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|Articles - May 2012|
|Monday, April 23, 2012|
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When neighborhood residents come to the gym to work out, he says, “it’s just another time during the week when our shopper is going to be at the Lloyd Center.”
Though Oregon retail centers have had to adjust their leasing strategies, they have fared far better than their counterparts in other parts of the country who have filled vacancies with enterprises like indoor gardens, putting greens, dog runs, aquariums and casinos.
While the average retail vacancy rate in the U.S. peaked at 7.9% during the recession, it only reached 6.7% in Portland, 6.6% in Salem and 5.4% in Eugene, according to CoStar. (The vacancy rate in Atlanta, by contrast, peaked at 10.7%.)
Oregon suffered less in part because its cities’ urban growth boundaries prevented the type of endless, sprawling development that breeds an overabundance of shopping malls. Because of this supply constraint, retail inventory in Portland only grew by 13% over the past decade, compared to 17% nationwide. (Portland is the only Oregon market for which CoStar provides comprehensive coverage.)
“The local government and culture in Portland tends to backlash against large developments such as Super Wal-Mart and Target that the rest of the country loves,” says Carlos Ortea, a CoStar real estate economist. “It’s more of a culture of wanting to have smaller spaces, and less.”
Jesse Tron of the International Council of Shopping Centers says it’s too soon to know whether nontraditional tenants will become long-term fixtures in the shopping centers they are currently inhabiting.
“My guess is that a lot of centers would bring back the more traditional retail tenant,” he says, “but it all depends on if they see added value with nontraditional tenants in the mix.”
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Thursday, March 26, 2015
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Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR
At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.
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As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.
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Images from the 2015 celebration of Oregon's great workplaces.
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BY JASON NORRIS | OB GUEST BLOGGER
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Generations of students and graduates have been plagued by the question: What is my true calling in life? Four alumni from Corban University’s Hoff School of Business who graduated in different decades say the school helped them find the answer by giving them a practical, well-rounded education.
It’s happening whether anyone’s ready or not. Businesses here in Oregon and across the U.S. are already experiencing the effects of the largest generational shift in recent history, and these changing tides will impact every level of the workplace — from a company’s executive leadership to its cultural core.
Success stories spotlight meaningful career opportunities in Oregon's diverse and lucrative tourism industry.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.
The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.
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