Sponsored by Oregon Business

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

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...

The week journalism died

Linda Baker
Sunday, February 15, 2015
deadjournalismthumbBY LINDA BAKER | OB EDITOR

As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

Uncertainty about convention center hotel could cost Portland an NBA All-Star Game

The Latest
Wednesday, February 18, 2015
463545460BY JACOB PALMER | OB DIGITAL NEWS EDITOR

NBA commissioner: "I would love to end up having an All-Star Game in Portland. It's really just a function of ensuring that we can fit in town."


Read more...

The 100 Best Companies to Work For in Oregon

March 2015
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees. 


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