Lloyd Center to receive $50M redo
Dallas-based Cypress Equities, which purchased the mall last year, will spend $50 million on the two-year remodel.
Pfizer results beat estimates
WSJ: The pharmaceutical giant posted earnings of $2.91 billion, or 45 cents per share.
Study: Running reduces risk of death
TIME: A new study published in the Journal of the American College of Cardiology shows that running—even slowly—greatly reduces the risk of a cardiovascular-related death.
Zillow to acquire Trulia for $3.5B
NYT: The online real estate listing website will purchase its competition, Trulia, for about $3.5 billion in stock.
Dollar Tree to buy Family Dollar
WSJ: Dollar Tree will acquire the struggling discount retailer in a cash-and-stock deal valued at about $8.5 billion.
Nike paid Phil Knight confidant $1.525M
The sports apparel company paid Howard Slusher $1.525 million for his management of Nike’s World Headquarters expansion.
Gov. Kitzhaber oil train safety report sees statewide problems
The Oregon governor released a review urging the state to institute a fee on rail cars moving oil and other hazardous material to fund oil train safety preparedness.
New concept revealed for third Columbia River bridge
The proposed bridge would cross the Columbia River at SE 192nd Avenue and Highway 14 in Washington, cross Government Island and connect to NE Airport Way in Oregon.
Seattle real estate firm buys Oregonian building
Urban Renaissance Group is buying the newspaper’s former headquarters on SW Broadway.
Long-time Portland retailer leaves West End
CounterMedia, the 20-year-old independent book seller, is leaving its location on SW Oak Street.