Deal Watch: a real deal for art in Portland

| Print |  Email
Sunday, July 01, 2007

PNCA0707.jpg

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

REAL ESTATE TRANSACTIONS
ANNOUNCED BUYER (HQ) REAL ESTATE (LOCATION) SELLER PRICE
26-Apr Broadway Burnside (Portland) retail location (Portland) Katsam LLC (WA) $2.2m
30-Apr Guardian Management LLC (Portland) Arbor Park Apartments (Vancouver, WA) ND $11.5m
7-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP office bldg. (CO) ND $8.63m
9-May The Cundari Family LLC industrial bldg. (Portland) Mark R. Madden (Beaverton) $1.1m
9-May JER Partners/J.E. Robert Cos. (VA) former TN Building (Portland) Fountain Village Development LLC $9m
13-May Pine Tree Institutional Realty LLC (IL) Hazel Dell Town Center (Vancouver,WA) Kimco Developers (CA) $59.8m
14-May Charter Construction (WA) office bldg. (Portland) Julie and Rick May (Tigard) $985,000
16-May DHS LLC office bldg. (Tigard) Central Bethany Development (Portland) $1.85m
18-May Vanderhouwen & Associates (Portland) Beall Macadam Building (Johns Landing) Beall Macadam Building LLC (Johns Landing) $2.07m
21-May Standard Steel Property LLC (Portland) 3.18-acre parcel (Portland) Hill Investment Co. (AZ) $4.8m
22-May RealNet Investments LLC (Portland) Bandera Trails Shopping Center (TX) ND ND
22-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP Centerpointe Business Park (WA) ND $11.5m
23-May Lane County (Eugene) Charnelton Building (Eugene) Oregon Development LLC $7.9m
29-May Opus Northwest LLC (MN) 14-acre site (Fairview) Sandy Blvd. Development Associates (Fairview) $2.9m
29-May Forest Rim VAF LLC Forest Rim Apartments (Tualatin) I&G Tualatin LLC (Tualatin) ND

CAPITAL RAISING
ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR PRICE TERMS
10-May MathStar Inc. (Hillsboro)/ Doug Pihl, chairman, president & CEO public offering $25m equity
15-May NW Hayden Enterprises (Tualatin)/ Bill Hayden and Richard Arthur, co-owners Aequitas Capital Management $1.175m equity
16-May Bend Tarp and Liner (Bend)/ Brad and Jan Elliott, co-owners Brad Everett, investor $3.5m sale-leaseback
22-May Pacific Northwest College of Art (Portland)/ Tom Manley, president Hallie E. Ford, co- founder, Ford Family Foundation $15m charitable gift
23-May StanCorp Financial Group (Portland)/ Eric E. Parsons, president & CEO public offering $300m debt
29-May Evolution Family Holdings LLC (Portland) RKM Development LLC $1.7m sale-leaseback

MERGERS AND ACQUISITIONS
ANNOUNCED EXP. CLOSE BUYER (HQ) SELLER (HQ)/PARENT PRICE (TERMS)
10-May Q3 ‘07 Barrett Business Services (Vancouver, WA) Strategic Staffing (UT) $12m (cash + earn-outs)
15-May Q1 ‘07 OCP (Portland) Liturgical Publications of St. Louis (MO) ND
23-May Q2 ‘07 Planar Systems (Beaverton) Runco International (CA) $36.7m (cash)
24-May Q2 ‘07 Xerox Corporation (CT) Copytronix (Portland)/Global Imaging Systems (FL) ND
25-May Q2 ‘07 NPG of Oregon (Bend)/News-Press & Gazette Company (MO) KFXO-LP (Bend)/Meredith Corporation (IA) ND

List researched by Mark Druskoff

ND=Not disclosed

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

The short list: 4 companies engaged in a battle of the paddles

The Latest
Thursday, December 04, 2014
pingpongthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Nothing says startup culture like a ping pong table in the office, lounge or lobby.


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS