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Real Estate & Construction

$6 million renovation planned at Eastern State Hospital

Project will add two wards with a total of 50 new beds
February 14, 2019
LeAnn Bjerken
Eastern State Hospital plans to start work next month on a $6 million renovation project that will convert 22,000 square feet of former office space at the Medical Lake facility into two new patient wards.
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Riverview Retirement plans memory-care group homes

Retirement community to build three duplexes
February 14, 2019
Natasha Nellis
Spokane-based Riverview Retirement Community plans to build three memory-care duplexes at the southeast corner of North Crescent Avenue and Stone Street, east of its current facilities, according to preliminary plans filed with the city of Spokane.
Read More

Bear market might not be finished with its hibernation

Adviser asserts negative 'chatter' just distraction
January 31, 2019
Ron Benzel
We're dealing with a number of issues, including computer generated algorithms, bearish rhetoric, political discourse, and of course trade issues-primarily with China.
Read More

Hart Capital moves Spokane office to larger space

Financial advisory takes space in RLH Building
January 31, 2019
Alla Drokina
Independent financial advisory firm Hart Capital Management Inc. has moved to recently upgraded office space with onsite parking on the third floor of the RLH Building, on the periphery of downtown Spokane, at 201 W. North River Drive.
Read More
—Herschman Architects

Costco completes sale of North Side property

At Home Stores, Texas Roadhouse inked as first tenants
January 31, 2019
Natasha Nellis
Costco Wholesale Corp. has completed the sale of its former 134,000-square-foot warehouse store building on Spokane's North Side to San Pedro, Calif.-based Rich Development Enterprises LLC.
Read More
—Alla Drokina

Coworking spaces gain momentum in downtown Spokane

Some managers say they have healthy occupancy, turnover
January 31, 2019
Alla Drokina
Offering various amenities for members, a handful of coworking spaces operate in the city's core, and some say the trend is gaining traction here.
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—Bernardo-Wills Architects PC

Spokane County plans new $10 million Medical Examiner project

Building on south edge of University District to be renovated
January 31, 2019
Natasha Nellis
Spokane County is planning a $10 million remodel to a commercial building near the south edge of the University District, where it intends to move the Spokane County Medical Examiner's Office.
Read More
LeAnn Bjerken

Bank of America building sells for $47.7 million

City's tallest building is first investment here for Canadian company
January 31, 2019
LeAnn Bjerken
The Bank of America Financial Center-the tallest building in Spokane-has sold to Canada-based Redstone Group of Cos., one of British Columbia's largest private commercial real estate companies.
Read More

AROUND TOWN January 17, 2019

Real Estate Transactions and Other Business Moves in the Inland Northwest
January 17, 2019
Staff Report
Real Estate Transactions and Other Business Moves in the Inland Northwest
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Two new ministorage facilities go up in Spokane Valley

Projects will have up to 325 units ready in May
January 17, 2019
Natasha Nellis
Post Falls-based Steel Structures America Inc. has obtained permits to build two separate storage facilities in Spokane Valley with construction values totaling about $3.8 million. The $1.3 million, initial phase of the Railway Storage project
Read More
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