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US Military attacks Iran, takes out Ayatollah Ali Khamenei. Portland, Eugene et al protest attacks on Iran, Montana politicians back US attacks, Iran vows retaliation, including closure of Hormuz straight.
Office attendance up 4% YoY, US futures open down, Yellowstone National Park celebrate 154 year anniversary, US large company layoffs continue.
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PNW Market Look
As of Market Close 2.27.26
Oil futures open 13% higher on Iran news
US banks face worst sell-off since last April (SpectatorIndex)
American Express down 7%
Bank of America down 5%
Citibank down 5%
JPMorgan down 3%
Goldman Sachs down 7.5%
Wells Fargo down 6%
Morgan Stanley down 7%
Headline Roundup
‘Hurt an entire neighborhood’: Ex-leader sentenced for stealing $100K from Portland nonprofit (KOIN)
Micron Celebrates Opening of India’s First Semiconductor Assembly and Test Facility (Yahoo)
Costco has big plans members need to know (TheStreet)
(OR) TriMet service changes to reduce budget gap now in effect (KGW)
Oregon exports fell by $6 billion last year — the trade war is just one reason why (ORLive)
A recycling company improperly dumped 17 tons of plastic in a landfill. It has millions of dollars in government contracts (ORLive)
(OR) Keller advocates rally behind renovation plan (PBJ)
Providence Oregon CEO Discusses “Joint Decision” With Insurer to Restrict Access to Specialty Care (WW)
Amid a Housing Crisis, Oregon Issues Building Permits for Multifamily Units at the Slowest Pace in 12 Years (WW)
(WA) 335 Federal Way units trade for almost $78M (DJC)
Amazon is no longer Seattle's top employer, but its Bellevue headcount continues to climb (KUOW)
Cardiologists start together careers at Saint Alphonsus in Nampa (IBR)
Nampa theater slated for demolition as developer eyes housing, more commercial uses (BoiseDev)
Micro-hospital CEO says Blue Cross of Idaho allegations ‘categorically false’(IDS)
The Latest: Jerusalem under fire as Trump says fighting in Iran could last ‘4 weeks or so’ (SeattleTimes)
La Grande’s land development code could be getting some changes (LGO)
Small business owners join Wyden in call for return of Trump tariff payments (PBJ)
Oil prices spike as key shipping route disrupted by Iran attacks (Ground)
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Rip’s Spotlight
With median prices at $750K, Bellingham homeownership slips out of reach (CD)
“Our whole life is here, we’ve built a community here, we have jobs we enjoy,” Rodriguez said. “We love living in Bellingham. It doesn’t feel like a big city but it does have a lot of amenities.
the median sale price for a Bellingham home in 2025 was $755,000 and the average sale price was $866,382. That’s compared with $625,000 and $697,949, respectively, in Whatcom County as a whole.
a Whatcom County household in 2025 needed to earn 167% AMI, or $180,591, to afford a median home, assuming a 3% down payment. (A household is considered able to afford a home if only 30% of its total income goes to housing each month.) The barrier to owning in Bellingham is even higher.”
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