Spokane Journal of Business

Local News

Apartment developer buys Boise complex

Alvin J. Wolff Inc., the brokerage and acquisition division of The Wolff Companies, of Spokane, has bought a 288-unit apartment complex in Boise as the first move in what will be an aggressive plan to penetrate apartment markets in other Western H....

For your 15 seconds of fame

A stack of seven videocassette recorders hooked to one small television set whir into action in the corner of what once was the dining room of Lisa Bergstrom-Regehr and her family.Across the hardwood floor of the South Hill home, a desk holds a...

New group to question GMA work

Packet Engines Inc. founder Bernard Daines is organizing what he envisions will be a grass-roots citizens group that would call into question and perhaps push for the reversal of steps city and county government officials are taking to bring into...

Arena fills bill, saves up millions

The Spokane Veterans Memorial Arena and the public district that owns it are performing as well as the entertainers who grace the arenas stage and the champion athletes who compete on its rinks and courts.The Spokane Public Facilities District...

High-rise rumors escalate

Rumors are swirling in downtown Spokane about a possible building projectperhaps a high-rise office tower or a parking garageon the block where the Rookery Building and several smaller structures now stand.The rumors, which are circulating a...

Entertainment facilities report record revenue

Spokanes four major entertainment and meeting facilities had their best year ever financially in 1997, bolstered by record combined revenue of more than $2.35 million, according to a year-end report released recently.The Opera House, Center, a...

Wash. Trust parent posts record profit

Spokane-based WTB Financial Corp. posted record net income of $15.6 million for 1997, up 6.9 percent from 1996.The financial services holding company, the parent of Washington Trust Bank, of Spokane, also reported solid gains in assets, loans, a...

First of likely new stores for Rite Aid under way

Rite Aid Corp., the Camp Hill, Pa.-based drug-store chain, is having a store constructed at the northwest corner of Sprague Avenue and Sullivan Road in the Spokane Valley and plans to open one of its drug stores there in August.The planned store...

Ponderay Newsprint might get new operator

Ponderay Newsprint Co., which owns the big paper mill at Usk, Wash., about 60 miles north of Spokane, could have a new managing partner by this summer.Avenor Inc., the Montreal-based current managing partner and 40 percent owner of the plant, a...

Sales-tax hike could fund light-rail line

A modest boost in the local sales-tax rate could raise enough money to pay the local share of a $300 million light-rail system here, but Spokane-area voters would have to approve the tax hike, an official here says.The U.S. House of included of...

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