Spokane Journal of Business

Local News

Ex-Spokane venture now worth nearly $1 billion

Docent Inc., a Silicon Valley company that cut some of its teeth while based in Spokane as Stanford Testing Systems Inc., has grown to a market capitalization fluctuating around $1 billion following a highly successful initial public offering in to...

Metropolitan sale tallies $293 million

Metropolitan Mortgage & Securities Co., of Spokane, has raised more than $293 million through a recent offering, called a securitization, that involved the sale of about 3,500 adjustable-rate and fixed-rate mortgage loans.The latest completed by...

Rehab starts at Heritage strip center

Work has begun to rebuild the east end of a strip retail center at Heritage Village, a shopping center near the Division Street Y in North Spokane.The shopping centers owner, Heritage Village Partnership, also plans within the next two to...

Fairchild AFB proposes big deployment center

Fairchild Air Force Base is proposing to build a $10 million to $15 million central deployment center on base, and is asking that funding for that project be included in the federal governments fiscal 2002 budget.Lee Paul, chief engineer at a...

Investment group buys downtown buildings

A real estate investment group headed by Spokane businessman Joe Harwood recently bought three buildings downtown that either are being remodeled or will be renovated soon.The transactions involve the former House of Charity building, on the of...

Retail center planned at Liberty Lake

Brian and Judy Jorgensen, a Post Falls couple that owns a small North Idaho chain of pharmacies called Medicine Man Pharmacy Inc., plans to develop a $1.5 million retail center at Liberty Lake.The couple has applied for a building permit from to...

Hollister-Stier inks deals to help broaden its scope

Hollister-Stier Laboratories LLC, the Spokane-based allergy-products maker, has signed two agreements that result from the companys ongoing efforts to diversify its activities, says Bill Bauernschmidt, Hollister-Stiers vice president of part of...

Safeway agrees to lease space in planned center

Safeway Stores Inc., of Pleasanton, Calif., has agreed to lease a proposed supermarket space at a planned $9 million retail center in the Hillyard area of northeast Spokaneand close a nearby store, developer Jim Gallaugher says.Gallaugher, who...

INHS plans to expand telemedicine network

Northwest TeleHealth, a Spokane-based telemedicine network, will receive a $2.7 million grant from Qwest Communications International Inc. to expand the network further throughout Eastern Washington.Telemedicine enables doctors in one community...

Financial services firm opens four new offices

Great Northern Financial Services Inc., a young Spokane company that sells financial products as an agent for others, has opened four offices so far this year, is planning to open an office in Boise next week, and is eyeing an expansion into next a...

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