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AECCommercialIndustry NewsPortland

Trail Blazers Owners Select PCL Construction for Moda Center Overhaul

Trail Blazers ownership taps PCL Construction, ENR's No. 14 U.S. contractor, to lead the proposed $573MM Moda Center renovation.

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AECCommercialIndustry NewsPortland

Portland Council Lines Up Albina Vision Trust for 10 City-Owned Rose Quarter Parcels

Portland's council has tied the future of ten publicly owned parcels around the Moda Center to a single nonprofit, starting a 12-month clock...

Portland
AECCommercialFinanceIndustry NewsPortland

Portland Council Pledges $120MM Toward $600MM Moda Center Overhaul to Keep Blazers

Wednesday's vote sets the stage for months of high-stakes bargaining with the Trail Blazers' new ownership, whose rocky start with City Hall has...

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AECFinanceIndustry NewsPortland

Multnomah County Commissioners Float New Funding Path for Moda Center’s $600MM Overhaul

Two Multnomah County commissioners are pushing to fund the county's entire $88 million capital pledge for the Moda Center renovation through an existing...

REI, Portland, Pearl District
AECCommercialIndustry NewsPortland

Mortenson’s Portland Chief Presses Case for Public-Private Deals as $573MM Moda Center Package Stalls

Mortenson Vice President and General Manager Mike Clifford, whose firm built two of the region's marquee public-private projects, argued in a Portland Business...

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AECCommercialFinanceIndustry NewsPortland

Blazers Owner Dundon Refuses Private Cash for $600MM Moda Center Overhaul as Portland’s August Deadline Nears

New Trail Blazers owner Tom Dundon told a record Portland Metro Chamber crowd that he will not contribute private money toward the Moda...

Skyline of Portland, Oregon
AECCommercialFeaturedFinanceIndustry NewsPortland

City Study Pegged Moda Center Needs at $505MM as Trail Blazers Seek $600MM in Public Funds

A city-commissioned facility assessment found the Moda Center needs $505 million over 20 years to remain operable, well below the $600 million public...

Aerial View of Portland, Oregon at Dusk on a cloudy Day
AECCommercialFeaturedFinanceIndustry NewsPortlandResidential

Kotek Signs $365MM Bond Bill for Moda Center, Pressures Portland Council on $400MM Share

Oregon's governor wants the city's funding commitment locked in by early summer to keep the Trail Blazers tied to the 31-year-old arena through...

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FinanceHospitalityIndustry NewsPortland

168-Room Hotel Eastlund in Portland Hits Market for Receiver Sale

Convention-adjacent boutique asset tests investor appetite as Portland’s lodging market seeks firmer footing As Portland’s hospitality sector works through a post-pandemic reset, one...

Skyline of Portland, Oregon
AECCommercialFinanceIndustry NewsPortlandResidential

Portland’s 1803 Fund Commits $70MM to Albina District Redevelopment

Acquisition of grain terminal and Low End properties targets economic renewal in historically Black neighborhood Portland-based 1803 Fund has announced a nearly $70...

Skyline of Portland
AECHospitalityIndustry NewsPortlandResidential

From Police Stables to Dance Floor: Developer Eyes Pearl District’s Historic Waterfront Site for Entertainment Venue

A Vancouver, Wash. entrepreneur proposes transforming Portland's former Mounted Patrol facility into a restaurant and nightclub, even as a larger mixed-use project moves...

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FinanceIndustry NewsPortlandRetail

KKR Acquires 143,000 SQFT Former Sears Anchor Property in Portland for $9.1MM as Lloyd Center Redevelopment Advances

143,000 SQFT property completes private equity firm's control of Portland mall site The transformation of aging shopping centers into mixed-use developments continues to...

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