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Real Estate & Construction

—Karina Elias

Once sleepy, Deer Park is home to fast-paced growth

More than $200 million in housing eyed, underway in bedroom community in north Spokane County
October 6, 2022
Karina Elias
The rural town of Deer Park, roughly 22 miles north of downtown Spokane, is attracting massive growth as over 700 residential units valued at more than $200 million are planned or under construction in and near the community of 4,200 people. Travis Hanso
Read More
—Knife River Corp.

Manufacturers make room with $60M in projects

Projects nearing $60M in total value underway for four companies here
October 6, 2022
Virginia Thomas
Prominent manufacturers in the Spokane area are expanding either through construction at new locations, acquiring existing buildings, or conducting on-site renovations. All told, the projects at Knife River Corp., MacKay Manufacturing Inc., McKinstry Co.
Read More
—RumbleOn

Whatever happened to developer Marshall Chesrown

Former real estate mogul now heads Nasdaq-traded company that buys, sells used powersports vehicles
October 6, 2022
Mike McLean
Marshall Chesrown, the former prominent Coeur d'Alene-based developer whose ambitious real estate business collapsed during the Great Recession, has returned closer to his roots with a publicly traded company that buys and sells used vehicles.
Read More

Commercial valuations set new record in Spokane County

Multifamily property sales said to lead sector in higher assessments
October 6, 2022
Erica Bullock
Spokane County's assessed property values for new construction this year are $300 million higher than in 2021, fueled by climbing construction-related costs for materials and labor, says Spokane County Assessor Tom Konis.
Read More

Inland Northwest title companies lean into headwinds

Industry leaders say downturn is inevitable, make moves to secure greater market share
October 6, 2022
Erica Bullock
Business for title insurance companies is down this year, caused by declining numbers of purchase and refinance transactions, representatives of title companies here say.
Read More

Spokane Valley apartment complex sells for $145M

Buyers secure $107M to finance purchase
September 22, 2022
Erica Bullock
The Granite Pointe apartment complex in Spokane Valley has been purchased for $145 million, according to a release from the Bellevue, Washington office of Berkadia, a New York-based financial group that serves the commercial real estate industry.
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Sunset Pointe Office Building changes hands for $10.1M

Mental-health nonprofit to construct peer respite home near its offices
September 22, 2022
Karina Elias
Passages Family Support, a nonprofit, outpatient mental health center, has purchased Sunset Pointe Business Park building for $10.1 million from Arger Sunset LLC, says Gene Arger, of Arger Co. Real Estate Inc. Passages Family Support had been a tenant at
Read More

Northwest Specialty Hospital sells Post Falls campus for $67.5M

Health care organization's operations remain under physician ownership
September 22, 2022
Virginia Thomas
Northwest Specialty Hospital has sold its buildings and property to a Milwaukee-based investment management company for $67.5 million, becoming a tenant in the 186,000-square-foot facility the specialty hospital formerly owned.
Read More
—File

What's Happening With: Beacon Hill developments

After another delay, work may be back on track soon
September 22, 2022
Mike McLean
Developers behind the long-envisioned but chronically stalled Beacon Hill planned unit development say the first phase of housing construction plans should be back on track in coming weeks, when the pumps that will supply water to the site are installed.
Read More

Daugharty Commerce Park planned in Hayden

42 buildings to occupy 14 acres near airport
September 22, 2022
Erica Bullock
Construction is expected to begin next month on a 42-building complex dubbed Daugharty Commerce Park, which will have 136,000 square feet of commercial space available for lease in Hayden, says Paul Daugharty, member of Daugharty Investments LLC, the ent
Read More
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