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Real Estate & Construction

Tech industry jumps ahead a decade, observers say

Cybersecurity, access to be focus in 2021
December 17, 2020
Natasha Nellis
2020 marked a rapid acceleration in the technology industry, in some cases truncating what would have been a decade of adaptation into a year, and cybersecurity is one of the sectors of the industry most poised for growth in 2021, some tech industry
Read More

232-unit West Plains apartment complex sells for $33.5 million

Northern Heights units were developed in 2018
December 17, 2020
Kevin Blocker
A Spokane-based investor group doing business as Northern Heights II LLC and a handful of minor investors have purchased a 232-unit Airway Heights apartment complex for $33.5 million, according to Spokane County Assessor's Office records.
Read More

Big RV park planned near Stateline

Project could supplant resort complex that was approved a decade ago
December 17, 2020
Natasha Nellis
A resort development proposed more than a decade ago on the Washington-Idaho border could get a reboot as a 130-space RV park, according to documents on file with Spokane County. The Spokane County Hearing Examiner held a virtual hearing for the proposed
Read More

270-lot project planned in Liberty Lake

Mixed residential site plans call for 350 units
December 17, 2020
Virginia Thomas
A 60-acre site just north of Mission Avenue in Liberty Lake is envisioned as the future home of a new mixed residential development, according to documents filed with the city's planning and building services division. A notice of application shows the
Read More
Natasha Nellis

Gains expected in much of Inland Northwest

Industrial development, single-family home sales are top performers in '20
December 17, 2020
Natasha Nellis
Real estate in Spokane stayed surprisingly strong in most sectors through the pandemic, say industry observers here, with home sales and commercial real estate investment, particularly in industrial space, seeing strong growth. Rob Higgins, executive
Read More
Natasha Nellis

Construction activity likely to be strong in 2021

Labor, supply shortages kneecap builders' efforts to meet high demand
December 17, 2020
Natasha Nellis
The 2020 construction season got off to a slow start because of pandemic-induced restrictions. Overall, though, industry observers here say the season finished better than expected, and 2021 is expected to even better. About $30 million in public work
Read More

Bellingham investor acquires portion of Village at Riverstone

Purchase includes 93K square feet in three buildings
December 10, 2020
Natasha Nellis
A Bellingham, Washington-based real estate investment company has bought the 93,000-square-foot commercial portion of the mixed-use Village at Riverstone, in Coeur d'Alene. The company, All Terr LLC, purchased the property from Coeur d'Alene-based Id
Read More

PotlatchDeltic finalizes $48 million land sale

Company sells 74K acres in Minnesota to conservation group
December 3, 2020
Kevin Blocker
Spokane-based PotlatchDeltic Corp. has completed the sale of more than 74,000 acres of forestland in central and northern Minnesota. The Conservation Fund purchased the land for almost $48 million, according to a PotlatchDeltic press release.
Read More

Spokane City Council passes tax to finance affordable housing

Collection to begin July unless alternative found
December 3, 2020
Virginia Thomas
Spokane City Council has approved a measure that will impose a 0.1% sales and use tax, the revenue from which will be dedicated to providing more affordable housing within the city.
Read More

Downtown Days Inn building to be renovated

Company plans to convert motel into apartment units
December 3, 2020
Natasha Nellis
The former Days Inn motel in downtown Spokane has been purchased by an Oregon-based development team that plans to convert its guest rooms into apartments, according to planning documents on file with the city of Spokane.
Read More
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