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Bend-based Humm Kombucha has received its first institutional investment of $10 million from San Francisco-based VMG Partners. The company employs approximately 50 workers and will use the funds for expansion. Humm makes fermented tea in a 40,000 sq ft production facility. Their product is available in all 50 States. Costco in the Northwest and the Southeast carry the brand. (PBJ)

 

Homebuilding slowed for the third straight month in May, with housing starts falling by 5.5%. Home construction is still 3.2% higher year-to-date. (AP)

 

Consumers are less optimistic than expected in June. The University of Michigan's Consumer Sentiment Index dropped to 94.5 in June (Reuters).

 

A executive order on drug pricing could come out his week.The order may trigger volatility in drug stocks. Healthcare has somewhat quietly-produced the second best sector return year to date (+13.6%). (LPL Research)

Moda Health Plans has sold its Old Mill office building for $25.5 million or $289 per square foot. Moda completed the 88,229 square-foot building in 2008, and 105 employs there. (Bulletin)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.