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Latest News

—Mike McLean

$500 million-plus in work planned, underway in Spokane area

Sweeping bond wins to give industry a boost
March 12, 2015
Linn Parish
With sweeping wins in school bonds and a mix of big public-works and private-sector projects slated to gear up, the Spokane-area construction industry is expected to see more than $500 million in work continue or get under way in 2015. Much of that work
Read More

West Side title company to enter Spokane market

Ticor plans to open office next month at Rock Pointe
March 12, 2015
Mike McLean
Seattle-based Ticor Title Co. of Washington plans to open a Spokane office next month. Crystal Miller, who will be a commercial sales executive at the office, claims Ticor will be the first new entry in the title insurance market here since before the Gr
Read More

Community development unit invests $3.2 billion

BofA lending in '14 led to 13,000 new housing units
March 12, 2015
Staff Report
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.
Read More

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
Read More

Small Business Watch

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March 12, 2015
Staff Report
—Kim Crompton

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
Read More

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 Index suggests that consumer optimism is rising steadily, as the index reached plus-69 in February, the highest level recorded since 2007.
Read More
—Judith Spitzer

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
Read More

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
Read More

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
Read More
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