Success Story

In September of 2022, the former tenant of this location had closed for business. In December 2022, this tenant shut off the heat to save costs, causing a catastrophic pipe burst that led to severe flooding and ultimately, a complete demolition of the space. Though insurance eventually covered $210,000 in damages, the property sat vacant for nearly two years amid extensive restoration efforts. The mitigation of the flooding was not handled properly, and it became apparent in the Fall of 2023, that a disastrous mold problem had occurred. Though insurance eventually covered $210,000 in damages, the property sat vacant for nearly two years amid extensive restoration efforts.

Kiemle Hagood Welcomes New Shareholders

Kiemle Hagood welcomes the addition of seven new shareholders, marking a significant milestone in our continued growth and long-term succession planning. Our new shareholders (Pictured Left to Right) include Leslie Yates, Chief Financial Officer; Erik Nelson, SIOR, Broker (Spokane); Pat Eberlin, Broker (Coeur d’Alene); Carl Guenzel, Broker (Spokane); Tim Kestell, Broker (Spokane); Richard Fox, Broker (Spokane); and Chad Carper, Broker (Spokane). These new shareholders join existing owners Gordon Hester, President and Chief Executive Officer, and Casey Brazil, Vice President and Chief Operating Officer, further strengthening our firm’s leadership and ownership structure. Their investment and leadership will further strengthen our ability to enhance the level of support we provide our clients, and continue the advancement of our company at large. This is an exciting milestone that reflects Kiemle Hagood’s long-term commitment to serving the Intermountain Northwest Region with excellence through ongoing innovation, and the continuation of the values that have defined our company since 1971.

EWU Honors Gordon Hester

Kiemle Hagood is proud to celebrate an extraordinary milestone for our organization and our region. Our CEO and President, Gordon Hester, has been named the 2026 recipient of the Benjamin P. Cheney Lifetime Achievement Award by Eastern Washington University. This prestigious honor recognizes alumni whose lifetime of leadership, integrity, and professional impact has made a meaningful difference in their field and in the communities they serve.

Success Story

When Kiemle Hagood assumed management of 208 Trade Stations in September 2024, the 24-unit office/warehouse complex presented a clear opportunity for operational improvement and increased profitability. At the time of transition, the property had only eight tenants in place and was previously managed by another firm. While the leases in place required tenants to pay their own utilities, those provisions were not being enforced. Utility accounts had not been transferred into tenant names, resulting in the owner unknowingly covering ongoing operational expenses that should have been tenant responsibilities.

1st Annual Market Pulse Event

The 1st Annual Kiemle Hagood Market Pulse marked the launch of a new kind of industry conversation, one rooted in collaboration, data, and forward-looking strategy across the Inland Northwest. We brought together leaders in commercial real estate, property management, legal advisory, and tax strategy for a comprehensive discussion on the forces shaping today’s market and what lies ahead in 2026. The event was presented in partnership with Witherspoon Brajcich McPhee, PLLC (WBM) and CliftonLarsonAllen (CLA), highlighting the increasingly interconnected nature of brokerage, legal frameworks, and financial strategy in navigating a complex commercial landscape.

5 Things We Learned at ICSC Las Vegas 2026

Kiemle Hagood recently attended ICSC Las Vegas 2026, one of the commercial real estate industry’s largest annual gatherings for retail, development, investment, brokerage, property management, and property technology professionals. Held at the Las Vegas Convention Center, the event brought together thousands of decisionmakers from across the country for several days of meetings, market conversations, dealmaking, networking, and industry insight. For our team, ICSC provided a valuable opportunity to connect with national brands, developers, owners, investors, service providers, and industry peers while representing the Inland Northwest on a national stage. Here are five key takeaways from ICSC Las Vegas 2026.

5 Mile Shopping Center Sells for $32 Million in North Spokane

Kiemle Hagood is pleased to announce the sale of 5 Mile Shopping Center, one of North Spokane’s largest grocery-anchored retail centers, for $32 million. Located at 1812 W. Francis Avenue near the intersection of Francis Avenue, Ash Street, Maple Street, and Five Mile Road, the multi-tenant retail property includes approximately 14.2 acres and more than 163,000 square feet of retail space. Romax 5 Mile LLC purchased the property from 5-Mile Investment Company I LLC. Kiemle Hagood’s Casey Brazil and Richard Fox represented the seller in the transaction, while Colin Conway and Steve McIntosh, also of Kiemle Hagood, represented the buyer. The transaction has also received local media attention, including coverage from KHQ/NonStop Local, which highlighted the sale as a major North Spokane retail transaction and noted the center’s grocery anchor, strong tenant mix, and local ownership transition.