Deal Watch: Oregon's slice of the stimulus pie

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Friday, May 01, 2009

UncleSam

By Jon Bell

Though few people have been out making new investments lately, there is one — though he’s more entity than person, really — who has: Uncle Sam.

With Congressional passage of the $775 billion American Recovery and Reinvestment Act of 2009 in February and then the $410 billion Omnibus Appropriations Act in March, the federal government has become quite the financial backer.

In Oregon, that means more than $6.2 billion in direct and indirect payments for a range of projects, from nearly $82 million for TriMet’s MAX line along I-205 to $460,000 for upgrades at the Happy Canyon and Pendleton Round-Up facilities in Eastern Oregon.

Among the latest projects to receive federal funding are $16.3 million worth of upgrades at the Port of Portland, including crane and wharf modernization projects, and the refurbishing of a taxiway at Portland International Airport. The Port of Coos Bay is slated to receive $2.5 million for upgrading rails.

Beyond the ports, other transportation projects include the Columbia River Crossing, which received $3 million for design work; the Portland Streetcar, which hauled in $45 million for a new loop from the Lloyd District to OMSI; and Warrenton’s Sunset Empire Transportation District, which will spend $465,000 on new buses, shelters and maintenance equipment.

Throw in $380,000 that will be used to study a former Christmas Valley military site for potential production of renewable energy and you’ve got a pretty good cross-section of the projects that will be helped along by Uncle Sam’s guiding hand.

In April the General Services Administration put a few more sprinkles on top by announcing it would spend about $150 million in stimulus funds to upgrade two federal buildings in downtown Portland and one in Baker City

List researched by Jon Bell

REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$3.6M Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
$2.8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
$1.6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
$1.4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
$1.2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
$1.1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
$940,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
$850,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
$810,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
$725,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
$650,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
$500,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
$500,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
$400,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23
.6M
Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
height="500px".8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
0,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
0,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
0,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
5,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
0,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
0,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
0,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
0,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23
Click here to show Real Estate Transactions list in wide format

CAPITAL RAISING
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
8M (20-year wind energy investment) Eurus Energy America (CA)/Mark Anderson Clark Public Utilities (Vancouver) 3/24
5.9M (Common stock offering) PGE (Portland)/Jim Piro Private investors 3/6
.6M (I-205 MAX funds) TriMet (Portland) U.S. Government 3/12
.6M (Columbia River dredging funds) State of Oregon U.S. Government 3/12
.4M (Renewed credit facility) LaCrosse Footwear (Portland)/Joseph Schneider Wells Fargo (CA) 3/10
.5M (efficiency grants) State of Oregon U.S. Energy Efficiency and Conservation block grant 3/26
.6M (waterfront development funds) City of Vancouver U.S. Government 3/14
M (credit facility) Energy Connect Group (Lake Oswego)/Kevin Evans Aequitas Capital Management (Lake Oswego) 3/3
height="500px".5 (rail improvement funds) Port of Vancouver/Larry Paulson U.S. Government 3/26
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".6M (green research funds) OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel Oregon BEST (Portland) 3/13
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".5M (construction contract) Robert Gray Partners (Tualatin)/Robert Gray Mount Angel Abbey (Mount Angel) 3/24
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px"M (job placement grant) Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations U.S. Labor Department 3/28
5,000 (stimulus funds for transportation) Clatsop County, Astoria and Seaside Oregon Department of Transportation 3/10
5,000 (bus funding) Sunset Empire Transportation District (Warrenton) U.S. Government 3/17
0,000 (job placement grant) Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges U.S. Labor Department 3/10
0,000 (angel investment) DesignMedix (Portland)/Lynnor Stevenson Oregon Entrepreneurs Network (Portland) 3/13
,000 (angel investment) WeoGeo (Portland)/Paul Bissett Oregon Entrepreneurs Network (Portland) 3/13
Click here to show Capital Raising list in wide format

REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$3.6M Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
$2.8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
$1.6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
$1.4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
$1.2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
$1.1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
$940,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
$850,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
$810,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
$725,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
$650,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
$500,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
$500,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
$400,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23


CAPITAL RAISING
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
$338M (20-year wind energy investment) Eurus Energy America (CA)/Mark Anderson Clark Public Utilities (Vancouver) 3/24
$175.9M (Common stock offering) PGE (Portland)/Jim Piro Private investors 3/6
$81.6M (I-205 MAX funds) TriMet (Portland) U.S. Government 3/12
$48.6M (Columbia River dredging funds) State of Oregon U.S. Government 3/12
$47.4M (Renewed credit facility) LaCrosse Footwear (Portland)/Joseph Schneider Wells Fargo (CA) 3/10
$33.5M (efficiency grants) State of Oregon U.S. Energy Efficiency and Conservation block grant 3/26
$5.6M (waterfront development funds) City of Vancouver U.S. Government 3/14
$5M (credit facility) Energy Connect Group (Lake Oswego)/Kevin Evans Aequitas Capital Management (Lake Oswego) 3/3
$2.5 (rail improvement funds) Port of Vancouver/Larry Paulson U.S. Government 3/26
$1.6M (green research funds) OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel Oregon BEST (Portland) 3/13
$1.5M (construction contract) Robert Gray Partners (Tualatin)/Robert Gray Mount Angel Abbey (Mount Angel) 3/24
$1M (job placement grant) Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations U.S. Labor Department 3/28
$895,000 (stimulus funds for transportation) Clatsop County, Astoria and Seaside Oregon Department of Transportation 3/10
$465,000 (bus funding) Sunset Empire Transportation District (Warrenton) U.S. Government 3/17
$300,000 (job placement grant) Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges U.S. Labor Department 3/10
$150,000 (angel investment) DesignMedix (Portland)/Lynnor Stevenson Oregon Entrepreneurs Network (Portland) 3/13
$80,000 (angel investment) WeoGeo (Portland)/Paul Bissett Oregon Entrepreneurs Network (Portland) 3/13
 

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