The Spokesman Review is reporting on a planned expansion for Kootenai Medical Center in Coeur d’Alene.  The expansion is currently projected to cost $30 million and is slated to add 52,000 square feet.

Here’s The Dirt: Kootenai Medical Center to expand

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Deer Park looks to awaken - Spokane Business Journal

City approval of office tower is appealed - Spokane Business Journal

Big project planned in Rathdrum - Spokane Business Journal

Bankcda consolidating offices - CDA Press

Lounge aims to fill swanky void - Spokesman Review

Judge OKs county track purchase - Spokesman Review

Big projects eyed near raceway - Spokane Business Journal

Parker Toyota reconsiders expansion - Spokane Business Journal

Crown West plans project at SBIP, but sees slower growth - Spokane Business Journal

PARD will not take appeal to state supreme court - Daily Evergreen

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Several months ago the Senor Froggy building in downtown Coeur d’Alene was torn down. The lot has been vacant and fenced off since. Here is an article about the developer’s plans.
Development plans pending for vacant lot - CDA Press

Downtown Coeur d’Alene has seen a fair share of new projects with adequate absorption. However, it looks like development has been put on hold until users can be found. Developers are finding it more difficult to come out of the ground with speculative development.

Please note, across from the previously mentioned site, we have a 1/2 city block development lot available for sale. You can view the listing at the link below:

724 E Lakeside Ave
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A recent article in the Spokesman Review detailed Coeur d’Alene’s unique ability to potentially beat a national recession. Business consultant Mark Hovind has identified 27 “recession proof” cities. He bases this list off of data from the U.S. Bureau of Labor Statistics.

In my own personal opinion, Coeur d’Alene is definitely not immune to the national trends, however we have a unique area with an increasingly diverse economy. Our area has continued a positive influx of immigration from neighboring states. What is for certain, Coeur d’Alene will continue to be a highly desirable area that will continue to grow despite problems in the national economy.

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On March 20th, Coldwell Banker Commercial hosted a commercial real estate forum. Here are the slides, video and market report from the forum.

· Market Forum Slides

· Market Forum Video

· 2008 Commercial Market Report

If you need a hard copy of any of the material, please don’t hesitate to contact us.

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