Spokane Journal of Business

Local News

Bankruptcy judge OKs sale of Alloy’s assets

A U.S. Bankruptcy Court judge here has authorized the sale of the assets of Alloy Trailers Inc., of Spokane, to California-based Alliance LLC, essentially clearing the way for a financial rescue of the struggling trailer-manufacturing John M....

Another industrial park eyed

A new 21-acre industrial park is being proposed along Sullivan Road in the Spokane Valley, adding to recent and envisioned development activity along that burgeoning north-south arterial.Bob Bonuccelli, of Village Square Realty Inc., is seeking...

Applebee’s may open new restaurant at ‘Y’

The franchisee for Applebees Neighborhood Grill restaurants in a territory that includes Spokane is seeking land near the North Division Y for its third Applebees restaurant here.The Atlanta-based Restaurant Concepts wants to lease land...

State plans Valley call center

The Washington state Employment Security Department says it plans to open a new 80-employee call center in the Spokane Valley late next year, where it will handle unemployment insurance claims by telephone, primarily for Eastern and Central a...

Zess Technologies Inc. plans Spokane plant

A young Portland company called Zess Technologies Inc. that is marketing a new type of heat exchanger with purportedly wide-ranging commercial and industrial applications plans to open a small testing and assembly facility here.Company Jim...

Safeco will cut 65 jobs in Spokane

Seattle-based Safeco Corp. says it plans to cut a net of 65 jobs in Spokane as part of a companywide restructuring. Returning to profitability is the main objective, says Dan Antonietti, assistant vice president of human resources in Spokane...

Venture fund gets key license

A Spokane venture-capital fund that has its roots in the Momentum economic-development movement has received a federal license that gives it access to $22 million in additional investment fundsincreasing the pool of capital that it and a to...

Medinex trims losses, announces sale of unit

Medinex Systems Inc., an Internet company that recently moved to Coeur dAlene from Post Falls, has announced a second-quarter net loss of $1.4 million, or 12 cents a share, an improvement over the $7.2 million loss it posted in the year-earlier a...

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...

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