Total deposits in financial institutions in Spokane County dropped 2.8 percent in the year ended June 30, 1997, newly released figures show, but the decrease probably doesnt reflect on Spokanes economic climate, says a Spokane bank in the as of

A $4.5 million rehabilitation project is now under way at the historic Schade Brewery building east of downtown, and the buildings owner says he has landed a tenant that plans to occupy between 15,000 and 20,000 square feet of space on the main a

H.F. Enterprises, a Spangle, Wash. family trust, plans to develop a $3.1 million, three-story speculative office building in the Argonne-Mullan corridor in the Spokane Valley.The planned 55,700-square-foot structure would be located on a site of

Spokane Teachers Credit Union, one of Spokanes biggest credit unions, has bought a two-building office complex on 11.3 acres in the MeadowWood Business Park at Liberty Lake from Spokanes Egghead.com Inc., and plans to move about 85 employees of

The Spokane Intercollegiate Research and Technology Institute (SIRTI) will embark on a new life starting July 1, when it becomes a separate state agency.The move is expected to boost the institutes profile, allow it to garner more money from a

Telect Inc., the big Liberty Lake maker of telecommunications equipment, is taking what company officials believe are the first steps in building a new foreign subsidiary that would produce and sell products for the companys growing customer in a

Spokanes four major entertainment and meeting facilities had their best year ever financially in 1997, bolstered by record combined revenue of more than $2.35 million, according to a year-end report released recently.The Opera House, Center, a

Spokane-based WTB Financial Corp. posted record net income of $15.6 million for 1997, up 6.9 percent from 1996.The financial services holding company, the parent of Washington Trust Bank, of Spokane, also reported solid gains in assets, loans, a

Rite Aid Corp., the Camp Hill, Pa.-based drug-store chain, is having a store constructed at the northwest corner of Sprague Avenue and Sullivan Road in the Spokane Valley and plans to open one of its drug stores there in August.The planned store

Ponderay Newsprint Co., which owns the big paper mill at Usk, Wash., about 60 miles north of Spokane, could have a new managing partner by this summer.Avenor Inc., the Montreal-based current managing partner and 40 percent owner of the plant, a