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Latest News

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

District 81 initiates technology spending

Nearly $11 million in work has been awarded; district to spend $26.6 million total
February 26, 1997
Chad Cain
Spokane School District 81 has begun spending part of about $26.6 million it has earmarked for a complete technology upgrade at all of its schools. The first wave of spendingfrom which several Spokane businesses will benefitincludes $14.3 of
Read More

After a scare, RAHCO ships order to Pakistan

Spokane company thought geopolitics might halt sale of $2 million in equipment
February 26, 1997
Paul Read
When Pakistani officials flexed their military muscles in late May by detonating several nuclear devices in underground tests, the shock waves resonated all the way to Spokane, where RAHCO International was preparing to ship $2 million worth of to
Read More

Too much room at the inns?

Hotel, tourism executives say lodging is overbuilt here, but they remain optimistic
February 26, 1997
Marlene Mehlhaff
By the end of this year, Spokane County is expected to have 5,800 hotel roomsabout double the number it had 10 years agobut room receipts arent growing as rapidly as rooms are being added, and occupancy rates are down. Put simply, the here
Read More
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