The city of Medical Lake is planning to expand recreation, tourism, and economic development opportunities after assuming ownership of 60 acres of land, including Waterfront Park and portions of the Medical Lake trail system.

Spokane Valley-based general contractor Hug Services Inc., which does business as Hug Construction, has acquired Construction Associates of Spokane Inc., a Spokane-based commercial general contracting company.

Construction is underway on new synthetic turf athletic fields at a pair of Spokane high schools, part of the Together Spokane initiative that is expected to bring stability for architects, engineers, and contractors in the region.

As the books closed on the second quarter of 2026, Spokane's commercial real estate market wasn't booming, and it wasn't breaking. It was holding. 

OneAEC, a Spokane-based nonprofit serving architecture, engineering, and construction professionals, is preparing to transition into a new regional chapter of Alexandria, Virginia-based Society for Marketing Professional Services in 2027.

In the residential real estate sector, crossing the million-dollar purchase threshold in the Northwest varies widely across different markets. 

A Spokane Valley-based real estate development company has purchased 5 Mile Shopping Center, at 1812 W. Francis, and several neighboring commercial buildings for $32 million.

Downtown Spokane’s office vacancy rate has increased to about 30% due to postpandemic business trends, aging buildings, rising rent costs, and safety concerns. 

Providence is investing $9 million to modernize four operating rooms at Sacred Heart Medical Center, located at 101 W. Eighth in Spokane, as part of a multiyear project to revamp all 28 surgical rooms at the hospital.

Bremerton, Washington-based architectural firm Rice Fergus Miller Inc. is seeing an increase in work in the Spokane area, and Gunnar Gladics, principal and partner at the firm, anticipates continued growth in both projects and personnel.