Portland Hits a High Point

spring with construction projects in and around the downtown core area. Beyond the boom in new and remodeled commercial buildings, Portland is getting a facelift on its infrastructure as well with TriMet projects and Portland’s Eastside Combined Sewer Overflow project. Full List >>

Top Contractor Revenue Hits All-Time High

Revenue for the Top 10 contractors in the Northwest Construction Survey totaled $5.1 billion, the highest total since the survey began in 2001. Huge projects like the $292 million Portland Airport Parking Garage for Hoffman Corp., Portland; the $144 million 2200 Westlake project for Turner Co., Seattle; and the $120 million Sheraton Hotel for Skanska USA Building, Seattle were some of the projects that boosted the total for 2007. Full List >>

Succeeding at Succession

Ask most contractors why they work so hard at building their business, and the reply will be along the line of “I want to leave something for my family.” The irony is that only 30% of construction firms will stay in family hands after the founder leaves the helm. Of the firms that make it to the second generation, no more than12% will pass into the third, and by the time the fourth generation comes along, only 4% of those original 100 businesses remain in family hands. Full List >>