By Jon Bell
Though few people have been out making new investments lately, there is one — though he’s more entity than person, really — who has: Uncle Sam.
With Congressional passage of the $775 billion American Recovery and Reinvestment Act of 2009 in February and then the $410 billion Omnibus Appropriations Act in March, the federal government has become quite the financial backer.
In Oregon, that means more than $6.2 billion in direct and indirect payments for a range of projects, from nearly $82 million for TriMet’s MAX line along I-205 to $460,000 for upgrades at the Happy Canyon and Pendleton Round-Up facilities in Eastern Oregon.
Among the latest projects to receive federal funding are $16.3 million worth of upgrades at the Port of Portland, including crane and wharf modernization projects, and the refurbishing of a taxiway at Portland International Airport. The Port of Coos Bay is slated to receive $2.5 million for upgrading rails.
Beyond the ports, other transportation projects include the Columbia River Crossing, which received $3 million for design work; the Portland Streetcar, which hauled in $45 million for a new loop from the Lloyd District to OMSI; and Warrenton’s Sunset Empire Transportation District, which will spend $465,000 on new buses, shelters and maintenance equipment.
Throw in $380,000 that will be used to study a former Christmas Valley military site for potential production of renewable energy and you’ve got a pretty good cross-section of the projects that will be helped along by Uncle Sam’s guiding hand.
In April the General Services Administration put a few more sprinkles on top by announcing it would spend about $150 million in stimulus funds to upgrade two federal buildings in downtown Portland and one in Baker City
List researched by Jon Bell
| REAL ESTATE TRANSACTIONS |
| PRICE |
BUYER / PARENT (HQ) |
REAL ESTATE (LOCATION) / SELLER (HQ) |
ANNOUNCED |
| REAL ESTATE TRANSACTIONS |
| PRICE |
BUYER / PARENT (HQ) |
REAL ESTATE (LOCATION) / SELLER (HQ) |
ANNOUNCED |
| $3.6M |
Erich Kasch (Vancouver) |
King's Landing Apts (Corvallis)/Charles Stevens (CA) |
3/20 |
| $2.8M |
Glen McClish (CA) |
80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) |
3/3 |
| $1.6M |
Ivy Tree (Portland) |
Ivy Tree Apartments (Portland)/Louis Mayta (Portland) |
3/4 |
| $1.4M |
Northern Aral (NV) |
12,220 sq. ft commercial (Vancouver)/Teresa and David Newton |
3/3 |
| $1.2M |
Stubb Street Properties (Portland) |
19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) |
3/21 |
| $1.1M |
Megra Construction (Portland) |
17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) |
3/20 |
| $940,000 |
Greg Fish (Portland) |
6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) |
3/5 |
| $850,000 |
MLK Growth Properties (Monmouth) |
Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) |
3/21 |
| $810,000 |
William Emery (Portland) |
9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) |
3/20 |
| $725,000 |
Patricia Lawrence (Portland) |
6,400 sq. ft office (Portland)/Generating Equities (Portland) |
3/6 |
| $650,000 |
Oregon Coast Hospitality Investments (Portland) |
The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) |
3/20 |
| $500,000 |
3505 SW Corbett Avenue LLC (Portland) |
6,400 sq. ft office (Portland)/Liza C. Jones (Portland) |
3/20 |
| $500,000 |
Ganesh Sonpatki (Portland) |
5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) |
3/20 |
| $400,000 |
Cliff Poulton (CA)/Poulton Family Oregon (Seaside) |
Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) |
3/24 |
| ND |
Shari's Restaurants (Beaverton) |
Four restaurants (CA)/VICORP Restaurants (CO) |
3/17 |
| ND |
W. Willemstein, C. van der Velde (the Netherlands and Bend) |
Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) |
3/23 |
.6M |
Erich Kasch (Vancouver) |
King's Landing Apts (Corvallis)/Charles Stevens (CA) |
3/20 |
| height="500px".8M |
Glen McClish (CA) |
80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) |
