Sponsored by Lane Powell

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

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

Urban renewer

Linda Baker
Wednesday, June 24, 2015
UnknownBY LINDA BAKER   

One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.


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...

Store Bought

July/August 2015
Friday, July 10, 2015
BY LINDA BAKER

Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.


Read more...

Stemming the tide of money in politics

Linda Baker
Wednesday, June 10, 2015
 jeff-lang-2012-thumbBY LINDA BAKER

Jeff Lang and his wife Rae used to dole out campaign checks like candy.  “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Brain Storm

July/August 2015
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA

Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?


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