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|Articles - Nov/Dec 2012|
|Monday, November 05, 2012|
Page 2 of 5
Commercial and industrial
When the economy crashed in 2008, commercial and industrial construction all but dried up as companies shifted into austerity mode and made do with what they had.
Oregon’s largest private employer instead announced two years ago that it would build a $3 billion fab in Hillsboro. Known as D1X and scheduled for completion in 2013, the project, along with upgrades to facilities in Oregon and Arizona, was expected to create close to 8,000 U.S. construction jobs.
“Intel is the one wildcard in our home market that really impacts the trades here,” says Kelly Saito, president of Portland-based Gerding Edlen. “They can create an entire market with just one building.”
The company did just that again in late October when it announced plans for another massive round of new construction in Hillsboro that will add an extension to the D1X development fab, an office building, a manufacturing-support building and a multi-story parking garage. Two years worth of construction should kick off in 2013.
Intel’s construction impact reaches far beyond the new facility as well. An expanded Intel presence and 1,000 new full-time jobs will also draw associated vendors and high-tech firms, many of whom will need new or renovated places to work and live.
But not everyone has an Intel, and the action’s been a little slower elsewhere.
In Southern Oregon, Kelsy Ausland, president of Medford development firm Ausland Group, sees a small uptick in private projects. Even if it’s just a 70-stall parking lot outside a corporate office, it’s still a sign that business and employment is picking up.
“Two years ago, people weren’t investing in those kinds of projects,” she says. “Now they’re starting to.” But the Coast and most of the rural areas in the state “are really hurting for construction work,” says Mohlis.
One exception: data centers. Technology companies from Apple to Yahoo have been building data centers in Central Oregon and the Columbia Gorge in recent years. The latest: a 62,000-square-foot addition to one of Facebook’s two 332,000-square-foot Prineville data centers. Those projects employed roughly 250 construction workers every day they were being built. The social-media giant also has land for a third building as large as the first two should demand require it, says company spokesman Lee Weinstein.
Monday, August 25, 2014
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Ferguson Wellman’s investment views on the economy and capital markets.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Wednesday, August 27, 2014
BY KIM MOORE
A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.
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Craft beer comes to Mount Angel.
Tuesday, August 26, 2014
BY JENNIFER MARGULIS
In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Tuesday, August 26, 2014
Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.
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