3/3 |
| text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".6M |
Ivy Tree (Portland) |
Ivy Tree Apartments (Portland)/Louis Mayta (Portland) |
3/4 |
| text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".4M |
Northern Aral (NV) |
12,220 sq. ft commercial (Vancouver)/Teresa and David Newton |
3/3 |
| text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".2M |
Stubb Street Properties (Portland) |
19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) |
3/21 |
| text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".1M |
Megra Construction (Portland) |
17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) |
3/20 |
| 0,000 |
Greg Fish (Portland) |
6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) |
3/5 |
| 0,000 |
MLK Growth Properties (Monmouth) |
Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) |
3/21 |
| 0,000 |
William Emery (Portland) |
9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) |
3/20 |
| 5,000 |
Patricia Lawrence (Portland) |
6,400 sq. ft office (Portland)/Generating Equities (Portland) |
3/6 |
| 0,000 |
Oregon Coast Hospitality Investments (Portland) |
The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) |
3/20 |
| 0,000 |
3505 SW Corbett Avenue LLC (Portland) |
6,400 sq. ft office (Portland)/Liza C. Jones (Portland) |
3/20 |
| 0,000 |
Ganesh Sonpatki (Portland) |
5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) |
3/20 |
| 0,000 |
Cliff Poulton (CA)/Poulton Family Oregon (Seaside) |
Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) |
3/24 |
| ND |
Shari's Restaurants (Beaverton) |
Four restaurants (CA)/VICORP Restaurants (CO) |
3/17 |
| ND |
W. Willemstein, C. van der Velde (the Netherlands and Bend) |
Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) |
3/23 |
Click here to show Real Estate Transactions list in wide format
| CAPITAL RAISING |
| PRICE (TYPE) |
COMPANY (HQ) / LEADERSHIP |
INVESTOR (HQ) |
ANNOUNCED |
| 8M (20-year wind energy investment) |
Eurus Energy America (CA)/Mark Anderson |
Clark Public Utilities (Vancouver) |
3/24 |
| 5.9M (Common stock offering) |
PGE (Portland)/Jim Piro |
Private investors |
3/6 |
| .6M (I-205 MAX funds) |
TriMet (Portland) |
U.S. Government |
3/12 |
| .6M (Columbia River dredging funds) |
State of Oregon |
U.S. Government |
3/12 |
| .4M (Renewed credit facility) |
LaCrosse Footwear (Portland)/Joseph Schneider |
Wells Fargo (CA) |
3/10 |
| .5M (efficiency grants) |
State of Oregon |
U.S. Energy Efficiency and Conservation block grant |
3/26 |
| .6M (waterfront development funds) |
City of Vancouver |
U.S. Government |
3/14 |
| M (credit facility) |
Energy Connect Group (Lake Oswego)/Kevin Evans |
Aequitas Capital Management (Lake Oswego) |
3/3 |
| height="500px".5 (rail improvement funds) |
Port of Vancouver/Larry Paulson |
U.S. Government |
3/26 |
| text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".6M (green research funds) |
OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel |
Oregon BEST (Portland) |
3/13 |
| text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".5M (construction contract) |
Robert Gray Partners (Tualatin)/Robert Gray |
Mount Angel Abbey (Mount Angel) |
3/24 |
| text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px"M (job placement grant) |
Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations |
U.S. Labor Department |
3/28 |
| 5,000 (stimulus funds for transportation) |
Clatsop County, Astoria and Seaside |
Oregon Department of Transportation |
3/10 |
| 5,000 (bus funding) |
Sunset Empire Transportation District (Warrenton) |
U.S. Government |
3/17 |
| 0,000 (job placement grant) |
Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges |
U.S. Labor Department |
3/10 |
| 0,000 (angel investment) |
DesignMedix (Portland)/Lynnor Stevenson |
Oregon Entrepreneurs Network (Portland) |
3/13 |
| ,000 (angel investment) |
WeoGeo (Portland)/Paul Bissett |
Oregon Entrepreneurs Network (Portland) |
