Leavitt Capital Cos. is looking forward to an active market in 2025 after ending the year with the sale of a 45,000-square-foot office building at Pinecroft Business Park, in Spokane Valley.

Gonzaga University has named its 27th president, Katia Passerini, who will succeed Thayne M. McCulloh effective July 15.

Construction industry wage growth is expected to grow at a rate greater than inflation, but at a slower rate than seen in previous years.

The Machinists Institute is expanding its Spokane training center with a $3.6 million tenant improvement project.

Real estate affordability has been a top concern in Spokane and Kootenai counties this year for both the commercial and residential markets, and high costs are expected to persist in the new year.

A burst of construction activity in the beginning of the year has given way to a development slowdown that's projected to stabilize at a slower rate in 2025.

Clearwater Paper Corp. is planning a $4 million tenant improvement project at the company's headquarters in the Bank of America business center at 601 W. Riverside, in downtown Spokane.