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Latest News

Foreclosure rise eased last year

Number inched up slightly in Spokane County, headed down in Kootenai County
February 26, 1997
Megan Cooley
The number of foreclosure actions in Spokane County rose 1 percent in 2002 to 1,153, but economic observers say the small increase is a sign of stabilization after eight years of substantial increases.Full-year figures werent available for in
Read More

Office structure eyed just west of downtown

$1.1 million project is to move forward after half of space is leased
February 26, 1997
Linn Parish
Schmidt Development LLC, of Spokane, has proposed building a $1.1 million office building on the periphery of downtown Spokane.As envisioned, the two-story, 10,000-square-foot building would be constructed on a vacant site at 1807 W. Fifth, is
Read More

Harpers plant now operates as flexcel

Post Falls manufacturer could pick up work from other Kimball units
February 26, 1997
Addy Hatch
Harpers Manufacturing, the big office-furniture maker in Post Falls, has changed its name to flexcel-Post Falls and could take on work previously done at other plants owned by its parent company, Kimball International Inc.Kimball, a based in to
Read More

Potlatch separates tissue, paperboard operations

Company also reroutes Pacific Rim shipments due to snafus in Portland
February 26, 1997
Addy Hatch
Spokane-based Potlatch Corp. has split its consumer products and paperboard division into two operations in a move that the forest-products company says reflects the vitality of its consumer-products business.Potlatchs consumer-products makes
Read More

Met posts $3.9 million in fiscal-year earnings

Spokane companyÂ’s gain reflects sharp turnaround after losses last two years
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Inc., the big Spokane-based financial-services company, has reported net income of $3.9 million for its 2002 fiscal year ended Sept. 30, which marks a significant rebound after enduring two years of losses about a
Read More

Skipping is cool at this school

DeborahÂ’s Jump Rope Academy
February 26, 1997
Linn Parish
In a manner of speaking, Spokanes Deborah Wittwer sidestepped her way into business. For many years, Wittwer coached a competitive jump-rope team here called Side Steps, which grew through the late 1980s and 1990s, competing in a national on
Read More

Empire foresees recovery

Spokane hospital operator expects to be in the black this year after tough 2002
February 26, 1997
Linn Parish
For Empire Health Services CEO Tom White, the best thing about 2003 is that its not 2002.Last year, the nonprofit parent of Deaconess Medical Center and Valley Hospital & Medical Center suffered a net loss of about $18 million, eliminated its
Read More

Road builders face rough path

With DOT jobs declining, contractors look elsewhere for more highway work
February 26, 1997
Linn Parish
Spokane-area highway construction companies face a rough road ahead due to an expected precipitous drop in Washington state Department of Transportation-funded roadwork.Also, some planned projects within the new city of Spokane Valley could be
Read More

Home insurance in turmoil

Use of database in underwriting sparks complaints after rejections
February 26, 1997
Addy Hatch
Homeowners insurance used to be a no-brainer: You bought a house, you called an agent, you got insurance. Now, after suffering what one insurer in the state calls an unprecedented convergence of negative trends, the homeowners insurance is
Read More

The 2002 business year in review

For a complete recap, see our print version
February 26, 1997
Paul Read
In some respects, 2002 has been an extension of 2001, rife with bad economic news and uncertainty about the future. Still, the layoffs slowed, and there were substantive signs that Spokanes economy could improve in the coming year. New set up
Read More
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