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Portland Tribune LOOK FOR INVITATIONS TO BID AND PUBLIC NOTICES STARTING ON PAGE 13 HERE COME THE BANKERS APRIL 12, 2016 VIEW FROM THE TOP BY JULES ROGERS Business Tribune INTERIOR DESIGN: PAM TREECE: SUSTAINABLE HOW THE WEST SUDDENLY SEXY SIDE WON MATHLEAP MIKE THELIN: TUTORING APP INSIDE FOOD & DESIGN 2 BUSINESS TRIBUNE Tuesday, April 12, 2016 550002_041216 BT Tuesday, April 12, 2016 BUSINESS TRIBUNE 3 TOP DIGS MORGAN STANLEY IS LOVING THEIR SPACE NEAR THE TOP OF THE NEW PARK AVENUE WEST TOWER ne of Portland’s biggest banks packed up and moved last week — across the street. Morgan Stanley boxed up its Portland of- Ofi ce last Friday and moved from the Fox Tow- er to the newly completed Park Avenue West sky- scraper in the Central Business District, a pre-recession project BY JULES that is now nearly complete. The Business Tribune took a ROGERS tour with George Kane, Oregon Complex Director at Morgan Stanley. Kane said the space is a good fi t because al- though narrow (for a skyscraper), it’s spacious enough to fi t Portland’s entire Morgan Stanley staff and the Smith Barney staff, which it bought in 2013. “We were able to fi nally combine these two great of- fi ce cultures into one location,” Kane said. “We wanted to bring those together at a time when we could fi nd an absolutely fantastic building.” In Park Avenue West, the fi rst two fl oors are retail space, the next 15 house apartments and the top 13 fl oors are occupied by commercial offi ces. Morgan Stanley’s suite is on the 20th and 21st fl oors. To get there, travel up in a smart elevator. Use a touchpad to select your offi ce suite destination and an elevator is assigned to take you straight there. It’s the latest technology, with 1,000 feet per minute of vertical speed — 300 feet faster than any other ele- vator in Portland, according to the developers, TMT Development. Morgan Stanley waited two years to get this spot, and didn’t disclose how much it paid for the lease agreement. “Number one is the newness, the design is built out to be comfortable to the tenants and the tech upgrades TRIBUNE PHOTO: JAIME VALDEZ ON THE COVER: George Kane, Oregon Complex Director at Morgan Stanley, stands in his corner offi ce in the brand new Park Avenue West CONTINUED / Page 4 skyscraper. ABOVE: Park Avenue West offers tenants and residents proximity to Pioneer Park, lots of shopping and restaurants. 4 BUSINESS TRIBUNE Tuesday, April 12, 2016 George Kane, Oregon Complex Director at Morgan Stanley, opens the door to one of the smaller meeting rooms at Park Avenue West skyscraper. TRIBUNE PHOTOS: JAIME VALDEZ ■ From page 3 to drive effi ciency. “The layout is going to support PARK AVENUE WEST that we were able to enhance into an open, easy communication with ■ A third the height of the this building, those would be the A state-of-the- everybody,” Kane said. “It’s a Empire State Building (The three” best things about relocating art keypad brand new, modern design build- Empire State Building is 1450 feet above grade) his whole offi ce there, Kane said. reduces time ing ... they’ve really built this to be He appreciates the tenant ame- a very effi cient building and it’s ■ Park Avenue West is spent waiting on 505 feet tall nities such as parking, carpool the elevators, been something we’ve been antici- parking and the gym downstairs pating.” ■ Fourth-highest skyscraper in which are the Portland with lockers. While the most im- The conference room, which can latest ■ Nearly 3,000 jobs created portant aspect of his new offi ce is seat 55 employees, has a giant technology and ■ Around 250 people onsite the open communication channels travel at 1,000 screen across the wall for video every day until completion provided by windows all the way chat with distant colleagues in- feet per minute ■ Residents to start moving in around from the carpet to the ex- stead of fl ying them in. All of the of vertical January 2016 tra high ceiling, the natural light artwork hanging on the sparse speed. www.parkavewestpdx.com fl ooding the fl oor is probably sun- wall space between windows de- ■ 6 levels of below ground park- nier than it is down on street level picts Oregon landmarks, including ing, 60 feet deep and 2 feet grabbing a milkshake from Ele- “The other offi ces had some- While individual offi ces line the Crater Lake, the mountains and above sea level phants in the Park. what of a satellite feel internally windows, the inner center of the recognizable downtown streets ■ The narrowest high-rise “full- Kane admits to taking hundreds — one team here, another one in a building has room for more cubi- painted by local artists. block” building in downtown of pictures of the sunrise to send different part