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Latest News

Evergreen office park planned

$2 million development to include three buildings; work to begin this spring
February 26, 1997
Linn Parish
A partnership headed by Spokane contractor Mike Silvey plans to develop a Spokane Valley office park that will include three buildings and cost $2 million.The park, to be called River Rock Professional Center, is planned for the northeast of a
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Company still pursuing big strawboard plant

Columbia Ag Fiber chose town of LaCrosse, Wash., for transport accessibility
February 26, 1997
Addy Hatch
A company that hopes to build a strawboard plant on the Palouse has leased nearly 350 acres in LaCrosse, Wash., and is pursuing building permits for the project.The company, Columbia Ag Fiber Inc., chose LaCrosse for its plant site because of a
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Sterling enters Seattle corporate-banking fray

Spokane institution opens office in well-known spot near center of downtown
February 26, 1997
Richard Ripley
Sterling Savings Bank, of Spokane, has opened a corporate-banking office in downtown Seattle, employs three staff members there now, and expects to employ eight by the end of the year as it strives to plumb the market in the center of Washingtons
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Wash. Trust posts record net income

Spokane-based bank also reports large increases in assets, deposits, loans
February 26, 1997
Linn Parish
Spokane-based Washington Trust Bank has posted record net income for 2002, and crested $2 billion in assets by year-end. In its annual report, the bank reports 2002 net income of $24 million, up 11.7 percent from $21.5 million the previous That
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CountyÂ’s retail salesgrew in third quarter

Automobile sector posted big gains, while department stores, others saw declines
February 26, 1997
Megan Cooley
Taxable retail-trade sales rose 5.3 percent in Spokane County and 5.1 percent in the city of Spokane during the third quarter of 2002.The county logged retail-trade sales of $823 million, up from $782 million in the third quarter of 2001, and 5
Read More

Spoval Fiber Optics sold; plant being idled

Massachusetts company hires co-founder, but 20 in work force lose jobs
February 26, 1997
Addy Hatch
A Massachusetts company has bought certain assets of Spoval Fiber Optics Inc., a Spokane maker of fiber-optic distribution panels, resulting in the elimination of 20 jobs here and the closure of Spovals plant, which is being shuttered now. Spoval
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Selling tile Italian style

Reillo Tile Co.
February 26, 1997
Kim Crompton
Luigi Lou Reillo arguably enjoyed an advantage because of his heritage when he journeyed to Italy, where some of the worlds finest tile is made, on several occasions before starting an imported-tile wholesale business here about 17 months the
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High-rise condos proposed

Building on NW Boulevard would include 42 mid-priced residential units, offices
February 26, 1997
Addy Hatch
North Idaho real estate executive Brad Jordan is making plans for a high-rise condominium-and-office project near Coeur dAlenes city center.Current plans call for a 10-story project that would include 42 mid-priced condominium units, three
Read More

Winemaking sustains allure

Starting a winery is pricey, but industry statewide has tripled; 10 in Spokane
February 26, 1997
Addy Hatch
If you want to make a small fortune in the wine business, the old saying goes, invest a large fortune. Winery owners in the Inland Northwest say thats not too far from the truth, yet the attraction of making and bottling fine wines keeps
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Met faces IRS challenge

Agency wants to disallow $28 million tax benefit, company disclosure says
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., the big Spokane-based financial-services company, is being challenged by the Internal Revenue Service over a $28 million tax benefit it claimed on an investment loss.The company disclosed in its most in a
Read More
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