Latest News

Community development unit invests $3.2 billion

BofA lending in '14 led to 13,000 new housing units

March 12, 2015

Charlotte, N.C.-based Bank of America Merrill Lynch Community Development Banking says it provided more than $3.2 billion in loans, tax credit equity investments, and other real estate development financial tools to more than 550 clients last year.

Cornerstone brokerage joins national network

Sperry Van Ness has 190 affiliates throughout U.S.

March 12, 2015

Mike McLean

Cornerstone Property Advisors LLC, a longtime Spokane commercial real estate brokerage, now is affiliated with a national commercial real estate network and is operating under the name Sperry Van Ness Cornerstone. Guy Byrd, broker at Sperry Van Ness Corn

Small Business Watch

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March 12, 2015

Staff Report

Boosting IRA gains by diversifying into real estate

Financial planner says it offers attractive benefits

March 12, 2015

Kim Crompton

Using a Roth individual retirement account to invest in real estate is a little-known strategy that can provide interesting diversification and attractive benefits for certain investors looking to try something different, says David L. Baker, a longtime f

Investor optimism surged early this year, poll shows

Most respondents realized savings from fuel cost drop

March 12, 2015

Staff Report

The Wells Fargo/Gallup Investor and Retirement Optimism IndexÂ suggests that consumer optimism is rising steadily, as the index reached plus-69 in February, the highest level recorded since 2007.

INWCF keeps momentum with asset, fund growth

2006 strategic plan placed organization on its path

March 12, 2015

Judith Spitzer

Inland Northwest Community Foundation, the Spokane-based nonprofit that manages assets for charitable organizations and donors, has seen extraordinary growth during the past few years, says Mark Hurtubise, the organization's president and CEO. He attrib

Transportation bill passage is essential

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March 12, 2015

Staff Report

It's encouraging to see the Washington state Senate muster the political will to pass a transportation funding bill after failing to do so last year. Now, the state House of Representatives and Gov. Jay Inslee must find a way to reconcile any difference

The expensive misconception about bond safety

Rising interest rates could lead to a decline in values

March 12, 2015

Michael Maehl

For more than a generation, when considering what to do with their investments, one of the primary beliefs of investors has been that bonds are safe, that the risk of losing your investment in owning them-whether individually or within fund portfolios o

STA trolley proposal doesn't track

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March 12, 2015

Chris Cargill

For years, lovable TV host Mr. Rogers would invite children to jump on board the trolley and go into the 'land of make believe.' The low-tech studio prop wasn't six miles long and it didn't cost taxpayers $72 million, but it was a journey full of

Palouse Capital Management adds to its â€œTop Gunsâ€ list of honors

Firms Capital strategy cited for '14 performance

March 12, 2015

Staff Report

Palouse Capital Management Inc., of Spokane, says its Large Cap Value Strategy has earned recognition as a top performer in the PSN Top Guns list for the full 2014 calendar year, after having garnered similar kudos for its performance in the third quarter