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Real Estate & Construction

Natasha Nellis

Commercial investment market mirrors residential trends

Local buyers priced out as demand, low supply drive up costs
August 26, 2021
Natasha Nellis
Those looking to invest in commercial real estate face a market mirroring the in-demand housing sector, with local investors bearing the brunt of the challenges as historically low capitalization rates and high demand price them out of the Spokane market.
Read More
Virginia Thomas

Tenant, landlord groups wait on new resolution system

Eviction bridge expiration looms, but mechanisms aren't in place in county yet for mandated dispute remedies
August 26, 2021
Virginia Thomas
New laws and an eviction moratorium bridge have created confusion, and more funding for rental assistance is needed, say both landlord and tenant group leaders here.
Read More

Big mixed-use projects planned at Landing at Post Falls

Former LP mill site development includes waterfront housing
August 26, 2021
Natasha Nellis
At least 548 additional residential units and 46,000 square feet of office and commercial space are planned at the 33-acre Landing at Post Falls site, on the north bank of the Spokane River.
Read More

Liberty Lake Athletic West planned along Barker Road

Joint operations expect to open doors in January
August 12, 2021
Virginia Thomas
A Liberty Lake-based athletic club and a Spokane-based physical therapy clinic are teaming up on a facility currently under construction in Spokane Valley.
Read More

At midyear, Spokane home sales are up over 2020

Median price increases 25.5% over last year
August 12, 2021
Natasha Nellis
Sales of single-family homes sold through the Spokane Association of Realtors' Multiple Listing Service are up 7.7% through the first six months of the year, compared with the year-earlier period. The MLS reports 3,598 homes and condos on less
Read More

Transloader moves into part of old Kaiser Mead plant

Company is among first signs of activity inside long-dormant complex
August 12, 2021
Natasha Nellis
Tristar North Inc., a sister company of Vancouver, Washington-based Tristar Transload PNW Inc., has set up shop in the former Kaiser Aluminum Corp. plant at 2111 E. Hawthorne, north of Spokane. Peter Howe, owner of the transload company, says it's
Read More
NATASHA NELLIS

Mercer International buys closed Katerra plant in Spokane Valley

Canadian timber company needs to secure 40 employees before plant can be operational again
August 12, 2021
Natasha Nellis
A Vancouver, British Columbia-based timber company has acquired the 270,000-square-foot former Katerra Inc. facility in Spokane Valley for $50 million and plans to hire at least 40 workers at the site to
Read More
Natasha Nellis

Distribution space is in high demand across the Inland Northwest

Developers add 4.5M square feet of space in INW industrial market
August 12, 2021
Natasha Nellis
Spokane is booming with new manufacturing and distribution warehouse space as developers attempt to seize on the area's most in-demand commercial sector.
Read More

City to buy former White Elephant property in Valley

Site expected to serve future law enforcement needs
August 11, 2021
Mike McLean
The city of Spokane Valley will buy the former White Elephant retail store site located at 12614 E. Sprague for $2.2 million, with long-term plans to use the property for law enforcement needs, says Spokane Valley Mayor Ben Wick.
Read More

Painted Hills developers looking to move forward

Vision includes over 580 residential units in Valley
July 29, 2021
Natasha Nellis
Black Realty Inc.'s planned Painted Hills residential development is looking to move forward with its plans to build over 580 living units at the former Painted Hills Golf Course, at 4403 S. Dishman-Mica Road, in south Spokane Valley. The development
Read More
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