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|Sunday, February 01, 2009|
THIS OLD HOUSE
The downturn hits senior housing, but Oregon may suffer less than other markets.
BY JASON SHUFFLER
The ravaged condo and residential markets in Oregon have received most of the attention in the housing collapse, but the downturn, which has sapped many retirement funds, finally is reaching another housing sector: senior-living communities.
Keren Brown Wilson, now a professor of gerontology at Portland State University, convinced the state in 1981 to subsidize early assisted-living housing models with Medicaid waivers. It was the first state in the nation to do this, and it spurred the development of assisted-living facilities, and later independent retirement communities. The sector exploded in the 1990s, pushing membership in the Oregon Health Care Association, the trade organization representing operators, by fivefold. “We went from zero to 60 overnight,” says Linda Kirschbaum, program director of the association.
The prospect of a steeper dip in occupancy and new residents is also troubling news for owners and operators trying to manage debt and rising costs and still a pull a profit at the end of the quarter.
In mid-March, McMinnville-based Willowcreek Management and Development Company plans to unveil The Springs at Tanasbourne, a 240-unit upscale multi-use senior-living community. The company says leasing of the independent retirement units is at 30% as of mid-December. The entrance fee ranges from $230,000 to $340,000.
Wednesday, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Tuesday, May 26, 2015
BY JACOB PALMER
Live, Work, Play: CEO of Gorilla Capital.
Tuesday, May 26, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.
Friday, May 22, 2015
BY CHRIS NOBLE
The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night.
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
Bend energy leader brings passion for efficiency and renewable energy to the nonprofit.
Event in Forest Grove marks recognition of Global Food Safety Initiative Certification.
Colette Young to lead staff at Southwest Portland branch.