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Real Estate & Construction

Vandervert Construction placed in receivership

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February 5, 2018
Mike McLean
Prominent Spokane-based general contractor Vandervert Construction Inc. is facing a financial crisis, and control of the company has been placed under receivership. Spokane-based law firm Davidson, Backman, Medeiros PLLC was appointed to serve as the g
Read More
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Homes sales rise; foreclosures plummet in Spokane

After increasing last year, defaults hit 10-year low
February 1, 2018
Spokane-area single-family home purchases are expected to surpass the record reached in 2005, three years before the start of the Great Recession, says Rob Higgins, executive vice president of the Spokane Association of Realtors. Last year, 8,137 single-
Read More
—LeAnn Bjerken

The Need For LEED

Demand for sustainable certification wanes
February 1, 2018
LeAnn Bjerken
The popularity of LEED certification programs has diminished in recent years as building and energy codes have strengthened, some Spokane-area engineers and architects say. LEED, short for Leadership in Energy & Environmental Design, is a certification p
Read More
The Post Falls Factory Stores, which had two tenants late last year, is expected to be up to 70 percent full this spring.

Old Factory Outlets spaces to fill up in Post Falls

Large amounts of space absorbed in buildings that had been mostly vacant
February 1, 2018
Samantha Peone
The former Post Falls Factory Outlets complex and the neighboring Post Falls Factory Stores building, both of which have been mostly vacant for roughly a decade, will be mostly occupied by the end of the year, current owners say. 'I think it's going
Read More
—Samantha Peone

Spokane-area building permit volume breaks record

Valuations top $1.1 billion; city sees biggest increase
February 1, 2018
Samantha Peone
Building permit values for Spokane County, the city of Spokane, and the city of Spokane Valley's combined hit $1.13 billion in 2017, a record high, records indicate. That's greater than the previous record from 2013, which totaled $1.03 billion.
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Two commercial real estate agents open new brokerage in Spokane

Former NAI Black agents establish LT Real Estate
February 1, 2018
Samantha Peone
Spokane commercial real estate brokers Dallas Lightner and Ryan Towner have opened a new brokerage on Spokane's North Side, Lightner says. The new company, LT Real Estate LLC, occupies a 1,700-square-foot building at 2614 N. Monroe. The agency speciali
Read More

126-unit apartment complex slated for Spokane Valley

$9.3 million in permits issued for development
February 1, 2018
Samantha Peone
A 126-unit apartment complex with a construction value of $9.3 million is slated for 16511 E. Sprague, in Spokane Valley, says Del Stratton, project manager with Douglass Properties. Wyatt Architects & Associates PLLC, of Spokane Valley, is the architect
Read More

Spokane International Academy hopes to house its two schools at one site

Consolidation to involve buying, expanding building
February 1, 2018
Administrators for the Spokane International Academy are moving forward on a $3.7 million proposal to consolidate the two schools they operate into a single location on the 500 block of East Wellesley Avenue, on Spokane's North Side. The Primary Academ
Read More

Two more buildings rising at Playfair Commerce Park

Projects in park to be completed later this year
January 18, 2018
Construction is underway on two more warehouse buildings at the nearly 60-acre Playfair Commerce Park, the former home of the Playfair horse racing track in East Spokane. 'Depending on the success of the two buildings, construction could start on anoth
Read More

Downtown structure renovated, renamed SoDo Commons

Building's units marketed to be workforce housing
January 18, 2018
LeAnn Bjerken
Chris Batten, a Spokane developer and owner of RenCorp Realty LLC, has renovated the former Danmor Apartment building, at 410 W. Third, into SoDo Commons micro apartments. Batten purchased the 110-year-old building in the fall of 2016. The building's s
Read More
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