Latest News

Credit unions said bouncing back from losses in lending

Local execs say the 20 here all are doing well, despite a closure last year

January 27, 2011

Despite the mandated closure of The Union Credit Union here last fall, which was the first credit union failure in 15 years in Washington state, industry executives here and state regulators say the 20 credit unions continuing to operate in the are

Avista's Scott Morris appointed to Seattle Federal Reserve board

January 27, 2011

The Federal Reserve Bank of San Francisco has appointed Avista Corp. Chairman, President, and CEO Scott L. Morris to its Seattle branch board of directors. The three-year term started Jan. 1. An employee of Spokane-based Avista since 1981 and

M&A outlook for Spokane area looks positive for 2011

Despite shaky economy, resurgence in activity is expected here, nationally

January 27, 2011

Christian Schiller

My latest trip to Spokane in December was enlightening. I tried to get together with a couple of deal attorney friends, but they were too busy.One was working on closing a handful of transactions, a sharp contrast to his slow December of 2009. a

SBA lending activity skyrockets here

Infusion of federal stimulus money, expansion of eligibility requirements lead to surge to start fiscal year '11

January 27, 2011

Linn Parish

The U.S. Small Business Administration's lending program started strong here in the fiscal year that began in October, with an 81 percent jump in loan volume in the first quarter, compared with the year-earlier period. That increase occurred of

Construction loan cautious

Banks ask project owners to put up more funding, secure higher occupancy

January 27, 2011

Mike McLean

Banks have money to lend for commercial projects, but tough loan requirements are making it harder for developers and project owners to get them off the ground, finance and development market insiders here say.The lending environment is much it

Real Estate Roundup

January 27, 2011

Mike McLean

Nick Valestrino, of Coeur d'Alene, has bought a 1-acre parcel of commercial land at 10812 N. Government, Way, in Hayden, Idaho, as an investment. Craig Hunter and Rob Kannapien, both of Coldwell Banker Schneidmiller Commercial Realty, handled the

Homebuilder franchise here changes corporate affiliation

Lexar Homes replaces HiLine concern in Valley, retains its staff, suppliers

January 27, 2011

Mike McLean

All His Homes LLC, a Spokane Valley homebuilder, has changed its franchise affiliation and now does business as Lexar Homes of Spokane.The company continues to work with the same staff, suppliers, and subcontractors, says Bob Oliver, who co-owns

Small Business Watch

January 27, 2011

Indoor-gardening supply retailer opens store in Deer Park The Grow Center, which sells indoor-gardening supplies and hydroponics equipment at 2808 E. Sprague, in Spokane, has opened a second location, at 615 S. Fir in Deer gardening a

Spokane Valley awards bid to study bike, walking routes

City to apply findings from consultant's study to make its non-auto routes safer

January 27, 2011

Chey Scott

As part of an effort to develop travel routes for bicyclists and pedestrians, and improve the safety of those already in place, the city of Spokane Valley has awarded an about $50,000 contract to the Portland, Ore., office of DKS & Associates, an a

Demand Energy becomes Meadowwood's first tenant

Liberty Lake startup takes 7,000 square feet of space in former Agilent complex

January 27, 2011

Linn Parish

Demand Energy Networks, a Liberty Lake startup that makes energy-storage technology and related devices, has moved its operations into a portion of the sprawling former Agilent Technologies Inc. complex, now called Meadowwood Technology Energy is