Spokane Journal of Business

Local News > Real Estate

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Spokane new-home starts are on the rise again

The Spokane-area new-home market looks to be strong for the foreseeable future, some prominent homebuilders here say. In the first four months 2016, Spokane County and the cities of Spokane Valley issued a total 389 building permits for single-family hom...

Assisted-living facility eyed on the South Hill

Co-owners and operators of a Coeur d’Alene assisted-living facility are part of a prospective ownership group exploring the potential to develop a similar facility for up to 80 residents on the South Hill. The development site would be on 5 acres of va...

Land Rover, Jaguar auto dealership plans

The combined Jaguar, Land Rover, and Volvo auto dealerships downtown are planning a $5 million-plus renovation and expansion project that eventually will include the entire block on which the dealerships are now located, says Francois Chaker, the general ...

Sherwood Apartments building to undergo facelift

The Sherwood Apartments building, at the southwest corner of Main Avenue and Bernard Street, soon will be undergoing renovations to update both its commercial and apartment spaces. Located at 301 W. Main, the 28,000-square-foot building includes a grou...

Moses Lake company buys two complexes on Spokane’s North Side

Moses Lake-based real estate investment company 5D Holdings LLC has bought for $17.9 million two apartment complexes with a total of 300 living units on Spokane’s North Side. The complexes are the Serrano Apartments, located at 121 E. Wedgewood, and th...

Meridian to build City Hall in Valley

The city of Spokane Valley has awarded a $10.6 million construction contract for its planned City Hall to Meridian Construction Inc., of Spokane Valley. Meridian had submitted the lowest bid to erect the 65,200-square-foot facility, which will include th...

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YMCA considers development of South Hill facility

YMCA of the Inland Northwest is looking into whether the organization should build a potentially large new exercise facility on Spokane’s South Hill. It still is evaluating a recent market research study that indicates there may be a need for a new fa...

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Sprucing up near Steam Plant

Avista Development Inc., a subsidiary of Avista Corp., is in the early stages of discussing with city officials and downtown businesses possible efforts to improve the aesthetics around Steam Plant Square, which it owns. Spencer Sowl is Avista Developmen...

Vandervert Construction builds, converts lube centers for Valvoline

Lexington, Ky.-based Valvoline Instant Oil Change has selected Vandervert Construction Inc., of Spokane, to convert 70 former Oil Can Henry’s Outlets to the Valvoline brand and to construct two new prototype lube centers in the Pacific Northwest, says A...

McCloskey Construction begins work on new North Side medical building

McCloskey Construction Inc., of Spokane, began work this week on a new two-story, 12,300-square-foot professional office building that will be occupied partly by physical and occupation therapy clinics. The building, which is expected to cost $2.5 milli...

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