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Home » Authors » Mike McLean

Articles by Mike McLean

C&I lending in Spokane begins to rebound

Business customers look to growth in inventory, billings to back financing
January 31, 2013
Mike McLean
As the economy tentatively improves and businesses begin to increase sales and rebuild inventory, commercial-and-industrial lending also is on the rise, some lenders here say.Spokane-based Sterling Bank and the Spokane operations of U.S. Bank, a
Read More

Cheney hardware shop eyes summer move to bigger site

Jarms TrueValue hopes to sell, lease current space, move to old Ben Franklin
January 31, 2013
Mike McLean
Owner Tom Jarms says he plans to move his Jarms TrueValue Hardware store in Cheney to a larger location there this summer if he can sell or lease the building the store current occupies.The longtime hardware store would relocate roughly two to 6
Read More

St. Luke's Rehabilitation Hospital starts $7.7 million upgrade

Improvements expected to reduce energy usage by almost 40 percent
January 31, 2013
Mike McLean
St. Luke's Rehabilitation Institute has launched a $7.7 million energy-services and utility-upgrade project that's expected to reduce energy consumption at its main campus by almost 40 percent, says Randy Sharshan, director of facilities and safety
Read More

Rudeen Development starts Coeur d'Alene apartment project

Rudeen Development's new construction project valued at $7.7 million
January 31, 2013
Mike McLean
The city of Coeur d'Alene has issued building permits for a $7.7 million second phase of construction at an apartment complex north of Seltice Way, on the west edge of the city.The project owner, Riverview Ventures II LLC, has started on six of
Read More
-Photo courtesy of TransluSense LLC

Sandpoint startup TransluSense shines at CES with glass keyboard

Glass keyboard maker expects to hire up to 130 employees
January 31, 2013
Mike McLean
Sandpoint startup TransluSense LLC enjoyed a "ridiculously successful" product debut with its glass keyboard devices earlier this month at the big International Consumer Electronics Show, in Las Vegas, says company executive David which already had
Read More

Spalding concern acquires former furniture store site

New owner envisions ground floor retail space, upper-level living units
January 17, 2013
Mike McLean
Richmond & Bickett LLC, a development company headed by Spokane artist and commercial property owner Dan Spalding, has bought for $400,000 two downtown buildings that had been occupied by furniture stores for more than 75 years.The structures, a
Read More

Nonprofit here set to begin two senior housing projects

Values total $10 million for construction at Valley, lower South Hill locations
January 17, 2013
Mike McLean
Spokane-based Community Frameworks expects to start construction by spring on two low-income senior housing projects with a total value of $10 million, says Chris Venne, the nonprofit's finance director.One project will be the $4 million, Park a
Read More

Kootenai County impact fees sent back to drawing board

Commissioner Green cites 'problematic' collections for smaller jurisdictions
January 17, 2013
Mike McLean
Less than a year after approving development impact fees, Kootenai County commissioners have suspended them for up to 18 months, during which time they hope either to come up with a better system to collect the fees or to repeal them the fees were
Read More
—Staff photo by Mike McLean

Title company Turnaround

Increasing real estate sales, some new construction contributing to rebound
January 17, 2013
Mike McLean
Title companies expect to see continued business growth in the Spokane-Coeur d'Alene area on the heels of a turnaround year that followed a protracted market decline, sources here say.Anthony Carollo, president of Stewart Title of Spokane Inc.,
Read More

Freeborn Tool plans move to east-central Spokane

Woodworking industry supplier says building provides growing room
January 17, 2013
Mike McLean
Freeborn Tool Co., of Spokane, a longtime maker of cutting tools for woodworking applications, will move to a larger facility next month, says Michael Foster, co-owner of the company.Foster recently formed Mikafo Properties LLC, which bought for
Read More
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