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Latest News

Farm Credit Services posts sizable gain in net income

Lender earns $39 million in quarter; loans soar 21.4 percent year to date
November 20, 2008
Richard Ripley
Northwest Farm Credit Services, of Spokane, has reported third-quarter net income of $39 million, up from $28.4 million in the year-earlier quarter.The federally chartered ag-lending cooperative says its earnings through the first nine months up
Read More

Guilds' School mulls erecting larger facility, eyes locations

Structure could cost $10 million; funding is uncertain
November 20, 2008
David Cole
The Spokane Guilds' School & Neuromuscular Center is exploring building a much larger facility that would enable it to serve more children and families, says executive director Dick Boysen. The school is badly crowded now, he says."It's pretty
Read More
—Staff photo by Ben Rascoff

High-tech scans for Rover

November 20, 2008
Ben Rascoff
Just like their bipedal human counterparts, dogs and other four-legged pets are subject to accidents and infections that can rob them of their personality, leave them feeling sick, and lead to premature death.Jeff Siems, a doctor of veterinary of
Read More

Former Sylvan warehouse will be retail space

Duo to spend $1.9 million on acquisition, renovation for commercial tenants
November 20, 2008
Ben Rascoff
A Spokane insurance agent and her daughter are buying a roughly 30,000-square-foot building at 116 W. Pacific that formerly served as a warehouse for the now defunct Sylvan Furniture Co. and plan to renovate it for commercial tenants.The Robi to
Read More
—Rendering courtesy of Steven P. Elkins Architects Inc.

New hotel planned near Airway Heights

November 20, 2008
Mike McLean
A Seattle-area developer says he plans to start a hotel project northwest of Spokane International Airport before the end of the year.The developer, Surinder Khela, says he will develop a 79-unit La Quinta Inn & Suites south of U.S. 2, at the of
Read More

Pact signed on land at Riverpoint

Denver developer leases old Jensen-Byrd parcel, others, plans building
November 20, 2008
Mike McLean
Washington State University has reached a preliminary agreement with Denver-based developer NexCore Group LP for development of 3.5 acres of land that include the former Jensen-Byrd warehouse building and three other parcels in the Riverpoint east
Read More

Key Tronic's new clients create buffer

Contract manufacturer says diversification push starts to pay dividends
November 20, 2008
Kim Crompton
Key Tronic Corp., the Spokane Valley-based contract manufacturer, expects its revenue this quarter to be lower than projected earlier, but company executives say the forecast could have been much gloomier if not for the addition of 18 new customers
Read More

Avista sees eventual IPO at subsidiary

Advantage IQ's board undergoes revamping to prepare for future
November 20, 2008
Richard Ripley
Executives at Avista Corp. and its Advantage IQ subsidiary long have talked about taking Advantage IQ public or exploring other ways for Avista to capitalize on its investment in the subsidiary. Now, they're getting more serious about it."We to
Read More
—Staff photo by Paul Read

ISM shifts focus to infrastructure

Health-research group's new plan won't be nearly as expensive
November 20, 2008
Paul Read
The Institute for Systems Medicine, a Spokane effort that had hoped to raise $100 million or more to attract world-class scientists here, has refocused itself on building the infrastructure it believes Spokane needs to be a player in basic That a
Read More
—Staff photo by Kim Crompton

AmericanWest scraps acquirer role

Amid losses, bank seeks to shed costs, raise capital
November 20, 2008
Kim Crompton
AmericanWest Bancorp says it expects to reduce its overall work force by up to 10 percent and to secure private equity funding, regardless of any federal bailout money it might receive, as part of a broad effort to stem losses and get back on says
Read More
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