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Latest News

Paulsen Center being sold

Historic high-rise would be Joel DiamondÂ’s second recent downtown purchase here
February 26, 1997
Kim Crompton
Joel Diamond, chairman and CEO of Seattle-based Diamond Parking Inc., which has substantial real estate holdings here, is buying the historic Paulsen Center downtown from Joe and Mary Dinnison.The transaction, which is expected to close by Nov.
Read More

SESCO buys assets of Pasco company

AE UtilitiesÂ’ 10 employees to join Spokane companyÂ’s growing PowerCom division
February 26, 1997
Lisa Harrell
Spokane Electrical Services Co. (SESCO), of Spokane, has bought the assets of AE Utilities, of Pasco, Wash., and melded those assets with those of its Spokane-based PowerCom division, which installs copper and fiber-optic wiring for data and voice
Read More

Kaiser takes cautious view on market buildup

Other aluminum projects in the region have raised speculation about rebound
February 26, 1997
Kim Crompton
Kaiser Aluminum & Chemical Corp., one of the Spokane areas largest employers, is taking a cautionary attitude toward reports that aluminum-industry activity appears to be rebounding in the Pacific Northwest.Kaisers two facilities here, the a
Read More

Portland company buys Christian Gift Center

Sale includes five stores; buyer plans another outlet; affiliate to purchase KTSL
February 26, 1997
Sandra Hosking
Christian Supply Centers Inc., a Portland, Ore.-based company that operates a chain of inspirational retail stores, has bought Christian Resources Inc., which had operated five Christian Gift Center outlets here and in Coeur dAlene.Also, Inc.,
Read More

Expansion under way at Airway Heights park

Barrier Industries erects three buildings in facility, plans three more soon
February 26, 1997
Chad Cain
Barrier Industries Inc., of Spokane, says it has begun constructing three buildings at its 80-acre industrial park in Airway Heights, and plans to build three more structures there later this year.The park, which is located in southwest Airway a
Read More

Metropolitan Mortgage posts record net income

Figure nears $10 million after increasing dramatically over the last five years
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, has reported net income of $9.7 million for its most recent fiscal year, which is up from about $8 million in the previous year and nearly two-and-a-half times higher than it was five years its a
Read More

Auto chain may buy Camp here

Oregon auto-dealer chain already has 24 dealerships in three Western states
February 26, 1997
Marlene Mehlhaff
Publicly traded Lithia Motors Inc., of Medford, Ore., which owns and operates 24 auto dealerships in three states, has approached Camp Automotive Inc., of Spokane, about buying the Camp dealership.Phil Camp, president of Camp Automotive, says in
Read More

Executive pay pushes higher

Salaries and bonuses here grew 7.3 percent in latest fiscal year
February 26, 1997
Paul Read
Copyright 1998 by Journal of BusinessDespite some sizable pay cuts at Spokanes two largest corporations, executives of publicly traded concerns here on average enjoyed handsome raises during their employers most recent fiscal year, according
Read More

Growth spurs medical surge

Third medical complex set in Liberty Lake; St. LukeÂ’s, Valley Hospital eye market
February 26, 1997
Lisa Harrell
Steady growth in residential development is keeping the blood pumping in the Liberty Lake areas local economy, but now it needs medical attention, say some Spokane-area developers and hospital administrators.Business still is doing fine in but
Read More

Max Spalding buys surplus Boeing land

Auto-parts business owner says he’ll develop ‘spec’ buildings on part of property
February 26, 1997
Kim Crompton
Max Spalding, owner of Spalding Auto Parts Inc. in the Spokane Valley, has bought more than 70 acres of surplus land from Boeing Co. behind Boeings West Plains fabricating plant.Spalding says he plans to develop some speculative buildings on 2
Read More
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