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Latest News

Foreclosure numbers dip in Spokane, remain historically high

Housing recovery said to hinge on job growth
January 15, 2015
Mike McLean
Foreclosure actions completed in 2014 in Spokane County fell 19 percent compared with the record number of foreclosures in 2013, but they're still historically high, some housing-market observers here say. The Spokane County Auditor's Office recorded
Read More
—Katie Ross

Plunging fuel prices boost economy somewhat

Lower- to middle-income consumers said benefiting most
January 15, 2015
Katie Ross
As the price of gasoline continues to fall in Spokane and throughout the U.S., consumers here are finding that they have more money to spend on other household needs, and businesses are seeing benefits as well. Some observers suggest, however, that the we
Read More
—Nystrom+Olson

$15 million-plus office complex eyed along Spokane River

Project near U-District to include four buildings
January 15, 2015
Mike McLean
Spokane developer and contractor Eric Brown says he plans to construct a $15 million-plus office complex near the south bank of the Spokane River, on the eastern edge of the University District. The project, tentatively named Spokane River Properties Dev
Read More

Horizon to absorb smaller CU here

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January 13, 2015
Mike McLean
Spokane Valley-based Horizon Credit Union and Spokane-based United Health Services Credit Union, of Spokane, today announced they've agreed to merge, pending regulatory approval. The boards of both credit unions voted unanimously Tuesday to pursue th
Read More

Next IT to move to Valley

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January 9, 2015
Staff Report
Next IT Corp., the Spokane-based natural language software company, says it plans to move later this year into a building that's being constructed in the Pinecroft Business Park, in Spokane Valley. The company, founded in 2002by veteran Spokane entre
Read More

Chicago brokerage acquires Spokane-based Fidelity Associates

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January 8, 2015
Staff Report
Fidelity Associates Financial Services Inc., a Spokane-based insurance and employee-benefits brokerage with roots dating back to 1906, has sold its assets to Chicago-based Hub International Ltd. Hub International didn't disclose the terms of the tran
Read More

Ace Hardware acquires Jensen Distribution

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January 5, 2015
Staff Report
Jensen Distribution Services, a 131-year-old, Spokane-based wholesale hardware distributor, has sold its assets to Oak Brook, Ill.-based cooperative Ace Hardware Corp. Founded in 1883, Jensen Distribution has about $150 million in annual revenue and se
Read More

Small Business Watch

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December 18, 2014
Staff Report

120-unit rental complex set to start on South Hill

Whitewater Creek permitted to begin $16 million project
December 18, 2014
Mike McLean
Hayden-based developer and contractor Whitewater Creek Inc. has obtained permits from Spokane County to begin construction of the first of two $16 million affordable-housing projects it has planned on the South Hill. The 120-unit Summit Ridge Apartments
Read More

Downtown auto service garage buys own building

Mechanic's Pride's move due to big Lexus project
December 18, 2014
Mike McLean
Mechanic's Pride Tire & Automotive Inc., a Spokane-based auto service business, has bought a 13,600-square-foot, single-story building at the northeast corner of Second Avenue and Jefferson Street and plans to move there from its longtime flagship locat
Read More
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