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Real Estate & Construction

Restaurant project at Indiana-Monroe intersection shelved after city's input

Plan called for Burger King at former Shari's location
July 14, 2016
LeAnn Bjerken
Plans to develop a Burger King restaurant at the site of a former Shari's restaurant at the southwest corner of the busy intersection of Monroe Street, Indiana Avenue, and Northwest Boulevard have been shelved, sparking complaints from a commercial real
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Appeals court rejects appraiser liability suit

Legal case involved Greg Jeffreys, West Plains land
July 14, 2016
A real estate developer can't hold an appraiser liable for overvaluing property if an appraisal wasn't conducted on the developer's behalf, a Spokane-based Washington state appellate court panel unanimously has reaffirmed in a case involving disgrac
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Franklin Park Medical Center faces loan default

Trustee sale scheduled this week at courthouse
July 14, 2016
Mike McLean
The California-based owners of Franklin Park Medical Center, at 220 E. Rowan, have defaulted on a loan on the three-story medical office building, which is scheduled for a trustee's sale on Friday, July 15, at the Spokane County Courthouse. A notice
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Yost Gallagher awarded South Hill apartment project

$9.3 million complex will have 72 living units in all
June 30, 2016
Mike McLean
Yost Gallagher Construction LLC, of Spokane, has been awarded the contract to construct a 72-unit, $9.3 million apartment complex on the South Hill, says Jeff Gallagher, the company's vice president. The complex, which Spokane-based Dave Black Propert
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Lincoln Heights retail center gets $10.5 million refinancing

Newmark Realty arranges 20-year loan for borrower
June 30, 2016
Mike McLean
San Francisco-based Newmark Realty Capital Inc. has arranged $10.2 million in permanent financing for Lincoln Heights Shopping Center. Demetri Koston and Skip Slavin, vice presidents of Newmark, respectively based in Spokane and Seattle, arranged the loa
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Pool World builds new home for its Cd'A store

Structure near I-90 slated to be finished next March
June 30, 2016
In an effort to boost exposure and meet growing demand, Spokane-based Pool World Inc. is starting construction of a larger building in Coeur d'Alene. 'As the economy has emerged from the Great Recession, our market segment has been no different,” s
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EWU plans to rebid big Pence Student Union Building renovation, expansion

University hopeful work will begin in September
June 30, 2016
Mike McLean
Eastern Washington University hopes to issue a second call for bids in late July for a planned renovation and expansion of its Pence Student Union Building, says Troy Bester, the university's senior project manager. Only one contractor, Spokane-based L
Read More

E-payment center plans move to larger Valley space

Merchant e-Solutions now employs 90 people here
June 30, 2016
LeAnn Bjerken
Merchant e-Solutions Inc. plans to move its Spokane Valley operations center to a larger, more open office space this summer. Nearing the end of its lease at 920 N. Argonne Road, the Atlanta-based electronic payment acceptance and management company, pl
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Developer Ron Wells expects two-year delay for Ridpath project

Redevelopment awaits bankruptcy resolution
June 30, 2016
Mike McLean
Spokane developer Ron Wells says he has fresh financing and strong local and state support to convert the shuttered Ridpath Hotel into a downtown housing complex, but he's bracing for another two-year delay in getting the project started. 'We have a
Read More

Tech innovation booster buys Coeur d'Alene Elks Building

New owner plans to add space, renovate structure
June 16, 2016
Mike McLean
A group led by Innovation Collective LLC owner Nick Smoot has bought the long-vacant Elks Building in downtown Coeur d'Alene. Smoot says the building will be home to Coeur d'Alene-based Innovation Collective activities, including teaching, mentoring,
Read More
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