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US announces new tariffs on Brazil, semiconductor stock sell off continues, Nike runs out of soccer jerseys, Bend joins Oregon’s 10-year enterprise zone program, Auburn shopping center acquired for $69.5M, more than 8,000 lighting strikes hit Oregon and Washington in last 24 hours sparking many small fires.

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PNW Market Look

As of market close 7.16.26

Headline Roundup

Madras buying back Initiative Brewing property; Brewery still owes hundreds of thousands (COD)
Oregon to collect $576K from 23andMe in data breach settlement (COD)
Home Forward Said Its Budget Shortfall Had Improved. That Was Wrong, Agency Now Says. (WW)
Data 1 building in Fremont keeps Salesforce as key tenant (DJC)
KeyBank awards $20,000 grant to Nampa youth empowerment program (IBR)
Salem Takes Another Look At North Waterfront Redevelopment Plans (SBJ)
Idaho Lottery returns record $90 million dividend to state (IDP)
90-year-old Boise business acquired by Minnesota firm (BD)
City of Bend Adopts Resolution Authorizing Participation in Oregon's 10-Year Enterprise Zone Program (COB)
Central Bend business owners reject economic improvement district (BB)
Boise lines up $1.75M State Street purchase for affordable housing (IDS)
Why Microsoft’s $80 Billion Xbox Bet Backfired (WSJ)
Relief from energy bills unlikely as utilities request billions in rate hikes (WSS)
Boston investor buys Haggen-anchored shopping center in Auburn (PBJ)
First Interstate BancSystem (NASD: FIBK) trust plans 20,000-share sale (ST)
$100M retail, aquatic center opens, Trader Joe dreams. June business news (TCH)
Sold-Out IRONMAN Expected to Bring $11.3 Million Into Salem Region (SBJ)
Starbucks defeats shareholder lawsuit over US, China sales declines (Reuters)

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Community Highlight

Washington resets the rules for condos and common interest communities (DJC)

“Washington's common interest community laws are undergoing their most significant overhaul in decades. Beginning Jan. 1, 2028, every existing condominium, cooperative, homeowners' association, and planned community in the state will be governed by a single statute: the Washington Uniform Common Interest Ownership Act (WUCIOA). This shift replaces the longstanding patchwork of separate statutes with a unified legal framework, fundamentally reshaping the rules relating to governance and operation of existing communities.

The central focus of these reforms is the introduction and expansion of an alternative to Washington's traditional condominium implied warranty regime, which has long been viewed as a barrier to condominium development. Historically, the implied warranty standards created significant exposure and litigation risk. Recent legislation now allows developers to opt out of those warranties if they provide an express, insured warranty that meets statutory requirements. As of June 2026, this option applies to condominium buildings containing 12 or fewer units and four or fewer stories.”

Rip’s Spotlight

Vancouver homeless shelter expected to be Clark County’s largest once it opens (OPB)

“Vancouver declared a homelessness emergency in 2023. Since then, the city has ramped up funding to expand shelter capacity, homeless services and pathways to permanent housing. The Bridge Shelter is a key part of this strategy. Once it opens, it’s expected to be the largest shelter in Clark County. It will not allow children, though recent surveys show families with kids are increasingly experiencing homelessness in the region.

The shelter consists of two main buildings. One is a dormitory that will include congregate beds separated by gender, a hallway of single-stall bathrooms and showers and several beds for couples. The second building is more of a common space and multipurpose room that will house a commercial kitchen.

“ The goal is permanent housing for everyone,” Spinelli said. “We want a home for everybody, whatever that looks like for them.”