Spokesman-Review: California group buys Spokane’s Park Tower Apartments
A California company specializing in owning and managing affordable and low-income housing has purchased the 20-story Park Tower Apartments across from the Spokane Convention Center.
Built in 1973, the Park Tower has 184 units for seniors and disabled residents, most of whom are able to afford rents in the building through federal housing assistance.
The new owner is California Commercial Investments of Westlake Village, Calif. It owns and manages about 50 properties with nearly 5,000 units across the country. It provides affordable housing and conventional housing, said Danielle Hastie, a company spokeswoman.