Business Archives

205-unit Outlook at Pilot Butte apartments in NE Bend sold by Seattle owner to San Diego LLC for $57.5 million

February 20, 2024 11:24 am KTVZ News Partners

PORTLAND, Ore. (KTVZ) — CBRE announced Tuesday the sale of Outlook at Pilot Butte, a 205-unit multifamily community in Bend, to a new owner for $57.5 million. CBRE’s Josh McDonald, Joe Nydahl and Phil Oester represented the seller, Seattle-based Security Properties. While the real estate firm did not disclose the buyer, Deschutes County property records list the purchaser as

Alaska Airlines partners with Seattle brewer for its first custom craft beer, ‘Cloud Cruiser’

February 20, 2024 10:42 am KTVZ News Partners

SEATTLE (KTVZ) — Alaska Airlines said Tuesday it is now serving its first-ever custom craft beer exclusively brewed for the carrier by Seattle-based Fremont Brewing. Alaska’s newest IPA will be offered complimentary in First and Premium Class, for purchase in the Main Cabin and served in select Lounges. “The ‘Cloud Cruiser’ is the result of

Oregon’s average gas price falls, while U.S. average continues to rise

February 19, 2024 3:46 pm KTVZ News Partners

CHICAGO (KTVZ) — Average gasoline prices in Oregon have fallen 2.3 cents per gallon in the last week, averaging $3.52/g Monday, according to GasBuddy’s survey of 1,307 stations in Oregon. Prices in Oregon are 8.7 cents per gallon lower than a month ago and stand 28.4 cents per gallon lower than a year ago. According

Interfor closing Philomath sawmill indefinitely, laying off 100, citing high log costs, weak lumber market

February 17, 2024 8:43 pm Barney Lerten

BURNABY, British Columbia (KTVZ) — Interfor Corporation announced Thursday that it will indefinitely curtail its sawmill operations in Philomath, Oregon, laying off about 100 employees, “in response to persistent high log costs in the region and ongoing weak lumber market conditions.” Sawmill production will be curtailed immediately, followed by an orderly wind-down of operations, which

Pacific Power makes 22 electric mobility grants, 6 in C. Oregon, to help more Oregonians plug into EVs’ benefits

February 13, 2024 3:32 pm KTVZ News Partners

Pacific Power has awarded more than $2 million to 22 organizations in Oregon, six on the High Desert, for projects that will expand electric mobility and connect people across the state to the cost-saving, clean-air benefits of electric vehicles.

New Bend drug treatment center sees strong demand in the face of the rising opioid crisis

February 9, 2024 11:53 am KTVZ

“My story in addiction and recovery started at a young age,” Zack Ament says. “I had my first drink at 13, after my bar mitzvah, and it quickly spiraled from there.”

‘I’ll be able to get on my feet again:’ Six Bend Core Area businesses share $100,000 in city grants for improvements

February 13, 2024 10:45 am KTVZ News Partners

(Update: Adding video, maps, comments from businesses) BEND, Ore. (KTVZ) — Six businesses in Bend’s Core Area will collectively receive $100,000 in grants for planned building improvements after city councilors, in their roles as the Bend Urban Renewal Agency, voted to approve an inaugural round of business assistance grants for the area. Councilors approved the

Pacific Power files for rate hike with Oregon PUC; average residential customer would see nearly $30 monthly boost

February 15, 2024 2:56 pm KTVZ News Partners

PORTLAND, Ore. (KTVZ) — Pacific Power has filed a general rate case and a Transition Adjustment Mechanism update with the Oregon Public Utility Commission. The combined rate actions would result in a 16.9% rate adjustment, or roughly $304 million, and would support continued investments in wildfire risk management strategies, transmission infrastructure and renewable generation projects. The utility

Redmond Airport receives $7 million from feds toward $155 million terminal expansion project

February 15, 2024 9:14 am Barney Lerten

WASHINGTON (KTVZ) – Senators Jeff Merkley and Ron Wyden, D-Ore., announced Thursday a total of $15.2 million in Bipartisan Infrastructure Law funds will be heading to the Redmond Municipal Airport (RDM) for its major expansion project and Portland International Airport (PDX) to replace nine older jetways. The funding comes from the Fiscal Year 2024 Airport Terminal Grants

