Real Estate & Construction

New phase planned at Blue Heron

$13.5M development includes18 home lots

January 17, 2019

Blue Heron, a residential subdivision off Indian Trail Road north of the Spokane city limits, is launching its next phase of development with 18 new lots. The lots range in price from $140,000 to $200,000, and Blue Heron developer Pete Rayner

Spokane Housing Ventures lands funding for two projects

$3M duplex project eyed at northeast Spokane site

January 17, 2019

LeAnn Bjerken

Spokane Housing Ventures has secured partial funding to develop five duplex structures in northeast Spokane for homeless veterans and to acquire senior housing in Central Washington. Dave Roberts, senior developer at Spokane Housing Ventures, says

Spokane-area home sales in 2018 outpace previous year

Observers say rising prices, low inventory might slow 2019 market momentum

January 17, 2019

Natasha Nellis

Spokane-area single-family home purchases in 2018 saw a small increase compared with the previous year, closing out at 8,212 sales, up 1 percent over 2017, a report released last week by the Spokane Association of Realtors shows.

Four Valley apartment complexes change hands

Multifamily broker claims more out-of-state buyers are eyeing Spokane market

January 17, 2019

Natasha Nellis

Multifamily housing in Spokane has become a hot commodity for out-of-state investors, contends Hank Seipp, Spokane Valley-based multifamily broker for Berkshire Hathaway HomeServices.

New industrial park planned in Hillyard area

L.B. Stone Properties envisions complex with half million square feet

January 17, 2019

Samantha Peone

Spokane real estate development company L.B. Stone Properties LLC plans to construct a new industrial park on 22 acres just west of the Esmeralda Golf Course, in the Hillyard neighborhood

Housing organization to move Rose Apartments

Time line for relocation depends on state offer

January 17, 2019

Natasha Nellis

East Central Community Organization, a Spokane-based nonprofit housing organization, plans to move an estimated 360,000-pound brick apartment building it owns this year.

Public projects to carry Spokane building sector

Total volume of planned work is north of $412M

January 17, 2019

Natasha Nellis

More than $412 million in new public construction projects are slated across Spokane County this year, including work on the next phase of the North Spokane Corridor, the start of the Hamilton Street Corridor Enhancement Project, bridge improvements

Off site, on point

Labor shortage, costs compel more builders to use prefabrication

January 17, 2019

Samantha Peone

With rising labor costs and a shortage of construction workers, off-site construction is becoming more widely used as a method for Spokane-area contractors and subcontractors to save money and boost project efficiency

Washington's condominium conundrum

Housing advocates say state law makes building condos cost prohibitive

January 17, 2019

LeAnn Bjerken

The Washington state Condominium Act adds to development costs and liabilities making condo construction an unattractive option for builders seeking to meet the demand for affordable housing, some construction industry professionals here say.