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Home » Authors » Mike McLean
Mike McLean

Mike McLean

Deputy Editor Mike McLean has worked his entire journalism career in the Inland Northwest. Mike, who also lives to reel in fish and crank up music, has worked for the Journal since 2006.

Deputy Editor
[email protected]
509.344.1266
Articles

ARTICLES

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
—Rendering courtesy of Russell C. Page Architects PS

Vandervert groups plan Tri-Cities projects

Apartment complex, hotel, office development worth $34.3 million combined
February 25, 2010
Mike McLean
Ownership groups led by Spokane developers Dick Vandervert and Lowell McKee plan to start work soon on three major commercial projects in the Tri-Cities area with a total value of $34.3 million.The planned projects include a hotel and an office
Read More

Commerce park planned at Playfair

Scafco would occupy first building to be developed at long-closed horse track
February 25, 2010
Mike McLean
A development company headed by the president of Spokane-based Scafco Corp. wants to develop a commercial and industrial park with up to 800,000 square feet of floor space and 800 parking spaces, at the former site of the Playfair horse racing in a
Read More
—Rendering courtesy of Russell C. Page Architects PS

Office project planned on West Plains

Investor group to develop $11.5 million structure next to Airway Heights
February 25, 2010
Mike McLean
A Spokane-based investor group plans to develop an $11.5 million office building on the West Plains and expects to begin work on the project soon, says Lowell McKee, one of the investors.The planned two-story, 47,000-square-foot structure, to be
Read More
—Staff photo by Mike McLean

NIC plans to erect building, move pro-tech programs

New dean hired to bridge credit, noncredit training for trade, industry workers
February 11, 2010
Mike McLean
Coeur d'Alene-based North Idaho College has placed its college-credit and noncredit trades- and industry-related training programs under joint management and plans to construct a new building so it can expand and move some of its courses off last a
Read More
—Staff photo by Mike McLean

A new potential market LIGHTS UP

E-cigarettes emerge here, touted as satisfying to smokers; regulators are dubious
February 11, 2010
Mike McLean
Smart Smoke Inc., an electronic cigarette retailer here that targets longtime tobacco smokers, has enjoyed strong growth in its first year of operation, says Aaron Rollins, director of sales and marketing.Smart Smoke, which opened its first in a
Read More
View All Articles by Mike McLean
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