Movers and Shakers March 5, 2010

Wine Cellar up for grabs

Three months after an ownership dispute was settled and The Wine Cellar reopened, the downtown restaurant has been put on the market.

Rick Gunther, commercial agent at Coldwell Banker Schneidmiller Realty, said Thursday the family trust that owns the business and building listed it for $1.35 million.

"It includes what you see," he said. "A turnkey operation, the building, the Wine Cellar, it all goes together."

The restaurant closed during October and November of 2009 while the ownership question remained open. A settlement was reached that concluded Fortress LLC, a corporate entity formed by Chinese investor Eddie Fu, a principal in the Gozzer Ranch development, was the owner.

Eddie's Bar and Grill at Arrow Point is named after Fu. After he died in May 2008, the family began liquidating its U.S. assets.

"They are getting rid of everything they've got in this country," said Gunther, who has several other pieces of the family's real estate listed.

With $50,000 in renovations to the basement restaurant and another $30,000 spent on the upstairs, the current use of the building, which includes All Things Irish on the street level, is best used as is, Gunther said.

"It is an institution in town, without a doubt," he said.

D.A. Davidson & Co. to hold

investment discussion

D.A. Davidson & Co. is holding an informative investment discussion on Tuesday, March 9, at 5:30 p.m. in the Spokesman Review Building, First Floor Conference Room, 608 Northwest Blvd., Coeur d'Alene. The discussion topic, "2010-Smart Investing Gets Rewarded," will be facilitated by Fred Dickson, senior vice president, chief market strategist for D.A. Davidson & Co.

Dickson is a nationally recognized equity market strategist with a reputation for solid analysis and balanced, common-sense commentary. Dickson is often featured on CNBC, Bloomsburg, Reuters and in the Wall Street Journal. He will give a PowerPoint presentation, followed by ample time for questions.

For more information and to reserve a spot, call 667-1212.

Making their mark

n Chad D. McCormick, M.D., recently passed the American Academy of Otolaryngic Allergy (AAOA) Fellow Examination. Achievement of fellow status requires board certification in otolaryngology/head and neck surgery, successful completion of both the oral and written components of the AAOA fellow examination, and demonstration of clinical experience and expertise in the field of otolaryngic (ear, nose and throat) allergy and immunotherapy (desensitization).

The American Board of Otolaryngology has affirmed that the diagnosis and treatment of allergic disorders of the head and neck is a fundamental component of the knowledge base of the practicing otolaryngologist (ear, nose and throat doctor). McCormick was interested in earning fellow status in an effort to further help his patients achieve control of allergy symptoms. Comprehensive, effective and unified care of allergic rhinitis and sinusitis is a priority in his practice. Allergy testing and treatment, including subcutaneous immunotherapy (allergy shots) and sublingual immunotherapy (allergy drops), are offered.

McCormick is a member of the active medical staff at Kootenai Medical Center Ear, Nose and Throat of Coeur d'Alene is located across from Kootenai Medical Center at 700 Ironwood Drive, Suite 236. The office may be contacted at 765-1345, or visited online at www.entcda.com.

n Rex A. Grace recently joined Wardian Insurance as an independent agent/benefit specialist. This enables Grace to research the most appropriate solutions for clients in the area of health insurance, long-term care, Medicare and life insurance while at the same time being able to meet their needs and fit their budget.

Grace has specialized in insurance sales locally for several years. His education includes graduating from The Citadel with a degree in math and computer science. Past work experience includes that as a business owner, and as a software systems developer with the U.S. Marines and Itron.

Grace's community involvement includes Boy Scout, Coeur d'Alene and Post Falls Chamber of Commerce, Coeur d'Alene Commodores and local schools.

If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail [email protected].