Posts tagged: Spokane Valley business
Business partnership group CDA Loon LLC has purchased the former Caterpillar plant at 6811 E. Mission Ave. in Spokane Valley. The group paid $2.7 million for the 124,000-square-foot building sitting on 7.8 acres.
The buyer is affiliated with Spokane Valley-based Berg Co. It plans to use the warehouse to consolidate its diverse manufacturing operations.
Earl Engle and Darren Stack were the listing agents, and James Black III represented Berg in the deal. All three work with NAI Black.
Spokane brothers Ken and Scott Atkins have purchased the former Midas Muffler shop at 10415 E. Sprague, in Spokane Valley.
They're starting a new automotive service center called Quantum Mechanics,
They'll cover the waterfront, doing the full variety of vehicle service but they'll also focus especially on high-performance muscle cars, Scott Atkins said.
“Those muscle cars are what we grew up working on,” he said. “We will make that a specialty,” Atkins said.
The Atkins paid $270,000 for the 5,100-square-foot building. They expect to open in July.
The property owner was Harborco LLC. Mike King of NAI Black represented Atkins; Sam Morse of Cantu Commercial represented Harborco
The Spokane Valley Perkins Restaurant on Argonne and Mission closed last week, said Nancy McDaniel, the principal owner of the company that operated it for 15 years.
McDaniel said that restaurant has lost money “for years.” She said neither the Perkins company nor her own company, which operated it as a franchise, wanted to continue running it. McDaniel was one of four owners of that eatery, which opened in 1990.
Another one of her franchised Perkins, in Caldwell, Idaho, also shut down this past weekend. McDaniel said that store also was losing money.
The four-investor group also owns a Coeur d'Alene Perkins that will not close as well.
McDaniel is also a partner in a second area Perkins Restaurants franchisee. That firm, Perk Restaurant Management, operates six stores. The two Spokane Perkins in that group are also not closing, she said.
And neither the Spokane Valley nor the Caldwell closings was connected to a recent bankruptcy filed by national company Perkins & Marie Callender's, McDaniel said.
The national firm said in bankruptcy filings that it will close 65 stores and cut 2,500 jobs, or about 20 percent of its workforce. A Spokane Valley Marie Callender's was closed due to the bankruptcy.
John Overby, the director of client services at Sirti, has announced he's leaving in January for a new job.
Overby has been with state-funded startup-accelerator Sirti for almost six years.
He's taking the job of president and CEO of Spokane Valley startup Flyback Energy. That company was started in 2003 by three area engineers.
Overby and other Sirti staff have helped Flyback get their business plan sharpened. In fact, Overby liked what he saw on the drawing board and decided to join the company at a key point — within 12 months of the firm's first product release.
Flyback Energy has patented processes that are designed to tap into wasted electromagnetic energy — technically what engineers call flyback. Overby said the company will sell products — the first group will be essentially a switch that is plugged into wall circuits — that capture and reuse some of the inherent wasted energy in an electrical circuit.
Overby has helped launch two other area companies, Advanced Hardware Architecture, based in Moscow and Advanced Input Devices, in North Idaho.
“I hope No. 3 will be bigger than those two,” he said.