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Thursday, September 19, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: receivership

UPDATED: Wed., Feb. 14, 2018, 10:45 p.m.

Vandervert Construction statement says $14 million in losses on hotel projects led to its closure

Vandervert Construction lost more than $14 million on a string of hotel projects across the Northwest, which pushed the Spokane-based general contractor into receivership, company officials said.

UPDATED: Fri., Feb. 9, 2018, 8:45 p.m.

Vandervert Construction permanently closes

Vandervert Construction, a Spokane-based general contractor that built hotels, banks and stores throughout the Pacific Northwest, has closed for good.

UPDATED: Fri., Feb. 9, 2018, 10:57 a.m.

Spokane-based Vandervert Construction placed in receivership

Vandervert Construction Inc., a Spokane-based general contractor responsible for numerous projects throughout the Pacific Northwest during the past 40 years, has been placed in receivership.

What does it mean to buy property in receivership?

Mortgage defaults and delinquencies are common. Distressed properties account for nearly one-third of residential transactions. Foreclosures, short sales, banks’ REO (real estate owned) and bulk sales have become terms and …

Deal ends raceway deadlock

A recent court agreement may lead to a sigh of relief by county commissioners and investors in the former Spokane Raceway Park. The agreement breaks a stalemate over testing to …