Portland homes lose $9.7B in value
Portland homes lost a value of $9.7 billion in 2011, according to a year-end report by Zillow.
News
Fans line up for Air Jordan XI reissue
Fans of Nike’s sneakers lined up for hours in the cold around the country to get a pair of the Air Jordan XI reissue.
Retailers slashing prices
Massive markdowns before the holidays are good news for procrastinators but could be a bad sign for the retail industry.
Portland startups land investments
Two members of the Portland Incubator Experiment have landed investments—Cloudability and Athletepath.
Foreclosures drop
Statewide foreclosures dropped 32% since October.
UPS business booming for the holidays
Holiday business is booming for UPS branch owner Mark Weaver.
Oregon’s hiring freeze will have exceptions
State managers are creating an exception committee to hear appeals from Oregon agencies that need to hire despite the hiring freeze.
Bank of America to settle discrimination claims for $335M
Bank of America has agreed to pay $335 million to settle federal claims that it discriminated against minority home buyers during the housing boom.
Gresham extends small business fee waivers
The Gresham City Council extended two small business programs for a year.
New EPA rule could affect Boardman plant
A new EPA regulation could prompt Portland General Electric to close its coal-fired Boardman plant earlier than 2020.