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recession

May 20, 2010

Portland architects still struggling

The Architectural Billings Index last month reached its highest point in two years, but Portland architects say available work is still limited. Larger firms are sustaining themselves with higher education and institutional jobs, while smaller firms are pursuing site plans and storefront renovations.

Dec 14, 2009

Bank approves loan for long-stalled project

A car dealership project that restarted after being stalled for a year could be the first sign of a turnaround for that sector of the private commercial building industry. Construction […]

Dec 9, 2009

Economist: Oregon housing market to improve

An Oregon economist says the state’s housing market will improve next year, though he expects commercial real estate to remain “weak” through 2010. John Mitchell, principal with M & H […]

Dec 9, 2009

Architects cautiously optimistic about 2010 outlook

Economists say Oregon will emerge from the recession next year. But Portland architects aren’t ready to pop open the champagne just yet. At the end of 2008, the American Institute […]

Oct 7, 2009

Portland hotels: plenty of rooms available

They may offer different amenities, charge different rates and cater to different visitors, but all of Portland’s hotels are being affected by the recession. The occupancy rate for the city’s hotels has fallen 12 percent in 2009, in keeping with a national trend in which the hospitality industry expects rough months ahead.

Aug 12, 2009

Economic lull means PDC will take time to plan Burnside Bridgehead

The PDC is looking for assistance in developing a plan for the Burnside Bridgehead project, and has issued an RFP. Because of the recession, PDC and its chosen developer, Beam Development, cannot go forward with the project now. By the time the plan is completed, PDC expects the economy will rebound.

Aug 10, 2009

Illusion of Recovery

State economists caution against reading too much into a couple months of job growth. Construction employment will continue falling until 2011. But contractors differ with the economists.



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