Real Estate & Construction

North Side retail building bought for $7.5 million

Structure occupied by Michaels, Cash&Carry

June 5, 2014

AB Management LLC, a Woodinville, Wash.-based real estate investment company, has bought a two-tenant retail structure on Spokane's North Side for $7.5 million. The 51,800-square-foot, one-story building at 7630 N. Division is occupied by a Michaels St

Another project emerges in downtown's creative alley

Former Cold Storage site will be mixed-use space

June 5, 2014

Katie Ross

Cold Storage Spokane LLC, of Anchorage, Alaska, is renovating a former warehouse at 116 W. Pacific downtown into retail, office, and possibly residential space in a phase of work valued at $1.7 million, says owner Jerry Neeser. Another of Neeser's com

Housing program issues funding recommendations

Allocations through county would total $3.3 million

June 5, 2014

Mike McLean

Spokane County's affordable-housing program has recommended allocating $3.3 million to be divided among four low-income housing projects using funds available through the U.S. Department of Housing and Urban Development. All of the projects named in th

Scaled-back project returns to Cd'A's Midtown area

Mixed-use building would include 38 residential units

June 5, 2014

Mike McLean

A long-envisioned retail and residential project proposed north of downtown Coeur d'Alene is back in the forefront after a few years of delays, though at a smaller scale than originally proposed, the Lake City Development Corp. says. The three-story pr

Divcon expects biggest year to date

Specializing in tilt-up concrete building, contractor projects $20 million in work

June 5, 2014

Katie Ross

Spokane general contractor Divcon Inc. is expecting a work volume of about $20 million for 2014, its best year ever, says President Shane Miller. John Miller, Divcon chairman and Shane's father, says the work increase is due partly to the company's

Increasingly independent real estate agencies

Nonaligned real estate brokerages see growth, say reduced fees attract agents

June 5, 2014

Mike McLean

Some independent real estate brokers here say their agencies are growing rapidly despite not having the brand recognition of regional and national franchise operations. Dan Lysek, co-owner and designated broker at Spokane Valley-based Live Real Estate LL

Silvey Construction to construct office building along Nevada Street on North Side

$3 million project to be completed within a year

June 5, 2014

Mike McLean

Spokane Valley contractor Silvey Construction Inc. has obtained a building permit to construct a $3 million office building on Spokane's North Side. The proposed project site is a vacant parcel of land at 9911 N. Nevada, just north of a Horizon Credit

Gymnastics studio plans new $1.8 million facility in Hillyard area

Dynamic to expand offerings after move

June 5, 2014

Katie Ross

Harris Athletics Corp., which operates Spokane gymnastics and cheer academy Dynamic Gymnastics & Cheer, is developing a new $1.8 million facility in the Hillyard area, and plans to relocate there from a smaller space on north Division Street, says owner A

Staples store moves are central to three projects

Party City, Destination XL will enter Spokane market

June 5, 2014

Mike McLean

Staples Inc., the Framingham, Mass.-based office supply retail chain, is making two of its Spokane-area outlets smaller, says a commercial real estate agent with some knowledge of the projects. Meantime, Party City Corp., a Rockaway N.J.-based party supp

Kaiser plant owner eyes second phase of demolition

Former Mead Works site prepped for business park

June 5, 2014

Katie Ross

New Mill Capital LLC, the owner of the large former Kaiser Aluminum Corp. Mead Works smelting plant property north of Spokane, is readying for the second phase of demolition at the long-shuttered plant, says Ken Hoff, site manager. Hoff says he hopes bi