Free Newsletter
Arthur Mutal set to save Cornelius Hotel from wrecking ball
Demolition permits were issued in June, but the historic Cornelius Hotel in downtown Portland won鈥檛 be razed. Portland-based Arthur Mutal Investments LLC is purchasing the 105-year-old building (at 801 S.W. Alder St.) with plans to redevelop it into multifamily housing.
Uprise: Portland market supporting tower projects
Park Avenue West, a planned 30-story tower, became a symbol of the recession when it stalled in 2009. But with new financing in place TMT is resuming its $175 million project. At least seven other high-rise projects are in the works in Portland. Institutions are pursuing opportunities, and lenders are recognizing the market's strength.
Stoel Rives back on board as Park Avenue West anchor tenant
Stoel Rives LLP, one of the largest law firms in Oregon, is committed to a 15-year lease for the top nine floors (approximately 131,000 square feet total) of TMT Development's Park Avenue West. The firm in 2008 was slated to occupy 157,000 square feet in the mixed-use tower, but the recession squashed those plans.
Park Avenue West construction resumes in downtown Portland
After four years of inactivity at the Park Avenue West project site, builders are back. TMT Development's $175 million mixed-use tower project stalled in 2009 in the wake of the recession, but officials on Friday announced that a construction loan has been secured from Pacific Coast Capital Partners LLC.
Park Avenue West site work may restart soon
TMT Development plans to mobilize crews at the Park Avenue West site in downtown Portland within the next few days for cleanup and prep, according to a planner with the Bureau of Development Services.
Park Avenue West鈥檚 latest design draws appeal from labor union
Labor union SEIU Local 49 has appealed an updated design for the Park Avenue West tower project in downtown Portland because it will lack affordable housing.
Developer of Park Avenue West project entangled in family feud
Downtown Portland's Park Avenue West project may come under greater scrutiny because of a legal dispute between TMT Development President Vanessa Sturgeon and more than a dozen relatives.
Mason-Ehrman Building gets LEED gold rating
The historic Mason-Ehrman Building 鈥� a landmark in the Old Town/Chinatown neighborhood 鈥� recently received a Leadership in Energy and Environmental Design gold rating for operations and maintenance of an existing building.
Let’s save the giant baby-faced deer statue!
The Oregonian's Molly Harbarger was the bearer of bad news today: the giant baby-faced deer statue, a project in consideration as a "public art" portion of the Portland-Milwaukie Light Rail project, has been killed. Apparently the artist had to back away, so a plaza in unincorporated Clackamas County has been deprived of "Rebirth's" disturbing fantastical whimsy.
One Waterfront Place may be ready before Park Avenue West, broker claims
TMT Development added some certainty to its big hole in the ground last week, announcing that construction on the Park Avenue West office tower would resume... though likely not before 2013. That leads us to ask... what's happening with Portland's other long-unbuilt office tower, One Waterfront Place?
Park Avenue West will move forward in 2013
TMT Development has announced that in late 2013 work will resume at Park Avenue West, a downtown Portland high-rise project that stalled more than two years ago.
Park Avenue West restarting in 2013
It's the news today: work will re-start at the hole-behind-Nordstrom in 2013!
News
- $960,000 office renovation in Portland building permits | Aug. 10, 2026
- Two projects in historic districts in Portland land use review intakes | Aug. 10, 2026
- Multnomah County commits up to $101.6M for Moda Center
- Portland code changes to take effect in November
- Los Colibris project approved for Portland’s OMSI District
- Pacific Northwest projects totaling $9.9 million in top bidders | Aug. 7, 2026
- Oregon opens infrastructure grant program
- Ex-TV host claps back at Detroit officials in blight case
- 31-unit multifamily project in Portland land use review intakes | Aug. 3, 2026
- $2.4 million office renovation in Portland building permits | Aug. 3, 2026
- Transportation commission weighs ODOT budget cuts
- Lam Research planning $1.7 billion investment in Tualatin
Commentary
- Expecting a big bang but witnessing only a whimper | Opinion
- Beware of when the debt collector comes calling | Opinion
- Assembly of a future workforce begins with an invitation | Opinion
- Beware of overlooking legal requirements for remote workers | Opinion
- Become a critical thinker and transform a workplace | Opinion
- Managing construction risks with international suppliers | Opinion
- A rally with many engines: the lesson of 2026’s first half | Opinion
- Oregon housing challenges persist despite sound and fury | Opinion
- When does an employee’s bullying become harassment? | Opinion
- Ditch disorganization 鈥� the cost of deferred decisions | Opinion
- Consider 10 common risks for healthcare construction projects | Opinion
- Clarifying the reach of a law regarding prevailing wage | Opinion
