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Real Estate & Construction

YMCA opts to pursue development of South Hill

CEO says next step is capital funds campaign
June 2, 2016
LeAnn Bjerken
The YMCA of the Inland Northwest has decided to move forward with further investigation into developing a new facility on Spokane's South Hill. The idea for a South Hill facility came about last month, as a result of a market research study conducted
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Chronicle Building apartments planned

32 living units to be created on floors third through six
June 2, 2016
Kim Crompton
A real estate subsidiary of Cowles Co., of Spokane, plans to convert four floors of the Chronicle Building at 926 W. Sprague downtown into apartments and hopes to have them all completed and ready for occupancy by February. Doug Yost, director of real es
Read More

Meridian to build City Hall in Valley

$10.6 million contract awarded for construction
May 19, 2016
Mike McLean
The city of Spokane Valley has awarded a $10.6 million construction contract for its planned City Hall to Meridian Construction Inc., of Spokane Valley. Meridian had submitted the lowest bid to erect the 65,200-square-foot facility, which will include th
Read More

Moses Lake company buys two complexes on Spokane's North Side

$17.9 million transaction includes 300 apartments
May 19, 2016
Mike McLean
Moses Lake-based real estate investment company 5D Holdings LLC has bought for $17.9 million two apartment complexes with a total of 300 living units on Spokane's North Side. The complexes are the Serrano Apartments, located at 121 E. Wedgewood, and th
Read More

Sherwood Apartments building to undergo facelift

Residential, commercial spaces available soon
May 19, 2016
LeAnn Bjerken
The Sherwood Apartments building, at the southwest corner of Main Avenue and Bernard Street, soon will be undergoing renovations to update both its commercial and apartment spaces. Located at 301 W. Main, the 28,000-square-foot building includes a grou
Read More

Land Rover, Jaguar auto dealership plans

$5 million project will include move next door
May 19, 2016
Mike McLean
The combined Jaguar, Land Rover, and Volvo auto dealerships downtown are planning a $5 million-plus renovation and expansion project that eventually will include the entire block on which the dealerships are now located, says Francois Chaker, the general
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Assisted-living facility eyed on the South Hill

Center would be built at Freya, 44th junction
May 19, 2016
Mike McLean
Co-owners and operators of a Coeur d'Alene assisted-living facility are part of a prospective ownership group exploring the potential to develop a similar facility for up to 80 residents on the South Hill. The development site would be on 5 acres of va
Read More
—Mike McLean

Spokane new-home starts are on the rise again

Dwindling inventory could lead to higher sale prices
May 19, 2016
Mike McLean
The Spokane-area new-home market looks to be strong for the foreseeable future, some prominent homebuilders here say. In the first four months 2016, Spokane County and the cities of Spokane Valley issued a total 389 building permits for single-family hom
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First building is going up in Deer Park development

Knight Construction, affiliates plan to relocate
May 5, 2016
Mike McLean
Construction has started on the first building planned in the new Deer Park Business & Industrial Center, about 15 miles north of Spokane. Knight Construction & Supply Inc., of Deer Park, is erecting a 30,000-square-foot manufacturing and office building
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Citibrokers buys North Side office site

June 1 opening planned in former bank location
May 5, 2016
Mike McLean
Principals of Citibrokers LLC, a Spokane real estate brokerage, recently acquired a second office location at 1021 E. Hawthorne, on Spokane's North Side. The 1,600-square-foot building is the former site of an Inland Northwest Bank branch.
Read More
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