PORTLAND-Constructed in 1875, the Downtown federal courthouse is one of the oldest courthouses west of the Mississippi River. The $16.6-millionin funding will help restore the building and protect it from earthquakes.

PORTLAND-The Portland-based truck manufacturer, having already shed 1,850 local jobs and planning to hit 2,500 layoffs soon, is seeking approval of a wind tunnel research lab that would extend into Swan Island Lagoon.

PORTLAND-Originally scheduled for completion at the end of this year, the 148,000-sf project is now fully permitted and nearly twice its original size. As soon as tenants are secured, the listing broker says the building can be up and running in 16 months.

PORTLAND-As the potential for Portland's first recession in a decade grows, very few commercial developers are seeking funds for new construction and the banks are very cautious about lending it out, U.S. Bank vice president Luther Barker tells GlobeSt.com.

PORTLAND-Since joining the company in 1993, Griggs alone has originated finance transactions totaling roughly half a billion dollars, and the finance division as a whole has grown from $69 million in loan production to $329 million in 2000.

PORTLAND-The locally based building products company, which has cut 20% of its staff over the past 18 months, suspends is quarterly dividend and cancels a stock buyback program.

PORTLAND-A new memorandum of understanding between the City of Portland and Paul Allen's Oregon Arena Corp. gives OAC another year-and-a-half to present a specific plan for finally turning the Rose Quarter -- and the aging Memorial Coliseum -- into something more than a seasonal sport and concert venue.

PORTLAND-McCarthy is waiving its fee to renovate the agency's 17,000-sf former video and grocery store at North Lombard Street and Leavitt Avenue. Upon completion, the facility will feature therapeutic daycare classrooms, staff offices, support areas, respite care, and parent resource rooms.