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Real Estate & Construction

Low rates drive surge in mortgage, refinance activity in Spokane

INW banks, credit unions report higher volumes of activity this year
August 13, 2020
Kevin Blocker
Veteran Spokane bankers report strong mortgage growth largely in part due to existing homeowners refinancing in order to take advantage of record-low interest rates.
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Beacon Hill apartment project moves ahead

Construction of 140-unit apartment complex set to start next spring
August 13, 2020
Virginia Thomas
Work on the first residential buildings in the long-planned Beacon Hill development should start next spring. Developer Ryan Buth says the 140-unit Beacon Apartments complex will be located at 4328 N. Havana, at the base of the hill and northeast of
Read More

NAC Architecture merges with Ohio firm

Combined company employs 237 people
August 4, 2020
Kevin Blocker
Spokane-based NAC Architecture has merged with a Midwest architecture firm that specializes in designing health care facilities.
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A. The Journal's View: Collaboration encouraging in affordable housing issue

~
July 30, 2020
Staff Report
It's encouraging that landlord and tenant representatives here are working together during the coronavirus crisis by seeking rental assistance to keep tenants in their homes during this time of widespread loss of employment and income.
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Olive Garden restaurant moves forward in Valley

Company demolishes old Hong Kong Buffet eatery
July 30, 2020
Natasha Nellis
Orlando, Florida-based Italian restaurant chain Olive Garden is planning a new 7,800-square-foot restaurant near the Spokane Valley Mall, at the site of the former Hong Kong Buffet restaurant, which closed in mid-March.
Read More

Around Town

Real Estate Transactions and Other Business Moves in the Inland Northwest
July 30, 2020
Staff Report
Spokane-based Kancor LLC has purchased the 1.5-acre Bowdish RV Storage facility at 503 N. Bowdish Road as an investment. Rob Kannapien, of Coldwell Banker Commercial Schneidmiller Realty, and John Leland, of Re/Max Inland Empire, handled the transaction.
Read More

Jim Van Löben Sels to take reins at Mt. Spokane ski park

Longtime Arbor Crest GM had stepped back earlier from family business role
July 30, 2020
Kevin Blocker
Jim van Löben Sels is trading one passion for another. After having spent most of the past two decades as general manager at Arbor Crest Wine Cellars, van Löben Sels recently accepted a similar position at Mt. Spokane Ski & Snowboard Park.
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Portland developer advances U District housing plans

Company could start work this fall on $20M project
July 30, 2020
Natasha Nellis
A Portland-based development company could break ground on its planned $20 million Boxcar Apartments in the University District as early as October, says managing partner Tom Cody. The company, Project PDX
Read More
BRS Architects

Barker Storage begins work on 10-acre storage facility

Project also includes spaces for boats, RVs
July 16, 2020
Kevin Blocker
A family-owned investment company is developing a storage unit business that also will allocate space for storing boats and recreational vehicles. Barker Storage LLC broke ground last week on its planned $5.5 million self-storage project to be located
Read More

Western States Equipment plans Liberty Lake facility

Work expected to start soon, finish in 2022
July 16, 2020
Natasha Nellis
Boise, Idaho-based Western States Equipment Co. plans to build a 127,400-square-foot heavy equipment dealership in Liberty Lake, according to planning documents on file with the city. Site plans show the heavy equipment dealer is planning a four-building
Read More
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