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Portland Business Journal
Portland developer reveals details for $50M luxury wine country hotel
There's often a tension when it comes to hospitality-related development in Oregon wine country, where upscale accommodations that could feed wine industry growth are in short supply but preserving rural character is also a priority.<\p> With a big new project, Portland-based developer SKB doesn't figure to face accusations of paving paradise.<\p>
3,000 nurses ready for Oregon's largest strike. Here's what they want.
More than 3,000 nurses from six Providence hospitals in Oregon are set to strike on June 18.<\p> The Oregon Nurses Association announced Friday that it gave management a 10-day notice of intent to strike, which would be the largest by nurses in Oregon history. The affected hospitals are Providence St. Vincent Medical Center, which is by far the largest, as well as Providence Newberg, Providence Willamette Falls, Providence Medford, Providence Hood River and Providence Milwaukie.<\p>
Winner of Oregon Angel Food 2024 takes home $160K investment
Portland-based Mickleberry Gardens walked away the winner of the 2024 Oregon Angel Food competition, securing a $160,000 check from investors. <\p> The company makes a line of products using raw honey, beeswax, bee pollen and other medicinal plants. It was up against four other companies vying for investment. <\p>
Big deadlines loom for Realtors commission lawsuits
The class-action lawsuits that rocked the residential real estate industry over the last year are barreling toward a possible conclusion — and some big changes in the remainder of 2024. <\p> One of the most important deadlines is Aug. 17, 2024, when the NAR has said it would implement a series of changes as part of its own $418 million settlement agreement over buyer commissions. <\p>
OHSU reveals size of first round of 500-plus layoffs
OHSU served notice on Monday that it is laying off “142 employees whose jobs are being permanently eliminated as part of its annual renewal process.”<\p> Connie Seeley, executive vice president and interim chief people officer, said in a state WARN Notice OHSU “anticipates additional permanent layoffs within the next 90 days."<\p>
'World class' competition announced for Portland's Waterfront Park
A new event will bring fans of skateboarding, music and art to downtown Portland's waterfront this summer.<\p> The inaugural Rockstar Energy Open is a skateboarding competition that will feature elite skateboarders alongside up-and-coming amateur skateboarders at Portland’s Waterfront Park on Aug. 23-25. <\p>
Gen Z cites housing affordability as its top election issue
In the wake of rapid home-price appreciation during the Covid-19 pandemic, housing is playing a bigger role in how Americans vote — among one demographic in particular.<\p> Ninety-one percent of adult Gen Zers said in a recent Redfin Corp. (Nasdaq: RDFN) survey housing affordability is important when considering whom they will vote for in the presidential election this November. Among a list of nine broad political topics, the subject ranked No. 1 for that generation — ranking even higher than the strength of the overall economy, which was the top priority for millennials, Gen Xers and baby boomers. Housing affordability for Gen Z respondents also outranked issues of education, gun rights and abortion rights.<\p>
Oregon's most successful cannabis business makes another big move
Cannabis edibles juggernaut Wyld continues to expand, adding Massachusetts to its roster of markets this week.<\p> The closely held Clackamas-based company, founded in 2016, is now in 13 states and two Canadian provinces. In March, it began operating in Maryland, its first East Coast state.<\p>
Sortis Holdings, Ace Hotel undergo rebrands after tumultuous 2023
Owners of the Ace Hotel in downtown Portland are rebranding it as the Clyde by Kasa, resurrecting a name dead for nearly two decades.<\p> There's a lot of renaming going on. The local group behind the hotel, Sortis Holdings, says it now goes by SOHI Brands.<\p>
Nike alums sell home management startup in all-equity deal
Portland software startup EasyHome, co-founded by Nike innovation alums, has been acquired by Kentucky-based Fixle Inc. <\p> EasyHome created an app that can be used by homeowners and real estate professionals to create a digital twin of a home. This means all the home's details, mechanical systems and appliances are entered into the app and then the software can keep track of maintenance. There is also concierge support to help users book repair professionals. <\p>
Upstart running brand accelerates hiring in Portland
Growing footwear brand On is hiring for several positions at its North American headquarters in Portland.<\p> The company’s LinkedIn page posted more than a dozen full-time jobs over the last two months in several departments. The hiring comes after the Swiss company opened its largest retail space in the U.S. on Portland's Northwest 23rd Avenue and grows rapidly in the region.<\p>
Cuentos De Triunfo brings together Portland Latino professionals
An event in the Pearl District on Saturday will bring together Portland-area Latino professionals for networking.<\p> Local group Juntos PDX will hold its second Cuentos De Triunfo on Saturday from 1:30 to 6 p.m. inside Portland Center Stage at the Armory, 128 N.W. 11th Ave. Tickets are $10 and available here. (Attendees ages 14 and younger get in free.)<\p>
OHSU: Layoffs, Legacy merger necessary for financial stability
OHSU leaders told employees Thursday it would cut staff as it works to shrink its budget amid financial pressures.<\p> "As we continue to navigate a period of significant transformation at OHSU, we want to provide an update on our ongoing Strategic Alignment work, including necessary reductions in workforce," President Dr. Danny Jacobs and other OHSU leaders wrote in the email.<\p>
Portland entrepreneur's next project is safer streets
Portland entrepreneur Tory Campbell is launching a new venture — on top of his existing food manufacturing business Felton & Mary’s — that he hopes will not only make the community safer but help more people get outside. <\p> The startup is called Outside Now and he is building it alongside his 14-year-old son Tillman. The company is designing and building a traffic calming device that consumers can buy to place in the street to alert drivers there are children or other people in or near the street. <\p>
Portland battery manufacturing joint venture gears up with new CEO
Portland-based Daimler Truck North America and partners Accelera by Cummins and Paccar are shifting into gear on their previously announced U.S. battery cell manufacturing joint venture.<\p> The trio said they finalized the transaction to create the JV and dubbed it Amplify Cell Technologies. They also named automotive and manufacturing industries veteran Kel Kearns the CEO.<\p>
Why new housing numbers spell good news for sellers
The median home price in the Portland metro stood at $559,000 in May, rising 1.5% from the same time last year, according to the Regional Multiple Listing Service.<\p> More homes are available than the same time last spring, RMLS reported, reflecting an incremental loosening of the market over the past two years. There was just over two months' worth of inventory available (that's how the industry measures it) in May, so the market remains tight.<\p>
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