Spokane, Washington

The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.

The most valuable ground in the city, and what the public record says about it.

At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.

Spokane's largest landholders are public: government-exempt parcels cover about 10,200 acres — nearly 30% of the city's recorded parcel area — led by the jointly owned airport system, City parkland and schools. The private holdings that matter most are institutional: Providence's Sacred Heart campus is the single most valuable parcel in the city. The County does not publish owner names in its open parcel layer, and its bulk taxpayer file is behind a no-commercial-use pledge this research did not accept, so the groupings below come from exemption codes on the open layer and from each owner's own documents, not from a ranked list of owners.

New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.

In 2025 the City of Spokane permitted 692 new homes: 167 single-family houses, 46 units in duplexes, 57 in three- and four-unit buildings and 422 in 26 buildings of five or more units (Census Bureau). Unlike Seattle, the for-sale market is led by national and regional production builders working subdivisions at the city's edges, not by infill townhouse LLCs. No Spokane builder league table exists. The figures below count 2024–2025 recorded sales of houses built 2023 or later inside the City limits, by the selling entity, from the Assessor's open residential sales layer — new homes sold, not starts — with each deed (excise number) counted once. Bulk transfers between builders, land-bank entities and investors (DRP WA 1, HHIF VII, Millrose Properties Washington and a Ryn Built Homes package) are left out because one deed covers many lots.

The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.

Spokane has no REIT-dominated core. Its biggest commercial holdings change hands one at a time to out-of-town private buyers: a New York retail investor bought NorthTown Mall, a Denver private-equity firm the Davenport hotels, a British Columbia company the tallest office tower. One local company has held the downtown retail anchor for decades. No published league table of Spokane landlords was found; the list is assembled from reported transactions, so a holder that has not traded recently may be missing. The Spokane Journal of Business, cited several times here, is itself owned by Cowles Co. through an affiliate (The Spokesman-Review says so).

Claims this page would have made if a source could be opened. They are left out rather than guessed.

1. Spokane County GIS — Parcels feature service (Esri-hosted): parcel number, site address, property use, exemption code, assessed and land value, acreage, tax year 2026; 214,624 parcels; no owner field. Item licence text. — Spokane County (Assessor / GIS) · openA
2. Spokane County GIS Data Catalog — 'Parcel Data Files' page (taxpayer_info, sale_info, mailing_address, property_info and other tables) and its 'Commercial Purposes Disclaimer' page ending 'I Agree' — Spokane County (Assessor / GIS) · registrationA
3. Real estate excise tax — graduated state rates (1.1% to $525,000; 1.28% to $1,525,000; 2.75% to $3,025,000; 3% above, from 1 Jan 2023; new thresholds from 1 Jan 2027), deeds reported to the county, controlling-interest transfers (50% or more) reported to DOR — Washington State Department of Revenue · openA
4. Real Estate Excise Tax Rates, effective 27 Dec 2018 – 31 Dec 2019: location code 3210 Spokane (city), local 0.50%, combined 1.78% — Washington State Department of Revenue · openA
5. ResidentialCompSales (vwResidentialCompSalesFinder) — residential sales reviewed by the Assessor, Jan 2015 to Oct 2026: parcel, excise number, sale amount, dates, tax code area, deed type, grantor, grantee, site address; 131,276 rows; no licence stated on the item — Spokane County (Assessor / GIS) · openA
6. Bank of America building sells for $47.7 million (Redstone Group of Cos. buys from Unico Properties LLC; completed 14 Dec 2018) — Spokane Journal of Business · openA
7. Paulsen Center being sold (purchase through Rainier Properties, a real-estate affiliate of Diamond Parking Inc.) — Spokane Journal of Business · openA
8. Davenport Hotels sell for $200 million (county records: Davenport Grand $78.1M, Historic Davenport about $45.2M) — Spokane Public Radio · openA
9. KSL Capital Partners Acquires Luxury Hotel Portfolio from Davenport Hotels in Spokane, WA (press release: an affiliate to acquire five hotels, nearly 1,800 rooms) — KSL Capital Partners, via Hotel Executive newswire · openA
10. City of Spokane — Financial Statements and Federal Single Audit Report, 1 Jan – 31 Dec 2024 (Report No. 1038150): notes on the Spokane Public Facilities District interlocal agreement and on joint ventures (Spokane International Airport) — Office of the Washington State Auditor / City of Spokane · openA
11. One Spokane Stadium to host a ribbon cutting ceremony today ('The $38 million stadium is owned by Spokane Public Schools… operated by the Public Facilities District') — Spokane Public Radio · openA
12. PFD nears agreements for One Spokane Stadium (PFD owns the land; land lease, parking and operating agreements with Spokane Public Schools) — Spokane Journal of Business · openA
13. About Spokane Airports ('jointly owned by Spokane County and the City of Spokane'; GEG over 6,000 acres; 540-acre business park) — Spokane International Airport · openA
14. Riverfront Spokane — About Us ('The City of Spokane's Riverfront Park is a 64-acre park') — City of Spokane · openA
15. Spokane Public Facilities District — home page (720 W Mallon Ave; Numerica Veterans Arena renaming release, 7 Nov 2025; venues: Arena, Convention Center, First Interstate Center, The Podium, ONE Spokane Stadium) — Spokane Public Facilities District · openA
16. Providence Sacred Heart Medical Center — location page (101 W 8th Ave, Spokane; founded 1886) — Providence · openA
17. WSU Spokane Facilities Operations ('the 55-acre campus') — Washington State University Spokane · openA
18. Avista Corp. Form 10-K for fiscal 2025 — Item 2, Properties (company-owned hydroelectric stations on the Spokane River) — Avista Corp., via SEC EDGAR · openA
19. Spokane Housing Authority — About Us (over 6,500 families assisted a year; formed 1972 by the City; property list) — Spokane Housing Authority · openA
20. NorthTown Mall acquired in $49 million transaction (Kohan Retail Investment Group from Brookfield Properties LLC, completed 11 Feb 2022; 1 million sq ft) — Spokane Journal of Business · openA
21. RPS development — section page on the River Park Square redevelopment ('the mall's owners, the development companies run by what is now Cowles Co.') — The Spokesman-Review · openA
22. Building Permits Survey — annual place data 2025, West Region (Spokane city: 1-unit 167; 2-unit 46 units; 3–4 unit 57 units; 5+ unit 422 units in 26 buildings) — U.S. Census Bureau · openA
23. Lennar Corporation FY2025 Form 10-K, Exhibit 21 — list of subsidiaries as of 30 Nov 2025 (Lennar Northwest, LLC, DE) — Lennar Corporation, via SEC EDGAR · openA