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Latest News

—Staff photo by Mike McLean

Senior-living projects wilt, shift

With bad economy, developers cancel one here, postpone another, revise focus on third
January 28, 2010
Mike McLean
Senior-living projects here are faltering or changing direction or timing at least partly due to continuing recession-related uncertainties.In status changes to three of them, plans for a $14 million skilled-nursing center on the South Hill have
Read More
—Staff photo by David Cole

Title insurers weathered housing slump with cutbacks

First-time-buyer credit brought much-needed help to sector last year
January 28, 2010
David Cole
As the housing industry goes, so goes the title insurance industry, and with the big slump in home sales both here and nationally, companies here that provide title insurance have had to weather a difficult storm along with the sector they home to
Read More
—Staff photo by Kim Crompton

Wheatland extends growth run amid industry bleakness

Bank posts solid earnings despite first full year of costs from four added branches
January 28, 2010
Kim Crompton
Wheatland Bank, skirting the turbulent waters that have wreaked havoc with many financial institutions around the country, says it recorded net income of more than $1 million last year, added to its record loan growth of the prior year, and had
Read More

Learning investing lessons from Bernie Madoff scandal

Do your research, heed red flags, and don't put faith in friends, enforcers
January 28, 2010
Financial Planning Association
One of 2009's biggest personal finance stories was the capture of Bernard Madoff, creator of the biggest Ponzi scheme in history. If you read the headlines and told yourself it didn't affect you because you weren't rich enough to be snared by such
Read More

Credit unions scramble to meet new cost

Special assessment to rebuild deposit insurance fund could double in 2010, institutions say
January 28, 2010
Jeanne Gustafson
Credit unions here say they've been finding ways to absorb hefty new assessments last year to help replenish a national deposit insurance fund that was tapped to help out two big institutions in distress. They fear this year's assessments could be
Read More
—Staff photo by Mike McLean

Commercial projects take a hit in credit crunch

Regulators said pressuring banks to cut back on loans for construction projects
January 28, 2010
Mike McLean
Lenders' tightened credit requirements for construction loans, spurred partly by heightened regulatory scrutiny, are keeping viable commercial projects from getting off the ground, some finance and development market observers here say.Kate and
Read More

Small Business Watch: January 28, 2010

January 28, 2010
Adams Tractor adds Stihl product line at East Trent store Adams Tractor Co., located at 1602 E. Trent, in Spokane, is adding Stihl power equipment to its product line and has beefed up its parts and service department to handle Stihl a
Read More

Builders' group offers Web-based bidding program

January 28, 2010
The Spokane Home Builders Association says it has begun offering its members free access to Builder Helper, an Internet-based service that allows general contractors to put project plans online for subcontractors and suppliers to bid on electronic
Read More
—Rendering courtesy of Anthony W. Janson AIA

Born-again biker ministry plans clubhouse in Mead

Soul Patrol's new home will be open to public as bar-scene alternative
January 28, 2010
Mike McLean
Soul Patrol Ministry, a Spokane nonprofit Christian organization made up of motorcycle enthusiasts, says it plans to build a clubhouse in the Mead area.The project site is at 12115 N. Market. The site, which is to be cleared, originally was the
Read More

Real Estate Roundup

January 28, 2010
Mike McLean
Shamus's Sandwich Shop Inc., a new restaurant, has leased 1,200 square feet of foor space at 4212 E. Sprague. Erik Nelson, Carl Guenzel, and Lou Nesser, all of Kiemle & Hagood Co., handled the lease.Auto Trans Experts LLC, of Spokane, a has
Read More
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