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|Articles - February 2014|
|Tuesday, January 21, 2014|
BY EMMA HALL
Kevin Cavenaugh, owner of Guerrilla Development, graduated from architecture school but isn’t a licensed architect. He doesn’t like to call himself a developer, though, a profession often viewed as “just above krill on the food chain.” Specializing in boutique urban infill developments, Cavenaugh is known for his mixed-use projects on Portland’s East and West sides, including Box & One, Burnside Rocket and the Ocean. “For me, projects aren’t just an asset or commodity,” he says. “It has to be a design experiment for me to consider it successful, and I have to be a designer, curator and bean counter all at the same time.” He lives in Portland with his wife, Beth, and three children, Jack, 16, Grace, 14, and Lily Jane, 9.
Design dreams “Every project I do has to be different, and I have to keep learning. It would be easy for me to do the Rocket or Box again, maybe better and make a bit more money. But that would be formulaic, and there would be no professional growth. Right now I still bolt up at one or two in the morning and have to sketch something out in the pad beside my bed before I can fall back asleep.”
Starting over “On January 1, 2013, Beth rolled over in bed and said, ‘let’s move today!’ We left all our furniture except for our dining room table and favorite chair. Moving didn’t mean moving; it meant shopping. We went to the mattress store across the street, and I spent way too much money and time putting together IKEA furniture. We had an estate sale at the old house — weird when you’re still alive, but a fun way to take your accumulation and jettison it.”
Business lunch “Today I had the daunting task of trying shawarma at a restaurant that will probably be a tenant at my new project. We had to do a taste test to make sure we were happy with it. Lunch culminated in a handshake. When I go home and Beth asks how my day was, I can’t complain about my job. I get to go around, taste awesome food and do handshake deals with honest people.”
Living simply “I like to say we’re a ‘skill-free family’; none of us has sports or hobbies, really. We’re together a lot, and in winter we hibernate — we eat family dinner, maybe play a Scrabble game, do homework, roll into bed. It’s our first year of living in a loft in the back of my Ocean project on Sandy Boulevard. When I first moved to Portland 20 years ago, Sandy was hookers and cocaine. Now the cool factor is very high, which the kids like.”
Citizen investor “Crowdfunding is exciting as hell. I can go online and see another $20,000 pledged in my project from people all over the country that I don’t know. The whole democratization of real estate finance is just fascinating. The idea that someone like my wife, a hospice nurse, can invest $100 just as easily as someone of a much wealthier profile — that will change the market.”
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
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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 Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.