JULY 2007: DEAL WATCH
More than a
gift, a real deal for art in Portland
Hallie Ford, timber baron widow and co-founder of the Ford
Family Foundation, died last month at age 102. But before she
passed on she put her mark on Portland with a gift so big it
left arts fundraisers across the state breathless.
Ford’s $15 million donation is startup capital for the
Pacific Northwest College of Art’s Ford Institute for
Visual Education. Called FIVE for short, it’s an
ambitious program that will launch Masters of Fine Art degree
programs at the Pearl District art school and recruit big-name
artists as visiting faculty.
Under president Tom Manley, PNCA has lined up an advisory
council of creative business leaders who all wax poetic about
the impact that this new program will have on Portland and on
Oregon.
“What we’ll see as a community is excellence.
Interesting people are attracted to vital communities,”
says Brad Cloepfil, founder of Allied Works Architecture. and a
PNCA fan. “And that makes it easier to hire people, which
is no picnic, by the way.”
Cloepfil sees FIVE as an important continuation of a
focus in Portland on what he calls the city’s
“creative capital.”
Of course, funding and conception is just the beginning,
points out John Jay, another PNCA adviser and creative director
at Wieden+Kennedy. To make a name for the FIVE program
worldwide — which will be key to recruiting top-shelf
artists to come teach at the school and live in Portland
— will take strategic marketing. But thanks to the late
Mrs. Ford at least PNCA has some cash to get started.
— Christina
Williams
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REAL ESTATE TRANSACTIONS
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ANNOUNCED
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BUYER (HQ)
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REAL ESTATE (LOCATION)
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SELLER
|
PRICE
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26-Apr
|
Broadway Burnside (Portland)
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retail location (Portland)
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Katsam LLC (WA)
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$2.2m
|
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30-Apr
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Guardian Management LLC (Portland)
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Arbor Park Apartments (Vancouver, WA)
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ND
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$11.5m
|
|
7-May
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NBS Real Estate Capital (Portland)/Morrison Street Fund II
LP
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office bldg. (CO)
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ND
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$8.63m
|
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9-May
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The Cundari Family LLC
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industrial bldg. (Portland)
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Mark R. Madden (Beaverton)
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$1.1m
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9-May
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JER Partners/J.E. Robert Cos. (VA)
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former TN Building (Portland)
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Fountain Village Development LLC
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$9m
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13-May
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Pine Tree Institutional Realty LLC (IL)
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Hazel Dell Town Center (Vancouver,WA)
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Kimco Developers (CA)
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$59.8m
|
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14-May
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Charter Construction (WA)
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office bldg. (Portland)
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Julie and Rick May (Tigard)
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$985,000
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16-May
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DHS LLC
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office bldg. (Tigard)
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Central Bethany Development (Portland)
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$1.85m
|
|
18-May
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Vanderhouwen & Associates (Portland)
|
Beall Macadam Building (Johns Landing)
|
Beall Macadam Building LLC (Johns Landing)
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$2.07m
|
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21-May
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Standard Steel Property LLC (Portland)
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3.18-acre parcel (Portland)
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Hill Investment Co. (AZ)
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$4.8m
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22-May
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RealNet Investments LLC (Portland)
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Bandera Trails Shopping Center (TX)
|
ND
|
ND
|
|
22-May
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NBS Real Estate Capital (Portland)/Morrison Street Fund II
LP
|
Centerpointe Business Park (WA)
|
ND
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$11.5m
|
|
23-May
|
Lane County (Eugene)
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Charnelton Building (Eugene)
|
Oregon Development LLC
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$7.9m
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29-May
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Opus Northwest LLC (MN)
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14-acre site (Fairview)
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Sandy Blvd. Development Associates (Fairview)
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$2.9m
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29-May
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Forest Rim VAF LLC
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Forest Rim Apartments (Tualatin)
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I&G Tualatin LLC (Tualatin)
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ND
|
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CAPITAL RAISING
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ANNOUNCED
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COMPANY (HQ) / LEADERSHIP
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INVESTOR
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PRICE
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TERMS
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10-May
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MathStar Inc. (Hillsboro)/ Doug Pihl, chairman, president
& CEO
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public offering
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$25m
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equity
|
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15-May
|
NW Hayden Enterprises (Tualatin)/ Bill Hayden and Richard
Arthur, co-owners
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Aequitas Capital Management
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$1.175m
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equity
|
|
16-May
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Bend Tarp and Liner (Bend)/ Brad and Jan Elliott, co-owners
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Brad Everett, investor
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$3.5m
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sale-leaseback
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22-May
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Pacific Northwest College of Art (Portland)/ Tom Manley,
president
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Hallie E. Ford, co- founder, Ford Family Foundation
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$15m
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charitable gift
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23-May
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StanCorp Financial Group (Portland)/ Eric E. Parsons,
president & CEO
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public offering
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$300m
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debt
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|
29-May
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Evolution Family Holdings LLC (Portland)
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RKM Development LLC
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$1.7m
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sale-leaseback
|
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MERGERS AND ACQUISITIONS
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ANNOUNCED
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EXP. CLOSE
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BUYER (HQ)
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SELLER (HQ)/PARENT
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PRICE (TERMS)
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|
10-May
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Q3 ‘07
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Barrett Business Services (Vancouver, WA)
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Strategic Staffing (UT)
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$12m (cash + earn-outs)
|
|
15-May
|
Q1 ‘07
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OCP (Portland)
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Liturgical Publications of St. Louis (MO)
|
ND
|
|
23-May
|
Q2 ‘07
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Planar Systems (Beaverton)
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Runco International (CA)
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$36.7m (cash)
|
|
24-May
|
Q2 ‘07
|
Xerox Corporation (CT)
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Copytronix (Portland)/Global Imaging Systems (FL)
|
ND
|
|
25-May
|
Q2 ‘07
|
NPG of Oregon (Bend)/News-Press & Gazette Company (MO)
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KFXO-LP (Bend)/Meredith Corporation (IA)
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ND
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List
researched by Mark Druskoff
ND=Not disclosed
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