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Latest News

Requests soar for foreclosure counseling

Spokane-based nonprofit SNAP says its program saves owners of 97 homes here from forfeiture
June 3, 2010
Mike McLean
Spokane Neighborhood Action Partners, a nonprofit human services agency here, says its housing counseling programsaved the owners of 97 homes in Spokane County from foreclosure last year, and it's working with a growing number of clients this year
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Bank profits in first quarter triple year ago

$18 billion aggregate earnings, though, were still well below historical norms, FDIC says
June 3, 2010
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported a first-quarter aggregate profit of $18 billion, a $12.5 billion improvement from the $5.6 billion the industry earned in the first quarter of 2009, a
Read More
—Staff photo by Mike McLean

Locking down loan terms

June 3, 2010
Mike McLean
New mortgage lending rules that require loan originators to disclose key loan terms and closing costs offer needed consumer protection, but also have slowed down the loan-approval process, some lenders here say.The rules that went into effect a
Read More

Otter recruiting effort misguided

June 3, 2010
Editor's Notebook
Idaho Gov. Butch Otter is at it again. Last week, he launched a Web site to lure businesses from states that he says have raised their taxes. Earlier, he had sent out personal letters to business owners conveying the same message.Otter, who made
Read More

Small Business Watch

June 3, 2010
Lalo's Pizza moves from South Perry to South Grand Brett and Teresa Wyatt have opened a Lalo's Pizza & Calzone outlet, at 909 S. Grand, on Spokane's South Hill, and have phased out their eatery of the same name inside the Hico Market,
Read More

Kroc center mulls parking structure

Membership far exceeds expectations at year-old fitness and activity hub
June 3, 2010
Mike McLean
The Salvation Army Coeur d'Alene Ray & Joan Kroc Community Center opened barely a year ago, but its director already is proposing a parking expansion to handle membership growth that has exceeded expectations by a huge margin.The director, Maj.
Read More

Goebel doing tenant work for Nordstrom Rack

City of Spokane Valley lists value of $1.2 million for work near Valley Mall
June 3, 2010
Jeanne Gustafson
Robert B. Goebel General Contractor Inc., of Spokane, has begun working on tenant improvements at the new location of a Nordstrom Rack store at the Spokane Valley Plaza, at 14108 E. Indiana, just west of the Spokane Valley Mall.General Growth of
Read More

Kendall Yards townhouse sales get off to strong start

Second round of home sales, construction set to launch this summer
June 3, 2010
Mike McLean
Ten of the first 18 homes planned or under construction in the long anticipated Kendall Yards urban community have been sold, says Liberty Lake-based developer Greenstone Corp., which now owns the 78-acre site. It says it plans to start selling 18
Read More

Integra Telecom expands its presence in Spokane market

Company opens location in city, to double staff here within next nine months
June 3, 2010
Kim Frlan
Integra Telecom Inc., a Portland, Ore.-based telecommunications provider that has had a location in Spokane Valley for four years, has opened a Spokane office, has boosted its staff here greatly, and now plans to double that work force.The which
Read More

INB's owner is offering share rights to current stockholders

Northwest Bancorporation seeks to raise $4 million for capital, opportunities
June 3, 2010
Richard Ripley
Northwest Bancorporation Inc., of Spokane, is offering its shareholders rights to buy additional shares of the company's common stock in an offering that it hopes will raise $4 million.The bank-holding company, which owns Inland Northwest Bank,
Read More
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