Bend Dermatology Clinic set to open new Redmond location

February 15, 2024 8:42 am Barney Lerten

BEND, Ore. (KTVZ) – Bend Dermatology Clinic’s new, modern Redmond facility at 440 NW Maple Ave. will open and begin accepting patients on February 19. The practice will move from its interim location at 111 NW Larch Ave. The new 5,134-square foot facility more than doubles care capacity with an additional two exam rooms and three

Oregon Employment Dept. shares what claimants can expect when new Frances Online system goes live on March 4

February 14, 2024 10:05 pm KTVZ News Partners

SALEM, Ore. (KTVZ) — The Oregon Employment Department on Wednesday announced more details of what Unemployment Insurance claimants can expect when benefits go live through Frances Online on Monday, March 4. The new system, Frances Online, will provide better service for claimants and employers, officials say. “With any new technology, there is going to be

Feds finalize areas for floating offshore wind farms along Oregon coast

February 13, 2024 10:33 am The Associated Press

The federal government has finalized two areas for floating offshore wind farms along the Oregon coast, authorities announced Tuesday, bringing the state closer to commercially developing and producing a renewable energy source that’s part of the fight against climate change.

Thornburgh Resort developer presses on, but nearly 20-year land use fight with opponents still isn’t over

February 13, 2024 11:59 am Matthew Draxton

The long-debated, nearly 2,000-acre Thornburgh Resort at Cline Buttes west of Redmond is gearing up for more construction, despite lingering land-use battles over groundwater, wildlife and other impacts that have gone on for nearly two decades.

‘I think it’s super-exciting’: New effort underway to convert downtown Redmond motel into affordable apartments

February 12, 2024 11:25 am Jillian Fortner

(Update: adding comments from Urban Renewal Program manager, businesses) REDMOND, Ore. (KTVZ) — There are plans to revamp the rundown Village Squire Motel in Redmond into affordable workforce housing. The motel has been around for 60 years, but closed two years ago. Developers bought the motel a year ago, with plans to convert it into

Pacific Power launches demand response program using smart thermostats, to boost efficiency

February 11, 2024 5:47 pm KTVZ News Partners

Pacific Power is offering a new energy program called Optimal Time Rewards for residential customers across Oregon and Washington to help customers manage costs while creating a more resilient and sustainable grid.

Oregon joins 25 other states, SEC in $3 million settlement with TradeStation crypto program

February 10, 2024 10:26 pm KTVZ News Partners

SALEM, Ore. (KTVZ) – The Oregon Division of Financial Regulation, along with a task force of state securities regulators, and the U.S. Securities and Exchange Commission announced a $3 million settlement in principle with TradeStation Crypto, Inc. over its unregistered crypto interest earning program. The settlement resolves allegations that TradeStation violated state and federal securities

City of Madras official testifies in Salem for bill to fund affordable workforce housing developments

February 9, 2024 1:48 pm KTVZ News Partners

MADRAS, Ore. (KTVZ) — Since 2019, the City of Madras has worked hard to address local housing challenges by updating plans and development regulations, streamlining permitting processes, reduced SDCs, and created new revenue sources to reduce the cost of housing. The city has permitted 330 new homes since 2020. However, only 47% of those new

Youth Career Connect partnerships pave way for Bend-La Pine student internships, promising career paths

February 1, 2024 2:23 pm Matthew Draxton

Two welding students from Mountain View High School are finding their career paths through an internship at Max Manufacturing, a metal fabrication shop in northeast Bend. It’s part of a growing movement to get students trained in technical skills that will help fill an age gap in experienced workers.

Oregon treasurer’s Financial Wellness Scorecard gives mixed marks to financial security, decision-making and stress

February 7, 2024 1:53 pm KTVZ News Partners

SALEM, Ore. (KTVZ) — Oregonians are earning more and report higher net wealth, yet also are more likely to express difficulty paying their monthly bills. In addition, fewer than half of Oregon adults report ever taking a personal finance class. Those are some of the takeaways from the 2024 Oregon Financial Wellness Scorecard, released Wednesday

Oregon Treasury releases plan to reach net zero carbon emissions in state pension fund by 2050

February 6, 2024 1:40 pm KTVZ News Partners

SALEM, Ore. (KTVZ) — On Tuesday, Treasurer Read presented to the Oregon Investment Council details regarding Treasury’s plan to transition the Oregon Public Employees Retirement Fund to a net zero carbon emissions portfolio by no later than 2050. The Net Zero Plan lays out specific actions Treasury will take in the short- and long-term to

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