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|Monday, June 01, 2009|
Local rock climbers in Bend are clinging to their gym membership as if they were hanging off a sheer mountainside. And with an imploded housing market and unemployment at 17%, the city is teetering on a cliff. Yet Bend-based Inclimb Rock Gym is planning to move into a larger building in July, an expansion plan that’s echoed at several Portland gyms.
“It’s kind of a response to the recession,” says manager Bevin Hess. “The building we’re in got bought right before the market crashed. They have plans to demolish it, so we decided to go the opposite route and expand.”
Though some clubs have seen membership remain flat, Inclimb and other fitness clubs around the state are following a national trend. According to trade magazine Fitness Business Pro, the fitness industry will not be as drastically affected by the recession as others. Research company IBISWorld projects 4% growth in the fitness industry this year. IBISWorld ranks the fitness industry fifth in projected growth, behind industries like video games and biotechnology.
In the Portland area, the YMCA of Columbia-Willamette is considering a new gym, though it’s based on need rather than profit. The YMCA and Gresham are discussing plans for a new YMCA in the Rockwood neighborhood. YMCA spokeswoman Tammy Spencer thinks people use fitness to regain control over their lives. “Folks might not be able to do anything about the stock market and economy,” says Spencer, “but they can do something about their health.”
24 Hour Fitness and L.A. Fitness are also expanding in Portland. There are a dozen 24 Hour Fitness clubs in Oregon, almost all in Portland. A 13th will open on Southeast McLaughlin in August. In January, L.A. Fitness opened its fifth location in Portland and plans a sixth this summer.
“People still need to be healthy. It’s something that people still hold high on their value list,” says Tyron Manlove of the L.A. Fitness on Northwest Northup.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Wednesday, August 27, 2014
BY LEE VAN DER VOO
By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.
Tuesday, August 26, 2014
Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.