Business


Wal-Mart owns site in Hayden

SATURDAY, FEB. 11, 2006

Wal-Mart Stores Inc. now owns the land to build a 200,000-square-foot supercenter in Hayden, Idaho.

A representative of North Idaho Title Co. confirmed that D.A. LLC and Taylor Revocable Living Trust recently sold property at the corner of U.S. 95 and Honeysuckle Avenue to Wal-Mart.

D.A. LLC includes local landowner and developer Alan Eborall.

Lisa Key, director of planning and community development for Hayden, said Wal-Mart has yet to submit revised plans to re-start the permitting process.

“Actually, we don’t have a building permit application at this time,” Key said.

The company still has changes to make on the footprint of its building to meet codes, Key said, and it lacks the site plan and building permit needed to move the project forward.

Spokane

Ambassadors profits, sales up

Ambassadors Group Inc., of Spokane, reported higher profits and sales for 2005 compared with the previous year. The company, which provides educational travel services, said it earned $22.4 million last year, or $1.05 a share, up from income of $15.6 million, or 75 cents a share, in 2004.

In a press release, the company said its overall program receipts rose by 22 percent despite terrorist attacks in London and Amman, Jordan, which occurred while Ambassadors had travel groups staying in both cities. “We responded by implementing our crisis plans immediately. Overall, the impact on our programs has been minimal,” the company said.

Ambassadors reported a loss for the fourth quarter – typically a slow time for educational travel – of $4.8 million, or 24 cents a share, versus a loss of $4.1 million, or 21 cents a share, a year earlier.

Spokane

Kiemle & Hagood has new partner

Kiemle & Hagood Co., a locally-owned property management and commercial real estate company, has a new partner.

Gordon Hester has been with the company for more than 15 years and has directed the commercial management division for three years.

A recipient of an annual Spokane Association of Realtors’ Excellence Award, Hester will join partners Tom Quigley and Larry Soehren in owning and operating the 35-year-old company.

The local company leases, manages and sells nearly 5 million square feet of space in commercial buildings throughout the Northwest, said Teresa Eggleston, of Kiemle & Hagood.

Spokane

Inland Real Estate bought by broker

Inland Real Estate LLC, a local company specializing in the purchase and renovation of historic properties, has changed hands.

Christian Rose, an associate broker specializing in commercial real estate, recently purchased the company for an undisclosed amount.

Inland Real Estate LLC manages and sells properties in excess of $15 million annually. It was formerly owned by investors Ron and Cherie Willhite.


 

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