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|Articles - October 2013|
|Monday, September 30, 2013|
BY PAIGE FRANK
Founders of a Bend-based crowdfunding company are betting that the online masses will be as hungry to invest in old-school commercial real estate as they have been to back Spike Lee movies and premium hooded sweatshirts. CEO Darren Powderly and his two partners launched CrowdStreet in September, offering for as little as $5,000 shares in six commercial real estate projects in California and Oregon. CrowdStreet will eventually list commercial real estate investments in other Western states. “We’re taking that whole concept of real estate syndication, and we’re applying today’s technology,” Powderly says. For now, only “accredited” investors with a net worth of at least $1 million or earnings over $200,000 can invest through CrowdStreet. But Powderly expects the pending Securities and Exchange Commission rules and regulations for the Jumpstart Our Business Startups Act will “democratize” commercial real estate investing. “When the JOBS Act was announced, we knew immediately that the crowdfunding concept could be applied to investment real estate, and we just went for it,” he says. “There’s a whole bunch of up-and-coming Gen Xers and younger folks who are comfortable with this behavior of transacting online.” CrowdStreet caters to hands-off investors not interested in the day-to-day management of shopping centers, apartment complexes and office parks. Investors pay nothing to CrowdStreet, which makes money by charging fees to property owners with projects listed on the site, says Powderly, who has sold commercial real estate for 10 years.
PRODUCT: Commercial real estate crowdfunding investment platform
CEO: Darren Powderly
MONEY TRAIL: “We have not gone out and raised $1 million worth of [venture capital] money just to see if we have a good idea,” Powderly says. “We’ve bootstrapped this with very conservative resources. At some point in time, we will have to raise a lot more capital and expand and hire 15 to 20 people to grow the business, but at this point, we’re lean and mean.”
FRAUD CONTROL: CrowdStreet vets investments and the people behind them through criminal background and reference checks. “We really want to, maybe more so than anything else, prevent any bad actors from participating in our site,” Powderly says.
Wednesday, July 15, 2015
We asked readers how Obamacare has impacted their business.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
Thursday, August 20, 2015
BY JACOB PALMER
Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.
Wednesday, July 15, 2015
Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Monday, August 03, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.
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For good or ill, gay marriage inspires many people. They have strong feelings about it. Sometimes those strong feelings are grounded in religion and sometimes they are not. When the workplace is added to the mix, emotions tend to run high. After giving an overview of two current situations, The Bullard Edge is going to outline three key points for consideration and clarity.
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
Attendance, breakfast buffet, materials, certificate of attendance and parking are all complimentary on behalf of the firm.
New regulations are in effect and more updates are on the horizon, are you prepared?
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.