THE MONDAY MIX: June 12 – 18, 2017

Monday Morning Mix

Headlines to be discussed at LNWM’s Monday briefing:

The Fed raised interest rates for the 2nd time this year,  signaling confidence in US economy.
US inflation is expected to stay under 2%, on weaker data on factory orders and import prices.
Oil prices fell to less than $45/barrel, on higher US production and weak demand for gasoline.
Amazon will buy Whole Foods for $13.7 billion (27% premium), in a bid to shake up grocery industry.
The Bank of England said it’s close to raising interest rates, sending European stocks lower.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.

Celebrating the Past 50 Years and #Future50NW

Community, NextGen, On the Job

Em,ployees of Laird Norton Wealth Management at Pike Place MarketFront

June 8, we celebrated Laird Norton Wealth Management’s 50th birthday. And what a party it was! At the brand new Pike Place MarketFront, the Puget Sound before us and Seattle skyline behind us, we toasted our fantastic group of clients and the client-centered company LNWM remains to this day. More than 400 people gathered — clients, community and business partners, employees — to play games (1967 Trivia, Lite Brite among them), feast on summer fare and take in the views.

As LNWM President and CEO Bob Moser said at the celebration, our focus now is the next 50 years, not just for LNWM but for the Pacific Northwest. So we asked people attending to tell us: What will shape the Pacific Northwest’s next 50 years? Here are some of the answers:  … Read More

Keeping Middle Class Families in Seattle

Community, Money Matters

Seattle skyline with buildingsHousing is the hot topic in a changing Seattle, namely skyrocketing real estate prices that are outpacing most of the country and a deepening homelessness crisis. And caught in the middle are the middle-income families that make up an important part of our city’s public and private sector workforce and students working for successful futures.

As we celebrate the ideas, institutions and individuals that are shaping our region’s next 50 years, we wanted to call attention to a new, unique partnership aimed at building workforce and student housing in high-growth, urban areas throughout the Pacific Northwest.

The Seattle Times is reporting that Spectrum Development Solutions and Laird Norton Properties (our sister company), along with local philanthropists John and Shari Behnke, are embarking on their first workforce housing project, Canton Lofts, in Pioneer Square. Canton Lofts will combine high rise affordable housing units with ground level retail space used by Path with Art, a local nonprofit that uses art as a bridge to community and stability for people in recovery.

The Next 50 Years

Why is workforce and student housing an idea that will shape the next 50 years? Because it recognizes the responsibility of a city to accommodate different types of development. The Seattle area is no doubt in an economic upswing, but sustainable growth requires much more than cranes and companies. People prosper when communities prosper, and that’s exactly what led Laird Norton Properties, Spectrum Development Solutions and the Behnke family to take on this important effort.

Read more about the ideas, individuals and institutions that could shape the next 50 years on this blog and by following us on Twitter, LinkedIn and Facebook.

Making Seattle More Affordable: Laird Norton Properties’ New Venture

Community, Money Matters

Many people who work in Seattle can no longer afford to live in the city, due to high housing prices. The need for more affordable housing is big. We are thrilled, therefore, that our sister company, Laird Norton Properties (LNP), is taking an active role in making Seattle and the Pacific Northwest livable for more people.

As the Seattle Times reported this past weekend, LNP is “Bucking the luxury housing trend, [with] $500 million in new apartments designed to help Seattle’s shrinking middle class.” Specifically, LNC is partnering with Spectrum Development Solutions to build workforce and student housing in high-growth, urban areas throughout the Pacific Northwest. Their very first project, called “Canton Lofts” (rendering at left), will be in Pioneer Square.

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The Monday Mix: June 5 – 11, 2017

Monday Morning Mix

Headlines to be discussed at LNWM’s Monday briefing:

The global economy is likely to expand more than expected in 2017 — 2.7% — per World Bank.
The election upset in the UK could result in more trade-friendly Brexit negotiations.
The European Central Bank said regional economy has less risk, signaling an end to stimulus.
Growing consumer debt burden since 2012 could result in more defaults if US interest rates rise.
Demand for riskier municipal bonds is rising, as supply remains limited.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.