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Latest News

Metropolitan Mortgage posts big quarterly loss

Company blames red ink on soft mortgage market, projects profit this quarter
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, posted a loss applicable to common stockholders of about $12.4 million in its quarter ended June 30, up sharply from a $2.8 million loss in the year-earlier period, according to a recent filing in
Read More

Office tower plans take another step

Portland firm is selected to design high-rise; project scope work is set to begin
February 26, 1997
Kim Crompton
Plans for a proposed new office tower at the southeast corner of Howard Street and Riverside Avenue in downtown Spokane have progressed with the naming of a Portland architectural firm to design the structure.The firm, Thompson Vaivoda & Inc., &
Read More

Courtyard by Marriott planned at Liberty Lake

KVC Development Inc. to build its fourth hotel here, and 10th overall
February 26, 1997
Sandra Hosking
KVC Development Inc., a Spokane company that owns three hotels here and nine overall, says it plans to develop next year a Courtyard by Marriott hotel at Liberty Lake.The 90-room, four-story hotel will be located on Liberty Lake Road, just south
Read More

Key panel to recommend different convention site

Expansion to the east, next to the DoubleTree Hotel expected to be less costly
February 26, 1997
Anita Burke
The group assigned to examine options for expanding the city of Spokanes convention facilities expects now to recommend that the facilities be expanded to the eastjust south of the DoubleTree Hotel Spokane City Centerrather than on the block
Read More

Organizing the discombobulated

Organization & More
February 26, 1997
Linn Parish
Early in Linda Kunzs career as a paralegal secretary, when she barely knew the difference between a plaintiff and a defendant, her organizational skills were about all that kept her afloat in the legal community.Thirty years later, armed with
Read More

Wolff Cos. enters new markets

Purchases, new projects worth $100 million-plus slated in Las Vegas, Boise
February 26, 1997
Linn Parish
The Wolff Cos., long one of the most prolific apartment-complex operators in the Spokane area, is establishing itself as a major player in the Las Vegas and Boise markets, with more than $100 million in rental-property acquisitions and new planned
Read More

Big Liberty Lake projects set

Janek Co. involved in three deals worth as much as$20 million
February 26, 1997
Addy Hatch
Three real estate projects worth perhaps as much as $20 million in all are under way or planned at Liberty Lake, all involving Spokane-based real estate company Janek Co.According to Janek Co. President and founder Jan Ekstrom, the three 90 that
Read More

Wells plans office-retail center

Historic-renovation developer secures buildings west of Steam Plant Square, will create multiuse Freeman Center
February 26, 1997
Kim Crompton
Wells & Co., the Spokane design-build enterprise owned by Ron and Julie Wells that specializes in rehabilitating historic buildings, plans to convert several older structures just west of the Steam Plant Square complex into an office-retail center
Read More

Work begins on Fred Meyer at Third, Thor

$20 million outlet to open next fall; Vandervert will construct two-story design
February 26, 1997
Linn Parish
Fred Meyer Stores Inc., of Portland, has started construction of a two-story, $20 million retail outlet at the southwest corner of Third Avenue and Thor Street in east central Spokane.Rob Boley, Portland-based spokesman for Fred Meyer, says the
Read More

Pend Oreille Mine work to be bid yet this month

Cominco approves funding for $70 million project to reopen lead, zinc mine
February 26, 1997
Anita Burke
Spokane-based Cominco American Inc. expects to call for bids this month on the first parts of a $70 million project to reopen the Pend Oreille zinc and lead mine near Metaline Falls, Wash., says Dave Godlewski, an environmental manager for Cominco
Read More
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