Latest News

Work starts on apartment project worth $28.6 million

Plans for Valley complex show total of 256 units in Shelley Lake vicinity
Mike McLean
Harlan Douglass, a prominent Spokane developer, has started site work on a $28.6 million apartment complex north of Shelley Lake, in Spokane Valley, says Carolbelle Branch, a spokeswoman for the city.Douglass couldn't be reached for comment, is
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Appraising a new path

Kim Frlan
Scot Auble says he doesn't like to do things unless he's 100 percent committed to them. For years, he gave all his energy to building Auble, Jolicoeur & Gentry, a real estate appraisal firm started here by his father in 1985. But after years of a I
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Dollar Stores here being liquidated, to close

Hilco Merchant Resources buys assets of chain run by Liquidation Outlet
Kim Frlan
Five Dollar Store outlets in the Spokane area are among a chain of 37 outlets in the Northwest that are being liquidated this month after an Illinois-based company bought the chain's assets and inventory in U.S. Bankruptcy Court. Dollar Store's
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Lighting maker hit with $1 million judgment

Arbitration panel award stems from damage done at Spokane Business & Industrial Park
Kim Crompton
An arbitration panel here awarded $1 million to the owner of the Spokane Business & Industrial Park for damages it claims the Columbia Lighting division of Orange, Conn.-based Hubbell Lighting Inc. caused or failed to fix when it left the park a a
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Craft chain to occupy Joe's space

Hobby Lobby Stores Inc. to take 52,000 square feet, expects to open in August
Jeanne Gustafson
Hobby Lobby Stores Inc., a national craft supply retailer, has leased a 52,000-square-foot space west of the Spokane Valley Mall formerly occupied by now-defunct Joe's Sports, Outdoor & More.Carl Guenzel, a real estate agent with Kiemle & Hagood
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—Staff photo by Mike McKlean

McKinstry plans big project here

$10 million restoration of old railroad building to provide new quarters
Mike McLean
Seattle-based mechanical and energy-efficiency contractor McKinstry Co. has bought the former Great Northern building just west of Hamilton Street on the north bank of the Spokane River and plans to invest $10 million in improvements there, says to
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—Photo courtesy of Megan Owens

Litehouse sets sail for growth

Sandpoint company eyes rapid expansion of territory, adds lemonade, tea, cheese
Jeanne Gustafson
Litehouse Foods Inc. is on an aggressive growth path, says Jim Frank, the longtime Sandpoint-based salad dressing maker's president. Within five years, the company aims to increase its sales by about 78 percent, and hopes eventually to be one of
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—Rendering courtesy of Sherry Pratt Van Voorhis PS

Building up the U-District

Projects on tap could total more than $130 million
Mike McLean
Several construction projects with a combined value exceeding $130 million are in various stages of planning in the University District east of downtown, and schedules for them are expected to overlap during the next two or three years.The first
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—Staff photo by Kim Crompton

Banks' property headaches grow

Foreclosures create added tasks for reluctant financiers
Kim Crompton
Financial institutions here, like their counterparts nationally, are being forced to deal increasingly with the myriad costs and management responsibilities of property ownership as they've had to foreclose on more commercial and residential real a
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Income investors now face hurdles as economy reboots

Those chasing yield likely to find risk factors galore in bond or stock choices
Personal Investing
The search for high yields presents a quandary for income investors.If interest rates rise in the future, the value of high-yield, longer-term bonds bought now will decline. But if a high-dividend-paying stock is chosen, the investor needs to be
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