Iconic Spokane Downtown Building Gets New Owner - Spokane, North Idaho News & Weather KHQ.com

Iconic Spokane Downtown Building Gets New Owner

SPOKANE, Wash – An iconic building in downtown Spokane now has a new owner: Inland Northwest Health Services.  INHS is already a tenant of the building at 601 W. 1st, and occupies roughly 6 of the 17 floors.  It already owned 26% of the building, but Friday, bought the rest. 

The remaining 74% went to auction at 10 am at the Spokane County Courthouse Friday, after the former owner defaulted, and the space went into foreclosure.  The bid price?  Just over $16 million; however that was the amount in default including fees and interest.   The amount INHS actually paid is likely much less, however the exact amount is confidential as of now.

CFO John Craig says the real-estate transaction shows INHS is here to stay, it helps the non-profit expand, and it helps brings economic stability to downtown. 

"This just gives us the opportunity to expand even more from our rehab hospital to our medical air ambulance company, as well as our IT infrastructure which is the majority of the occupants of the building," Craig told KHQ. 

INHS isn't the only tenant of the building; Wells Fargo Bank has offices there, as well as a mix of non-profits, business and government tenants.  This change in ownership will not affect or impact them.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mysterious wolf-like creature shot in Montana

    Mysterious wolf-like creature shot in Montana

    Thursday, May 24 2018 7:58 PM EDT2018-05-24 23:58:21 GMT
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB
    Image Courtesy KXLO via KFBBImage Courtesy KXLO via KFBB

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>

    DENTON, Mont. - A large wolf-like animal was shot and killed May 16 by a rancher near Denton, Montana. It now has wildlife officials and the public wondering what it was, according to KFBB. The animal came within several hundred yards of the rancher’s livestock. Montana Fish, Wildlife, and Parks (FWP) said in a statement the rancher shot it and reported it as required by law. The animal was a young, non-lactating female and a canid, a 

    >>
  • FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    FIRST ON KHQ: Former Spokane NAACP president Rachel Dolezal facing felony theft charges for welfare fraud

    Friday, May 25 2018 2:09 AM EDT2018-05-25 06:09:50 GMT

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance.

    >>

    SPOKANE, Wash. - Former Spokane Chapter NAACP President Rachel Dolezal is now facing legal trouble that could land her behind bars. KHQ has confirmed that Dolezal, who legally changed her name to Nkechi Diallo in 2016, is accused of 1st Degree Theft by Welfare Fraud, Perjury in the 2nd Degree, and False Verification for Public Assistance. Her potential punishment under RCW 74.08.331 could include up to 15 years in prison.

    >>
  • Man accused of murdering 10-month-old baby asks for change in his release conditions

    Man accused of murdering 10-month-old baby asks for change in his release conditions

    Friday, May 25 2018 10:36 PM EDT2018-05-26 02:36:09 GMT
    Suspect Joshua Mobley PHOTO: FacebookSuspect Joshua Mobley PHOTO: Facebook

    SPOKANE COUNTY, Wash. - The man accused of murdering the 10-month-old baby he was babysitting was back in court Friday asking for a change in his release conditions. Josh Mobley, 29, has been out on bond in the months following the death of baby Caiden Henry. His parents posted his $250,000 bond. Attorney's said Friday Mobley was asking to move his wife and four children into his parent's home after some financial issues. The 

    >>

    SPOKANE COUNTY, Wash. - The man accused of murdering the 10-month-old baby he was babysitting was back in court Friday asking for a change in his release conditions. Josh Mobley, 29, has been out on bond in the months following the death of baby Caiden Henry. His parents posted his $250,000 bond. Attorney's said Friday Mobley was asking to move his wife and four children into his parent's home after some financial issues. The 

    >>
HD DOPPLER 6i
/