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This month we look back at events of July 1989, when Baugh Construction began work on the fifth building of the Lincoln Center in Tigard and Beaverton-based Nike announced net income of $167 million for its latest fiscal year.

July 6, 1989
Riedel rubber company聽 buys major competitor
Riedel Environmental Technologies Inc. has strengthened its position in the rubber railroad grade crossing market by acquiring a Midwest competitor.

Officials of Riedel and its Riedel OMNI Products Inc. subsidiary announced Wednesday OMNI鈥檚 purchase for an undisclosed price of Redhawk Rubber Co. of McHenry, Ill. The Illinois plant joins OMNI鈥檚 operations in Portland, Texas and Pennsylvania.

The 25-employee Redhawk outfit provides the Portland company improved penetration of the Midwest market, said Ron Nutting, OMNI president. The Redhawk product line complements, rather than duplicates, the OMNI line, he added.

OMNI and Redhawk both began producing rubber railroad crossings in 1983. The products are made from rubber particles, chiefly rubber buffings produced from recycled tires.

OMNI has seen its sales increase in recent years, hitting $2.5 million in 1986, $5 million in 1987 and $6.5 million in 1988, said Joe McGuinn, OMNI鈥檚 chief financial officer. The company sells its products across the country, and in Europe, Canada and Australia.

Redhawk also grew, staying ahead of OMNI in some years and topping $5 million in sales in 1988.

Diverse home designs mark Forest Heights project
Enough attention has focused on the extensive size of Portland鈥檚 Forest Heights development 鈥� 2,100 housing units on almost 400 acres 鈥� and its foreign owners from the island of Nauru.
What home buyers should not expect of the massive development is a generic package of homes in the west Hills.

Ten different home designs 鈥� ranging from Mediterranean-style villa to Williamsburg Colonial 鈥� have been created by Moreland Christopher Myles architects for the first phase of Forest Heights. The 10 designs will be used with some variation to build 30 homes in the development鈥檚 first phase of 144 sites, said Pamela Webb, director of special projects for Moreland Christopher Myles. A variety of builders will oversee construction of the housing.

Construction is under way on four homes, and roads are being constructed for the second phase, which will include a mix of single-family and multifamily housing. Forest Heights is being built in seven phases spread out over a 10-year period.

July 10, 1989
Seven-story office tower going up at Lincoln Center
Trammell Crow Co. is adding more fuel to the hot Westside office market with the fifth phase of its Lincoln Center development.

David Blake, a partner with Trammell Crow, said construction is under way on 5 Lincoln Center, a seven-story, 125,000-square-foot Class A office building near the intersection of Highway 217 and Southwest Greenburg Road.

Baugh Construction is the general contractor. MKBT of Dallas, Texas, is the design architect and Ingrim Mills and Associates are the local architects.

A two-level parking structure adjacent to V Lincoln Center also is under construction, Blake said.

Trammell Crow鈥檚 construction near Washington Square joins separate developments planned by Birtcher Frank Properties and Hillman Properties Northwest that will add about 300,000 square feet of office space to the Kruse Way/217 area in the next year, said Craig Reinhart, a broker with Coldwell Banker Commercial Real Estate Services.

July 11, 1989
Nike sprints to another record fiscal year
Nike Inc. on Monday announced record revenues and income for its fiscal year ended May 31, the second consecutive year the Beaverton-based athletic shoe and apparel maker has posted record financial results.
And it probably won鈥檛 be the last year, said one Seattle-based analyst who follows Nike.

Randy Yoakum, vice president and senior investment analyst for Murphey Favre Inc., said he expects fiscal year 1990 to be another record-setting year.

Net income for 1989 was $167 million, up from $101.7 million last year. Per-share income rose from $2.70 in 1988 to $4.45.

Total revenues were $1.7 billion as compared with $1.2 billion last year, a 42-percent increase.

July 19, 1989
鈥楽ister-chamber鈥� pact spurs opportunity
An exchange of gifts Tuesday marked the signing of a 鈥渟ister-chamber鈥� agreement between the Portland Metropolitan Chamber of Commerce and the Ulsan, Korea, Chamber of Commerce and Industry.

Robert Ridgley, chairman of the Portland Chamber, and Suk Ho Lee, chairman of the Ulsan Chamber, signed the cooperative agreement, which builds on the sister-city relationship established between the cities in November 1987. The respective chairmen said the newest pact would boost trade opportunities and grease the wheels of commerce between the two cities.

Under the agreement, the two chambers pledge to help each other stage conferences, exhibitions and trade fairs. They also will support visits of business people, arrange business contacts, promote industrial or purchasing tours and honor letters of introduction.

Other elements include exchanging business publications and training each other鈥檚 personnel in management and operation of both chambers.

Ulsan鈥檚 greatest economic impact on Portland has been as home of Hyundai Co. The Port of Portland serves as a major port of entry for automobiles exported by Hyundai to the United States.

July 27, 1989
Ceremony marks start of high-rise building
Despite some tense moments caused by a glitch during the grand finale of an unveiling ceremony, Hillman Properties Northwest and Tom Moyer successfully launched their joint venture Wednesday 鈥� a 23-story building to be called 1000 Broadway.

The 345-foot-high building will total 440,000 square feet. More than half the building 鈥� about 240,000 square feet 鈥� will be office space; 4,000 square feet will be retail space; 27,000 square feet will be occupied by four movie screens; and 110,000 square feet will be for 312 long- and short-term parking spaces.

Grubb & Ellis is the exclusive leasing agent for the project. Hoffman Construction Co. is the general contractor. BOORA Architects is the architect.

鈥�91视频 Archives鈥� is a collection of excerpts from past issues of the 91视频 that runs the third Tuesday of each month. Article excerpts are reprinted exactly as they appeared at the time of publication. Share your own memories of Portland鈥檚 built history by contacting Theresa McKinlay at [email protected].