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Portland Business Journal
Food cart owner wants out of Block 216 food hall contract
A vegan food pod contractor who planned to move into downtown Portland wants to terminate her contract with Block 216’s Flock food hall and recoup her team’s security deposit. Jordyn Kelso and her business partners at Grass Fed — made up of Stoopid...
Adidas names WNBA legend as head of women's basketball
WNBA legend Candace Parker will be the new head of women's basketball at Adidas, the company announced Wednesday. Parker, a three-time WNBA champion and the only rookie in league history to be named MVP, recently retired from the WNBA after more than...
Intel shares slide after U.S. revokes Huawei chip-sale license
Intel acknowledged Wednesday morning that the U.S. was revoking "certain export licenses of consumer-related items to a customer in China" — Huawei Technologies, according to widespread reports. "As a result, the company expects revenue for the second...
Portland has a new No. 1 residential real estate firm in rocky market
Residential real estate in the Portland metro area, like most of the country, has remained in somewhat of a holding pattern, with potential sellers reluctant to lose their low-interest mortgages from a few years ago and buyers finding their buying power...
Portland college lays off staff as it merges with California school
Portland-based religious school Multnomah University has laid off its staff as it merges with a California college. Multnomah University said 81 staff positions would be eliminated, but the affected employees are all expected to be hired by Jessup University...
What businesses need to know about Wheeler's $8.2B budget
Last week, Portland Mayor Ted Wheeler proposed a 2024-25 draft budget of $8.2 billion — $1 billion more than last year’s. The budget provides funding for priorities for businesses and public health and safety as the city works with a budget shortfall. Here...
A linchpin Oregon banking advocate prepares to retire
The Oregon Bankers Association will have a new leader for the first time in nearly 28 years. Linda Wilhelms Navarro is retiring in July from her president and CEO post. The group revealed Navarro's retirement for the first time to the general public...
Longtime Waterfront restaurant closes as owners seek downtown space
Bambuza Vietnam Kitchen is closing its longtime South Waterfront location while its parent company looks for a new downtown Portland location to boost its presence in the city's core. The restaurant will hold a closing celebration at the 3682 S. Bond...
BizSpotlight: Breakaway Bookkeeping + Advising
At Breakaway, we believe your accounting partner should be a friendly, trusted advisor who knows you, knows your business, and knows your community. At the end of the day, it’s not just about making sure the numbers balance. It’s the surety that...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
Restaurant Roundup: ex-Tusk chef's new gig, a Kann collab and more
We start this roundup with news of a new chef at a young Northwest Portland restaurant. Chef William Wells, previously of Mediterranean hotspot Tusk and pizza spot Cicoria, is the new executive chef at Zula. The family-owned Mediterranean restaurant...
NW Natural CEO takes swipe at renewable electricity
The CEO of NW Natural (NYSE: NWN), the region's biggest natural gas utility, took a little dig at renewable electricity during the company's first-quarter financial results call on Monday. David Anderson said that when a spate of winter weather hobbled...
Burgerville over the years: CEO change, a union contract and Covid
The acquisition of a major ownership stake in Burgerville, announced last week, was the most significant recent development for the Vancouver burger chain. But the company's last few years have included a CEO change, a historic union contract, store...
BizSpotlight: Banner Bank
Tips from Banner Bank If you’re looking to buy or sell a business, it’s worth considering if your transaction qualifies for a Small Business Administration (SBA) loan. With SBA financing, the bank provides a long-term loan at reasonable rates...
BizSpotlight: Riverside Payments
We’re proud to provide businesses nationwide with cutting-edge payment solutions and award-winning customer support. This year, we’re not only celebrating our 10-year anniversary, but also some major achievements! We’ve been honored by Inc....
BizSpotlight: Cascade Equipment Leasing
Cascade Equipment Leasing is your one-stop shop for a seamless and efficient equipment leasing experience. We leverage our industry-leading platform and our continued commitment to exceptional customer service to provide comprehensive, fast, and professional...
BizSpotlight: Virtual Supply
Virtual Supply, located in Beaverton, Oregon, is a national wholesale distributor and strategic fulfillment partner for online and brick and mortar retailers. The company’s legacy spans as far back as 1927, when the company began its start selling...
5 Portland office leasing stories to watch in 2024
The slow march of rising office vacancy rates continues in downtown Portland. But brokers, tenants and landlords are still making deals in and around the core. Here's a look at the past few months of headlines, which will bear out in the coming months. 1)...
Serena Williams-backed Portland startup acquired by Austin firm
Supplement startup Wile, a 2024 Startup to Watch, has been acquired by Austin-based Nameless CPG for an undisclosed amount. Detailed terms were not released but investors in Wile, which had raised $3.8 million in total, will receive a stake in Nameless...
Health care unionization wave adds Portland-area lab workers
More than 434 lab workers employed by Labcorp of America (Nasdaq: LH) but who work at Legacy Health facilities have voted to form a union. In an election in early May, 434 workers voted to join the Oregon Federation of Nurses and Health Professionals,...
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