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Home » Authors » Mike McLean

Articles by Mike McLean

Clinic plans to erect Liberty Lake medical office

Pediatric practice will move satellite operation to $1.3 million structure
March 11, 2010
Mike McLean
Valley Young People's Clinic PS, a Spokane Valley-based medical practice that specializes in pediatric care, plans to build a $1.3 million medical office building in Liberty Lake.Georgette Wendt, the practice's administrator, says the clinic to
Read More

Insurance co-op plans West Plains project

Enduris says $3.2 million Technology Park structure to be completed in May 2011
March 11, 2010
Mike McLean
Spokane-based Enduris Washington, a government cooperative that buys insurance and manages claims on behalf of member agencies, says it plans to develop a $3.2 million office building on the West Plains here.The single-story, 20,000-square-foot
Read More
—Staff photo by Mike McLean

Apartment vacancy rate climbs

Recession, job losses force some tenants out
March 11, 2010
Mike McLean
The recession and job losses have contributed to a steep rise in apartment vacancies here recently, ending an extended period of high occupancy rates, industry observers say.Other related factors contributing to the near doubling of the vacancy
Read More

Real Estate Roundup

February 25, 2010
Mike McLean
Akron, Ohio-based Associated Materials LLC, a building-materials supplier doing business here as Alside Supply Center, has leased 19,800 square feet of industrial space at 3420 E. Desmet, in the Chimney Rock Industrial Park, and plans to move its
Read More

Mortgage company to move to larger quarters in Valley

Cherry Creek says space leased in Worthy building has room for more staff
February 25, 2010
Mike McLean
Cherry Creek Mortgage Co. has leased 4,000 square feet of office space on the ground floor of the Riverview Corporate Center, at 162201 E. Indiana, in Spokane Valley, and plans to move its Spokane-area branch office there this spring, says Marco at
Read More

Horizon's 2009 net falls; loans, deposits, assets rise

Valley-based credit union tripled its loss provision, paid big insurance fund fee
February 25, 2010
Mike McLean
Spokane Valley-based Horizon Credit Union reported a 64 percent drop in net income for 2009, but posted gains in deposits, loans, and total assets during the year.Horizon reported 2009 net income of just over $1.3 million, down from $3.6 million
Read More

Global posts loss for 2009, boosts loan-loss provision

$2.4 million assessment for insurance program capped 'challenging year'
February 25, 2010
Mike McLean
Spokane-based Global Credit Union posted a net loss of $1.1 million for 2009, compared with a loss of $3.5 million in 2008. Though it pared its losses substantially, the credit union's loans, deposits, and assets all declined.The credit union's
Read More
—Staff photo by Mike McLean

Mortgage insurance rules tighten; borrowers go FHA

Stricter criteria on conventional loans are one driver of shift
February 25, 2010
Mike McLean
With lending criteria and mortgage-insurance premium rules tighter now for conventional loans, home buyers increasingly are turning to federally-backed mortgages, for which rules are less strict, lenders here say.Meanwhile, declining property a
Read More

Plastic parts maker adds to Cd'A plant

Accurate Molded Plastics says $665,000 addition will alleviate crowding
February 25, 2010
Mike McLean
Accurate Molded Plastics Inc., of Coeur d'Alene, is erecting a 20,000-square-foot addition at its manufacturing plant there, says Scott Gabbert, the company's general manager.The company currently occupies about 35,000 square feet of floor space
Read More
—Staff photo by Mike McLean

Making the write turn

February 25, 2010
Mike McLean
John Ferrell and Joe Wing started "turning," or making components for, pens as a hobby. Now, as business partners, they're hoping to turn a profit.Ferrell and Wing opened JJ's Pen Place LLC this year in the Eagle Plaza, at 14415 E. Sprague, they
Read More
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