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Amazon data center in the middle east hit by Iranian ballistic missile, 6 US service members killed in Iran, markets tick up on expectations of calm middle east in future, Portland ranked 57th of 100 hard working US cities, out of town investors buying Portland real estate, Microsoft the worst performing Mag 7 stock YTD, Bernie Sanders et al. advocate for Federal Wealth Tax.
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PNW Market Look
As of market close 3.2.26
Headline Roundup
Paccar to vacate Sea-Tac Airport hangar 5 years early (PBJ)
Last-Minute Amendments Could Determine Who Profits From a Renovated Moda Center (WW)
(WA) Alliance nearing final permits and land sale for Broadstone 200 (DJC)
(WA) Mortenson Q4 report: Nonresidential construction costs holding steady (DJC)
Idaho, other western states impacted by Walmart cottage cheese recall (IBR)
Montana livestock ranchers say foreign workers are needed due to labor shortages (HelenaIR)
California wine giant acquires Oregon brand specializing in white blends (ORLive)
See how far along construction is on Micron’s new Boise plant (IDS)
Amazon’s extreme AI spending sends stock to worst month in years (ST)
Downtown Portland Marriott sells at 63% discount (PBJ)
University gets $1.5M gift to expand downtown Portland campus (PBJ)
Trump’s Case for War With Iran Faces Growing Scrutiny (WSJ)
Trump to drop battle against law firms over punitive executive orders (FT)
For Rivian and Lucid, path finally emerges for direct-to-consumer car sales in WA (WSS)
‘Home hardening’: City of Bend plans to adopt new state residential building code aimed at reducing wildfire risks (KTVZ)
Redfin to show some non-MLS home listings in deal with Compass (ST)
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Rip’s Spotlight
Data centers are cut — for now — from a bill expanding Oregon tax breaks (OPB)
“On Monday, a budget subcommittee approved a change that would block new data center projects from receiving enterprise zone tax breaks until the summer of 2027.
Kotek has said juicing economic activity in Oregon is now a key focus for her administration. But HB 4084, her central proposal during this year’s session, has run into trouble among some in her party.
Last week, the bill was snatched from a budget subcommittee dealing with economic development that had scheduled it for a hearing. According to Sen. Jeff Golden, an Ashland Democrat who co-chairs the committee, that maneuver came after he made clear he would propose an amendment to the bill barring data centers and cryptocurrency mining operations from receiving tax breaks.
“I took that all the way to the top of the food chain,” Golden said in the committee hearing. “The next thing I know, I come here and find that the bill has been removed from the agenda and presumably is being routed elsewhere. My strong judgment is that’s not what the people of Oregon deserve.”
Nathanson’s proposal to pause new tax breaks for data centers emerged over the weekend.”
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