The developer behind a proposed eight-unit flex warehouse park, at 9870 W. Flight Drive on the West Plains, is placing the project on hold following declining tenant interest due to higher interest rates, rising material costs, and uncertain market conditions this year. 

Westside Church Spokane is building a $2.2 million, 12,000-square-foot sanctuary at 11916 W. Melville Road, in Cheney, that will provide a permanent home for the congregation.

The construction industry is currently facing a significant surge in expenses driven by rising material costs, fuel prices, and complex regulatory requirements leading to challenges in balancing tighter margins with affordability, some builders say.

The city of Spokane is preparing to bolster its general fund by $2.1 million following the sale of its 11,800-square-foot North Monroe Public Defender Building. The deal, which is expected to close this month, is under contract for purchase by Ryan Best, of Spokane-based Best Law PLLC, and Beth Pierce according to a 14 page sale and lease agreement on file with the city.

The construction and development industry has changed significantly over the past two decades. Projects that once required a complex process involving a series of disconnected steps now are developed through a far more collaborative, strategic, and integrated approach. 

Olympia, Washington-based Heritage Bank has moved to a new permanent location following recent approval to operate as a full-service branch, says James Krejci, senior vice president and commercial team leader.

A recently constructed 30-unit apartment complex near the Spokane River changed hands last month, indicating growing investor demand for finished multifamily projects, says Bryan Walker, land development and investment specialist at Spokane-based NAI Black.

The Coeur d’Alene Tribe has purchased nearly 43,000 acres of timberland from Oregon-based Stimson Timber Company over the past two years, restoring land lost within the Coeur d’Alene Reservation during the late 1800s.

Overlooking the Spokane River from a hillside along the southern edge of Spokane's Kendall Yards neighborhood, construction is underway on a new $4 million, two-building apartment complex.