3/13 |
Click here to show Capital Raising list in wide format
| REAL ESTATE TRANSACTIONS |
| PRICE |
BUYER / PARENT (HQ) |
REAL ESTATE (LOCATION) / SELLER (HQ) |
ANNOUNCED |
| $3.6M |
Erich Kasch (Vancouver) |
King's Landing Apts (Corvallis)/Charles Stevens (CA) |
3/20 |
| $2.8M |
Glen McClish (CA) |
80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) |
3/3 |
| $1.6M |
Ivy Tree (Portland) |
Ivy Tree Apartments (Portland)/Louis Mayta (Portland) |
3/4 |
| $1.4M |
Northern Aral (NV) |
12,220 sq. ft commercial (Vancouver)/Teresa and David Newton |
3/3 |
| $1.2M |
Stubb Street Properties (Portland) |
19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) |
3/21 |
| $1.1M |
Megra Construction (Portland) |
17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) |
3/20 |
| $940,000 |
Greg Fish (Portland) |
6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) |
3/5 |
| $850,000 |
MLK Growth Properties (Monmouth) |
Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) |
3/21 |
| $810,000 |
William Emery (Portland) |
9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) |
3/20 |
| $725,000 |
Patricia Lawrence (Portland) |
6,400 sq. ft office (Portland)/Generating Equities (Portland) |
3/6 |
| $650,000 |
Oregon Coast Hospitality Investments (Portland) |
The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) |
3/20 |
| $500,000 |
3505 SW Corbett Avenue LLC (Portland) |
6,400 sq. ft office (Portland)/Liza C. Jones (Portland) |
3/20 |
| $500,000 |
Ganesh Sonpatki (Portland) |
5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) |
3/20 |
| $400,000 |
Cliff Poulton (CA)/Poulton Family Oregon (Seaside) |
Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) |
3/24 |
| ND |
Shari's Restaurants (Beaverton) |
Four restaurants (CA)/VICORP Restaurants (CO) |
3/17 |
| ND |
W. Willemstein, C. van der Velde (the Netherlands and Bend) |
Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) |
3/23 |
| CAPITAL RAISING |
| PRICE (TYPE) |
COMPANY (HQ) / LEADERSHIP |
INVESTOR (HQ) |
ANNOUNCED |
| $338M (20-year wind energy investment) |
Eurus Energy America (CA)/Mark Anderson |
Clark Public Utilities (Vancouver) |
3/24 |
| $175.9M (Common stock offering) |
PGE (Portland)/Jim Piro |
Private investors |
3/6 |
| $81.6M (I-205 MAX funds) |
TriMet (Portland) |
U.S. Government |
3/12 |
| $48.6M (Columbia River dredging funds) |
State of Oregon |
U.S. Government |
3/12 |
| $47.4M (Renewed credit facility) |
LaCrosse Footwear (Portland)/Joseph Schneider |
Wells Fargo (CA) |
3/10 |
| $33.5M (efficiency grants) |
State of Oregon |
U.S. Energy Efficiency and Conservation block grant |
3/26 |
| $5.6M (waterfront development funds) |
City of Vancouver |
U.S. Government |
3/14 |
| $5M (credit facility) |
Energy Connect Group (Lake Oswego)/Kevin Evans |
Aequitas Capital Management (Lake Oswego) |
3/3 |
| $2.5 (rail improvement funds) |
Port of Vancouver/Larry Paulson |
U.S. Government |
3/26 |
| $1.6M (green research funds) |
OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel |
Oregon BEST (Portland) |
3/13 |
| $1.5M (construction contract) |
Robert Gray Partners (Tualatin)/Robert Gray |
Mount Angel Abbey (Mount Angel) |
3/24 |
| $1M (job placement grant) |
Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations |
U.S. Labor Department |
3/28 |
| $895,000 (stimulus funds for transportation) |
Clatsop County, Astoria and Seaside |
Oregon Department of Transportation |
3/10 |
| $465,000 (bus funding) |
Sunset Empire Transportation District (Warrenton) |
U.S. Government |
3/17 |
| $300,000 (job placement grant) |
Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges |
U.S. Labor Department |
3/10 |
| $150,000 (angel investment) |
DesignMedix (Portland)/Lynnor Stevenson |
Oregon Entrepreneurs Network (Portland) |
3/13 |
| $80,000 (angel investment) |
WeoGeo (Portland)/Paul Bissett |
Oregon Entrepreneurs Network (Portland) |
3/13 |
|
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