Home Back Issues February 2011 Dealwatch February 2011

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

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


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