of the building — cles, desks, a lobby and a break “The number of complaints and Portland, a mere 95 feet and 6 inches. to his mother. On a clear day, the right here it’s a very continuous room with cafe-style booth seat- people upset about the move is view all the way to Mt. Saint Hel- space,” Kane said. “Walk around ing. Because using offi ce space to very few,” Kane said. “It’s going to ens ends only directly below the and see it’s in some ways a very store print documents and books work out great.” building, where the zero-edge win- traditional layout with really isn’t needed anymore, designers dows drop straight down. state-of-the-art technology.” laid out the modern, narrow space [email protected] PRESIDENT ADVERTISING PUBLIC NOTICES MANAGER CIRCULATION REPORTERS WEB SITE Business J. Mark Garber Schadia Newcombe Marc Caplan MANAGER Joseph Gallivan pamplinmedia.com/ business-tribune Tribune [email protected] [email protected] Kim Stephens [email protected] EDITOR AND Jules Rogers CONTACT B2B PRODUCT DEVELOPMENT PUBLISHER PUBLIC NOTICES AND CREATIVE [email protected] [email protected] Vance W. Tong & MARKETING MANAGER LEGALS ASSISTANT SERVICES MANAGER Craig Bollen [email protected] Kristine Humphries Cheryl DuVal DESIGN PortlandTribune VICE PRESIDENT [email protected] Keith Sheffi eld, Lyndsey Hewitt OFFICES Brian Monihan SALES REPRESENTATIVE 6605 S.E. Lake Road Betty Oden PHOTOGRAPHERS Portland, OR 97222 [email protected] Jonathan House, Jaime Valdez 503-226-6397 (NEWS) Tuesday, April 12, 2016 BUSINESS TRIBUNE 5 A westside economy that thrives for the whole state n the 1980s, two forward-think- transportation, 18 babies are delivered in the four Dettmer, Chief Operating Offi cer of together so effectively. Whether it ing organizations looked into land use, hous- Pamela Westside hospitals; four new com- the Kaiser Permanente Westside is road projects, affordable hous- the future and saw a growing ing, taxes and panies and 24 new jobs are created; Medical Center, shared informa- ing, emergency response or land Ipopulation and a need for a other econom- Treece 23 passenger vehicles are regis- tion on the impact of health care use issues, our Westside mayors, healthy economic climate on the ic development tered at the DMV; and Tualatin on the Westside. county commissioners and Metro Westside. issues. These Valley Fire and Rescue will re- Dettmer said the Kaiser Perman- councilors tackle diffi cult problems One of those organizations was discussions spond to 100 new emergency calls. ente Westside Medical Center de- and continually work toward com- the Sunset Corridor Association, lead to collabo- Chair Duyck talked about the livers medical care to more than promise. It is not common to see which was referred to as “the ration, part- economic strength of Washington 50,000 patients annually. In De- the level of cooperation between granddaddy of private-sector re- nerships and County and how it impacts the re- cember, Kaiser Permanente elected offi cials that we see in gional organizations,” and the oth- consensus on gion and the state as a whole. At opened the Regional Contact Cen- Washington County; our business- er was the Tualatin Valley Eco- economic de- the beginning of the program, each ter in Hillsboro, which houses all es and our communities benefi t nomic Development Corporation, velopment pol- WESTSIDE guest received a newly minted Or- of the region’s appointing, advice from that cooperation. which was known as a “builder of icies in the re- egon quarter as a symbol of anoth- nurse, and regional telephonic Oregon is an income tax depen- bridges” between the business gion. ECONOMIC er compelling economic fact about medicine services. The company dent state. It needs the income tax community and the public sector. Just last ALLIANCE our region — their quarter repre- also added fi ve clinics and four from jobs in the state to support its In 1998, the two organizations month WEA sented the percentage of each dol- dental offi ces on the Westside, public services such as education, merged to form what is now known hosted its an- lar of revenue generated in Wash- making the organization’s total police and social services. By as Westside Economic Alliance or nual “State of ington County’s economy by Intel, Westside employment 2,600. keeping our economy healthy and WEA. WEA has maintained the Washington County” Breakfast Fo- the largest private employer in the So what do we need to continue promoting a business friendly en- attributes of its predecessors, rum at Intel’s Ronler Acres campus state, and its supply chain. to thrive and to meet the demands vironment, it benefi ts all Orego- while maturing into an advocacy in Hillsboro.
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