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SPOKANE, WASH., OCTOBER 20, 2015 – David Peterson, Executive Vice President and Chief Operating Officer of Goodale & Barbieri and Tom Barbieri, President of Goodale & Barbieri, together with Dakota Pacific, a John R. Miller Company, announced today they have completed the acquisition of the RLH building, located on the north bank of the Spokane River in downtown Spokane, WA.

The six-story RLH office building includes 100,000 square feet of office space and a 252 car parking garage. Major tenants include Red Lion Hotels Corporation, HomeStreet Bank, TransCanada Corporation, Mutual of Enumclaw Insurance, Wipfli LLP and Farmers Insurance. “When targeting investment opportunities, we look for experienced management teams operating sustainable business models, and we are pleased to have that in David and Tom,” said Lane Critchfield, Managing Director of Dakota Pacific. “Their history of development and management in the Spokane market is unsurpassed and the property fits our criteria well.” The RLH Building was constructed by Goodale & Barbieri in 1985, and the Company has managed it since its opening. “The location is ideal, and we know the property well,” said David Peterson, Executive Vice President of Goodale & Barbieri Company. “It’s a fantastic building and we’re confident we’ll continue to attract strong tenants.”

The RLH Building, 201 W. North River Drive, sits across the Spokane River from the expanded Spokane Convention Center and Riverfront Park. “The revitalization of the Spokane riverbank, with the upcoming $60 million renovation of Riverfront Park, makes this location so exciting for us as owners as well as for our tenants,” said Thomas Barbieri, President of Goodale & Barbieri Company. “We seek well positioned, well located properties to add to our portfolio, and the RLH Building is a perfect execution of that strategy.” Goodale & Barbieri Company will continue as property manager.

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A new proposal by Governor Rick Scott has proposed temporary sales tax exemptions for back-to-school supplies, disaster preparedness items, and recreational activities. But this proposal would only serve as a band-aid and will not address the deep inequities in Florida’s tax code. In fact, the Institute on Taxation and Economic Policy said that such temporary exemptions would only benefit Floridians temporarily, while causing many to lose their homes to foreclosure. Fortunately, Florida has a tax reform alternative – the Working Floridians Tax Rebate.

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The state has long fought for tax breaks for businesses, but the current policy does not go far enough. DeSantis has promised to veto the tax cuts if he loses the November election. But he has also promised tax breaks for businesses that double as campaign donors. One proposal will eliminate sales tax on Daytona 500 and Formula One grand prix tickets. Another plan is to give an exemption for aquaculture, which could benefit Atlantic Sapphire.

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Florida lawmakers approved a $1.2 billion tax break for Floridians in a measure known as House Bill 7071. This plan includes ten sales tax holidays. This will make it easier for Floridians to purchase items that are commonly purchased by Florida families. The bill also lowers the price of gas by 25 cents a gallon. Fortunately, the state is addressing the problem of high inflation. It is also important to note that these new tax breaks will only benefit those in Florida.

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