Spokane Journal of Business

Local News

Texan buys Old City Hall for $7 million

After a brief bidding war, Texas real estate investor James F. Cotter has bought the Old City Hall building in downtown Spokane for $7 million, or $115,000 more than the asking price.Dave Black, CEO of Spokane-based Tomlinson Black Commercial it...

Metropolitan Mortgage returns to profitability

Metropolitan Mortgage & Securities Co., of Spokane, has returned to profitabilityat least on paperfollowing a business downturn that led to several consecutive quarters of financial losses, extensive job cuts, other cost-slashing measures, and...

East Coast biotechnology startup likely headed here

A young, Pennsylvania-based biotechnology company named MatriCal Inc. says it has all but decided to move to Spokane, probably by the end of this year.The company, which is located just outside of Philadelphia but also has small manufacturing in...

A day care without diapers

At whats about to become Spokanes newest day-care center, youll find some common things: lots of toys, a special time-out area, and a mandatory naptime. Whats uncommon about this center, however, is who will playing, misbehaving, and of all...

KMC eyes $24 million growth plan

COEUR DALENEKootenai Medical Center is considering a $24 million expansion plan that would include adding about 87,000 square feet of floor space and a 400-stall parking garage at the busy North Idaho hospital in coming years.In the near the...

Furniture market rearranged

Though comfortably quiet through much of the late 1990s, Spokanes retail furniture market has been getting a new look recently.Two out-of-state players, Furniture Row Cos. and Hacienda Furniture, have opened stores in the Spokane area, into a...

Growing SEL expands reach

PULLMAN, Wash.With continued strong performance in the domestic electric-utility market, Schweitzer Engineering Laboratories Inc. will surpass $100 million in sales this year and says it could grow much larger as it wades deeper into sales and in...

Potlatch gains ground on costs, analyst says

Potlatch Corp., which has posted net losses for five successive quarters, has made significant gains in curbing its costs, a securities analyst says.Even though the Spokane forest-products company posted a loss of 35 cents a share for the second...

Skipper’s prepares comeback

Skippers Inc., the Edmonds, Wash.-based seafood quick-service restaurant chain, could open as many as three new restaurants here, says Brad Barnett, the companys new president and CEO.As recently as 1995, the company had operated seven and a...

Calvert Technologies cuts costs, retrenches

Calvert Technologies Inc., the West Plains automated-systems integrator and manufacturer, has slashed its work force, cut other overhead expenses, and set up a creditor payoff plan to overcome recent financial woes.George C. Calvert, the CEO, be...

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