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Latest News

Metropolitan sale tallies $293 million

Spokane company now has held securitization offerings totaling nearly $1.8 billion
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, has raised more than $293 million through a recent offering, called a securitization, that involved the sale of about 3,500 adjustable-rate and fixed-rate mortgage loans.The latest completed by
Read More

Investment group buys downtown buildings

Former House of Charity is to be remodeled; work begins on two structures
February 26, 1997
Linn Parish
A real estate investment group headed by Spokane businessman Joe Harwood recently bought three buildings downtown that either are being remodeled or will be renovated soon.The transactions involve the former House of Charity building, on the of
Read More

Hollister-Stier inks deals to help broaden its scope

Company to filter, package enzyme product and market eye drops for allergies
February 26, 1997
Anita Burke
Hollister-Stier Laboratories LLC, the Spokane-based allergy-products maker, has signed two agreements that result from the companys ongoing efforts to diversify its activities, says Bill Bauernschmidt, Hollister-Stiers vice president of part of
Read More

INHS plans to expand telemedicine network

Northwest TeleHealth to get $2.7 million from Qwest as part of court settlement
February 26, 1997
Lisa Harrell
Northwest TeleHealth, a Spokane-based telemedicine network, will receive a $2.7 million grant from Qwest Communications International Inc. to expand the network further throughout Eastern Washington.Telemedicine enables doctors in one community
Read More

Fairchild AFB proposes big deployment center

Project could be included in 2002 budget, would cost up to $15 million to build
February 26, 1997
Linn Parish
Fairchild Air Force Base is proposing to build a $10 million to $15 million central deployment center on base, and is asking that funding for that project be included in the federal governments fiscal 2002 budget.Lee Paul, chief engineer at a
Read More

Selling bottles of nature

Green Mountain Inc.
February 26, 1997
Lisa Harrell
At the base of Green Mountain, tucked among pine trees between Hauser and Newman lakes northeast of Spokane, lies Green Mountain Inc.s bottling plant.At that about 1,100-square-foot plant, which is located on the homestead of the couple that a
Read More

Grease prices take slide

Low demand for recycled product is the culprit; new fee hits restaurateurs
February 26, 1997
Addy Hatch
Americans, we often hear, are not getting less fat, but theyre certainly getting less for fat than they used to, and thats creating problems for restaurateurs here.The two companies that pick up and recycle restaurant grease in the Inland a
Read More

Statistical merger looks near

Government report lists combined Spokane-Coeur dÂ’Alene area already; data unlikely to change
February 26, 1997
Addy Hatch
Spokane and Coeur dAlene are almost certainly destined to become a combined metropolitan statistical area in the eyes of everyone from the federal government to national retailers, says a report published in August by the U.S. Census would be a a
Read More

Wells, Avista team up again

Project will turn former Rodeway Inn into high-tech office facility downtown
February 26, 1997
Kim Crompton
A limited partnership formed by Spokanes Wells & Co. and Avista Development Inc., also of Spokane, plans to renovate the former Rodeway Inn City Center into a high-tech office building that would be part of whats becoming known as the Terabyte
Read More

Park owners begin work to expand Chimney Rock

Two buildings already are under way, work will begin soon on a third
February 26, 1997
Lisa Harrell
Expansion plans announced three years ago are proceeding at the Chimney Rock Industrial Park, which is located near the intersection of Freya and Trent.Two buildings, one which will include about 28,300 square feet of floor space and another of
Read More
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