Boeing, First & Main top April 2011's Dealwatch list

| Print |  Email
Articles - April 2011
Wednesday, March 23, 2011
Big deals of the month.
  1. Boeing has won a $35 billion deal with the U.S. Air Force to build 179 refueling tankers, replacing the Eisenhower-era KC-135s with a military version of the 767 jetliner. Oregon workers stand to benefit, as Boeing works with more than 300 vendors in the state, and 300 jobs will be added to the Gresham operation. The deal is pending appeals from the European Aeronautic Defense and Space company.
  2. Northwest Natural Gas has announced it would invest $250 million to develop gas fields in Wyoming with the Canadian gas company Encana. The company expected the venture would save ratepayers about $50 million and provide long-term supply for more than 30 years. The Oregon Public Utility Commission must approve the deal, and a hearing was expected by late April.
  3. The $129 million purchase of Portland's First & Main by a San Diego-based real estate investment trust marked the biggest closing price ever for a downtown building. One week after contracting to buy the building from San Francisco-based Shorenstein Realty Services, American Assets Trust paid $353 per square foot, funded by proceeds from its initial public offering. American Assets will reportedly manage the 364,735-square-foot tower, which is 16 stories.
  4. The U.S. Department of Energy has finalized a $96.8 million loan guarantee to U.S. Geothermal, based in Boise, for a project in Malheur County. The guarantee, funded by the 2009 stimulus bill, will allow construction of a 23-megawatt geothermal power plant known as Neal Hot Springs. The plant will create about a dozen jobs, with another 150 jobs expected for construction.
  5. The Arizona-based company ON Semiconductor has announced it will invest in a $30 million upgrade and expansion of its 83-acre Gresham facility. It will increase chip production by more than 45% and enable production of 110-nanometer to 250-nanometer semiconductors.
COREY PAUL
 

More Articles

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


Read more...

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


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 its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend 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...

5 things to know about veterans in the workforce

The Latest
Wednesday, July 01, 2015
070215-vetsthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are more than 10 million former military members working in the United States.


Read more...

Business partnerships: taming the three-headed monster

Contributed Blogs
Monday, July 06, 2015
070615-businessmarriagefail-thumbBY KATHERINE HEEKIN | OB GUEST COLUMNIST

Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.


Read more...

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...

Oregon needs a Grand Bargain energy plan

Linda Baker
Monday, June 22, 2015
0622-gastaxblogthumbBY LINDA BAKER

The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.


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