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Latest News

One-woman business books $30 million a year in loans

‘Niche lender’ stabilizes financial difficulties with bridge, other loans
February 26, 1997
Rocky Wilson
A 6-year-old Millwood business called Commercial Lending Northwest Inc., which is owned and staffed by just one person, books an average of $30 million a year in loans. The company, which often serves businesses that are struggling to repay has
Read More

Check 21 debuts quietly for institutions here

Bankers foresee gradual phase-in of law allowing electronic check exchange
February 26, 1997
Kim Crompton
A sweeping and somewhat controversial new banking law, dubbed Check 21, thats intended to speed up check processing and reduce processing costs became effective three months ago, but has caused nary a stir here yet.Spokane-area financial
Read More

Assisted-living facility under way in Idaho

Hayden complex to cost $3.5 million, eventually to employ 40 people
February 26, 1997
Marc Stewart
A North Idaho company recently started work on the first phase of a planned assisted-living facility in Hayden, Idaho, called Wellspring Meadows.The first phase will include one of four buildings that each will house 15 residents, says Jim who
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Nursing homes in state face financial challenge

Medicaid payments fall short of elderly care costs by $100 million in 2003
February 26, 1997
Rocky Wilson
Washington state reimbursed nursing homes $100 million less than what it cost them in 2003 to care for elderly Medicaid patients, who account for more than two-thirds of their residents, the nursing home industry claims.By reimbursing nursing a
Read More

Riverview plans $10 million expansion project

As many as 50 duplex units would be built on two blocks adjacent to current campus
February 26, 1997
Linn Parish
Riverview Retirement Community, of Spokane, is planning a $10 million expansion of its campus in East Spokane.Design work is under way on an independent-living complex there that will include between 20 and 25 duplex buildings, with a total of
Read More

From mom and pop store to appliance powerhouse

FredÂ’s ApplianceÂ’s revenues were $16.5 million last year; two Valley locations planned
February 26, 1997
Marc Stewart
John Amistoso understands that when it comes to the appliance business, its better to be the hunter than the hunted.The owner of Freds Appliance Inc., who also is an avid big-game hunter, has transformed a mom and pop operation into a that
Read More

Thor-Freya couplet set for spring

Spokane Rock submits $3.4 million low bid, well below original estimate
February 26, 1997
Rocky Wilson
Spokane Rock Products Inc. has submitted the low bid for what is now a $3.4 million project to convert a busy, eight-block stretch of Freya and Thor streets on either side of Interstate 90 into a one-way couplet. Work on the project is expected
Read More

Spokane will attempt to land Airbus plant

Aircraft giant requests facts about potential sites for $600 million facility
February 26, 1997
Richard Ripley
The Spokane Area Economic Development Council is working to respond to a request from Airbus North American affiliate for information about communities that could be potential sites for a $600 million U.S. aircraft manufacturing plant.The for
Read More

Post Street pedestrian bridge ideas emerge

Possible kiosks, market mulled; work on project likely to start in early Â’05
February 26, 1997
Kim Crompton
Ideas are beginning to emerge for the Post Street pedestrian bridge project thats slated to get under way as soon as the Monroe Street Bridge reconstruction is completed, and one of them calls for retail kiosks or a farmers market or public the
Read More

Gregg Jones plans move this summer

Mother-daughter team buys old funeral home building, plans extensive renovation
February 26, 1997
Linn Parish
The mother-daughter team that owns Exit Real Estate Gregg Jones & Associates has bought an old funeral home building near downtown Spokane and plans to remodel the structure into a new home for the longtime real estate brokerage.The team, Gregg
Read More
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