Real Estate & Construction

Spokane-area home sales in 2018 outpace previous year

Observers say rising prices, low inventory might slow 2019 market momentum

January 17, 2019

Spokane-area single-family home purchases in 2018 saw a small increase compared with the previous year, closing out at 8,212 sales, up 1 percent over 2017, a report released last week by the Spokane Association of Realtors shows.

Four Valley apartment complexes change hands

Multifamily broker claims more out-of-state buyers are eyeing Spokane market

January 17, 2019

Natasha Nellis

Multifamily housing in Spokane has become a hot commodity for out-of-state investors, contends Hank Seipp, Spokane Valley-based multifamily broker for Berkshire Hathaway HomeServices.

New industrial park planned in Hillyard area

L.B. Stone Properties envisions complex with half million square feet

January 17, 2019

Samantha Peone

Spokane real estate development company L.B. Stone Properties LLC plans to construct a new industrial park on 22 acres just west of the Esmeralda Golf Course, in the Hillyard neighborhood

Housing organization to move Rose Apartments

Time line for relocation depends on state offer

January 17, 2019

Natasha Nellis

East Central Community Organization, a Spokane-based nonprofit housing organization, plans to move an estimated 360,000-pound brick apartment building it owns this year.

Public projects to carry Spokane building sector

Total volume of planned work is north of $412M

January 17, 2019

Natasha Nellis

More than $412 million in new public construction projects are slated across Spokane County this year, including work on the next phase of the North Spokane Corridor, the start of the Hamilton Street Corridor Enhancement Project, bridge improvements

Off site, on point

Labor shortage, costs compel more builders to use prefabrication

January 17, 2019

Samantha Peone

With rising labor costs and a shortage of construction workers, off-site construction is becoming more widely used as a method for Spokane-area contractors and subcontractors to save money and boost project efficiency

Washington's condominium conundrum

Housing advocates say state law makes building condos cost prohibitive

January 17, 2019

LeAnn Bjerken

The Washington state Condominium Act adds to development costs and liabilities making condo construction an unattractive option for builders seeking to meet the demand for affordable housing, some construction industry professionals here say.

Around Town

Real Estate Transactions and Other Business Moves in the Inland Northwest

December 20, 2018

Staff Report

Old grain elevators going down in East Spokane

No further plans in place for BNSF-owned property following demolition

December 20, 2018

Samantha Peone

CHS Inc. plans to demolish the long-standing grain elevators at 310 N. Madelia, in the East Central neighborhood, says Brad Smith, senior partner with Smith Construction Services, the Kansas-based contractor hired to raze the structures.