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Real Estate & Construction

Erica Bullock

NorthTown Mall acquired in $49 million transaction

New owner hopes to boost occupancy rate at shopping center
February 24, 2022
Erica Bullock
Kohan Retail Investment Group, a Great Neck, New York-based company, has purchased NorthTown Mall, on Spokane's North Side, says the company CEO Mike Kohan.
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Virginia Thomas

Holman Gardens adapts to life during COVID era

Employees learn kitchen roles amid staffing gaps
February 10, 2022
Virginia Thomas
Holman Gardens Retirement Community has endured recent hard times through creativity and flexibility, administrator Linda Hubble says. Most recently, employees at the 96-unit facility have been cross-trained in culinary duties in order to cover staffing
Read More

Naccarato company plans Hillyard storage complex

Four 11,250-square-foot structures to be completed in two phases by end of '23
February 10, 2022
Erica Bullock
Cedar Storage LLC, a subsidiary of Spokane-based construction and property management company Cedar Builders Inc., is developing a 45,000-square-foot storage and warehouse complex on vacant land at 3830 E. Olympic, in Spokane's Hillyard neighborhood.
Read More

504-unit apartment complex planned on North Side

Complex to be built on vacant land around SIA charter school
February 10, 2022
Erica Bullock
Real estate and property management company East Magnesium Properties LLC plans to develop a 504-unit apartment complex, named Magnesium Village, in the Nevada-Lidgerwood neighborhood of north Spokane, preliminary planning documents on file with the city
Read More
Mike McLean

What's Happening At: The Falls project

Higher expectations may be in store at envisioned complex north of downtown
February 10, 2022
Mike McLean
It's been well over four years since the Journal broke the story about The Falls, a high-rise development planned at the former YWCA site near the Spokane River, and recent activity logged in planning documents indicates the project remains active and
Read More

Real estate tech startup Auctionable to launch this spring

Company to offer online home auctions, instant buying options
February 10, 2022
Erica Bullock
Auctionable, a new real estate tech company based in Liberty Lake, plans to launch this spring in the Spokane, Coeur d'Alene, and Boise markets, says Todd Sullivan, an Inland Northwest homebuilder and cofounder of the startup. Sullivan says the
Read More
Rebecca Caligan

YMCA buys land for South Hill fitness facility

Structure envisioned along Glenrose would cost $30M to $40M to build
February 3, 2022
Erica Bullock
YMCA of the Inland Northwest has purchased 15 acres of vacant land for $3.4 million in the Moran Prairie neighborhood on Spokane's South Hill, where the nonprofit plans to build a new fitness facility.
Read More

Don't become 'house poor' in overheated market

Some seeking to purchase homes might best wait for market to cool down
January 27, 2022
Sarah Carlson
Real estate has been a hot asset class this past year since the demand is more significant than supply. Prices have been going up, up, up. With interest rates still low and lending so easy, it has helped to fuel this hot real estate market.
Read More

Housing affordability becomes greater concern in rising mortgage rate environment

Climbing costs might not have immediate impact on residential market
January 27, 2022
Erica Bullock
Some real estate professionals here say anticipated increases in mortgage interest rates this year could price median-income homebuyers out of the market, while others say they don't anticipate immediate widespread disruption in the current market.
Read More

Liberty Mutual to reduce Inland Northwest footprint in work-from-home shift

Work-from-home shift prompts insurer to shed 100K-plus square feet
January 27, 2022
Erica Bullock
Liberty Mutual Insurance Co. plans to shed more than 100,000 square feet of office space in Liberty Lake this year as a portion of the company's 1,150-person workforce here shifts to working from home permanently.
Read More
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