A mini-boom in commercial real estate

Oregon economist Bill Conerly says we are currently under-building commercial real estate, which will lead to a mini-boom. The pipeline of new buildings is thin, so as the economy improves, there will be very little additional space coming to market. Occupancy rates and rents will rise. The resulting increases in operating earnings will cause the mini-boom. However, a true boom requires easy money, which is not part of our future, at least over the course of the upcoming cycle.

Championing micro-hydro development

A bipartisan group of senators, including Sen. Ron Wyden (D-OR), recently introduced legislation that seeks to remove barriers to national hydropower development. The legislation, geared toward fulfilling renewable energy portfolio goals, includes language that would remove regulatory hurdles for untapped conduit hydropower in urban and rural Oregon.

Call center brings jobs to Coos Bay

Remember when Gov. John Kitzhaber told the state’s business leaders that rural and metro Oregon must grow at the same pace? “Creating 15 jobs in Coos Bay,” he said, “is the same as creating 500 jobs in Portland.” Well, Coos Bay just landed 250 jobs.

Orchestra earns a million in six months

It only took Orchestra Team six months to earn $1 million after graduating from regional entrepreneurial incubator Portland Ten’s 10-week training program. The software company started with the petroleum industry, and now is moving into the craft beer market.

ClearEdge gears up for potential IPO

Just $10 million. That’s all the CEO of ClearEdge Power told Senator Jeff Merkley that he needs to transform the Hillsboro fuel cell manufacturer into a billion dollar company. The CEO, Russ Ford, guided Merkley through the ClearEdge plant on Tuesday, showing him a wall ready to be torn down and an assembly line ready to be extended. The renovations could boost capacity from 1,500 units a year to more than 10,000.

Portlandia: Fact or Fiction?

What’s on the mind of Oregon voters?  Pollster Tim Hibbitts of DHM Research attempted to answer this question at a breakfast hosted by the Portland Business Alliance at the Governor Hotel early Wednesday morning.