by Jordan Lester | May 14, 2025 | Advisor Insights, News
On May 7, 2025, Governor Bob Ferguson signed House Bill 1217, making Washington the third U.S. state to pass statewide rent control, following Oregon and California. The law took effect immediately and will shape how leases, pricing, and new development are handled...
by Jordan Lester | Apr 8, 2025 | Blog, CRE Trends
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2025 Q1 Total Properties Sold: 14 Total Units Sold: 185 Total SF Sold: 133,456 Total Volume Sold: $22,904,603 Average Sale Price/Unit: $132,083 Average Sale Price/SF: $178 Average Sale Cap Rate: 6.29% Average %...
by Karli Schwab | Mar 25, 2025 | News
1804-1808 S Lawson St | Airway Heights | $995,000 Sale Highlights Sale Price: $995,000 Units: 8 Unit Mix: (8) 2bed/1bath units Price Per Unit: $124,375 Year Built: 1994 Financing: Residential Days to Close: 31 Cap Rate: 6.47% Buyer Testimonial: Working with...
by Jordan Lester | Mar 12, 2025 | Advisor Insights, Blog
Vacancy rates in Spokane County have been on the rise since Q1 2021, currently averaging 7.7%, a significant increase from the 3% seen in 2021. In my daily conversations with Spokane County multifamily owners, many are experiencing more and longer vacancies before...
by Jordan Lester | Feb 26, 2025 | Advisor Insights, News
On February 20th, the Washington Supreme Court ruled in Housing Authority v. Knight that landlords of subsidized properties can now issue 30-day pay or vacate notices for nonpayment of rent, replacing the previous 90-day requirement. The ruling also shortened notice...
