Dealwatch February 2011

| Print |  Email
Articles - February 2011
Thursday, January 27, 2011
  1. A Silicon Valley solar company announced its plans to build a $340 million photovoltaic manufacturing plant in Wilsonville. The company, SoloPower, expects to eventually employ about 500 people and reach a capacity of 300 megawatts. The company is seeking a $20 million tax credit and a loan for another $20 million from the state. There are also local incentives and the possibility of a federal loan guarantee.
  2. OneCalifornia Bank completed the acquisition of ShoreBank Pacific, based in Ilwaco, Wash., with a large presence in Portland, from the Chicago-based ShoreBank Corp. Touted as the nation's first bank focused on sustainability, ShoreBank Pacific had $190 million in assets and 30 employees when the deal was announced. The new entity will have about $300 million in assets.
  3. Gerding Edlen Development Co. transferred the Bellevue Towers to lenders, a consortium led by Morgan Stanley. The Portland real estate developer saw just 118 of the tower's 539 units sell since they were built two years ago with a $275 million loan. The towers, east of Seattle, are the region's biggest condo project ever.
  4. Portland shipbuilder Vigor Industrial announced it will acquire Seattle's Todd Shipyards Corp. in a $130 million cash deal. Todd employs about 800 people. Vigor offered $22.27 a share, a 31% premium over its average share price over the previous three months. The combined company of about 1,800 employees will be the largest marine services company in the Pacific Northwest.
  5. Beaverton Foods bought Pacific Farms, a wasabi grower originally based in Florence, for an undisclosed price. The acquisition makes the 80-year-old family-owned manufacturer of horseradish and specialty mustards the largest processor of wasabi products in the nation.
COREY PAUL
 

More Articles

Farm in a Box

July/August 2015
Friday, July 10, 2015
BY JACOB PALMER

Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.


Read more...

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


Read more...

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Wildcards

Guest Blog
Tuesday, July 28, 2015
072815fergusonthumbBY JASON NORRIS

Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...

Ranking the airlines that fly PDX

The Latest
Friday, August 14, 2015
airlinesthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS