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Special Report

JC Wright Lighting owner plans building east of downtown Spokane

Value of project on Third estimated at $1.3 million
April 27, 2017
Mike McLean
The owner of a Spokane lighting sales company plans to develop a $1.3 million, 10,800-square-foot office building east of downtown. Doug Wright, owner JC of Wright Lighting Sales Inc., says he hopes construction will start in May on the two-story JC Wrig
Read More

Inland Northwest Bank parent's acquisition to expand company's footprint

Combined institutions' assets to be $770 million
April 13, 2017
Staff Report
Spokane-based Northwest Bancorporation Inc., the holding company of Inland Northwest Bank, soon will expand the bank's footprint into the Columbia River Gorge and the Portland metropolitan area if all goes as planned, representing a significant geograph
Read More

Fiduciary rule discussion raising expectations

Effect has been beneficial, even if ruling is overturned
April 13, 2017
Rob Blume
Last year, the Department of Labor issued a new ruling requiring that most financial professionals who provide advice on retirement investments must act as fiduciaries, meaning that they are legally and ethically required to act in the best interest of th
Read More
—LeAnn Bjerken

Advisors Mortgage duo embraces team approach

Lenders cite market impact of low inventory, rising rates
April 13, 2017
LeAnn Bjerken
As the Spokane real estate market continues to heat up, lenders here at The Advisors Mortgage Co. say they're preparing for added competition in mortgage loans. 'The current market is definitely a seller's market,” says Blaine Rolstad, branch ma
Read More
—Kevin Blocker

Post acquisition, Merriman Wealth mines for clients in Spokane

Company absorbed former Summit Capital last year
April 13, 2017
Traditionally, journalists haven't been recognized as a financially savvy lot; however, one local financial adviser points to a one-time business columnist for the publication Barron's Magazine as having helped him shape his long-term investment strat
Read More
—Mike McLean

Inland Capital to start its first private equity fund

Private lender hopes to raise $50 million; will launch fund next month
April 13, 2017
Mike McLean
Since its launch in 2008, Inland Capital LLC, a Spokane-based private money lender, has grown its total annual loan volume to $30 million, as of year-end 2016. Now, the company plans to start its first private equity fund this spring with a goal of raisi
Read More

Riding the cycles: Monitor rates, stay diversified

Long-term results moot if you falter in short term
April 13, 2017
Michael Maehl
Currently, we're trading near the all-time highs of the U.S. stock market, while the bond market continues near its all-time lows. This cyclicality aspect of the markets is leading many to conclude that the time may be coming near for them to trade plac
Read More

Wheatland Bank expands its mortgage division

30 percent increase in total staff anticipated this year
April 13, 2017
Mike McLean
Spokane-based Wheatland Bank has expanded its mortgage division downtown. The home loan division, led by Troy Sims, senior vice president and director of residential lending services, has a team of 15, including six residential lenders and support staff,
Read More
—Mike McLean

Douglas, Eden, Phillips, DeRuyter & Stanyer PS law firm keeps to roots despite growth

Succession, estate planning among rising practice areas
March 30, 2017
Mike McLean
Douglas, Eden, Phillips, DeRuyter & Stanyer PS has one of the longer names among Spokane law firms, but some of the members say they don't want the smallish firm to get much bigger. Douglas, Eden, Phillips, DeRuyter & Stanyer has nine lawyers, eight of
Read More
—LeAnn Bjerken

Program creates new type of law professional

License option will widen access to legal services
March 30, 2017
LeAnn Bjerken
Washington state attorneys and educators are working to create a new type of legal professional who can provide counsel without a law degree, with the goal of providing less expensive services to underserved populations. Administered through the Washing
Read More
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