condominiums that are under renovation in the Jefferson and Norman buildings downtown, says Melissa Murphy, owner and managing broker at the real estate company. Yellow Door Prop

Bouten Construction scores Tri-Cities work worth $127 million

Projects includes hospital addition, airport expansion

December 17, 2015

Mike McLean

Prominent Spokane construction contractor Bouten Construction Co. is heading up three projects in the Tri-Cities with a combined value of $127 million. The largest of the projects is a $72 million expansion of the River Pavilion at the Kadlec Regional Me

Real estate sales, leases expected to remain steady

-

December 17, 2015

Mike McLean

Activity in most real estate sectors will remain steady or continue to grow in 2016, some market monitors here say.

Inland Northwest builders are optimistic about sustained growth

-

December 17, 2015

Mike McLean

Construction industry observers here predict the improving economy and an uptick in construction backlog will provide momentum to lift the industry through 2016.